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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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Answer:

The correct answer to the following question will be "S​he enhanced her brand image".

Explanation:

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So that the above is the right answer.

3 0
4 years ago
Function of commerce​
tia_tia [17]

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Explanation:

6 0
3 years ago
Read 2 more answers
Which of the following statements about setups is FALSE? Group of answer choices Setup time is dependent on the number of units
Nadusha1986 [10]

Answer: Setup time is dependent on the number of units subsequently produced.

Explanation:

It should be noted that a setup is a required activity and a set of activities. A setup time is also referred to as the changeover time.

The statement that "Setup time is dependent on the number of units subsequently produced" is false. The setup time refers to the interval that is needed to adjust the machine settings in order to make it ready to process a job. The setup time isn't dependent on the number of units that's subsequently manufactured.

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3 years ago
Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good
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Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good are called common-pool goods/resources.

Some examples of common-pool resources are forests, rivers, fishing areas (manmade or nature made). Common-pool goods refers to goods that are available to a group of people and not just an individual.  
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The Cash account of Safe and Secure Security Systems reported a balance of $2,490 at May 31, 2011. There were outstanding checks
Alja [10]
Book Balance :             $2,490                        Bank Balance:           $3,360
Add:                                                              Add:
Ryan Saar payment          680                         Deposits in Transit          300   
Interest Revenue                 10     
Less:                                                            Less:
Service Charge                ($20)                       Outstanding Checks       (500)
                             ===========                                              ==========
Cash Balance              $3,160                        Bank Balance            $3,160

*The payment made by Ryan Saar was directly deposited to the bank; therefor, it is not yet recorded in the company books. The same with the Interest Revenue Earned and Service Charge Fees.

*The Deposits in Transit and Outstanding Checks are not yet recorded in the bank because the deposits are still in transit while the outstanding checks are not yet cashed; however, these items were already recorded in the company books.
5 0
4 years ago
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