Answer: Manfred's son is more likely to engage in delinquency and early sexual behavior.
Explanation:
Since the son is hanging out with older people he will want to be like them. He may also suffer from peer pressure and believe that he needs to do as they do to fit in with the new crowd.
Since the son is going to another part of the town, he may believe that his father and mother will not check on him. He also may do this so no one that he knows from his side of town can tell on him since they don't hang out there.
Answer:
Stockton Company
The net income (loss) for the period is:
= d. Net income $5,162
Explanation:
Stockton Company Adjusted Trial Balance December 31
Cash 5,649
Accounts Receivable 2,468
Prepaid Expenses 660
Equipment 14,231
Accumulated Depreciation 2,782
Accounts Payable 1,745
Notes Payable 4,564
Common Stock 1,000
Retained Earnings 8,538
Dividends 783
Fees Earned 8,977
Wages Expense 2,286
Rent Expense 765
Utilities Expense 426
Depreciation Expense 267
Miscellaneous Expense 71
Totals 27,606 27,606
Income Statement
For the year ended December 31
Fees Earned 8,977
Wages Expense 2,286
Rent Expense 765
Utilities Expense 426
Depreciation Expense 267
Miscellaneous Expense 71 3,815
Net income 5,162
Answer:
The correct answer is $900,000
Explanation:
Arena Corp. should record the asset and the lease obligation at the lower of the fair value of the asset at the inception of the lease.
In this case, The fair value is $900,000 and its precise amount to record. Keep in mind that Executory costs aren´t included in the lease obligation.
Answer:
Times interest earned (TIE) = 7.4 times
Explanation:
The times interest earned (TIE) ratio is a measure used to analyze the company's ability to meet its debt obligations on the basis of its current income level. The TIE ratio is calculated as follows,
Times Interest Earned (TIE) = EBIT / Total Interest expense
Where,
- EBIT is the earnings of the company before interest and tax
To calculate TIE, we first need to determine the EBIT. EBIT can be calculated by backward working. Thus, EBIT is:
EBIT = Net income + tax + interest expense
EBIT = 240000 + 80000 + 50000
EBIT = $370000
Times interest earned (TIE) = 370000 / 50000
Times interest earned (TIE) = 7.4 times
Channel assembly is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
<h3>What is
Channel assembly?</h3>
Channel assembly serves as the means whereby the manufacture send his product in different entity to the other distributors, this is different from sending in bulks.
This medium uses smaller units , hence, Channel assembly is the technique where a manufacturer sends individual components (rather than assembled units) to a distributor.
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