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kow [346]
3 years ago
9

The debt-to-equity ratio for your small business was 1.40 at the end of last year and 1.25 at the end of this year. Your debt-to

-equity ratio is:_________
Business
1 answer:
larisa86 [58]3 years ago
3 0

Answer:

debt-to-equity ratio is 1.33 .

Explanation:

Given the debt equity ratio at the beginning and at end of the year, we can estimate the debt equity ratio of a company as the <em>average</em> of the two.

Average debt-to-equity ratio = (1.40 + 1.25) ÷ 2

                                                = 1.325 or 1.33

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If the inflation rate was 3.40% and the nominal interest rate was 5.60% over the last year, what was the real rate of interest o
DiKsa [7]

Answer:

2.1276%

Explanation:

\ $Real Rate$  =   \frac{1+nominal}{1+inflation}  - 1

1.056/1.034 -1 = 0,021276595744681  rounding to 4 decimal places:

2.1277%

<u>The reasoning behind this formula is the following:</u>

there is a rate that generate the combine effect of the nominal and the inflation rate

Principal (1+real rate)  = Principal x (1+nominal) / (1+ inflation)

removing the principal for clearence:

1+real rate =(1+nominal) x (1+ inflation)

real rate = (1+nominal) x (1+ inflation)  - 1

4 0
3 years ago
Nenn Co.'s allowance for uncollectible accounts was $190,000 at the end of 2017 and $180,000 at the end of 2016. For the year en
Svetradugi [14.3K]

Answer:

$ 21,000

Explanation:

To determine the answer we need to preoare a movemnet of the account for uncollectible account.

Opening balance - Allowance for uncollectible accounts           $ 180,000

Add: Bad debt expense for the year                                             <u>$   21,000</u>  

Available balance of Allowance for uncollectible accounts        $  201,000

Less: Closing balance - Allowance for uncollectible accounts    <u>$  190,000</u>

Actual bad debts written off                                                          $ 21,000

The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.

8 0
3 years ago
3M Co. reports beginning raw materials inventory of $902 million and ending raw materials inventory of $855 million. 3M purchase
Greeley [361]

Answer:

$3693 million

Explanation: The materials used in the primary stage of production is called

raw materials. These are the basic materials used for production.

.

Raw material used is the amount of raw materials consumed by the entity

in a specific period , generally a year .

.

Raw materials used = begining invetory + purchased inventory - ending invetory

therefore,

Raw materials used = $902 million + $3646 million - $855 million

                                  = $3693 million

5 0
3 years ago
North america eventually outstripped latin america in economic development primarily because?
antoniya [11.8K]

Latin America retained a system of monoculture.

<h3>Reason:</h3>
  • North America was the most prosperous region of the world, while Latin America was much poorer.
  • We then discuss a series of hypotheses that can explain these results, including migration, the demography of the American Indian populations, and the various labor systems implemented in the continent.
<h3>What is the system of Monoculture?</h3>
  • Monoculture farming is a form of agriculture that is based on growing only one type of crop at one time in a specific field.
  • In contrast, a polyculture system assumes that a field is sown with two or more crops at a time.

To learn more about North America, refer

to brainly.com/question/25689052

#SPJ4

4 0
1 year ago
A computer shop with three processes (repair, upgrade, and checkout) has two types of customers (upgrade and repair/enhance). A
netineya [11]

Answer:

2upgrade and 21 repair \enhance

6 0
3 years ago
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