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2 years ago

Laura borrowed $48,000 at a 6% interest rate for 7 years. what was the total interest?

1 answer:

7 0

Principal Amount P = $ 48000
Rate of interest r = 6% = 0.06
Time interval t = 7
Formula for Interest I = P x r x t => I = 48000 x 0.06 x 7 => I = 2880 x 7
Total Interest for seven years would be $20,160

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A firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. What is the ratio of the book value of debt to the mark

ahrayia [7]

Answer: 0.25

Explanation:

The The debt-to-equity ratio is calculated when the total liabilities of w company is divided a by the shareholder equity while the book-to-market ratio is used to know a company's value by comparing the book value of the company to its market value.

Since the firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. The ratio of the book value of debt to the market value of equity will be:

= 0.5/2

= 0.25

5 0

2 years ago

Kingbird Windows manufactures and sells custom storm windows for three-season porches. Kingbird also provides installation servi

Umnica [9.8K]

Answer:

Kingbird Windows

July 1, 2017:

Debit Cash Account $1,940

Credit Unearned Sales Revenue $1,940

To record the receipt of cash from customer.

Sept. 1, 2017:

Debit Unearned Sales Revenue $1,940

Credit Sales Revenue $1,940

To record the sale of windows.

Debit Inventory $1,050

Credit Cost of Goods Sold $1,050

To record the cost of goods sold.

Oct. 15, 2017:

Debit Cash Account $530

Credit Service Revenue $530

To record the service revenue earned for installation of windows.

Explanation:

The data state that Kingbird Window's selling price is equal to $1,940, which its customer pays in advance of performance. Therefore, this amount is taken as the sales revenue. The stand-alone price of installation is estimated to be $580, but only $530 is recorded as revenue for the installation since the difference had been captured under the actual costs.

5 0

2 years ago

Inventory records for Dunbar Incorporated revealed the following:

marshall27 [118]

Ending inventory assuming weighted-average cost would be $694

Solution:

Given,

Dunbar sold 560 units of inventory

Apr. 1 Beginning inventory 550 $2.33

Apr. 20 Purchase 310 2.68

Now,

Ending inventory = 560 -550 = 10

= 310 -10 = 300

Ending inventory = 300 × $2.33 = $694

7 0

2 years ago

Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div

N76 [4]

Answer:

Leading by example

Explanation:

Chief financial officer Barry submits travel and expenses reports that are completely genuine and encourages employees in his division to always give accurate and correct information . Barry is using the ethical initiative called leading by example.

Leading by example is a good quality of any leader . When a leader explain or tell anything to its team by using examples then it motivates the team , they thought that when he/she ( the person used in example) can do , then they also can do this. The leaders who used leading by example quality will make themselves as well as his team to follow him. These is a good technique to strengthen and inspire the people. It is the responsibility of the leader to guide their teams .

7 0

2 years ago

Ajax Corp., an American company, owns a factory in China. Managers often report back to headquarters in the U.S. that Chinese go

Luden [163]

Answer:

The correct answer is bureaucratic.

Explanation:

Bureaucracy is the organization or structure that is characterized by centralized and decentralized procedures, division of responsibilities, work specialization, hierarchy and impersonal relationships. The term is used in sociology, in administrative science and, especially, in public administration. It could be defined as a set of techniques or methodologies arranged to learn or rationalize the external reality (to which it intends to control the central power) in order to know it and call it in a standardized or uniform way. A clear example of this characteristic of bureaucracies, particularly those of government, is the hiring and assignment or removal of personnel, that is, officials, according to explicit criteria and relevant to the performance of duties.

4 0

2 years ago