Answers
Answer:
2.29%
Explanation:
The computation of the debt to equity ratio using book value of equity is as follows;
As we know that
Debt to Equity Ratio = Debt ÷ Equity
where,
Debt = $239.7 + $10.7 + $39.9
= $2901.1
And, equity is $126.6
Now
Debt to Equity Ratio is
= $290.1 ÷ 126.6
= 2.29%
Related Questions
he 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long-term debt of $2.95 million. The 2015 income statement showed an interest expense of $140,000. The 2014 balance sheet showed $460,000 in the common stock account and $3.2 million in the additional paid-in surplus account. The 2015 balance sheet showed $500,000 and $3.5 million in the same two accounts, respectively. The company paid out $500,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,320,000, and that the firm reduced its net working capital investment by $59,000. What was the firm’s 2015 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Answers
Answer: $1,311,000
Explanation:
Operating Cashflow = Cashflow from Assets + Capital spending + changes in Net working capital
Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders
Cashflow to Creditors = Interest paid - Change in long term debt
= 140,000 - (2,950,000 - 2,700,000)
= -$110,000
Cashflow to Stakeholders
= Dividends paid - New equity issue
= 500,000 - ((500,000 + 3,500,000) - (460,000 + 3,200,000))
= $160,000
Cashflow from Assets = -110,000 + 160,000
= $50,000
Operating cashflow = 50,000 + 1,320,000 + (-59,000)
= $1,311,000
Indicate the Debits and Credits for the following:
Depreciation for the period was $100,000 of which $12,000 is related to the factory building and equipment while the remaining and $88,000 is related to the headquarters office building.
Answers
Answer:
Debit: Depreciation expense 100000
Credit: Accumulated depreciation - Factory building & equipment 12000
Credit: Accumulated depreciation - Office building 88000
Explanation:
The following double entry will be passed to record the given transaction in the question.
Depreciation expense 100000 Dr
Accumulated depreciation - Factory building & equipment 12000 Cr
Accumulated depreciation - Office building 88000 Cr
So we can tell from this entry that depreciation expense will be debited and the accumulated depreciation account for factory building and equipment and accumulated depreciation account for office building will be credited.
Gary decides to start his own business. His next best alternative was to accept a job with a different company that would have paid him $60,000 per year. During its first year of operation, Gary's new business brings in $300,000 in total revenue at a total accounting cost of $230,000. What was Gary's economic profit during his first year in business?
Answers
Answer:
$10,000
I think
Explanation:
The term _____ indicates that the product is novel to the individual who made it, but known to everyone else. Group of answer choices
Answers
Answer: Reinvention
Explanation:
The term that indicates that the product is novel to the individual who made it, but known to everyone else is referred to as reinvention.
Reinvention is the action whereby q particular product is changed and that product appears to be a new product entirely.
g Rushing had net income of $240 million and average total assets of $2,000 million. Its return on assets (ROA) is:
Answers
Answer:
0.12
12%
Explanation:
Return on Asset = Net income / average total asset
$240 million / $2000 million = 0.12 =12%
what are the three most important ethical principles that you feel organizations should adhere to in terms of their staffing philoshophies
Answers
Answer:
fairness, honesty, integrityExplanation:
The three most important ethical principles that should guide all organizational activities are fairness, honesty and integrity. Currently we live in a globalized and multicultural business scenario, where there is an intense flow of information and a lot of competitiveness, so it is necessary that organizations seek to adapt their strategic planning to this new reality, where corporate governance is an essential parameter of relationship with a company by many stakeholders.
The fairness, honesty and integrity of the company will help it to maintain an internal environment focused on the development of skills and an organizational culture based on ethics and respect for all employees, regardless of their individual values or hierarchical position. These ethical principles will also help the organization to have a good image in the market, to attract greater reliability and transparency in the processes.
If $1000 is invested at 6% interest, compounded annually, then after n years the investment is worth an
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $1,000
Annual interest rate= 6% = 0.06
Number of periods= n
To calculate the future value after "n" periods, we need to use the following formula:
FV= PV*(1+i)^n
For example:
n= 6 years
FV= 1,000*(1.06^6)
FV= $1,418.52
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labor. Fabric costs $110 a bolt and labor costs $20 an hour. Is it possible for both methods to be economically efficient
Answers
Answer:
No, because the second method has lower total costs of production.
