Answer:
Company's current ratio is 2.4
Explanation:
Current ratio = Current assets / Current liability
Current ratio = 46,880/19,500
Current ratio = 2.404 =2.4
<u>WORKINGS</u>
Current assets:
Account Receivable= 29,500
Office supplies 4,800 (Assuming they are stocks of supplies)
Prepaid insurance 4,680
Cash 7,900
Total current assets=46,880
Current liabilities
Account Payable 13,500
Unearned services revenue 6,000
Total current liability= 19,500
Answer:
compile and analyze the data
Explanation:
Since Peter has already identified the problem, his next step is to compile and analyze the data. This will allow Peter to see all of the data together and try to find what the cause of the problem actually is, which will ultimately allow him to develop a solution to it. This is done by inspecting and cleaning the data in order to find useful information, informing conclusions and data supporting decision-making.
Answer:
A
Explanation:
A regressive tax is a tax system where the same tax rate is applied uniformly. As a result, those earning less income are taxed higher than those earning more income.
Sales tax is an example of a regressive tax.
If sales tax is 5%. Worker A earns $100 and worker B earns $1000. Both buy a good worth $50 before tax. the sales tax is worth $2.5.
The tax comprises $2,5 / 100 = 2.5% of worker A's income and $2,5 / $1000 = 0.025% of Worker B's income.
It can be seen that worker A who earns less income is taxed higher
Answer:
$ 1,592,121.121
Explanation:
Present Value at T=0 is $120,000
N = 30
I = 9%
PMT = $11,680.36
We shall calculate the Future Value without PMT and then with PMT. The difference would be the amount of interest paid.
FV at T = 30 with PMT is -$3,184,242.537
FV at T = 30 without PMT is -$1,592,121.416
The total interest paid on the loan is = $ 1,592,121.121
