take it all away has a cost of equity of 10.54 percent, a pretax cost of debt of 5.27 percent, and a tax rate of 24 percent. the company's capital structure consists of 68 percent debt on a book value basis, but debt is 28 percent of the company's value on a market value basis. what is the company's wacc?
Answers
The company's WACC if the debt is 28 percent of company's value on a market value basis is 7.61%.
To calculate the weighted average cost of capital (WACC) for Take it all away, we need to use the formula:
WACC = (E/V x Re) + (D/V x Rd x (1 - T))
Where:
E = Equity
V = Total value of the firm
Re = Cost of equity
D = Debt
Rd = Cost of debt
T = Tax rate
Given the information, we know that:
- Re = 10.54%
- Rd = 5.27%
- T = 24%
- Debt is 68% of book value, which means equity is 32% of book value
- Debt is 28% of market value, which means equity is 72% of market value
To calculate the total value of the firm, we need to use the market value weights:
V = D + E
V = 0.28D + 0.72E
Substituting the values, we get:
WACC = (0.72 x 0.1054) + (0.28 x 0.0527 x (1 - 0.24))
WACC = 0.0761 or 7.61%
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Related Questions
Why does the Director choose the Fertilizing Room to meet?
Answers
The Director's choice to meet in the Fertilizing Room serves to underscore the importance of reproduction and genetic engineering in the world of "Brave New World", as well as to reveal some of the darker aspects of this supposedly perfect society.
In the dystopian society depicted in Aldous Huxley's novel "Brave New World", the Director chooses the Fertilizing Room to meet for several reasons. First and foremost, the Fertilizing Room is a place of great importance in this society, as it is where the creation and manipulation of embryos takes place. By choosing to meet in this location, the Director is highlighting the central role that reproduction and genetic engineering play in the world of "Brave New World".
Additionally, the Fertilizing Room is a highly controlled environment, with strict protocols and procedures in place to ensure that the embryos are created and conditioned in a specific way. By meeting in this location, the Director is able to emphasize the importance of conformity and adherence to the rules, as well as the power that those who control the process of reproduction hold in this society.
Furthermore, the Fertilizing Room represents a sort of "behind-the-scenes" aspect of the world of "Brave New World", which is typically presented to citizens as a flawless and perfect utopia. By meeting in this location, the Director is able to reveal some of the darker truths about this society, such as the dehumanizing effects of genetic engineering and the lack of individuality and freedom.
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Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated
Answers
Answer:
do u still need
Explanation:
Explain two situations where scarcity effects you
Answers
Answer:
High demand, which results in there being little to none of the product left. The prices may increase.
Low number of workers, if this happens in a factory, then there will be little production made for the consumers.
What term BEST describes something done just to earn money?
A.
path
B.
activity
C.
job
D.
career
Answers
Answer:
its job in my opinion
Jobs are usually meant to be temporary just to earn money whereas careers are usually not temporary and just for the sake o making money.
Mark me brainliest pls
If the police want to enter a home to find evidence, what must they request?
A. An affidavit of probable cause
O B. A search warrant
O
C. A witness' testimony
о D. A motion for arraignment
SUBM
Answers
Answer:
B. A search warrant
Explanation:
hope it helps
. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 400 bushels of tomatoes at $2.49 a pound. (There are 53 pounds in a bushel of tomatoes.) This year she is considering using an indirect channel by selling to two area supermarkets. She estimates that she can sell 650 bushels at $1.63 a pound. What will be the difference in revenue if she makes the change? What other factors should the farmer consider before changing to indirect distribution?
Answers
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
The farmer's total revenue when she uses the direct channel is $996 and the difference in revenue if she makes the change will be $63.5
What do you mean by Total revenue?
Revenue is the total amount of sales of goods and services. It is calculated by multiplying the total amount of goods and services sold at the price of goods and services.
Total revenue when she uses the direct channel is $996
\(\rm\, Total \,Revenue = 400 \times \$2.49 \\\\\rm\, Total \,Revenue = \$996\)
If she uses the indirect channel, her total revenue is $1,059.50.
\(\rm\,Total \,Revenue = 650 \times \$1.63\\\\\rm\,Total \,Revenue = \$1,059.50\)
The difference in revenue between direct selling and indirect selling:
\(\rm\, \$1,059.50 - \$996 = \$63.5\)
The farmer's total revenue will increase when selling to the supermarkets, but also her variable production costs will increase which has to be kept in mind while choosing indirect selling.
Therefore, the farmer should keep the variable factor costs in mind before selecting indirect selling as the revenue might increase but the percentage of increase probably may not be high.
