Answer:
Gross profit margin requires revenue and gross profit of the company.
Current ratio = 1.386 x
Debt ratio = 0.123 x
Explanation:
Gross profit margin requires revenue and gross profit of the company which is provided in the question but it can be calculated using this formula ; Total revenue / gross profit . where Gross profit = Revenue - cost of goods sold
Current ratio is calculated using the formula ; current assets/ current liabilities lets assume the left column is for the most recent year then current ratio = 4612200/3325950 = 1.386x
Debt ratio is calculated using the formula ; total debts/total assets lets assume once more that the left column is the most recent year. note; total debts = long term + current notes payable = 454800 + 277550
therefore debt ratio = 732350 / 5957800 = 0.123x
attached is the income statement and balance sheet
Answer:
The own price elasticity is 0.28.
The demand for good a is inelastic.
Explanation:
The price elasticity of demand for a product is the change in the quantity demanded of a product due to a change in its price.
When the price of good A increases by 7% the quantity demanded of that product decreases by 2%.
The own price elasticity of demand
= 
= 
= 0.28
The elasticity of demand is less than 1, this implies that demand is inelastic.
A greater change in price is leading to a smaller change in quantity demanded.
It is a the answer is yep it is A
Answer:
Goodwill = $35,000
<u>Journal</u>
J1
Investment in Marino $300,000 (debit)
Cash $300,000 (credit)
J2
inventory $10,000 (debit)
equipment $230,000 (debit)
Trade Receivable $25,000 (debit)
Goodwill $35,000 (debit)
Investment in Marino $300,000 (credit)
Explanation:
Goodwill is the excess of Purchase price over fair value of Assets and Liabilities transferred in a Business combination agreement.
Goodwill = Purchase price - Net Assets Transferred (fair value)
= $300,000 - ($10,000+$230,000+$25,000)
= $35,000
