Alpaca Corporation had revenues of $240,000 in its first year of operations. The company has not collected on $19,400 of its sales and still owes $26,000 on $80,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $14,500 in salaries. Owners invested $25,000 in the business and $25,000 was borrowed on a five-year note. The company paid $3,600 in interest that was the amount owed for the year, and paid $5,100 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 30%. Compute net income for the first year for Alpaca Corporation.
Answers: 3
Business, 22.06.2019 11:30
When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is
Answers: 2
Business, 22.06.2019 16:00
Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
Answers: 2
Business, 22.06.2019 16:40
Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.
Answers: 1
Business, 22.06.2019 20:00
Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396
Answers: 3
Alpaca Corporation had revenues of $240,000 in its first year of operations. The company has not col...
English, 29.07.2019 13:20
Computers and Technology, 29.07.2019 13:20
History, 29.07.2019 13:20
Biology, 29.07.2019 13:20
Mathematics, 29.07.2019 13:20
Social Studies, 29.07.2019 13:20
Biology, 29.07.2019 13:20
English, 29.07.2019 13:20
Computers and Technology, 29.07.2019 13:20
Social Studies, 29.07.2019 13:20
Biology, 29.07.2019 13:20