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How can reviewing your personality assessments, values, and other personal information help you create an academic or career plan?
A. it helps make the goal setting more fun
B. to help you avoid boring milestones
C. to help you align your career choices and goals with your interests and needs
D. it helps you make your academic and career plans more performance-based
Answers
Reviewing your personality ratings, values, and other personal information can help you build an academic (college) or career plan by:
Helping you align your career choices and goals with your interests and needs (Option C)
What is a Plan?A plan is a program or method prepared in advance, a project or goal, or a blueprint or design for something. Planning means thinking about how to achieve your goals. An orderly or progressive design or proposal to achieve a goal.
it can also mean a series of decisions about how to do something in the future; think and decide what to do or how to do something:
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Johnston, Inc., engaged in the following transactions involving treasury stock.
Feb. 10 Purchased for cash 17,000 shares of treasury stock at a price of $31 per share.
June 4 Reissued 6,000 shares of treasury stock at a price of $34 per share.
Dec. 22 Reissued 4,000 shares of treasury stock at a price of $22 per share.
a. Prepare general journal entries to record these transactions.
Answers
Answer and Explanation:
The journal entries are shown below
On Feb 10
Treasury stock Dr (17,000 shares × $31) $527,000
To cash $527,000
(Being the treasury stock purchased for cash is recorded)
On June 4
Cash (6,000 shares × $34) $204,000
To Treasury stock (6,000 shares × $31) $186,000
To Additional paid in capital - Treasury stock (6,000 shares × $3) $18,000
(being the reissuance of the treasury stock is recorded)
On Dec 22
Cash (4,000 shares × $22) $88,000
Additional paid in capital - Treasury stock (4,000 shares × $9) $36,000
To Treasury stock (4,000 shares × $31) $124,000
(being the reissuance of the treasury stock is recorded)
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
if the actual price level is 165, but people had been expecting it to be 160, then
Answers
If the actual price level is 165, but people had been expecting it to be 160, then the actual price level has exceeded expectations. This difference could lead to economic consequences such as increased inflation, as the higher price level indicates that goods and services are generally more expensive than anticipated. Consumers and businesses may need to adjust their financial plans and strategies accordingly in response to the unexpected increase in the price level.
If the actual price level is 165, but people had been expecting it to be 160, it means that there has been a deviation from what was expected. This deviation could have different causes, such as changes in market conditions, unexpected events, or inaccurate forecasting. The difference between the actual price level and the expected price level is significant, as it can impact the behavior of buyers and sellers, the profitability of businesses, and the overall economic performance. If people were expecting a price level of 160, but the actual price is 165, this could result in lower demand, higher costs for businesses, and reduced economic activity. It is important to monitor these discrepancies and adjust strategies accordingly.
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Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or decorations, wrong dimensions, and uneven stitches. Jim randomly examined 10 shirts, with the following results shown to the right. Shirt Defects 1 7
2 1
3 6
4 10
5 7
6 9
7 1
8 5
9 8
10 5
a. Assuming that 10 observations are adequate for these purposes, determine the three-sigma control limits for defects per shirt. The UCLo equals and the LCLc equals.(Enter your responses rounded to two decimal places. If your answer for LCLc is negative, enter this value as 0.)
Answers
The three-sigma control limits for defects per shirt are:
UCLo = 14.57
LCLc = 0.00
To calculate the three-sigma control limits for defects per shirt, we need to determine the average and standard deviation of the defects observed in the sample.
First, let's calculate the average (x) and standard deviation (σ) of the defects per shirt:
Average (x)= (1 + 7 + 6 + 10 + 7 + 9 + 1 + 5 + 8 + 5) / 10 = 59 / 10 = 5.9
To calculate the standard deviation, we'll use the formula:
σ = √[(Σ(x - x)²) / N]
Where:
Σ(x - x)² = sum of the squared differences between each observation (x) and the average (x)
N = number of observations
Using the given observations, we have:
Σ(x - x)² = (1 - 5.9)² + (7 - 5.9)² + (6 - 5.9)² + (10 - 5.9)² + (7 - 5.9)² + (9 - 5.9)² + (1 - 5.9)² + (5 - 5.9)² + (8 - 5.9)² + (5 - 5.9)²
= 23.21 + 1.21 + 0.01 + 17.64 + 1.21 + 9.61 + 23.21 + 0.81 + 5.29 + 0.81
= 83.60
σ = √(83.60 / 10) = √8.36 = 2.89 (approx.)
Now, we can calculate the control limits:
UCLo (Upper Control Limit) = x + (3 * σ)
= 5.9 + (3 * 2.89)
= 5.9 + 8.67
= 14.57 (approx.)
