Answer:
Lamp lighter
Explanation:
Very few exist today as most street lighting has long been replaced by electric lamps.
Jake Skinner used a "Single Lump Sum Credit", which means he pays a single sum instead of paying over time.
Answer:
Cleans current ratio is = 2.71
Explanation:
The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations.
Current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle.
Current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer.
Current ratio = current assets ÷ current liabilities.
From the question above;
Current assets;
Cash $600
Account receivable $900
Office supplies $400
Total $1900
Current liabilities;
Account payable $500
Salaries payable $200
Total $700
Current ratio = 1900 ÷ 700
Current ratio = 2.71
Answer:
It will take 6 years to generate an amount of 1,925
Explanation:
1,925 - 1,300 = 625 interest
Then we calcualte the interest
We post our know values and sovle for time
1,300 x 0.08 x time = 625
625/(1,300x0.08) = time 6.0096 = 6 years
Answer:
$235,000
Explanation:
The computation fo the safety margin is shown below:
As we know that
Margin of safety = Expected sales - break even sales
where,
Expected sales is
= 29,000 units × $50
= $1,450,000
And, the break even sales is
= Fixed cost ÷ contribution margin per unit
= $486,000 ÷ ($50 - $50 × 0.60)
= $486,000 ÷ $20
= 24,300 units
And, the selling price is $50
So the break even sales is
= 24,300 units × $50
= $1,215,000
So, the safety margin is
= $1,450,000 - $1,215,000
= $235,000
