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4 years ago

11

When a company pays its bill from a plumber for previous services on account:(A) Its debt to equity ratio always decreases. Corr

ect
(B) Its current ratio always remains unchanged.
(C) Its working capital decreases.
(D) Its acid-test ratio always remains unchanged.

1 answer:

Daniel [21]4 years ago

8 0

The correct answer is B

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Suppose the tax rate on the first $10,000 of income is 0 percent; 10 percent on the next $20,000; 20 percent on the next $20,000

Mrrafil [7]

Answer:

A. $7500

Explanation:

First 10000 : 0%

Next 20000: 10%

Next 20000: 20%

Next 20000: 30%

Over 60000: 40%

Therefore income of $55000 would have a tax liability as such

First - 0% of 10000 = 0

Second - 10% of 20000=2000

Third - 20% of 20000= 4000

Fourth - 30% of 5000= 1500

Total tax liability (TTL)= 0+2000+4000+1500

TTL = $7500

6 0

4 years ago

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There are 6 cities (1-6) in Araxi County. The county must determine where to build fire stations. The county wants to build the

nikdorinn [45]

Answer:

a.

Look at the two attached figures please. The decision variables is the choice to build a fire station in which city.

So there are six decision variables each taking a value of either 0 or 1.

D1 = decision to build fire station in city 1, (1 denotes yes and 0 denotes no)

D2 = decision to build fire station in city 2, (1 denotes yes and 0 denotes no)

D3 = decision to build fire station in city 3, (1 denotes yes and 0 denotes no)

D4 = decision to build fire station in city 4, (1 denotes yes and 0 denotes no)

D5 = decision to build fire station in city 5, (1 denotes yes and 0 denotes no)

D6 = decision to build fire station in city 6, (1 denotes yes and 0 denotes no)

b.

Please look at attachment

C .

The figure 1 denotes the problem formulation in excel and shows all the formulas.

In first step, a matrix is prepared to denote all cities which are within 15 minutes by 1 and others by zero

A array of decision variables for selecting the city is shown. A 1 in cell implies that city is selected and 0 means the city is not selected.

A product of the selection variable and the value in the within 15 minutes matrix is calculated as shown by the formula.

The constraint is to ensure that all cities have at least one fire station mapped within 15 minutes.

d.

The problem is solved in Excel using integer programming and the solution is that City 2 and 4 should be selected for building fire stations and thus total no of fire stations are two with every city within 15 minutes.

Explanation:

3 0

3 years ago

The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000, and rental costs for t

maria [59]

Answer:

A. $71,200

Bi)$100,200

Bii)$100,200

Biii)$100,200

Explanation:

A. Preparation of an income statement for the shop based on thee estimates

INCOME STATEMENT

Revenues $236,000

Expenses:

Variable costs $69,000

Rental cost $49,000

Depreciation $29,000

Total Expenses $147,000

Tax profit $89,000

($236,000-$147,000)

Less Income Tax (at 20%) $17,800

(20%*$89,000)

Net Income $71,200

($89,000-$17,800)

Therefore Net Income will be $71,200

bi) Calculation for the operating cash flow by using dollars in minus dollars out method

Using this formula

Operating cash flow=Revenue-Cash expenses-Taxes

Let plug in the formula

Operating cash flow=$236,000-($69,000+$49,000)-$17,800

Operating cash flow=$236,000-$118,000-$17,800

Operating cash flow=$100,200

Therefore the operating cash flow by using dollars in minus dollars out method will be $100,200

bii) Calculation of the operating cash flow by using adjusted accounting profits,

Adjusted accounting profit=$71,200+$29,000

Adjusted accounting profits=$100,200

Therefore the operating cash flow by using adjusted accounting profits will be $100,200

biii)Calculate the operating cash flow by using after tax operating cash flow

After tax operating cash flow=[$236,000-($69,000+$49,000)]*(1-0.20)+(0.20*$29,000)

After tax operating cash flow=($236,000-$118,000)*0.80+$5,800

After tax operating cash flow=($118,000*0.80)+$5,800

After tax operating cash flow=$94,400+$5,800

After tax operating cash flow=$100,200

Therefore the operating cash flow by using after tax operating cash flow will be $100,200

4 0

3 years ago

Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its

uranmaximum [27]

Answer:Incomplete Question, You omitted the values for the following

supplies remaining at year-end: $700

Wages earned by workers but not yet paid at year-end: $500

Explanation:

1. To Record the journal entries required for December, excluding the December 31 year-end adjusting entries.

Cash Paid for prepaid insurance

Date Account and Explanation Debit Credit

1st Dec Prepaid Insurance $24,000

Cash $24,000

Supplies purchased in cash

7th Dec Supplies $2000

Cash $2,000

13th Dec No ENTRY Roland Co agreed to do but has not done itr yet.

Advance received from ABX

24th Dec Cash $4,000

Unearned Revenue $4,000

2. To Record the December 31 year-end adjusting entries for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue.

Insurance expense

Date Account and Explanation Debit Credit

31st Dec Insurance Expense $1,000

Prepaid Expense $1,000

Calculation.24 month insurance policy for $24,000 cash.

Insurance for a month = 24,000/24= 1000

Supplies Expense

Date Account and Explanation Debit Credit

31st Dec Supplies Expense $1,300

Supplies $1,300

Calculation :purchased supplies for $2,000 --supplies remaining at year-end, $700= $1,300

To record Wages earned by workers but not yet paid at year-end: $500

Date Account and Explanation Debit Credit

31st Dec Wages Expense $500

Wages Payable $500

Service Revenue from Telo

Date Account and Explanation Debit Credit

31st Dec Accounts receivable $6,000

Service Revenue $6,000

calculation=Job Completion at Year-End x received cash of worth of work for Telo = 60% x 10,000 = %6,000

Service Revenue from Abx

Date Account and Explanation Debit Credit

31st Dec Unearned Revenue $1,000

Service Revenue $1,000

calculation=Job Completion at Year-End x cash in advance to perform work = 25% x 4,000 = $1,000

3. Journal entry for January

Payment Of wages recorded

Date Account and Explanation Debit Credit

5 Jan Wages Payable $500

Wages Expense (800-500) $300

Cash $800

Payments from Telo Recorded

Date Account and Explanation Debit Credit

12 Jan Cash $10,000

Account Receivable $6,000

Service Revenue(10,000-6000) $4,000

8 0

4 years ago

After World War II, the United States sent billions of dollars in foreign aid to help the war-torn nations of Western Europe reb

Mazyrski [523]

Answer:

After World War II, the United States helped rebuild Western Europe.

Explanation:

There was a program known as 'The Marshall Plan' or 'European Recovery Program' started by United States in which it provided help to Western Europe after the World War II. It was passed in 1948 by Secretary of United States 'John Marshall'. According to this program, it gave more than $15 billion as a financial help to Western Europe to rebuild their continent.

Their main purpose was to revive the working economy of the world. Also, Marshall believed that stable government in Europe would depend on economic stability of the people.

7 0

3 years ago

Read 2 more answers