LCLc (Lower Control Limit) = x - (3 * σ)
= 5.9 - (3 * 2.89)
= 5.9 - 8.67
= -2.77 (approx.)
However, since LCLc should not be negative, we set it to 0.
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Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan
Answers
Answer: skill-based pay systems
Explanation:
Which purchase decision will probably require the most extensive information search? multiple choice question.
Answers
The purchase decision that would probably require the greatest extensive information search would be that it would be plastic surgery.
What is meant by purchase decision?
The term that purchase decision can be referred to as the thought process that would have to do with the thought process that would involve all that concerns the ability to be able to get a particular product as well as a brand. The goal is to be able to make the best decisions that would aid you in the purchase of that particular good.
Some purchase decisions are known as the major purchase decisions while some others can be regarded as minor decisions. The major ones are the ones that would need the extensive search for information.
Hence we can say that The purchase decision that would probably require the greatest extensive information search would be that it would be plastic surgery.
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Complete question
Which of the following purchase decisions will probably require the most extensive information search?
A. plastic surgery
B. Wheelbarrow
C.Washing machine
If you were a restaurant manager, what kinds of policies would you put in place to create a positive work environment?
Answers
Answer
Clean areas
Explanation:
What is the gross income for a real estate agent in 2021?
Answers
Answer:
It depends on where you live and your experience level, but in the US a real estate agent can make approximately $82,898 a year, while you can expect to be paid around 15 to 30 thousand a year, within the first few years.
I hope this helps :)
4. Identify three factors that can lead to conflict in a hospitality environment
Answers
Conflicts in hospitality environments can arise due to various factors, but some common factors include communication breakdowns, personality clashes, and workload imbalances.
Poor communication can lead to misunderstandings between staff members and with customers, which can result in conflicts. Personality clashes can arise when different personalities or work styles do not mesh well together, leading to friction and tension among employees. Workload imbalances can lead to feelings of resentment and unfairness, especially if some employees feel like they are doing more work than others without proper recognition or compensation.
Hospitality environments require effective communication, collaboration, and a positive work culture to prevent and address conflicts in a timely and respectful manner.
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.Besides generic names, what other types of names are very difficult to protect?
a.
Names created by the company
b.
Arbitrarily chosen names related closely to the product
c.
Surnames and geographic names
d.
Names that contain shapes and colors
e.
Arbitrarily chosen names not related to the produc
Answers
Surnames and geographic names are very difficult to protect as trademarks.
Surnames and geographic names are often considered too common and descriptive to be protected as trademarks. For example, if a company named "Smith" wanted to trademark their name, it would be difficult because "Smith" is a common surname. Similarly, if a company wanted to trademark a geographic name like "New York," it would be challenging because it is a well-known location. These types of names are not distinctive enough to be protected as trademarks.
In addition to surnames and geographic names, names that are arbitrarily chosen and not related to the product can also be difficult to protect as trademarks. This is because these names may not have a strong association with the product or service, making it difficult for consumers to recognize and distinguish the brand from competitors. For example, if a company named "Apple" wanted to trademark their name for a computer company, it would be difficult because the name is not directly related to computers. However, Apple was successful in creating a strong association between their brand and technology over time. Names that contain shapes and colors can also be challenging to protect as trademarks. This is because shapes and colors are often seen as descriptive elements rather than unique identifiers. For example, if a company wanted to trademark a green circle as their logo, it would be difficult because it is a simple design that may not be distinctive enough to protect.
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what is the difference between getting pre-qualified for a loan versus pre-approved?
Answers
When it comes to obtaining a loan, there are two key terms that borrowers should understand: pre-qualification and pre-approval.
Pre-qualification is the initial step in the loan application process, where a lender evaluates a borrower's basic financial information to estimate how much they can afford to borrow. This involves the borrower providing basic financial information to the lender, such as income, debt, and credit score. Pre-qualification is usually a quick process that can be done online or over the phone, and it is often free.
On the other hand, pre-approval is a more involved process that requires the borrower to complete an official application and provide documentation to the lender, such as income verification, bank statements, and tax returns. The lender then evaluates the borrower's financial information to determine whether they qualify for a loan and how much they can borrow. Pre-approval usually takes longer than pre-qualification and may require a fee.
Overall, pre-qualification is an initial estimate of what a borrower can afford, while pre-approval is a more detailed and thorough evaluation of a borrower's financial situation, which can give them more confidence when shopping for a loan.
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why should you research the price of similar used camrys before selling your camry?
