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kifflom [539]
1 year ago
6

when preparing a trial balance, there are certain steps that need to be followed. place the following steps in the correct order

.
Business
1 answer:
hjlf1 year ago
3 0

Answer:i don’t know why this is right, but i’m here to help and have to have a 20 word count minimum to submit

Explanation:

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Emma's Electronics Incorporated has total assets of ​$63 million and total debt of ​$39 million. The company also has operating
Annette [7]

Answer:

(a) 62%

(b) 3.83 times

(c) Yes

Explanation:

(a) Ellie's debt ratio:

= Total Debt ÷ Total assets

= $39 million ÷ $63 million

= 0.62 or 62%

(b) Ellie's times interest earned ratio:

= Interest ÷ EBIT

= $23 million ÷ ​$6 million

= 3.83 times

(c) Yes, it has enough times interest ratio.

If Interest expenses increased to $7 Million, then

Company could easily raise more debt to finance additional funding needs.

6 0
3 years ago
an unmarried taxpayer, has wages of $45,000. He has a significant amount of income from dividends and interest and therefore exp
Olin [163]

Answer: $8500

Explanation:

Since the total amount of estimated tax liability for 2018 is $18000 and the tax withholding is $9500$, then the balance tax payable for 2018 will be:

= $18000 - $9500

= $8500

Therefore, the minimum amount of total estimated tax that Randy must pay in 2018 in order to avoid a penalty for underpayment of estimated taxes will be $8500

8 0
3 years ago
Van lives in Miami and runs a business that sells guitars. In an average year, he receives $842,000 from selling guitars. Of thi
OlgaM077 [116]

Answer:

manufacturer --> explicit cost

wages and utilities --> explicit cost

implicit cost --> rent of the showroom

implicit cost --> accountant salary

Explanation:

Implicit cost:

A cost already occurred but not necessarily shown or reported as a separate expense. It represents the opportunity cost of internal resources used without explicit compensation. The loss of potential income. but not of profits.

Resuming Implicit cost comes from the use of an asset, rather than renting or buying it.

Explicit cost:

Is a cost that occurs, identificable  and accounted. It occurs during business operations and has a clearly defined dollar amount.

Explicit and implicit costs are utilized in the calculation of economic profit. They are used to determinate profitable of a business

3 0
3 years ago
When your suppliers increase the prices of your inputs, they increase your _____, and this will shift your supply curve to _____
Ahat [919]

The first blank should be filled with production cost, while the second blank should be filled with, downwards.

<h3>Supply Curve Dynamics</h3>

By convention, price is a function of demand and supply.

However, in case scenarios, when suppliers of inputs increase input prices, the manufacturer's production cost is increased and this in turn shifts the supply curve downwards.

Read more on supply curves;

brainly.com/question/26430220

6 0
3 years ago
Retailing attracts entrepreneurs because gaining experience and exposure in retailing is relatively easy.
GrogVix [38]
I believe that’s false because entrepreneurs create business opportunities by themselves
3 0
3 years ago
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