1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksenya-84 [330]
3 years ago
5

Robert Sampson owns a townhouse valued at $185,000 and still has an unpaid mortgage of $150,000. In addition to his mortgage, he

has the following liabilities:
Visa $ 755
MasterCard 380
Discover card 555
Education loan 3,900
Personal bank loan 650
Auto loan 6,000
Total $ 12,240
Robertâs net worth (not including his home) is about $39,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property.
Required:
a. What is Robertâs debt-to-equity ratio?
Business
1 answer:
AlexFokin [52]3 years ago
8 0

Answer:

0.31

Explanation:

Given that,

Visa = $ 755

MasterCard = 380

Discover card = 555

Education loan = 3,900

Personal bank loan = 650

Auto loan =  6,000

Total debt  (not including mortgage) = $12,240

Net Worth (not including home) = $39,000

Robert's debt-to-equity ratio:

= Total debt ÷ Net worth

= $12,240 ÷ $39,000

= 0.31

You might be interested in
Which of the following statements is true of low customer contact businesses? a. Customer access is relatively important when co
Neko [114]

Answer:

the answer is B

Explanation:

why ? most of the company's care about the customer , but it depends how big is their market and also what they are offering , so the small restaurants or even dry cleaners , their business are not without huge demand , the customer and the restaurant have a low contact, or the usually use a complaints and claims box where the customer can express your opinion of the restaurant service.

3 0
3 years ago
1.A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by Dar
Sedaia [141]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, the computation of the given data are as follows:

Amount = $10,000

Interest rate = 6%

So total interest amount = $10,000 × 6% = $600

So, the cash amount = $10,000 - $600 = $9,400

So, it shows increase in cash for $9,400.

The journal entry for the given data are as follows:

Cash A/c Dr $9,400

Interest A/c Dr $600

To Notes payable A/c $10,000

(Being the Notes payable is recorded))

7 0
3 years ago
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
Charra [1.4K]

Answer:

Total cost= $955

Explanation:

<u>Giving the following information:</u>

Direct labor cost per hour= $12

Predetermined overhead rate= $18 per direct labor hour

<u>Job M-47 :</u>

Direct material= $355

Number of direct labor hours= 20

Total cost= 355 + 12*20 + 18*20

Total cost= 355 + 240 + 360

Total cost= $955

6 0
2 years ago
Identical products, as well as a large number of buyers and sellers, are characteristics of a perfectly competitive market. In s
Rus_ich [418]

Answer:

The correct answer is True.

Explanation:

A perfectly competitive market has the following characteristics:

• There are many buyers and sellers in the

market.

• The goods offered by the different sellers

They are largely identical.

• Companies can freely enter and exit the

market.

As a result of these characteristics, perfectly competitive markets, result in:

• The actions of any buyer or seller

have an insignificant impact on the price of

market.

• Each buyer and seller takes the prices of

Market as dice.

A competitive market has many buyers and sellers trading with identical products so that each buyer and seller is price-accepting.

• Buyers and sellers must accept the price

determined by the market.

6 0
2 years ago
8. Exam. Semester Exam
Black_prince [1.1K]

Answer:

D. The formation of a labor union​

Explanation:

The formation of a labor union will likely lead to an increase in wages because of two main reasons:

  • Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.
  • Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become.

5 0
2 years ago
Other questions:
  • When sending workplace e-mails, it is important to
    10·1 answer
  • Roosevelt Corporation has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expecte
    15·1 answer
  • Which payment method typically charges the highest interest rate
    10·1 answer
  • Round Hammer is comparing two different capital structures: An all-equity plan (Plan l) and a levered plan (Plan Il). Under Plan
    11·1 answer
  • What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected
    13·2 answers
  • On January 1, year 1, a company grants 5,000 nonqualified stock options to an employee with a strike price of $3 per option and
    7·1 answer
  • Gdp most commonly used measurement
    11·1 answer
  • To use an outline for writing a formal business document, what should you do after entering your bottom-line statement? O A. Mov
    8·2 answers
  • My bunnies Lola (gray and white) and Sylvester (brown)
    13·1 answer
  • When managers are flexible, creative and willing to learn from mistakes, they are addressing which aspect of emerging public iss
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!