Answers
Researching the price of similar used Camrys before selling your Camry is important because it will give you a better understanding of what a realistic price range is for your vehicle.
What is Researching?Researching is the process of gathering information for the purpose of uncovering new knowledge, testing hypotheses, or solving problems. It can involve anything from a quick Goo gle search to a complex laboratory experiment. Researching usually begins with a question or problem, and the researcher then uses a variety of methods to answer the question or solve the problem.
Knowing the market value of a car helps to ensure that you get the best price and avoid being underpaid for your Camry. Researching also allows you to compare prices from different dealerships or private sellers and make sure you get the most money for your sale. Additionally, researching the price of similar used Camrys can help you to identify any potential issues that could lower the value of your car, allowing you to address them before you put it up for sale.
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List 5 motives for the construction of various media?
Answers
Answer and Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
Media is the plural word of the medium that is the means of communication. The news channels, radios, magazines, and many other social things are communicated to the general public by means of media only. The media covers the speech or the incident and lets it known to the general public at no time.
The five motives for the construction of social media are:
1. Developing and making connections: For motivating social media there is a need to establish connections and suing those conections new connections can be made.
2. Sharing the company's reviews: After the company gets its name on social media, it gets famous among a group of people at no more time.
3. Voice opinion: Voice opinion also matters for interacting the several medias
4. People's opinion of the company: Customer satisfaction is the utmost priority of the company so that the company could able to know what changes are required in the product to deliver it in the most satisfactory form.
5. Interaction with employees: Communication with the employees also matters as the employees could deliver their idea to better the company's services.
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You have just graduated from college and are looking to buy your first car. Money is tight right now, so you are concerned with initial cost as well as ongoing expenses. At the same time, you don't want to drive a slow, outdated car like your parents do. You have narrowed your choices down to two vehicles: a Honda Enigma and a Bizzarrini Booster. Based on the numbers below, calculate the value index for each car. Which car provides you with the greatest value?
Answers
Answer:See explanation
Explanation:
Your question isn't complete but here are the figures attached to a similar question:
Dimension Importance to you Honda Enigma Bizzarrini Booster
Fuel economy 4 2 1
Reliability 3 2 1
Speed and handling 5 4 4
Aesthetics 5 3 5
After-sales support 4 4 4
Purchase price 3 4 2
To know the car that car provides the greatest value, we have to multiply their importance to the points attached. This will be:
Honda enigma:
= (4 × 2) + (3 × 2) + (5 × 4) + ( 5 × 3) + ( 4 × 4) + (3 × 4)
= 8 + 6 + 20 + 15 + 16 + 12
= 77
Bizarrini booster:
= (4 × 1) + (3 × 1) + (5 × 4) + 5 × 5) + ( 4 × 4) + (3 × 2)
= 4 + 3+ 20 + 25 + 16 + 6
= 74
From the calculations above, we can see that HOnda enigma provides the greater value
What is the purpose of the qualifications section of a résumé?
To provide an employer with the applicant's contact information
b. To highlight why the applicant is the perfect candidate for the position
C. To give an employer an overview of the applicant's education history
d. To state the type of work the applicant is seeking
Answers
Answer:
b
Explanation:
ddd
The correct option is C). To give an employer an overview of the applicant's education history.
What does qualifications mean on a resume?A qualifications section of a resume refers to the customized section which consists of the education information about the candidate.
It is a brief highlight of relevant education, skills and experience, which shows the employer how the candidate will offer a competitive advantage.
Basically, qualifications section give an employer an overview of the applicant's education history.
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Select the correct answer.
Employees of ABC company uploaded files on a shared server with unique file naming conventions. However, they faced problems while
locating these files. Which file naming convention caused this problem?
ОА
Use of the YYMMDD format while naming the file.
OB
Use of capital letters while differentiating words in the file name.
Ос.
Inconsistent file naming conventions.
OD
Use of unnecessary word in the file names.
Answers
Answer:
A is the answer
Explanation:
Answer:
А:
Use of the YYMMDD format while naming the file.
Explanation:
PLATO / Edemtum
Four reasons for unemployment amongst south African youth
Answers
The Four Reasons for Unemployment Amongst The South African Youth
Lack of Education and Skills.Limited Job Opportunities.Structural Inequality.Lack of Work Experience.Unemployment is a socio-economic phenomenon that occurs when individuals who are willing and able to work are unable to find employment. In the context of humanities, unemployment can have a significant impact on individuals, communities, and society as a whole.
In the humanities, unemployment can be seen as a symptom of larger societal issues such as inequality, globalization, and automation. Unemployment can lead to a range of negative consequences including poverty, social exclusion, and mental health issues. Additionally, unemployment can impact an individual's sense of identity, self-worth, and social standing within their community.
