Answer:
1. Maria and John Net Worth
Total assets
Monetary assets 4,060
Tangible assets 35,800
Investment assets <u>15,005</u>
<u> 54,865</u>
Total liabilities
Short term liabilities 3,690
long term liabilities <u>27,350</u>
<u>
31,040 </u>
Net Worth = Total asset - Total liability
Net Worth = 54865 - 31040
Net Worth = $23,825
2. Maria and John Surplus for the year = Annual Gross Income - Annual expenses
= 48000 - 46800
= $1200
3. Assets to debt ratio = Assets / Debt
Assets = 54,865; Debt=31040
= 54,865 / 31,040
= 1.77
4. Investment assets to Total assets ratio
Investment assets = 15005; Total assets = 54865
=15,005 / 54,865
= 0.27
Answer:
1.55
Explanation:
Total assets:
= Total Current Assets + Other Assets + Property, Plant, and Equipment
= 25,680 + 45,600 + 249,000
= $320,280
Total liabilities:
= Total Current Liabilities + Long-term Liabilities
= $51,670 + $143,010
= $194,680
Stockholder's equity:
= Total assets - Total liabilities
= $320,280 - $194,680
= $125,600
Debt to equity ratio:
= Total liabilities ÷ Stockholder's equity
= $194,680 ÷ $125,600
= 1.55
Answer:
$266,647
Explanation:
Total Moves = sum of total expected material moves of modular homes and prefab barns
= 580 + 180
= 760 Moves
Material handling cost allocated to Modular homes:
= (Expected total materials handling cost ÷ Total moves) × total expected material moves of modular homes
= ($349,400 ÷ 760) × 580
= $266,647
If the materials handling cost is allocated on the basis of material moves, the total materials handling cost allocated to the modular homes is closest to: $266,647
Answer:
Annual depreciation= $5,000
Explanation:
Giving the following information:
Purchasing price= $33,000
Salvage value= $3,000
Useful life= 6 years
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (33,000 - 3,000)/6
Annual depreciation= $5,000
