Hey there,
Answer:
<span>Lack of business acumen in addition to strategic talents.
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In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.
<h3>Are accounts owed a debit or credit in normal balance?</h3>
Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.
Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.
To learn more about normal balance visit the link
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Answer:
c. ​15.0%
Explanation:
First we need to calculate the Debt to equity ratio
Debt to equity ratio = Debt / Equity
Debt to equity ratio = 85% / 15% = 5.66667
Now calculate BTIRRE using following formula
BTIRRE = BTIRRP + ( BTIRRP - BTIRRD ) x Debt to equity ratio
Where
BTIRRP = 10.75%
BTIRRD = 10%
Placing values in the formula
BTIRRE = 10.75% + ( 10.75% - 10.00% ) x 5.66667
BTIRRE = 10.75% + 4.25%
BTIRRE = 15.00%
Answer:
Earning per share is 2.44 dollars.
Explanation:
The earning per share is a financial ratio determine by dividing total profit after tax made by a company in a period with total number of outstanding shares.
The earning per share is calculated below
EPS = $ 415,000/ 170,000 = 2.44 $
This ratio is widely used in stock market and valuation of business.
Answer:
Two examples of important things that financial planning skills can help us do are:
- Acquire a strong savings habit
- Set realistic goals
Explanation:
Acquire a strong savings habit: This is achievable when a person has a clear understanding of how much are their expenses and how much is needed to be save in order to acquire capital goods or to construct a fund for unexpected costs.
Set realistic goals: When a person knows how much its income is and has a realistic financial planning he knows what goals are achievable and which are not.
