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1 year ago

A firm has total debt of $1,380 and a debt-equity ratio of .23. what is the value of the total assets?

1 answer:

6 0

A company has a debt-to-equity ratio of.23 and total debt of $1,380. The overall assets have a value of $7,380.00.

What Is a Debt?

When one party borrows something—usually money—from another, it is said to be in debt. Many companies and people borrow money to pay for significant expenses that they otherwise wouldn't be able to cover. A debt agreement allows the borrower to take out a loan with the condition that it will be paid back later, usually with interest.

Loans, including credit card debt, auto loans, personal loans, and mortgages, are the most prevalent kind of debt. A loan's terms stipulate that the borrower must pay back the loan's remaining balance by a particular deadline, usually several years down the road.

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How auto insurance companies manage risk ?<br>

Nana76 [90]

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Answer:

Insurance companies manages risk by balancing the low-risk drivers and the high-risk drivers. Insurance would charge higher rates for high risk drivers.

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Explanation:

Insurance companies manages risk by sorting out the people who have a lower chance of risking a crash, with people who have a higher chance of risking a crash. They do this by charging low rates to the people that have a lower chance of causing a risk. They charge them low because they are trustworthy, and don't need to rack up a lot of money quick if they ever get into a crash. Remember, insurance makes people pay monthly so they could use that money in a accident.

But, this is different for people with higher risk. People that have a high risk of getting into an accident would be charged with a higher rate than people with lower risk. Insurance companies charge them with higher rates because since higher risk drivers get are more likely to get into an accident, insurance companies want to make sure that they can get the money for the accident as soon as possible. Insurance companies are the ones that pay for the accident, and that's why most places require you to have insurance while you drive.

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4 0

4 years ago

Read 2 more answers

Net sales revenue is $720,000. Beginning and ending net accounts receivable are $62,000 and $58,000, respectively. Calculate the

neonofarm [45]

Based on the sales revenue and the net accounts receivable, the receivables turnover ratio is 12 times .

<h3>What is the receivables turnover ratio?</h3>

This can be found as:

= Net sales revenue / Average accounts receivable

Solving give:

= 720,000 / (62,000 + 58,000) / 2

= 720,000 / 60,000

= 12 times

Find out more on receivables turnover ratio at brainly.com/question/27523896.

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5 0

2 years ago

Many hiring managers in information security prefer to recruit a security professional who already has proven hr skills and prof

Paha777 [63]

<span>Information Security Specialists are hard to come by especially the ones with the proven experience and track record. Considering our times where online security is a major threat for governments and organisations, having an experienced individual who can act rather than some one who is inexperienced is of more value, hence there being a huge demand for them.</span>

8 0

3 years ago

The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: Depreciation on

ELEN [110]

Answer:

80,000

Explanation:

Cost data of the month of May was taken from Terrence manufacturing company

The manufacturing cost incurred during the month can be calculated as follows

= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment

= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000

= 80,000

Hence the manufacturing cost incurred during the month is 80,000

5 0

3 years ago

North Shore Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $138,000 Direct

BlackZzzverrR [31]

Answer:

The multiple choices are as follows:

A. $313,200 B. $223,000 C. $71,000 D. $242,200

The correct option is D,$242,200

Explanation:

Variable costs are costs that vary with the level of output such as the direct labor cost,direct material costs including the packaging costs since the more the output produced the more packaging materials that would be required.

Total variable costs=direct labor cost+direct material cost+packaging costs

direct labor cost is $138,000

direct material cost is $85,000

packaging cost is $19,200

total variable cost=$138,000+$85,000+$19,200=$242,200.

depreciation ,factory insurance as well as the salaries are fixed costs.

5 0

3 years ago