Solution :
Expected sales = current sales x (1 + projected sale next year increase)
= 5,700 x (1 + 15%)
= $ 6555
Expected cost = current cost x (1 + projected sale next year increase)
= 4200 x (1 + 15%)
= $ 4830
Taxable income = 1500 x ( 1 + 15%)
= $ 1725
Taxes (34%) = 510 x (1+15%)
= $ 586.5
Net income = sales - cost - taxes
= 6555 - 4830 - 586.5
= $ 1138.5
Calculation of total asset :
Current asset = 3,900 x 1.15
= $ 4485
Fixed asset = 8100 x 1.15
= $ 9315
Total asset = 4485 + 9315
= $ 13800
Calculation of total liabilities
Current liabilities = 2200 x 1.15
= $ 2530
Long term debt = $ 3,750
Equity = $ 6050 + (1138.5 x 0.50 )
= $ 7189
Total liabilities = $ 2530 + $ 3,750 + $ 7189
= $ 13, 469
Therefore the external financial needed is = $ 13800 - $ 13, 469
= $ 331
Answer:
Payment history, the number and type of credit accounts, your used vs. available credit and the length of your credit history are factors frequently used to calculate credit scores.
Explanation:
Answer:
Ans. the cost of the meal was $130.4
Explanation:
Hi, ok, the credit card is charging a 21% APR this means that the cost is 0.21/12 = 0.0175 monthly and the cash advance is 3%, so the associated fees to this $125 purchase are:
Interest fee
$125*0.0175= $2.19
Cash Advance fee
$125*0.03= $3.75
And the meal was $125, so the total cost of the meal was:
$125 + $2.19 + $3.75 = $130.94
Best of luck.
Answer:
current ratio:
C.2.6:1
Quick ratio:
1.9:1
Explanation:
Current Ratio measures the ability of a business to pay its short term debts.
Quick Ratio measures the ability of the business to measure the available of liquid assets to pay the immediate debts.
Current Assets = Cash + Cash at bank + Account Receivable + Prepayments + Inventory = $2,000 + $20,000 + $5,500 + $1,500 + $10,000 = $39,000
Current Liabilities = Account Payable + Wages Payable + Tax Payable = $12,000 + $1,500 + $1,500 = $15,000
Current ratio = Current assets / Current Liability = $39,000 / $15,000 = 2.6
Quick ratio = ( Current assets - Inventory )/ Current Liability = ( $39,000 - $10,000 ) / $15,000 = $29,000 / $15,000 = 1.9
