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Ainat [17]
4 years ago
15

Mitchell Florists reported assets of $1,400 and equity of $350. What is its debt ratio? (Round your percentage answer to two dec

imal places.)
Business
1 answer:
Luba_88 [7]4 years ago
8 0

Answer:

Debt ratio = 3 : 1

Explanation:

Asset = Capital

Capital = Debt + Equity

I.e Asset = Debt + Equity

1400 = D + 350

D = 1050

Debt ratio = Debt / Equity

Debt ratio = 1050/350

Debt ratio = 3 : 1

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How are national debt and deficit related?
egoroff_w [7]
Deficit is the budget between the government spending and the income of the government in 1 year. National Debt is the collected budget deficit for every single year ever since the country existed. So that shows that the budget deficit of the budget planner of any country is related to the national debt of the U.S.
4 0
3 years ago
What two items were on mr. liottas resume that should have been excluded?
andrey2020 [161]
You didn't provide the resume but what shouldn't be found on a resume is anything that is not related to the job itself. For example, if you're applying to be a teacher, putting that you worked as a waiter in a restaurant might not be useful because it's not relevant for your profession. Also, obscure personal things should probably be excluded like for example saying that you are a professional bagpipe musician since it would seem a bit odd to the employer in the regular job market.
4 0
3 years ago
Ryan's Express has total credit sales for the year of $189,000 and estimates that 3% of its credit sales will be uncollectible.
VikaD [51]

Answer:

a. Date  Account title                             Debit    Credit

              Bad debt expenses                 $4,745

              (3%*189,000 - $925)

                     Allowance for doubtful account    $4,745                

              (To record the adjusting entry)

a. Date  Account title                             Debit    Credit

              Bad debt expenses                 $1,505

              (3%*189,000 - $385)

                     Allowance for doubtful account    $1,505                

              (To record the adjusting entry)

8 0
3 years ago
Under what category of expense do manufacturing wages fall?
vlada-n [284]

Answer:

Direct expenses

Explanation:

Manufacturing expenses are categorized into direct and indirect expenses.

Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.

Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.

8 0
3 years ago
Which of the following would be expected to cause the quantity of wool supplied to decrease? A. A decrease in the price of wool
kati45 [8]

Answer:

B. A decrease in the number of wool producers

Explanation:

As number of wool producers decreases the quantity supplied of wool will also decreased. There will be less quantity of wool in the market and quantity of wool will also reduce relatively. All the other options does not effect the supply quantity of wool. So, the correct answer is B. A decrease in the number of wool producers

8 0
3 years ago
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