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3 years ago

The amount you owe in state income tax is based on:

Business

2 answers:

artcher [175]3 years ago

7 0

<span>A. Your yearly earnings. </span>

dlinn [17]3 years ago

4 0

A. OK well this is akward because the want me to write atleast 20

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Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all ans

solong [7]

Answer:

See calculations below

Explanation:

a. Inventory turn over ratio = 1.92

b. Debt equity ratio = 1.67

c. Cash flow from operating activities in 2020 = $3,269,900

d. Average collection period = 71 days

e. Asset turnover ratio = 1.48

f. Interest coverage ratio = 4.56

g. Operating income = 13.76%

h. Return on equity = 25.18%

j. Compound leverage ratio = 2.27

K. Net cash provided by operating activities = $3,269,900

Please see the whole breakdown in the attached

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4 years ago

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha

garri49 [273]

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month Purchased Paid

August $40,000 $16,000

September $36,000 $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases = 0.60 x $ 40,000 + 0.40 x $ 36,000

= $ 24,000 + $ 14,400 = $ 38,400

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3 years ago

Under the allowance method, when a specific account is written off

WITCHER [35]

When engaging to the allowance method, when there is a presence of having to written off a specific amount in the allowance method, what would likely happen is that there will be no change in terms of the total assets so the likely answer is letter a.

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3 years ago

The finance charge is equal to the of all monthly payments:

Thepotemich [5.8K]

I think the answer is a that is what i think

3 0

3 years ago

Accounts receivable $ 28,500 Long-term notes payable $ 23,000 Accounts payable 16,200 Office supplies 4,000 Buildings 51,000 Pre

Rus_ich [418]

Answer:

Chavez Company's current ratio = 2.202

Explanation:

CLASSIFYING THE BALANCE SHEET ACCOUNTS OF CHAVEZ COMPANY'S

CURRENT ASSETS – 44,040

• Cash 7,500

• Accounts receivable 28,500

• Prepaid insurance 4,040

• Office supplies 4,000

LONG-TERM ASSETS – 51,000

• Buildings 51,000

CURRENT LIABILITIES – 20,000

• Accounts payable 16,200

• Unearned services revenue 3,800

LONG-TERM LIABILITIES – 23,000

• Long-term notes payable 23,000

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 44,040 / 20,000

Current Ratio = 2.202

7 0

4 years ago