Answer:
The total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,750
Explanation:
The computation of total general and administration expenses is shown below:
= Administrative salaries + other cash administrative expenses + depreciation expense on the administrative equipment
= $5,000 + $2,400 + $1,350
= $8,750 per month
The monthly interest is ignored because it is not a part general and administrative expenses. That's why it is not considered in the computation part.
Hence, the total general and administrative expenses to be reported on the general and administrative expense budget per month is $8,750
Answer:
1. D (higher income with variable costing) 2. B (fixed costs remain the same as production level changes 3. C (variable costs decrease as production decreases)
Answer:
Current ratio = 2.25
Acid test ratio = 1.25
After Taking Loan
Current ratio = 1.64
Acid test ratio = 0.91
Explanation:
Current Ratio is the comparison of company's short term assets and short term liabilities to see if the company is able to pay its short term liabilities.
Current Ratio = Current Assets / Current Liabilities = $90,000 / $40,000 = 2.25 times
The company can pay 2.25 time the current liabilities from its current assets.
Asset test ratio compares company's most short term assets with most short term liabilities to check that if company is able to pay all the immediate liabilities it become due.
Acid Test ratio = ( 90,000 - 40,000 ) / 40,000 = 1.25
After taking the bank loan
Total current Liabilities = $15,000 + 40,000 = $55,000
Current ratio= $90,000 / $55000 = 1.64
Acid test ratio = $50,000 / $55000 = 0.91
Answer:
$60,000
Explanation:
Given:
Purchase price = $80,000
Old mortgage value = $65,000
Market value of house = $110,000
New mortgage value = $50,000
Equity in the house = ?
Computation of Equity in the house :
Equity in the house = Market value of house - New mortgage value
Equity in the house = $110,000 - $50,000
Equity in the house = $60,000
Answer:
the law of market regulation
Explanation:
i did this in my business class