The firm with a 20% Debt and 80% Equity has the lowest degree of leverage.
<h3>What is a
degree of leverage?</h3>
This means how much a firm operating income changes in response to a change in sales.
Because the Firm C has a low debt, this means its has the lowest degree of leverage when compared to others.
Therefore, the Option C is correct.
Missing options "90% Debt, 10% Equity
30% Debt, 70% Equity
20% Debt, 80% Equity
50% Debt, 50% Equity"
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Depending on your use of marketing and sales as complementary or subordinate functions, you can create a management structure that ensures no important duties fall through the cracks.
Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
Let n represent the number of years watching TV.
Then let sleeping represent as n+19.
Solution for this problem is:
<span>
n+n+19=33</span>
<span>
2n=14</span>
n = 14 divided by 2
<span>n=7
</span>
7 years are spent watching TV while 26 years are spent in sleeping.
Other solution:
To figure out how many years you spend sleeping and watching
TV, you first need to take the number in total, which is 33, and subtract the
number that you will exceed sleeping.33 – 19 = 14. Now that you have the number
14, you can see that 14 divided in 2 = 7. 7 +19 = 26. This leaves you with a
remainder of 7 hours watching TV and 26 hours sleeping. 26 is 19 greater than
7. 7 + 26 = 33.
Answer:
1. T-account balances.
<em>Common stock</em>
$50,000
<em>Land </em>
$20,000
<em>Cash </em>
$34,500
<em>Note Payable</em>
$15,000
<em>Supplies </em>
$900
<em>Trade Payable</em>
$400
<em>Equipment </em>
$10,000
2. A classified balance sheet for Lantana Company
Non - Current Assets
Land $20,000
Equipment $10,000
Total Non - Current Assets $30,000
Current Assets
Supplies $900
Cash $34,500
Total Current Assets $35,400
Total Assets $65,400
Equity and Liabilities
Equity
Common stock $50,000
Total Equity $50,000
Current Liabilities
Trade Payable $400
Total Current Liabilities $400
Non - Current Liabilities
Note Payable $15,000
Total Non - Current Liabilities $15,000
Total Equity and Liabilities $65,400
Explanation:
T-account balances.
Common stock
$50,000
Land
$20,000
Cash
$50,000 - $5,000 - $10,000 - $500 = $34,500
Note Payable
$15,000
Supplies
$900
Trade Payable
$900 - $500 = $400
Equipment
$10,000
