Purchase goods from Hari Rs 30,000 and partial payment Rs 20,000 (journal entries)

The Maurer Company has a long-term debt ratio of .50 and a current ratio of 1.40. Current liabilities are $970, sales are $5,190

bekas [8.4K]

Answer:

$7,210.1065

Explanation:

The computation of net fixed assets is shown below:-

But before that we need to do the following calculations

Current Ratio = Current Assets ÷ Current Liabilities

Current Assets = 1.40 × $970

= $1,358

Profit Margin = Net Income ÷ Sales

= 9.30% = Net income ÷ $5,190

Net income = $5,190 × 9.30%

= $482.67

ROE = Net Income ÷ Shareholders Equity

16.90% = $482.67 ÷ Shareholders Equity

Shareholders Equity = $482.67 ÷ 16.90%

= $2,856.0355

Long-term debt ratio = Long term debt ÷ (Long term debt + Equity)

0.50 = Long term debt ÷ (Long term debt + $2,856.0355)

Long term debt = 0.50 × Long term debt + $2,856.0355

0.5 × Long term debt = $2,856.0355

Long term debt = $2,856.0355 ÷ 0.50

= $5,712.071

Total Assets = long term debt + Equity

= $5,712.071 + $2,856.0355

= $8,568.1065

Now

Total Assets = Current Assets + Fixed Assets

$8,568.1065 = $1,358 + fixed assets

So, the fixed asset is

= $8,568.1065 - $1,358

= $7,210.1065

7 0

3 years ago

The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t

adelina 88 [10]

Answer:

In marketing, brand management begins with an analysis on how a brand is currently perceived in the market, proceeds to planning how the brand should be perceived if it is to achieve its objectives and continues with ensuring that the brand is perceived as planned and secures its objectives.

8 0

3 years ago

Which statement is true according to the article?Choose one:A. Chilean companies aim to improve their wine distribution in China

Rufina [12.5K]

Answer:

The answer is "Option A".

Explanation:

In this question, the first choice is correct because the Chilean organizations continue to improve the existing wine business in the country of China, with Chile aiming to the advantage of the military conflict as well as expand its position in the Chinese beverage (wine) market though the wider optimization.

4 0

3 years ago

(c)

ladessa [460]

Answer:

The changes suggested increase income by 16,000 therefore is a good idea to made the changes

Explanation:

Your Mistake is that fixed expenses should remain constant with a sales increase

Current New

Sales $800,000 $ 912,000

Variable $ 480,000 $ 576,000

Contribution $ 320,000 $ 336,000

Fixed $ 270,000 $ 270,000

Net Income $ 50,000 $ 66,000

7 0

3 years ago

By linking a Google My Business account with a Google Ads account, you're able to create location extensions. Which information

AleksandrR [38]

Answer:

They display:

phone number
business address;
a map marker along with the business owner's ad text.

Explanation:

Location extensions give the opportunity a business owners to display the following:

phone number
business address;
a map marker along with the business owner's ad text.

Location extensions are of two types:

1. Google Ads location extensions also give the opportunity to display phone number, business address; and a map marker along with the business owner's ad text.

2. Affiliate location extensions make it easy to discover a retail chains outlet that is nearby selling what you want to buy. The purpose is to serve the owners of retail chains outlets who want customers who are making decisions on what and where to buy commodities to find their outlets.

3 0

3 years ago

Purchase goods from Hari Rs 30,000 and partial payment Rs 20,000 (journal entries)​

Purchase goods from Hari Rs 30,000 and partial payment Rs 20,000 (journal entries)