On December 31, 2015, Waterway Industries is in financial difficulty and cannot pay a note due that day. It is a $2900000 note with $290000 accrued interest payable to Carla Vista, Inc. Carla Vista agrees to accept from Waterway equipment that has a fair value of $1440000, an original cost of $2400000, and accumulated depreciation of $1160000. Carla Vista also forgives the accrued interest, extends the maturity date to December 31, 2018, reduces the face amount of the note to $1230000, and reduces the interest rate to 5%, with interest payable at the end of each year.Nolte should recognize a gain or loss on the transfer of the equipment of


a. $0.

b. $120,000 gain.

c. $180,000 gain.

d. $570,000 loss.


Nolte should recognize a gain on the partial settlement and restructure of the debt of


a. $0.

b. $45,000.

c. $165,000.

d. $225,000.

Answers

Answer 1
Answer:

Answer:

(a) $210,000

(b) $351,500

Explanation:

(a) Given that,

Fair value of equipment = $1,440,000

Face Amount of the note = $1,230,000

Gain on sale:

= Fair value of equipment - Face Amount of the note

= $1,440,000 - $1,230,000

= $210,000

(b) Given that,

Accrued Interest Payable = $290,000

Interest rate = 5%

Gain on the partial settlement and restructure of the debt:

= Accrued Interest Payable + (Face amount of note × Interest rate)

= $290,000 + ($1,230,000 × 5%)

= $290,000 + $61,500

= $351,500


Related Questions

Wolf Company used $5,940 of indirect raw materials and $56,700 of direct raw materials during the period. The company incurred $37,800 of direct factory labor and $6,480 of indirect factory labor during the period. What amount will Wolf assign to Manufacturing Overhead
On October 1, 2018, Hill Company borrows $20,000 from a local bank. The note has an interest rate of 6% and is due in one year. How much interest expense will Hill Company report on its 2018 income statement?
Melissa owns the following portfolio of stocks. What is the return on her portfolio? Stock Amount Invested Return A $8.000 17.5% B $4,000 11.0% C $12,000 4.3% A. 8.0% B. 9.0% C. 9.8% D. 10.9%
Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13. During April, 700 drives were sold. Fixed costs for April were $2 per unit for a total of $1,400 for the month. How much is the monthly break-even level of sales in dollars for Kaplan?
45) According to the text, the most logical budget-setting method in advertising is the method A) adaptive-control B) objective-and-task C) competitive-parity D) affordable E) percentage-of-sales 46) Which of the following is a disadvantage of using online, mobile, and social media for advertising? A) The costs are high B) Audience selectivity is low. C) The audience controls ad exposure. D) The interactive capabilities are low, I E) There is little scope for personalization

A firm pays a $11.80 dividend at the end of year one (D1), has a stock price of $145, and a constant growth rate (g) of 4 percent. Compute the required rate of return (Ke). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Answers

Answer:

The required rate of return is 12.13%

Explanation:

According to the DDM model, the formula for a price of a stock is

P=D1/R-G

D1= Year end dividend

P= Stock price

R= required rate of return

G= Growth rate of stock

SO we will input the values given to us in the question, in this formula.

145=11.80/(R-0.04)

145R - 5.8=11.80

145R= 17.6

R=17.6/145

R=0.121

R= 12.13%

The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market isa. the five forces framework.b. PESTEL.c. the driving forces model.d. strategic group mapping.e. SWOT analysis.

Answers

Answer:

The correct answer is letter "A": the five forces framework.

Explanation:

Porter's Five (5) Forces is an analysis scheme created by American economist Michael E. Porter (born in 1947). The ultimate goal of this analysis is to help managers set their expectations of profitability because as competition increases, profitability decreases. Three of the five forces relate to those involved in the industry. The other two apply to the suppliers, the vertical participants, and consumers.

Core competencies and competitive capabilities _______. (A) usually are lodged in the narrow skills and specialized work efforts of a single department, as opposed to the combined expertise and capabilities of specialists scattered across several departments.
(B) most usually stem from collaborative efforts with strategic allies.
(C) are usually bundles of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.
(D) tend to result in competitive advantage when they involve highly specific technologies and are grounded in a company's own deep technical expertise.
(E) typically are built rapidly, usually in conjunction with important product innovations.

Answers

Answer: C) are usually bundles of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.

Explanation: Core competencies and competitive capabilities are best defined as a collection of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain. Core competencies are the various arrays of resources and capabilities that the strategic advantages of a business is composed of. Businesses have to define, grow, and exploit its core competencies across work groups and departments in order to succeed against competition. In this they build up capabilities that leads to a better performance in relation to their competitors driving profits and gaining more market share.