Explanation:
In a bid to make profits businesses must always compare different processes and choose the cheapest one.
This will eventually reflect in the profitability of the business.
In this instance let's get the cost of each process.
Fabric costs $110 a bolt and labor costs $20 an hour.
The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour
Total cost = (100 bolts * 110) + (1500 * 20)
Total cost = $41,000
For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour
Total cost = (150 *110) + (1000 * 20)
Total cost = $36,500
As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker
ou owe your credit company $25,000 and plan to make no payments on your credit card for 1.0 year. Due to your current credit score, your credit card company charges you an APR of 30.0%. If, however, you took immediate measures to improve your credit score by 100points, your credit card company agrees to improve your APR by 5.0%. Assuming you are then unable to make any payments for 12 months, how much money would you save by taking immediate actions to improve your credit score
Answers
Answer: $1,603.93
Explanation:
APR is monthly so figures have to be adjusted to monthly figures for a year.
If you fail to improve your credit score, the interest you will pay is:
= 25,000 * [(1 + 30%/12)¹² - 1]
= $8,622.22
If you improve your credit score, your APR will decrease to 25.0% from 30%.
Interest paid would be:
= 25,000 * [(1 + 25%/12)¹² - 1]
= $7,018.29
Savings = 8,622.22 - 7,018.29
= $1,603.93
Answer:
1,603.93
Explanation:
7. Problems and Applications Q7 A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.28 per hour in December 2000 and $21.26 in December 2015. By what percentage did the price of a dozen eggs rise
Answers
Answer: 187%
Explanation:
The percentage increase in the price of dozen egg would be:
= ( 2.75-0.96) × 100/ 0.96
= 1.79 × 100 / 0.96
= 186.45%
The percent increase in the price of dozen egg = 187%
Which of the following tips can help you engage the audience as you speak?
A. Budgeting time
B. Using notecards
C. Speaking quietly
D. Eye contact
Answers
Answer:
D. Eye Contact
Explanation:
The answer D. Eye contact because that is an essential thing to help you engage with your audience when you are doing a speech.
Answer:
D. eye contact
Explanation:
on edge
You receive five annual cash flows of $10,000 with the first cash flow being received today and the last cash flow occurring 4 years from today (i.e., there are 5 total cash flows). You place each $10,000 cash flow into the bank as soon as you receive it. The bank's APR (r) is 6% and compounding is done on an annual basis. Ten years from today, you take all your money out of the bank. How much total do you have
Answers
Answer:
FV= $75,437.02
Explanation:
Giving the following information:
Number of cash flows= 5
Cash flow= $10,000
Total number of periods= 10 years
Interest rate= 6% compounded annually
First, we need to calculate the future value of the 5 cash flows in 5 years using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {10,000*[(1.06^5) - 1]} / 0.06
FV= $56,370.93
Now, the value at the end of 10 years:
FV= PV*(1+i)^n
FV= 56,370.93*(1.06^5)
FV= $75,437.02
Sage Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $384,300. The estimated fair values of the assets are land $73,200, building $268,400, and equipment $97,600. At what amounts should each of the three assets be recorded
Answers
Answer: See explanation
Explanation:
The following can be calculated from the information given:
Total Asset Fair Value which will be:
= Land + Building + Equipment
= 73200 + 268400 + 97600
= $439200
Recorder Amount will now be:
Land = 73200 / 439200 × 384300
Land = 64050
Building = 268400 / 439200 × 384300
Building = 234850
Equipment = 97600 / 439200 × 384300
Equipment = 85400
If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)
Answers
Answer:
The owner withdrew $8,300
Explanation:
As per given Data
_______________ Assets ____Liabilities
Beginning of Year: $25,000 ___$17,000
End of Year: _____$62,000 ___$27,000
First, we need to the Beginning and Ending Equity value using following formula
Equity = Assets - Liabilities
Beginning Equity = Beginning Assets - Beginning Liabilities
placing values in the formula
Beginning Equity = $25,000 - $17,000 = $8,000
Ending Equity = Ending Assets - Ending Liabilities
placing values in the formula
Beginning Equity = $62,000 - $27,000 = $35,000
Now use the following formula to calculate the amount of drawing
Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal
