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avanturin [10]
3 years ago
14

You have four credit cards. each has a balance of $450.00, but their credit limits are $800.00, $1,200.00, $1,300.00, and $1,500

.00. paying off and closing which card would decrease your debt ratio?
a. the $1,500.00 limit card

b. the $800.00 limit card

c. the $1,200.00 limit card

d. the $1,300.00 limit card
Business
2 answers:
Lady_Fox [76]3 years ago
5 0

The answer is:

b. the $800.00 limit card

swat323 years ago
3 0

the answer is b)$800.00

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When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they?
Lerok [7]

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they option(d)i.e, Give the firm a stronger financial foundation.

A general partnership, which is the fundamental type of partnership under common law, is, in the majority of nations, a grouping of people or an unincorporated business having the main characteristics listed below: Estoppel, proof of existence, and agreement are all necessary for creation.

A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.

In a sole proprietorship, the business's owner is personally liable for all debts and obligations. In a partnership, two or more individuals pool their resources for the company and split earnings and losses.

The complete question is:

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they:

a) Are less risky because each partner is responsible for only a specified fraction of the firm's debts.

b) Are easier to terminate.To know more about refer to:

c) Cost less to organize.

d) Give the firm a stronger financial foundation.

To know more about general partnership refer to:  brainly.com/question/17369246

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5 0
9 months ago
Shackleford corporation net income this year is $800,000. The company generally retains 35% of net income for reinvestment. the
ZanzabumX [31]

Answer:

A. $22.61

Explanation:

First,

find the growth rate(g);

g = ROE *retention  rate

retention  rate = 35%

ROE = Net income/value of equity

ROE = 800,000/5,000,000 = 0.16

Therefore, g = 0.16*0.35

g =0.056 or 5.6%

Price = \frac{D0(1+g)}{(r-g)}

D0 = Recently paid dividend

g = growth rate

r = required return

Price = \frac{1.37(1.056)}{0.12-0.056} \\ \\ =\frac{1.44672}{0.064} \\ \\ =22.605

Therefore, the value of this stock is $22.61

4 0
2 years ago
If the ending inventory in the previous period was understated $17,000 and the ending inventory in the current period was overst
kotegsom [21]

Answer:

In the current period,

b. Cost of goods sold

Explanation:

With the current period's beginning inventory (or previous period's ending inventory) understated by $17,000 and the overstatement of the current period's ending inventory by $27,000, it implies that the Cost of goods sold is understated by $10,000.  Once this cost is understated, the net income will be overstated, as well as the owner's equity (via the retained earnings).

4 0
2 years ago
Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their com
balu736 [363]

The competitive capability which relates to flexibility is the reason that Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers.

<h3>What is the competitive capability?</h3>

Competitive capability relates to the unique ability possess by a company over other competitors.

In this case, the Gymtastic possess the competitive capability called Flexibility.

In conclusion, the competitive capability which relates to flexibility is the reason that Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers.

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4 0
2 years ago
4. You are considering adding a microbrewery onto one of your firm's existing restaurants. This will entail an increase in inven
IrinaK [193]

Answer:

$6400

Explanation:

Working capital is the net of current asset and current liabilities. it is a financial measure that gives insight into how liquid a company is considering that it shows whether or not the current assets can be used to settle the current obligations or liabilities of the company adequately.

The change in property, plant, and equipment of $48,000 is not an element of working capital, Hence change in working capital

= $8700 - $2300

= $6400

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3 years ago
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