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Nat2105 [25]
3 years ago
5

A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 58,000 Current liabil

ities $ 93,000 Accounts receivable 73,000 Long-term liabilities 44,000 Inventory 78,000 Common stock 118,000 Equipment 163,000 Retained earnings 117,000 Total assets $ 372,000 Total liabilities and equity $ 372,000a. 0.37 b. 2.25 c. 0.58 d. 0.63 e. 1.41
Business
1 answer:
aleksley [76]3 years ago
8 0

Answer:

Option D. 0.63

Explanation:

Equity ratio can be calculated by dividing Total equity and total

assets as given in the question

DATA

Total assets = $372,000

Total Equity and liabilities = $372,000

Solution

Total equity = total assets - total liabilities

Total equity = $372,000 - $93,000 - $44,000

Total equity = $ 235,000.

Equity Ratio = Total Equity / Total Asset.

Equity Ratio = $ 235,000 / $ 372,000

Equity Ratio = 0.63.

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Delta Construction Corporation, a general contractor, hires Eagle Electrical Company, a subcontractor, to wire a new office buil
nignag [31]

Answer: excused by Delta's failure to pay.

Explanation:

Delta Construction Corporation hires Eagle Electrical Company, as a subcontractor, to wire its new office building. After the completion of the work, Eagles is owed more than $50000.

Eagle's suspension of work is most likely due to the excuse by Delta's failure to pay. Delta has a right to pay up the money owed to Eagle. Lack of payment can lead to court cases.

3 0
3 years ago
Jake paid $9840 in interest on his interest-only home loan last year. If
pogonyaev
$250,000

$1,458 x 12
Months = 17,496
17,496/0.07
=$249,942
3 0
3 years ago
In a sales mix situation, at any level of units sold, net income will be higher if more fixed expenses are incurred. more higher
svet-max [94.6K]

Answer:

at any level of units sold, net income will be higher if more higher contribution margin units are sold than lower contribution margin units.

Explanation:

When products with high margins are sold, profit is made and net income becomes higher. For lower contribution margin units sold to make an impact on the net income, many more units must be sold. However, in cases where units with higher contribution margin are sold, net income is positively affected.

7 0
4 years ago
Which of your needs are not being met by businesses and/or nonprofit organizations in your area? Are there enough people with si
mash [69]

The needs that are not being met by business are man power,funds and strategy planning.The non-profit organization are funds.Yes, If you speak to entrepreneurs or non-profit organization they would call and talk about the funds.To find out meet friends whose dad run  businesses and donate at least $10 to an non profit organization.

Explanation:

  • Business has categories, Big caps, mid caps and small caps.
  • Big cap( Organization with huge business like MC Donald.
  • Mid caps ( Organization with employees about 500)
  • Small caps ( SME small medium enterprise about 5 - 10 employees)
  • Small scale enterprises have bigger problems they are not sustained.
  • They run with employees who are not strategically smart and limited
  • To start  entrepreneurs must have land, labor,capital and organization.
  • They are having minimum of that which is the important part.
  • Non-Profit organization have categories to they known and unknown.
  • The known ones are funded with bigger organization.
  • The unknown ones are not but yet there could be differences.
  • The Non-profit organization fights,poverty, female gender for basic.
  • Necessity which is apparently still a big problems.
4 0
3 years ago
Benefit payments made on a ____________ basis are not scheduled, but are based on the average fee charged by all doctors in a gi
Ugo [173]

Answer:

Benefit payments made on a usual, customary and reasonable (UCR) basis are not scheduled, but are based on the average fee charged by all doctors in a given geographical area.

Explanation:

Benefit payments can be described as a government payment to specific people in the society who are disadvantaged in one way or the other. Benefit payments can be made to the; unemployed, people with children, the aged, people who are ill and even the poor. Benefit payments is a practice that is anchored in law that aims at protecting the economically vulnerable in the society. There are different types of benefit payments that exist. In this particular question, we will consider UCR payments.

The UCR payments falls under the health and welfare plans, and can be defined as benefit payments that are not scheduled  but are based on the average fee charged by all doctors in a given geographical area. A benefit payment that is not scheduled means that it doesn't have a specific amount attached to it, but depends on the location. This is because health services charges vary from one geographical position to the next. One can be offered different medical charges in different locations due to a distinction in geographical area. The same geographical areas however, have an average amount of fee that is specific to that area. In benefit payments, this average amount is what is often payed to the beneficiary.

3 0
4 years ago
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