Placing values in the formula
$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal
$35,000 = $43,300 - Owner withdrawal
Owner withdrawal = $43,300 - $35,000
Owner withdrawal = $8,300
Your voice mail greeting should include _____. Select all that apply. A. your name and your company's name B. an indication of when the caller can expect to hear from you C. a summary of the purpose for your call D. the phone number of a colleague who may be able to help the caller
Answers
Answer:
A,B AND D ARE CORRECT
Explanation:
In case of urgency when voice mail greeting should include basic things is name and the company name. when they can expect to hear and the phone number of someone who can immediately help in case of urgency. So that here the correct option are here A , B and DBy evaluating cost and benefits using competitive market prices, we can determine whether a decision will make the firm and its investors wealthier. This central concept is called:
Answers
Answer:
valuation principle
Explanation:
The basis concept behind the valuation principle is that the value of an asset is determined by the market. If an investor is evaluating any type of new project, he/she must use market prices in order to determine whether this new project will make him/her wealthier. E.g. the price of art works is determined by the amount of money that someone is willing to pay for it, not by the fact that you like it or not.
Marigold Inc. purchased land at a price of $29,900. Closing costs were $2,650. An old building was removed at a cost of $12,030. What amount should be recorded as the cost of the land
Answers
Answer:
$44,580
Explanation:
Given that ;
Purchased price = $29,900
Closing costs = $2,650
Cost of removing old building = $12,030
The amount that should be recorded as the cost of the land
= Purchased price + Closing costs + Cost of removing the old building
= $29,900 + $2,650 + $12,030
= $44,580
At December 31, , Products has cash of , receivables of , and inventory of . The company's equipment totals . owes accounts payable of and long-term notes payable of . Common stock is .
Answers
Complete Question:
At December 31, 2018, Thompson Products has cash of $23,000. receivables of $15,000, and inventory of $78,000. The company's equipment totals $181.000. Thompson owes accounts payable of $20,000 and long-term notes payable of $174,000. Common stock is $33.500. Read the requirement. Start with the heading and then complete the assets section of the statement. Finally complete the liabilities and stockholders' equity section of the statement. (Classify the balance sheet by selecting the proper title on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders' equity section of the balance sheet. If a box is not used in the table leave the box empty: do not select a label or enter a zero.)
Answer:
Thompson Products
Thompson Products
Classified Balance Sheet
As of December 31, 2018:
Assets
Current Assets:
Cash $23,000
Account receivables 15,000
Inventory 78,000
Total current assets $116,000
Non-Current Assets:
Equipment $181,000
Total assets $297,000
Liabilities + Equity
Liabilities
Current Liabilities:
Accounts payable $20,000
Long-term Liabilities:
Long-term notes payable $174,000
Total liabilities $194,000
Equity:
Common stock $33,500
Retained earnings 69,500 $103,000
Total liabilities + equity $297,000
Explanation:
a) Data and Calculations:
Cash $23,000
Account receivables $15,000
Inventory $78,000
Equipment $181,000
Total assets $287,000
Accounts payable $20,000
Long-term notes payable $174,000
Common stock $33,500
Retained earnings (missing) $69,500
Total Liabilities + Equity $297,000
b) Typically, a balance sheet is classified into Assets, Liabilities, and Owners' Equity in accordance with the accounting equation. Each category is made up of current and non-current, with the exception of the owners' equity, which is made up of owners' capital and retained earnings. According to the accounting equation, assets = liabilities + equity. And this equation holds true for each business transaction.
On December 29, 2022, James Company sold a debt security that had been purchased on January 4, 2021. James owned no other debt securities. An unrealized holding loss was reported in the 2021 income statement. A realized gain was reported in the 2022 income statement. Was the debt security classified as available-for-sale and did its 2021 market price decline exceed its 2022 market price recovery
Answers
Answer: No; No.
