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Crank
3 years ago
7

Quentin's total debt to equity ratio on December 31, 2014, is _______

Business
1 answer:
scoundrel [369]3 years ago
3 0

Answer:

Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached file for the complete question.

The explnation to the answer is therefore given as follows:

The debt-to-equity ratio refers to a financial ratio that is used to measure the relative proportion of debt and Owners' equity that are employed to finance assets of a company.

The debt-to-equity ratio using the following formula:

Debt-to-equity ratio = Total liabilities / Owners' equity ............... (1)

Where;

Total liabilities = Total current liabilities + Non-current liabilities = $72,000 + $34,000 = $106,000

Owners' equity = $170,000

Substituting the value into equation (1), we have:

Debt-to-equity ratio = $106,000 / $170,000 = 0.62

Therefore, Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

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Sandstorm Corporation decides to develop a new line of paints. The project begins in 2019. Sandstorm incurs the following expens
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Answer:

$0 and $12,750

Explanation:

To check deductions for 2019 and 2020, we need to check total expenses:

Total Expenses = $85,000 + $30,000 + $12,500

= $127,500

Since it has a 60 month deferral and amortization period, we need to check for each month. Therefore we have:

=Total expenses / 60months

= $127,500 ÷ 60 months

= $2,125

Therefore, in 2019 there's no benefit or deduction since all expenditures are made.

To get the 2020 the deduction we use:

= Monthly amortization or defferal cost * number of months

= $2,125 × 6 months

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The 6 months is calculated assuming books are closed on December 31. It is from July 1 to December 31.

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3 years ago
A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False
hichkok12 [17]

Answer:

True

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2 years ago
Fall protection, confined space entry procedures, controlled noise levels, and protection from chemical hazards are some of the
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The answer is: A.Healthful

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Read 2 more answers
The purpose of a financial intermediary is to help channel funds
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Ashland Corporation estimates its manufacturing overhead costs to be $360,000 and its direct labor costs to be $400,000 for 2020
denis23 [38]

Answer:

Allocated MOH= $180,000

Explanation:

Giving the following information:

Manufacturing overhead is applied to jobs based on direct labor costs using a predetermined overhead rate.

The estimated manufacturing overhead costs are $360,000 and direct labor costs $400,000.

First, we need to calculate the MOH rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

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3 years ago
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