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3 years ago

14

As an employee of new hampshire industries, kathleen has an opportunity to invest pre-tax income in an employer-sponsored retire

ment plan. her employer will contribute 50 cents for every dollar that kathleen contributes to this fund. this is an example of a(n):

2 answers:

ch4aika [34]3 years ago

5 0

Answer:

401(k) Plan

Explanation:

nadezda [96]3 years ago

4 0

Payroll savings plan( psp)

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Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $

Margarita [4]

Answer:

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Explanation:

given data

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long-term debt = $198,375

total equity = $364.182

net fixed assets = $512,100

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profit margin = 6.2 percent

solution

we get here first current assets that is express as

current assets = Total assets - net fixed assets ...................1

put here value

current assets = $689,400 - $512,100

current assets = $177300

and now we get Current liabilities that is express as

Total liabilities = Total assets - Total equity .............2

Current liabilities + Long term debt = Total assets - Total equity

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Current liabilities = $689400 - $364182 - $198,375

Current liabilities = $126843

so here Current ratio will be

Current ratio = current assets ÷ Current liabilities .............4

Current ratio = $\frac{177300}{126843}$

Current ratio = 1.40

so correct option is B. 1.40

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