Answer:
70.83%
Explanation:
Given that,
Company's assets = $1,200
Equity = $350
Dept = Reported assets - Company's equity
= $1,200 - $350
= $850
Dept ratio = (Debt ÷ Total assets) × 100
= ($850 ÷ $1,200) × 100
= 0.7083 × 100
= 70.83%
Therefore, the Dept ratio of Converse Florists & Co. is 70.83%.
Answer:
a. $29,496
b. $21,996
Explanation:
a. The Computation of budgeted marketing expense for the fourth quarter is shown below:-
Sales units 2,640
(2400 × 110%)
Variable marketing expenses per unit sold $0.15
Total Variable marketing expenses $396
Fixed Marketing expenses $18,000
Salaries ($6,000 × 3)
Depreciation ($2,500 × 3) $7,500
Insurance ($1,200 × 3) $3,600
Total Fixed marketing expenses $29,100
Budgeted marketing expense
for the fourth quarter $29,496
b. Estimated cash payment for marketing expenses for the fourth quarter = Budgeted marketing expense for the fourth quarter - Depreciation
= $29,496 - $$7500
= $21,996
Answer:
Revenues
Explanation:
The role of news organisations in political campaigns in recent times has been very significant.
Critics find it hypocritical because when paid to run political campaigns, news organisations do not reject lies by public officials, because they were paid for the air time.
For example, according to information from statistica, it estimates that more than 6 billion dollars were spent in the US Presidential elections campaign on broadcast TV in 2016.
Scrutiny would involve critical examination of the activities of this news organisations.
Answer:
Debit : Account Payable $1,600
Credit : Discount Received $32
Credit : Cash $1,568
Explanation:
The correct journal entry to record the payment on July 28 includes a Debit to Accounts Payable and Credit to Discount and Cash. Cash should be after returns and discount received.