Answer:

The correct answer is letter "C": are usually bundles of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.

Explanation:

Core competencies represent all the abilities employees of a company can contribute to improving efficiency and effectiveness. Competitive capabilities are those that allow a company to outstand its competitors' performance. Within a value chain, both core competencies and competitive capabilities must be effectively allocated to increase the firm's comparative advantage.

Suppose you are committed to owning a $191,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 11 percent and you want to buy the car in 8 years on the day you turn 30, how much must you invest today?

Answers

Answer:

Explanation:

In this scenerio we have to use compound interest formula to find the investmen amount:

FV=PV(1+i)^{n}

FV: Future Value (Ferrari price)

PV: Present Value (Investment amount)

i: interest rate (0.11) (11%)

n: time (8 years)

191,000=PV(1+0.11)^{8}⇒ 191,000=PV×2,3045377697175681

PV= $82,879.96=Investment amount

FARO Technologies, whose products include portable 3 D measurement equipment, recently had 17 million shares outstanding trading at $42 a share. Suppose the company announces its intention to raise $200 million by selling new shares.a. What do market signaling studies suggest will happen to FARO’s stock price on the announcement date? Why?

b. How large a gain or loss in aggregate dollar terms do market signaling studies suggest existing FARO shareholders will experience on the announcement date?

c. What percentage of the value of FARO’s existing equity prior to the announcement is this expected gain or loss?

d. At what price should FARO expect its existing shares to sell immediately after the announcement?

Answers

Answer:

a. Market signaling studies suggest that the price of existing FARO shares will fall.

b. $60,000,000

c. 8.403%

d. $38.471

Explanation:

Given

New Shares: $200,000,000

Existing Shares: $17,000,000

Price per Share: 42

a.

Because the stock of the FARO Technologies is overvalued at the current price

b.

Expected Loss: 30% * New Shares Size

New Shares Size = $200,000,000 (given)

Expected Loss = 30% * $200,000,000

Expected Loss = $60,000,000

c.

Percentage of the value of FARO’s existing equity = Ratio of New Expected Share Value to Existing Share Value

Expected Share Value = $60,000,000

Existing Share Value = Price per Shares * Existing Shares

Existing Share Value = 42 * $17,000,000

Existing Share Value = $714,000,000

Percentage of FARO's Existing Equity = $60,000,000 ÷ $714,000,000

Percentage = 8.403%

d.

The price FARO should expect its existing shares to sell

= Price per Share (1 - Percentage of Existing Equity)

Price per Share = 42

Percentage Existing Equity = 8.403%

The price FARO should expect its existing shares to sell = 42(1-8.403%)

The price FARO should expect its existing shares to sell = 42(1-0.08403)

The price FARO should expect its existing shares to sell = 42 * 0.91597

The price FARO should expect its existing shares to sell = $38.47074

The price FARO should expect its existing shares to sell = $38.471 ----- Approximated

Final answer:

The announcement of FARO technologies to sell new shares might decrease their share price as it might signal overvaluation to investors. Existing shareholders may thus experience a loss. The new selling price would be the original price minus the decrease caused by the announcement.

Explanation:

a. The market signaling theory suggests that the announcement of FARO Technologies selling new shares to raise capital could lead to a decrease in the company's share price. This is because it signals to investors that the company may be overvalued, leading them to sell their shares, thereby driving down the price.

b. For existing FARO shareholders, the aggregate dollar loss could be estimated by multiplying the decrease in share price by the number of existing shares.

c. To calculate the percentage of the value of FARO's existing equity that this represents, we could divide the total dollar loss by the company's market capitalization before the announcement, and then multiply by 100 to get a percentage.

d. After the announcement, the price that FARO should expect its shares to sell at would be the original price minus the decrease due to the announcement.

Learn more about Market Signaling here:

brainly.com/question/7723523

#SPJ11

The amount of money that a seller is willing to accept in exchange for a product, at a given time and under given circumstances, is called the A) revenue.
B) income
C) discount. price.
E) breakeven quantity.

Answers

Answer:

D. Price

Explanation:

Price is the amount that is paid by the buyer to the seller in the purchase of the product. And it also deals in exchange for a product which we called barter. The more or less amount while exchange the product is also known as price

It is a measure of an item.  

According to the given situation, the most appropriate option is d. as it says that the seller is willing to accept in a given time and in given circumstances that means he is ready for negotiation.