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3 years ago

Name the departments, offices, or agencies that were created by the Dodd -F

1 answer:

4 0

Dodd-Frank created the CFPB, a federal agency that oversees consumer protection in the financial sector, including banks, payday lenders, credit unions, mortgage servicers and other companies.

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Following is the income statement information from Apollo Medical Devices.

Llana [10]

Answer:

$ in thousands) 2020

Net sales $4,163,770

Cost of sales before special charges 1,382,235

Special inventory obsolescence charge 27,876

Total cost of sales 1,410,111

Gross profit 2,753,659

Selling, general and admin expense 1,570,667

Research and development expense 531,086

Explanation:

3 0

3 years ago

The global environment affects all of the other environmental influences such as the economic, legal, and social environments be

Black_prince [1.1K]

Answer:

the increase in free trade among nations and technological changes have created globalization and increased competition.

Explanation:

The global environment impacts the other environment like economic, legal and social as there should be rise in the free trade that should be between the nations also there is a technological changes that developed the globalization due to which the competition should be increased

therefore the above statement is correct

3 0

3 years ago

Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection Costs April 922 $ 17,9

baherus [9]

Answer:

Fixed costs= $9,021.27

Explanation:

Giving the following information:

April 922 $ 17,912

May 983 $ 18,300

June 928 $ 17,965

July 912 $ 17,810

August 934 $ 17,994

September 919 $ 17,880

October 936 $ 18,032

November 876 $ 17,290

December 915 $ 17,838

To calculate the variable and fixed component, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (18,300 - 17,290) / (983 - 876)

Variable cost per unit= $9.4392

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 18,300 - (9.4392*983)

Fixed costs= $9,021.27

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 17,290 - (9.4392*876)

Fixed costs= $9,021.27

4 0

3 years ago

MacKenzie Company sold $620 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 5.0% serv

amid [387]

Answer:

DR Cash $589

DR Credit Card expense $31

CR Sales $620

(To record sales via credit card)

Working

Cash

= 620 * ( 1 - 5%)

= $589

Credit Card Expense

= 620 * 5%

= $31

4 0

3 years ago

Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2023.The following items are taken f

Aliun [14]

Answer:

A) See attached file for Balance Sheet

B) Current ratio = 1.26

C) Debt to Asset ratio = 18%

The Current ratio tells us that the company has 1.26 dollars of current assets to cover 1 dollar of current debt. That is a good thing, but to know if it´s enough covers, further information is needed. Others ratios can help to complete the picture as for example, quick ratio, assets turn over, inventory turn over, receivables turn over, etc. The debt to assets ratio. Tells us that the company owes 18% of its assets. The rest belongs to the stockholders. Again, it´s a good thing, but further information can help us to know if the company can invest in new projects, financing it with debt in a profitable way, for example, if Return on Assets is higher than debt rate.

Explanation:

B) Current ratio = Current Assets / Current Liabilities

Current ratio = 52,140 / 41,400

Current ratio = 1.26

C)Debt to Asset ratio = (Total Liabilities / Total Assets)*100

Debt to Asset ratio = (121,400 / 691,400)*100

Debt to Asset ratio = 18%

The current ratio measures a company's ability to pay short-term obligations or those due within one year, by relating current assets with current liabilities (liquidity ratio). The debt to total assets ratio shows the percentage of a company's total assets that were financed by creditors (financial ratio).

3 0

3 years ago