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Mekhanik [1.2K]
3 years ago
5

Sally’s Dress Shop, Inc. reports operating income of $200,000 and interest expense of $18,000. The average common stockholders’

equity during the year was $20,000. The beginning assets balance is $80,000 and ending assets balance is $120,000. What is the leverage ratio? (Round y
Business
1 answer:
Sphinxa [80]3 years ago
7 0

Answer:

5

Explanation:

Given that,

Beginning assets = $80,000

Ending asset = $120,000

Operating income = $200,000

Interest expense = $18,000

Average common stockholders’ equity = $20,000

Average total assets:

= (Beginning assets + ending asset) ÷ 2

= ($80,000 + $120,000) ÷ 2

= $100,000

Leverage ratio:

= Average total assets ÷ Average common stockholders' equity

= $100,000  ÷ $20,000

= 5

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In 2017, the government spent the least amount of money on: Health and Human Services Department.

<h3>What is government spending?</h3>

Government spending can be defined as the amount of money government spent to purchase or acquire goods and services or provide services to the people.

Hence, in the year 2017 the government spent the least amount of money on Health and Human Services Department discretionary spending category compare to others department.

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2 years ago
Give an example of an official in public service who failed to show probity, and explain your
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Answer:

The perfect and perhaps most commonly known is former U.S. President Richard Nixon.

Explanation:

Nixon was President of the United States from 1969 to 1974, he was elected for two periods, but he only finished one and less than half the other one. The reason is that he was embroiled in the Watergate scandal: an espionage campaign of the Democratic Party from Republican officials, including Nixon himself.

With these acts, Nixon, as the highest public official in the nation, failed to show probity, and dishonored the office of the president. He was quick to renounce the presidency, and would have faced legal challenges if not for his Vice President, Gerald Ford, who became president as his replacement, and issued him a presidential pardon immediately after.

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2 years ago
Which of the following statements is true of strategic alliances as disadvantages? a.The fixed costs and associated risks of dev
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They are most beneficial when they join together resources and knowledge in a combination that complies with the VRIO framework.

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3 years ago
Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginnin
ruslelena [56]

Answer:

Estimated manufacturing overhead rate= $23.973 per machine-hour.

Explanation:

Giving the following information:

Estimated total machine-hours= 15,000

The estimated variable manufacturing overhead was $7.36 per machine-hour.

The estimated total fixed manufacturing overhead was $249,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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2 years ago
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows
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Answer: should be b

Explanation:

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