Answer:
Sunrise Enterprises
Impact of Selected Transactions on the Current Ratio:
Current Ratio Current Assets Current Liabilities
(1) increase increase no change
(2) decrease no change increase
(3) decrease decrease no change
(4) increase increase no change
Explanation:
a) Data and Calculations:
Current assets = $1,090,000
Current liabilities = $602,000
Current ratio = 1.8 ($1,090,000/$602,000)
b) The current ratio (the ratio of current assets to current liabilities) is affected by increases or decreases in current assets without equal increases or decreases in current liabilities and vice versa.
Answer:
isΔ PdΔ Ps=EQs, PEQd,PAs given in the question, 40=EQs, P−0.5This perfectly elastic supply shows the burden of tax is imposed completely on the consumer, indicating the elasticity of supply is infinite.
Answer:
B. pay-as-you-go.
Explanation:
Pay-as-you-go business model is one in which the consumer is only charged for what he utilised, the more he uses a product the more he will pay.
This business model provides great satisfaction for the customer because he perceives it as a fair payment system where there is no overcharging for use of a product.
TravelCheap Inc. is using pay-as-you-go. Customers that rent cars for long journeys pay more than those that rent for just a mile drive.
Answer:
The correct answer is: Equal to the taxes paid divided by taxable income.
Explanation:
The effective tax rate is the ratio of the total tax burden of an individual and their taxable income. It is considered as a better representative of the tax burden of an individual than the marginal tax rate.
It shows the average rate at which an individual's income and assets are taxed. The effective tax rate of an individual is lower than the marginal tax rate.
To calculate the effective tax rate, the individuals can add their total tax burden and divide the sum by their taxable income. It represents the percentage of taxable income that an individual has to pay as taxes.
Answer:
the price of the bond is $1,174
Explanation:
The computation of the price of the bond is shown below:
Given that
Future value = $1,000
NPER = 12 × 2 = 24
PMT = $1,000 × 9% ÷ 2 = $45
RATE = 6.85% ÷ 2 = 3.43%
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the price of the bond is $1,174
We simply applied the present value formula