Explain global business planning system in detail

The following transactions occurred during July:

grin007 [14]

Answer:

b. $1,655

Explanation:

Calculation for What was the amount of revenue for July

Cash for services $1,090

Add Services provided on credit $565

Revenue $1,655

($1,090+$565)

Therefore the amount of revenue for July will be $1,655

5 0

3 years ago

In a competitive market with free entry and exit, the process of entry and exit ends when, for the typical firm in the market,

alukav5142 [94]

Answer:

The correct answer is option a.

Explanation:

In a competitive market, there is no limitation on entry and exit, entry and exit are free. The firms in a perfectly competitive market are price takers. They have a horizontal line demand curve which also represents average revenue and marginal revenue.

The firms will enter the market in the long run if the price or marginal revenue is greater than average total cost. The firms will be maximizing their profits if the average total cost is equal to marginal revenue and price.

The firms will exit the industry if price and marginal revenue fall below the average total cost.

3 0

3 years ago

The liabilities and owners' equity for Campbell Industries is found here: LOADING.... a. What percentage of the firm's assets

Alenkasestr [34]

Answer: a. 29.01%

b. 44.4%

Explanation:

a) This question is asking for the Debt to Asset Ratio which checks how much of a Firm's assets are financed by debt.

It is calculated by dividing Total Liabilities by Total Assets.

Total Assets from the Accounting Equation is the sum of Liabilities and Equity.

The question gives that as $6,595,000.

The Total Liabilities can in like manner be calculated by subtracting Total Equity from Assets.

The Total Equity is given by as $4,682,000.

Total Liabilities are therefore,

= $6,595,000 - $4,682,000

= $ 1,913,000

The Debt to Asset Ratio is therefore,

= Total Liabilities / Total Assets

= 1,913,000 / 6,595,000

= 0.2901

Debt to Assets Ratio = 29.01%

29.01% of the firm's assets are financed by debt.

b) $1.4 million in debt is used to buy a new warehouse. This means that both debt and Assets increase by 1.4 million.

The New Debt to Asset Ratio will be,

= Total Liabilities / Total Assets

= (1,913,000 + 1,400,000) / (6,595,000 + 1,913,000)

= 3,313,000 / 7,995,000

= 0.41438

= 41.44%

The New Debt ratio is 41.44%

I have attached the missing part from a similar question below. Check with your question to see if the figures tally and adjust accordingly if they don't.