Answer:
Sidewinder, Inc.
The addition to retained earnings is:
= $73,250
Duela Dent:
Income taxes = $45,200.
Alaskan Peach Corp.:
Balance Sheet as of December 31, 2019
Assets
Current assets:
Cash $203,000
Accounts receivable 263,000
Inventory 548,000 $1,014,000
Long-term assets:
Tangible net fixed assets 5,200,000
Patents and copyrights 857,000 $6,057,000
Total assets $7,071,000
Liabilities and Equity:
Current liabilities:
Accounts payable $286,000
Notes payable 179,000 $465,000
Long-term liabilities:
Long-term debt $1,150,000
Total liabilities $1,615,000
Accumulated retained earnings 4,686,000
Common stock (missing figure) 770,000
Total liabilities and equity $7,071,000
Explanation:
a) Data and Calculations:
Sidewinder, Inc.:
Sales revenue $714,000
Cost of goods sold $348,000
Depreciation expense $93,000
Interest expense $58,000
Tax rate = 25%
Cash dividends paid = $88,000
Income Statement
Sales revenue $714,000
Cost of goods sold 348,000
Gross profit $366,000
Depreciation expense 93,000
EBIT $273,000
Interest expense (58,000)
Income before tax $215,000
Tax rate (25%) 53,750
Net income $161,250
Cash dividends paid 88,000
Addition to Retained
Earnings $73,250
Duela Dent (single):
Taxable income = $180,800
Income tax (25%) 45,200
Alaskan Peach Corp.:
Account Titles Debit Credit
Cash $203,000
Accounts receivable 263,000
Inventory 548,000
Patents and copyrights 857,000
Tangible net fixed assets 5,200,000
Accounts payable $286,000
Notes payable 179,000
Long-term debt 1,150,000
Accumulated retained earnings 4,686,000
Common stock (missing figure) 770,000
Totals $7,071,000 $7,071,000
Please find attached full question Answera and Explanation:
Risk posture or cybersecurity posture is the general status or overall defense of the cybersecurity program in place in an organization to guard against cyber attacks and data breaches. For a company to maintain reasonable cyber security posture as there is no fool proof cybersecurity posture, there is need for regular continuous assessment of risk exposures and potential loopholes across the company's digital infrastructure. There are different digital and sophisticated infrastructures utilized by am organizations and most if not all are well prone to cyber attacks. These infrastructures are used by employees for work e. g-email, went servers, phones, networking devices and cloud programs etc . Therefore each employee must be educated in the need to safeguard company data by looking out for traps set by cyber attackers such as phishing in email and many other loopholes. Vulnerability tests need to be performed at regular intervals and reports monitored and analyzed to protect against a potential source of cyber attack.
Answer:
I think is just be nice like thier pics leave nice comments cause if ur nice to them they might think Oh that was nice I'm gonna follow them and just put cute pics and things that are trendy so people will see them and always stay nice and polite
Explanation:
15.1% and 17.7%
17.5% and 18.8%
15.1% and 18.8%
None of the above options is correct.
Answer:
The correct answer is letter "B": decrease the real rental price of capital.
Explanation:
The supply of capital increases when individuals and organizations have received more income out of their labor activities or production processes. As a result, the need for requesting loans will decrease. Thus, banks and financial institutions will decrease their interest rates to promote loans which will decrease the rental price of capital.
B. cannot reship them to the seller without the seller's instructions.
C. can resell them for the buyer's benefit.
D.can give reasonable time for the seller to reclaim the goods
Answer:
D
Explanation:
the buyer can give reasonable time for the seller to reclaim the goods and made a possible cure for the defective delivery.
Answer:
cash 216,000
bond payable 216,000
interest expense 4,320
cash 4,320
interest expense 4,320
interest payable 4,320
cash 178,080
bond payable 168,000
interest payable 10,080
interest payable 10,080
cash 10,080
interest expense 10,080
interest payable 10,080
Explanation:
Monty
issuance will receive the same amount as face value, as it was issued at par
July 1st payment: 216,000 x 8%/4 = 4,320
we divide by 4 as the payment are quarterly and there are 4 quarter per year
we recognize this interest expense and pay it.
accrued interest at December 31th:
we will recognize the interest accrued form october 1st to december 31th
we put a payable account as there is no cash payment
Flounder
issuance will receive the same amount as face value, and the interest accrued from Jan 1st to June 30th as the bonds were issued with delay
168,00 x 12%/2 = 10,080 interest payable
(the payment are semiannually so we split the rate in two)
The sum of these payable and the face value will be the cash proceeds to Flounder
july 1st payment
we "pay" the interest agains the payable account
accrued interest at December 31th:
168,00 x 12%/2 = 10,080 interest expense
we will recognize the nterest accrued form July 1st to december 31th
we put a payable account as there is no cash payment