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Shtirlitz [24]
3 years ago
11

When completing a worksheet, the

Business
1 answer:
Radda [10]3 years ago
4 0

please elaborate i dont understande what your asking.

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A firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. What is the ratio of the book value of debt to the mark
ahrayia [7]

Answer: 0.25

Explanation:

The The debt-to-equity ratio is calculated when the total liabilities of w company is divided a by the shareholder equity while the book-to-market ratio is used to know a company's value by comparing the book value of the company to its market value.

Since the firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. The ratio of the book value of debt to the market value of equity will be:

= 0.5/2

= 0.25

5 0
2 years ago
In 2021, the Marion Company purchased land containing a mineral mine for $1,150,000. Additional costs of $448,000 were incurred
babymother [125]

Answer:

Marion Company

a1) Depletion of the Mine for two years:

2018: 41,000/310,000 * $1,488,000 = $196,800

2019: 51,000/397,500 * $1,488,000 = $190,913

a2) Depreciation of Mining Facilities:

2018: 41,000/310,000 *$102,300 = $13,530

2019: 51,000/397,500 * $102,300 = $13,125

a3) Depreciation of Mining Equipment

2018: 41,000/310,000 *$46,500 = $6,150

2018: 51,000/397,500 * $46,500 = $5,966

b) Book Values December 31, 2019:

1) Mineral Mine:

Cost = $1,598,000

Accumulated Depletion $387,713 (2018 & 2019)

Book Value = $1,210,287

b2) Structures:

Cost = $102,300

Accumulated Depreciation $26,655 (2018 & 2019)

Book Value = $75,645

b3) Equipment:

Cost = $51,500

Accumulated Depreciation $12,116

Book Value = $39,384

Explanation:

a) Cost of Mine:

Land              $1,150,000

Development $448,000

Less Resale    ($110,000)

Total cost =  $1,488,000

b) Cost of Facilities or Structure:

Building cost = $102,300

c) Cost of Equipment = $51,500 - $5,000 = $46,500

d) Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources.  It is like depreciation and amortization, which lower the cost value of an asset incrementally through periodic charges to income.

e) Depreciation is an accounting method for allocating the cost (the value used up) of a tangible or physical asset over its useful life.

5 0
3 years ago
Lancaster salesperson Jamie Dafe has begun to branch out into mortgage brokering. She continues to show homes to clients, but ha
SSSSS [86.1K]

Answer:

A) Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.

Explanation:

The loan application must include information regarding the real estate broker and must be signed by both the borrower and the broker.

Section 10241 (i) of the California Business and Professions Code, Article 7 requires:

<em>"A statement containing the name of the real estate broker negotiating the loan, his or her license number, and the address of his or her licensed place of business."</em>

6 0
3 years ago
On March 1, Warwick’s Co., a women’s clothing store, purchased $72,900 of merchandise from a supplier on account, terms FOB dest
Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Merchandise inventory Dr, $72,900

         To Accounts payable $72,900

(Being purchase is recorded)

Here we debited the Merchandise inventory as assets is increasing and we credited the Accounts payable as liabilities is also increasing.

2. Accounts payable Dr, $8,036 ($8,200 - ($8,200 - 2%)

                To Merchandise inventory $8,036

(Being merchandise return is recorded)

Here we debited the accounts payable as liabilities is decreasing and we credited the Merchandise inventory as assets is decreasing.

3. Accounts payable Dr, $64,864 ($72,900 - $8,036)

              To Cash $64,864

(Being payment is recorded)

Here we debited the accounts payable as liabilities is decreasing and we credited the cash as assets is decreasing.

4 0
2 years ago
A business concept is a concise description of an opportunity that does not include
chubhunter [2.5K]

it contains four elements:<span>
<span>the product or service </span>
<span>the customer </span>
the benefit
<span>the distribution</span></span>

7 0
2 years ago
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