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(HELP PLS!)
What are some hazards in Modeling?
Answers
Answer:
Some hazards could be starvation (with some agencies), you could slip and fall, cross contamination from sharing things, sexual dangers, stalking and stuff like that.
Answer:
health risk
financial risk
traveling risk
What might be the short run impact of a completely open immigration policy that allowed labor to move freely across the U.S. border
Answers
Answer:
it will be harder to stop drugs and illegal weapons from coming into the US due to the fact that there would be no checks and if there was it would be easier to scope out the people with and without identification
which of the following statements is correct true regarding the pcaob? the pcaob is a nonprofit corporation, not an agency of the u.s. government. the pcaob will have five financially literate members who are prominent individuals of integrity and reputation with a commitment to the interests of investors and the public. the pcaob has authority to set standards related to public company audit reports and to conduct inspections of registered external audit firms. all of the above. none of the above.
Answers
Option d: The provided all the three statements about PCAOB are true about the PCAOB.
The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board (commonly known as the PCAOB), a private, nonprofit corporation, to regulate accountants who produce independent audit reports for publicly traded firms.
The PCAOB is a nonprofit organisation rather than a US government body.
There will be five financially literate members of the PCAOB who are well-known figures of integrity and reputation who are dedicated to the interests of the public and investors.
The PCAOB is able to conduct audits of certified external audit firms and set requirements for public business audit reports.
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Complete question:
Which of the following statements is correct true regarding the PCAOB?
The PCAOB is a nonprofit corporation, not an agency of the U.S. government.
The PCAOB will have five financially literate members who are prominent individuals of integrity and reputation with a commitment to the interests of investors and the public.
The PCAOB has authority to set standards related to public company audit reports and to conduct inspections of registered external audit firms.
All of the above.
None of the above.
Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the________
phase of the financial life cycle.
Fill in the blank
Answers
Answer:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
Explanation:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
which one of the following statements regarding the economic order quantity (eoq) is true? group of answer choices if an order quantity is smaller than the eoq, then the annual holding cost is slightly lower and the annual ordering cost is slightly higher. the eoq model combines several different item orders to the same supplier. the eoq model assumes a variable demand pattern. when the holding cost rate drops, both the annual holding cost and the eoq decrease.
Answers
In the event that an order quantity exceeds the EOQ, the yearly holding cost for cycled inventory is greater than the yearly ordering cost.
What does EOQ and how is it calculated?The EOQ formula looks like this. EOQ is calculated as [((2 x demand x inventory costs) / carrying cost] squared. Demand. According to the EOQ's presumptions, the demand is unchanged. Demand is determined by how many units were sold annually or the amount of inventory is used annually.
What justifies your use of EOQ?Economic Order Quantity is, by definition, a formula for determining inventory stocking levels. Its main objective is to assist a business in lowering costs and keeping an even amount of inventory. Variable annual use amount, order cost, and warehouse holding cost are used by EOQ.
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A company reported total stockholders' equity of $435,000 on its Dec 31, 2018, balance sheet. The following information is available for the year ended Dec 31, 2019: Revenues: $930,000 Expenses: 495,000 Liabilities, on Dec 31. 2019: 216,000 What are the total assets of the company on December 31, 2019?
Answers
The total assets of the company on December 31, 2019, are $1,086,000.
To find the total assets of the company on December 31, 2019, we can use the accounting equation:
Total Assets = Total Liabilities + Stockholders' Equity
Given information:
Total stockholders' equity on Dec 31, 2018 = $435,000
Revenues for the year ended Dec 31, 2019 = $930,000
Expenses for the year ended Dec 31, 2019 = $495,000
Liabilities on Dec 31, 2019 = $216,000
To calculate the change in stockholders' equity for the year 2019, we need to consider the net income (revenues - expenses): Net Income = Revenues - Expenses
Net Income = $930,000 - $495,000
Net Income = $435,000
Now, let's calculate the stockholders' equity on December 31, 2019:
Stockholders' Equity on Dec 31, 2019 = Stockholders' Equity on Dec 31, 2018 + Net Income - Dividends
Stockholders' Equity on Dec 31, 2019 = $435,000 + $435,000 - Dividends
Since the information about dividends is not provided, we'll assume no dividends were paid. Therefore:
Stockholders' Equity on Dec 31, 2019 = $870,000
Finally, we can calculate the total assets:
Total Assets = Total Liabilities + Stockholders' Equity
Total Assets = $216,000 + $870,000
Total Assets = $1,086,000
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