Explanation:
A debt security is referred to as a debt that can be either purchased or sold in the market between the parties involved before such debt matures.
In this scenario, we should note that the debt security was not classified as available-for-sale and also the 2021 market price decline did not exceed more than the 2022 market price recovery.
Therefore, the answer is No; No
If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,000 during the same period, the assets of the business must have:
Answers
Answer:
the assets of the business must have increased by $45,000
Explanation:
It is important to remember that the Accounting Equation is stated as :
Assets = Equity + Liabilities
From the Information the amounts an be established as :
Liabilities = + $75,000 (increase)
Equity = - $30,000 (decrease)
Thus, substituting these amounts and taking careful considerations at the signs they carry the effect on the Assets can be determined as :
Assets = - $30,000 + $75,000
= + $45,000
We have arrived at a positive amount. Therefore, the assets of the business must have increased by $45,000
Which of the following is the best example of a pure service?
counseling
oil change
heart transplant
electric Co-Op
restaurant
Answers
Answer:
counseling
Explanation:
the service of counseling is not tangible
After a few days of orientation and getting to meet with other managers and employees in the company, what should be Mike's first priority in the business unit
Answers
Answer: Request a meeting with Betty, the previous manager
Explanation:
When assuming a role in an organization it's best to get in touch with the previous manager or head of the department you want to assume and get to know how the office was ran before now that you're about to take over the position. This gives you a platform or a ground on which you as the new manager can work on or work with.
The first priority Mike should look into is meeting with the previous manager, Betty, so she can give him guidance and information
Mike's first priority in the business unit after some days of orientation of the company is to Set up a meeting with employees in his production line.
Production line:It's miles an association of machines or series of operations worried with one production operation or manufacturing process, Product line is a collection of associated merchandise all advertised below a single emblem call this is offered with the aid of using the similar/identical company,Companies promote more of product traces below their diverse emblem names, looking for to differentiate them from every different for higher usability for consumers.
Therefore, the Mikes first priority in the business unit is to Set up a meeting with employees in his production line.
Learn more about production refer:
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The CFO of US company Tin Man Corp. knows that under IFRS, foreign currency translations starts with identifying the functional currency for parent and the foreign operations, then translating backwards into functional currency and then translating further into presentational currency. Tin Man is listing its stock exchange and presenting its financial statement under IFRS. The CFO forgets the IFRS rules of translations. She is:
Answers
Answer: Not compliance with the IFRS
Explanation:
From the question, we are informed that when Tin Man is listing its stock exchange and presenting its financial statement under IFRS, the CFO forgets the IFRS rules of translations, thus simply means that she is not compliance with the IFRS.
Even though no fraud has been committed, the fact that she didn't follow the IFRS rules with regards to translation shows that she hasn't followed IFRS and therefore didn't comply with the IFRS.
Suppose the price level and value of the U.S. dollar in year 1 are 1 and $1, respectively. Instructions: Enter your answers rounded to 2 decimal places. a. If the price level rises to 1.10 in year 2, what is the new value of the dollar
Answers
Answer:
the new value of the dollar is $0.91
Explanation:
a. The computation of the new value of the dollar is given below:
= Dollar ÷ increase in price
= $1 ÷ 1.10
= $0.91
Hence, the new value of the dollar is $0.91
It could be determined by applying the above formula so the new value of the dollar could be come and in correct way
Look up the names of the largest contractors reported by ENR in its three main categories: Heavy and highway, nonresidential building, and multiunit housing. Notice that the list also includes their ranking for the previous years. Were the contractors the largest the previous year?
Answers
Answer:
1. Bechtel, Reston, Va - Heavy and Highway
2. Fluor Corp, Irving, Texas - Multiunit housing
3. Turner Corp, New York - Non Residential Building
Explanation:
Engineering News Record (ENR) is the American magazine which is widely used by analysts and businessmen. This magazine is considered for its reliability and this is considered as most authoritative publication. It ranks the contractors in different categories. The rankings of the magazine may be different for the contractors every year.
