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Mama L [17]
4 years ago
6

At the beginning of the current year, Snell Co. total assets were $264,000 and its total liabilities were $182,200. During the y

ear, the company reported total revenues of $109,000, total expenses of $84,000 and dividends of $13,000. There were no other changes in equity during the year and total assets at the end of the year were $276,000. The company's debt ratio at the end of the current year is:
Business
1 answer:
larisa [96]4 years ago
7 0

Answer:

The company's debt ratio at the end of the current year is 66%

Explanation:

For computing the debt ratio, we need to apply the formula which is shown below:

Debt ratio = (Total liabilities) ÷ (total assets) × 100

                = ($182,200 ÷ $276,000) × 100

                = 66%

The other information which are given in the question is of no use. That's why we do not consider it. Hence, ignored it.  

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You are the project manager for a project to demolish an existing library in your town and construct a new library in its place.
sesenic [268]

Answer:

The finishing of the assignment in the allotted time allotment is critical. To finish the undertaking in a limited ability to focus time it is imperative to utilize whatever number gifted individuals as would be prudent. However, utilizing more individuals would prompt expanded expenses and thus expanded spending plans.  

To accomplish this it is essential to initially design the arrangement of exercises that should be finished. When the equivalent is arranged, it is basic that gifted work ought to be looked to place the exercises in real life.  

For the finishing of the undertakings one would require:  

  1. Project Manager  
  2. Architect  
  3. Designer  
  4. Contractor-The contractual worker would need to set up 2 artisans, 1 painter,1 circuit tester, 2 craftsmen and 2 cleaners.  
  5. Accountant  

The bricklayers would have the significant lump of the work that must be identified with destruction and building the block dividers and putting them.This would additionally require the assistance of cleaners to enable the artisans to will the necessary material just as complete the cleaning post work. Additionally, the put dividers should be watered which will be finished by the more clean. When the dividers are constructed which will take around 3 months as there are just 2 bricklayers. When that is part of the way through the circuit repairmen and the craftsmen can all the while start with their work which will take around a month's time.The dividers will be built totally at this point and the painters would then be able to be utilized to paint the library. This work will be finished in around 5 months time. Crafted by the engineer should be possible by the fashioner who might be controlling the laborers with respect to the sort of dividers, the columns , the shading on the dividers and so forth.  

Henceforth one of the three assets that can be killed is the engineer. This will likewise be financially savvy as the charges of the engineer are more than that of a planner and a similar work can be delivered by the fashioner dependent on the spending limits.  

The task director can additionally lessen one more asset as a more clean. For the development just as painting as the work is separated into patches, one cleaner would get the job done as an assistance to all the specialists in question. The experts included would themselves be able to deal with the appointed errands dependent on the courses of events.  

The third asset that can be checked out is the craftsman. Just one craftsman can be utilized to get the racks, counters and the racks structured so the work is finished inside cutoff times.

6 0
4 years ago
Vacation Pay and Pension Benefits Harvey Company provides its employees with vacation benefits and a defined contribution pensio
Bogdan [553]

Answer:

A. Dr Vacation pay Expenses $15,700

Cr Vacation pay payable $15,700

B. Dr Pension Expense $13,440

Cr Cash $13,440

Explanation:

a. Preparation of the journal entry to record the vacation pay

Dr Vacation pay Expenses $15,700

Cr Vacation pay payable $15,700

(Being to record Vacation pay accrued for the period )

b. Preparation of the Journal entry to record pension benefit

Dr Pension Expense $13,440

Cr Cash $13,440

(8%*$168,000)

(Being to record pension Contribution)

8 0
3 years ago
What was the main goal of the Farmers’ Alliance?
Radda [10]
Higher quality planting" is the one among the following choices given in the question that was <span>the main goal of the Farmers’ Alliance. The correct option among all the options that are given in the question is the second option. I hope that this is the answer that has actually come to your great help.</span>
3 0
3 years ago
The upward-sloping portion of the long-run average cost curve is a result of:.
iogann1982 [59]

Answer:

average cost is increasing

Explanation:

7 0
2 years ago
Parr Paper's stock has a beta of 1.442, and its required return is 13.00%. Clover Dairy's stock has a beta of 0.80. If the risk-
Viktor [21]

Answer:

Required rate of return on clover's stock is 8.99%

Explanation:

The required rate of return on Clover's stock can be computed using Miller and Modgliani capital asset pricing model formula given below:

Ke=Rf+beta*(Rm-Rf)

Ke is the required rate of return, the unknown

Rf is the risk free rate of return of 4.00%

beta for Clover is 0.80

Rm is the not known as well but can computed using the Parr paper's details below:

beta is 1.442

required return IS 13%

13.00%=4.00%+1.442*(Rm-4.00%)

13%-4%=1.442*(Rm-4.00%)

9%=1.442*(Rm-4.00%)

9%/1.442=Rm-4%

6.24% =Rm-4%

Rm=6.24%+4%

Rm=10.24%

Now the required return on Clover's stock can be computed

Ke=4%+0.8*(10.24%-4%)

Ke=8.99%

3 0
3 years ago
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