Drake wants to save $750 so that he can take a class on computer analysis for cars. the class is being held on various dates over the next several months. drake is planning to take the class 6 weeks from now, so he plans to save $125 each week. unfortunately, drake had to take out a little money from his savings in the 3rd week. after 4 weeks, drake has $470. he knows that he must adjust his plan in order to meet his goal. drake came up with the following options: option a: stay with saving the original amount each week but take the class a week later than originally planned. option b: increase the amount of money he saves each week by $15 from his original plan. which of the following is a true statement? a. only option a will allow him to meet his goal. b. only option b will allow him to meet his goal. c. both options a and b will allow him to meet his goal. d. neither option a nor option b will allow him to meet his goal.
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Ответ:
Ответ:
Permabilt Corp.
Financial Statement Effects:
Balance Sheet Statement of
Assets = Liabilities + Equity Cash Flows
a. January 1, 2019:
Cash $26,250,000
Common stock $26,250,000 FA cash inflow
b. December 22, 2021:
Dividends -$15,000,000
Dividends Payable $15,000,000
c. February 12, 2022:
Dividends Payable -$15,000,000
Cash -$15,000,000 FA cash outflow
Total $11,250,000 = 0 + $11,250,000
Explanation:
a) Data and Analysis:
January 1, 2019
Cash $26,250,000 Common stock $26,250,000
Cash $56,700,000 7.5% Cumulative Preferred Stock $54,000,000 Additional Paid-in Capital - Preferred $2,700,000
December 22, 2021:
Preferred Stock Dividends $4,050,000 ($54,000,000 * 7.5%)
Common Stock Dividends $10,950,000 ($15,000,000 - $4,050,000)
Dividends Payable $15,000,000
February 12, 2022:
Dividends Payable $15,000,000
Cash $15,000,000