Explain why zoning laws, which allow certain land uses only in specific locations, might be justified in dealing with a problem of negative externalities. Explain why tax breaks to businesses that set up in areas of high unemployment might be justified in view of positive externalities. Explain why ex- cise taxes on beer might be justified in dealing with a prob- lem of external costs.
Answers
Answer:
(A) Zoning Laws: As certain activities generate negative externalities to neighbors zoning prevents this. As the factory noises and smells are taken away. Also, the traffic of large trucks going towards the factory to provide raw materials and taking finished goods.
As a side note, it also creates positive externalities when commercial zoning is applied as generates more trade value
(B) tax breaks: The tax-break decreases the financial cost of operation in the are making profitable more project thus, giving more attraction to investment to generate jobs and lower unemployment in the area.
(C) excise tax is levied on manufacturing: As beer generates alcoholism, beer producers don't have to deal with it. There is a social cost not included in the brewing process. Thus, the excise tax represents that.
This type of tax usually has a specific destination to engage in the social cost. In this case, alcoholism.
Explanation:
The answer is the explanation.
Answer 1:
The zoning laws, which allow certain land uses only in specific locations, might be justified in dealing with a problem of negative externalities :
Zoning prevents this because certain activities create negative externalities for neighbors. Removes factory noise and odors. Also, the traffic volume of heavy trucks driving towards the factory to provide raw materials and receive finished products.Answer 2 :
The tax breaks to businesses that set up in areas of high unemployment might be justified in view of positive externalities :
Tax incentives are the finance of more profitable projects. Reduce operating costs and make investment more attractive, job creation and unemployment rates are low in the region. Excise tax is levied on.Answer 3:
Excise taxes on beer might be justified in dealing with a problem of external costs:
Manufacturing the Beer causes alcoholism, so beer makers don't have to deal with it. There are social costs not included in the brewing process. So this is an excise tax. This type of tax usually has the specific purpose of covering social costs.Learn more :
https://brainly.com/question/10699194?referrer=searchResults
The most important source of oligopoly is: economies of scale. government-created barriers. technological superiority. all of the above.
Answers
Answer:
economies of scale
Explanation:
Economies of scale are the result of increasing returns to scale, this means that the higher the output, the lower the production costs per unit. This means that large producers will have an advantage over smaller producers which will eventually allow them to make more profits and sell at lower prices. After a while, only large producers that are able to manufacture goods at a low price will exist, e.g. car manufacturers.
Aiden and Sophia are married and they have always filed Married Filing Jointly. Aiden died May 5, 2020 at the age of 58. Sophia, age 56, has not remarried. Aiden earned $5,000 in wages and Sophia earned $51,000 in wages. Sophia paid all the cost of keeping up a home and provided all the support for their two children, Mia and Oliver, who lived with them all year. Mia is 11 years old and Oliver is 15 years old. Sophia does not have enough deductions to itemize, but she did make a $500 cash charitable contribution to a qualified charitable organization in tax year 2020. Aiden, Sophia, Mia, and Oliver are all U.S. citizens with valid Social Security numbers. 5. What is most advantageous filing status allowable that Sophia can claim on the tax return for tax year 2020
Answers
Answer:
Married filing jointly
Explanation:
Since Sophia is a widow and did not remarry during 2020, she can still file as married filing jointly. She can do that for up to two years after her spouse (Aiden) died, as long as she doesn't remarry.
The standard deduction for married filing jointly is $24,800 for 2020, which is much higher than single filers or heads of household.
Define ethics, and describe the role that it plays in discretionary decision making. Give an example.
Answers
Explanation:
Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.
In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.
ead the news clip, then answer the following question.Each of the gas stations mentioned in the news clip faces a demand that is _____.
Answers
Answer: d. highly elastic
Explanation:
Elasticity is a measure of the responsiveness of quantity demanded to a change in price. An elastic good for instance, will see its quantity demand drop if its price increases.
In the above scenario, when one gas station increases prices, less people demand their fuel. The reverse is true. This therefore means that the demand for both of their stations is highly elastic because them changing prices hugely affects the number of people that will come to patronise them.