Answer:
0.73
Explanation:
Debt to equity ratio is calculated as Total debt / Total equity
= $0.8 million / $1.1 million
= 0.73
Therefore, debt to equity ratio is 0.73
Answer:
b. Has unlimited liability for its partners.
Explanation:
Both partnerships and sole proprietorships are very common forms of business, are relatively easy to create, and they are both pass through entities, but they also have a commons disadvantage: their owners are personally for the business' obligations. That means taht if things go wrong, their owners will have to use their other personal assets to covers for any liabilities.
Answer:
$48,840.00
Explanation:
If the average income is $37,000
A graduate expects to earn 32% above average.
The graduate will earn $37,000 +( 32% of $37,000)
=$37,000 +(32/100 + 37,000)
=$37,000 + $11,840.00
= $48,840.00
Answer:
Explanation:
step 1
Inventory after purchase adjustment = Inventory as per periodic inventory system + Adjustment of purchase
=$245,770+$28,480
=$274,250
Explanation
Company S has account as per the periodic inventory system of $245,770. Company S made purchases of about $28,480 from Person P with the condition that the FOB shipping point is to be included in the record as per periodic system. The commodities are supplied by the vendor and goods are in transit.
step 2
Compute the amount of inventory which is to be reported by Company S on December 31 as given below:
Value of inventory = Amount after purchase adjustment + Sales adjustment
=$274,250+$24,980
=$299,230
Explanation
When Company S sold the supplies to Company A with a cost of $28,480 at a sales price of $39,990. The commodities are sold at state of FOB destination which literally can be referred to mean that until and unless Company S make available the goods at destination of Company A, sale is not assumed to be complete. The commodities are still in transit which reveals that the sale to Company A won’t be recorded as sale for the period. The cost of stock is to be integrated in the cost of inventory.
Answer:
The definition given by the person is M0
M1 will also include other forms which are equivalent to cash or considered "near cash" as can be converted into currency in less than 90 days These are the most liquid assets a person or firm can get:
- and other checkable deposits.
- negotiable order of withdrawal (NOW)
Explanation: