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gizmo_the_mogwai [7]
3 years ago
11

Converse Florists​ & Co. reported assets of $ 1 comma 200 and equity of $ 350. What is its debt​ ratio? (Round your percenta

ge answer to two decimal​ places.)
Business
1 answer:
Bas_tet [7]3 years ago
7 0

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%.

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While rules are made to be followed, it is inevitable that some will be broken or not followed at all. In working information en
Alex Ar [27]

Answer:

Rules and policies implemented in an organization need to be followed by all the employees. If any employee lacks compliance it could result in negative impact to business activities.

Explanation:

If an employee is hired as IT professional in the company, he is given rules and guidelines in his induction and orientation. These are to be followed by him in any case. If the new employee faces a situation in which some colleague ask him to give password to the restricted files he should immediately deny for doing so. If he gives the password the files can be altered and company data may be haccked.

7 0
3 years ago
If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales
seraphim [82]

Answer:

15,000 units

Explanation:

The computation of the  break even point in units after considering the desired profit is shown below:

= (Fixed cost + desired operating income) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $250 - $130

= $120

And the other values of items will remain the same now placing these values in the formula above.

So the units would be

= ($1,500,000 + $300,000) ÷ ($120)

= ($1,800,000) ÷ ($120)

= 15,000 units

7 0
4 years ago
When Subway uses selective stores around the country to introduce a new food item, the food item
Anna35 [415]

Answer: True

Explanation:

Because Subway is getting lot of profit on their selective stores around the country to introduce a new food item and from its growth stage.

7 0
2 years ago
Should a registered representative enter into a private securities transaction that would entail earning compensation, the emplo
Andre45 [30]

The employing member will have the opportunity to approve or disapprove of the associated person's participation.

“Registered representative” is a term that describes a person who is licensed to shop for and promote securities for customers and is subsidized by using a firm registered with the financial industry Regulatory Authority (FINRA).

Independent broker-dealers feature as complete-provider brokerage companies, however, continue to be unfastened from the limitations and demands of a large Wall Street corporation. RIAs are independent fiduciaries who may accomplice with several broker-sellers, promoting a variety of products and services.

Registered representatives constitute customers within the buying and selling of investment merchandise including stocks, bonds, and mutual budgets. Many manage complicated trades or complicated products which can be out of doors the abilities of online trading.

Learn more about Registered representatives here brainly.com/question/26179492

#SPJ4

7 0
2 years ago
Taco Hut purchased equipment on May 1, 2018, for $15,000. Residual value at the end of an estimated 8-year service life is expec
Ugo [173]

Answer:

2018: 8 months

Depreciation= $916,67

2019: full year

Depreciation= $1375

Explanation:

Giving the following information:

Taco Hut purchased equipment on May 1, 2018.

Price:  $15,000.

Residual value: $4,000

Useful life: 8 year

We need to calculate the depreciation for 2018 and 2019 using straight-line method:

Depreciation= (purchase price- residual value)/useful life

Depreciation= (15000-4000)/8= $1375

2018: 8 months

Depreciation=(1375/12)*8= 916,67

2019: full year

Depreciation= $1375

7 0
3 years ago
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