1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lions [1.4K]
3 years ago
6

When using the book value of equity, the debt to equity ratio for Luther in 2018 is closest to: A) 0.43 B) 2.29 C) 2.98 D) 3.57

Business
1 answer:
ikadub [295]3 years ago
6 0

Answer:

The correct answer is 2.29

Explanation:

The debt-to-capital ratio (D/E) is a measurement of a company's financial leverage.

D/E=Total debt/Total equity

Total debt=(notes payable (10.5) + current maturities of long-term debt (39.9) + long-term debt (239.7) = 290.1

Total Equity = 126.6

D/E= 290.1/126.6=2.29

Thus, the debt to equity ratio for Luther in 2018 is closest to 2.29

You might be interested in
Excom sells radios and each unit carries a two-year replacement warranty. Typically, 5% of the radios sold need to be replaced c
Leona [35]

Answer:

The amount in September would Excom debit Product Warranty Expense is $805

Explanation:

According to the given data In order to calculate the amount in September would Excom debit Product Warranty Expense we would have to make the following calculation:

Product warranty expense = 700 radios * 5% * cost per radio $23

Product warranty expense =35*$23

Product warranty expense =$805

The amount in September would Excom debit Product Warranty Expense is $805

7 0
3 years ago
Phishing is looking for and reporting online scams.<br><br> True or <br> False
MAXImum [283]
False. Phishing is usually considered emails that are sent that look genuine but are actually from scammers trying to obtain personal or financial information. 
4 0
3 years ago
Read 2 more answers
Nowadays, many of the huge factories and industries ___________to function if there was no adequate electric power. A. Were unab
nalin [4]

Option B. Nowadays, many of the huge factories and industries <u>Would be unable</u> to function if there was no adequate electric power.

<h3>What is electric power?</h3>

The rate of electrical energy transmission over an electric circuit per unit of time is measured as electric power in physics. P stands for power, which is denoted and measured using the SI unit of power, the watt, or one joule per second. Electric batteries and electric generators are frequently used to produce and supply electricity.

The speed at which energy is converted into an electrical circuit or used to produce work is known as electric power. It is a way to quantify how much energy is consumed over a certain period of time.

Read more on  electricity here: brainly.com/question/24786034

#SPJ1

4 0
1 year ago
Complete the following statements using either "debit" or "credit":
Gekata [30.6K]

Answer:

a Debit

b Credit

c Debit

d Credit

e Credit

f Credit

g Debit

h Debit

i Debit

Explanation:

The rules are that increase in assets such as cash account ,delivery equipment,accounts receivable are debited while the reverse is done for reduction in assets.

The increase in liability accounts and revenue such as accounts payable and revenue account delivery fees are normally credited while the reverse applies to decrease in liabilities.

The increase in expense is normally debited while the reduction in expense is a credit.

The increase in capital account is a credit

4 0
3 years ago
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p
harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

6 0
3 years ago
Read 2 more answers
Other questions:
  • Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked
    13·1 answer
  • According to the Zippo standard, websites that provide information but do not provide the opportunity to conduct online transact
    5·1 answer
  • A company's environment consists of both a microenvironment and a macroenvironment — forces outside of marketing that affect a m
    12·2 answers
  • Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220
    12·1 answer
  • Classify the following topics as relating to microeconomics or macroeconomics. Topic: Microeconomics or Macroeconomics
    12·1 answer
  • Werner installs custom sound systems in cars. If he installs seven systems per day, his total costs are $300. If he installs eig
    11·1 answer
  • Why it is important for alsa management to understand the importance of social media for their work
    12·1 answer
  • Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
    10·1 answer
  • Stockholders' Equity of Riverwild Corporation consists of 50,000 shares of $8 par value, 5% cumulative preferred stock and 400,0
    5·1 answer
  • Developing a pricing structure that encourages customers to buy additional services that they don't need in order to obtain the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!