Answer:
Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached file for the complete question.
The explnation to the answer is therefore given as follows:
The debt-to-equity ratio refers to a financial ratio that is used to measure the relative proportion of debt and Owners' equity that are employed to finance assets of a company.
The debt-to-equity ratio using the following formula:
Debt-to-equity ratio = Total liabilities / Owners' equity ............... (1)
Where;
Total liabilities = Total current liabilities + Non-current liabilities = $72,000 + $34,000 = $106,000
Owners' equity = $170,000
Substituting the value into equation (1), we have:
Debt-to-equity ratio = $106,000 / $170,000 = 0.62
Therefore, Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.
Answer:
lower costs, leading to higher profits
Explanation:
Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.
When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.
These in turn lead to lower costs and higher profit.
Staff turnover is costly on the business as new hires have to be trained on the job to be effective.
Answer:
Cost Flow Methods
Gross profit and ending inventory on April 30 using:
Gross Profit Ending Inventory
(a) first-in, first-out (FIFO) $75 $546
(b)
last-in, first-out (LIFO) $71 $542
(c) weighted average cost method $73 $544
Explanation:
a) Data and Calculations:
Item Beta Cost
April 2 Purchase $270
April 15 Purchase 272
April 20 Purchase 274
Total $816
Average cost per unit = $272 ($816/ 3 units)
Assume that one unit is sold on April 27 for $345
Gross profit and ending inventory on April 30 using:
Gross Profit Ending Inventory
(a) first-in, first-out (FIFO) $75 ($345 - $270) $546 ($816 - $270)
(b)
last-in, first-out (LIFO) $71 ($345 - $274) $542 ($816 - $274)
(c) weighted average cost method $73 ($345 - $272) $544 ($816 - $272)
Ending inventory = Cost of goods available for sale Minus Cost of goods sold
Gross profit = Sales Minus Cost of goods sold
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