Answer:
$2,080
Explanation:
Earnings at regular rate (40 x 40) $1,600
Earnings at overtime rate
( 8(40 x 1.5))
=8×60
= $480
Hence:
$1,600 + $480 = $2,080
Therefore the gross pay for Martin will be $2,080
Answer:
B) $16,000
Explanation:
Current liabilities are debt that must be paid within a 12 month period.
The total value of the notes payable is $355,000, but only $16,000 is due within 12 months. The $175,000 of short term debt has been refinanced and reclassified as long term debt. The $25,000 of deferred tax liability is also non current.
Answer:
C) Cash payment of an account payable
We know that the current ratio is greater than 1, and in the formula for current ratio the assets are in the numerator and liabilities in the denominator, in this case an asset is increasing for the same account that a liability is decreasing by. So whenever the the value is above one and the numerator and denominator are decreased by the same amount the value increases.
Explanation:
Answer: C) Continuously improve their products at home.
Explanation:
Protectionism policies like tariffs and import quotas have the effect of reducing free trade which erodes consumer welfare as well as hurting trade so should be avoided if better options exist.
One of those is for a company to increase its market base instead of relying on protection from the government. If they can expand into foreign market, they will have a larger market in which to trade their goods and increase profitability.
Another way is to improve their products at home. Better products would attract more customers to their products and increase profitability.
The ratio could increase with the purchase of $170,000 of inventory on account.
