Answer: No
Explanation: D/E is a solvency ratio. Liquidity ratios are quick and current ratios.
Answer:
$73,500
Explanation:
the man needs enough money to cover:
- down payment = $325,000 x 20% = $65,000
- closing points = $325,000 x 2% = $6,500
- closing costs = $2,000
- total = $73,500
The closing points are generally paid to the mortgage lender in order to lower the mortgage's interest rate which will result in a lower monthly payment.
Answer:
$31,100
Explanation:
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300.
Therefore the amount of stockholders’ equity as of May 31 of the current year can be derived by the formula : Capital = Assets - Liabilities
<u>Assets</u>
Cash $20,500;
Accounts Receivable, $7,250;
Supplies, $650;
Equipment, $12,000
TOTAL = 40,400
<u>Liabilities</u>
Accounts Payable, $9,300.
Therefore stockholders’ equity = 40,400 - 9,300 = $31,100
B. That is duplicated reach