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3 years ago

Suppose the 2017 adidas financial statements contain the following selected data (in millions).

Business

1 answer:

Lera25 [3.4K]3 years ago

4 0

Answer:

(A) net working capital = 1,510

(B) current ratio = 1.49

Explanation:

working capital

current assets - current liabilities

4,570 - 3,060 = 1,510

current ratio

current assets / current liab

4570/3060 = 1.493464052

total liab/ total assets

4,544/8,320 = 54.6153%

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Bearcat Construction begins operations in March and has the following transactions.

aleksklad [387]

Answer:

Bearcat Construction

General Journal

March 1

Cash $17,500 (debit)

Common Stock $17,500 (credit)

Cash Received in Exchange of Common Stock

March 5

Cash $8,300 (debit)

Note Payable $8,300 (credit)

Cash received from Bank Loan

March 10

Equipment (debit)

Cash (credit)

Purchase of Equipment by Cash

March 15

Advertising Expenses (debit)

Cash (credit)

Advertising Expense paid in Cash

March 22

Accounts Receivable $17,300 (debit)

Service Revenue $17,300 (credit)

Service Rendered on Credit

March 27

Cash $17,300 (debit)

Accounts Receivable $17,300 (credit)

Cash Received from Accounts Receivables

March 28

Salaries Expense $5,300 (debit)

Cash $5,300 (credit)

Salaries paid in Cash

Explanation:

See the Journal Entries and Narrations that i have prepared above.

8 0

3 years ago

When calculating the net operating income of a property, it is important to identify any expenses that will be incurred in attem

Fantom [35]

Answer:

The correct answer is letter "C": Mortgage payments.

Explanation:

Net Operating Income or NOI reflects income after operating expenses deducted but before income taxes and interest are deducted. If the result is a positive value it is called Net Operating Income. If the figure is negative, it is referred to as Net Operating Loss.

Net operating income is often used to calculate real estate income, such as residential properties or commercial properties. NOI is calculated by determining the Gross Operating Income (Gross potential income minus vacancy and credit loss) and subtracting the operating expenses (maintenance, fees, and insurance).

Thus, mortgage payments are not considered in the calculation of the NOI.

6 0

3 years ago

Governments may create to discourage companies from producing negative externalities.

denpristay [2]

By removing them i believe

8 0

4 years ago

Read 2 more answers

Multiple Product Performance Report Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented

Pavlova-9 [17]

Answer:

Flexible budget performance report for the July manufacturing activities

Direct Materials : $62,000

Lumber :

Regular ($6.00 × 5,000) $30,000

Deluxe ($9.00 × 2,000) $18,000

Assembly kit :

Regular ($2.00 × 5,000) $10,000

Deluxe ($2.00 × 2,000) $4,000

Labor : $30,000

Regular ($4.00 × 5,000) $20,000

Deluxe ($5.00 × 2,000) $10,000

Variable overhead : $15,000

Regular ($2.00 × 5,000) $10,000

Deluxe ($2.50 × 2,000) $5,000

Fixed manufacturing overhead $13,000

Total $120,000

Explanation:

A Flexed Budget is a Master budget that has been adjusted to reflect the Actual Level of Operation.

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4 years ago

Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their r

Sunny_sXe [5.5K]

Answer:

c. Express agency

Explanation:

An express agency can be defined as a type of contractual agreement between two (2) parties, which typically involves one party being instructed and authorized to act on behalf of the other person, usually referred to as the principal. Express agency is a fiduciary role.

In this scenario, Peter hires Brunhilda to represent him and assist with the sale of his home. They sign a listing contract to memorialize their relationship. Thus, the type of agency that has been created between Peter and Brunhilda is an express agency.

7 0

3 years ago