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zheka24 [161]
3 years ago
14

The Bureau of Labor and Statistics (2018) reports that the average earner with a high school diploma will earn about $35,000 per

year, an earner with a bachelor's degree will earn about $59,000 per year. The average salary of the high school graduate is what percent of the college graduate?
a) 2.12%
b) 14.7%
c) 41.5%
d) 59.3%
Business
2 answers:
Westkost [7]3 years ago
8 0
C it’s c because it has to be it
lisabon 2012 [21]3 years ago
8 0

Answer:

d) 59.3%

Explanation:

Given;

Average earning of a high school diploma holder = $35,000 per year

Average earning of a bachelor's degree holder = $59,000

The average salary of the high school graduate is what percent of the college graduate

= ($35,000/$59,000) × 100%

= 59.3%

The right answer is option d) 59.3%

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Exercise 5-12 Presented below is the trial balance of Larkspur Corporation at December 31, 2017. Debit Credit Cash $ 200,490 Sal
shutvik [7]

Answer:

       2017 Balance Sheet

$1,368,060  TOTAL CURRENT ASSETS  

$2,637,630  TOTAL NONCURRENT ASSETS  

$4,005,690  TOTAL ASSETS  

   $792,730  TOTAL CURRENT LIABILITIES  

$1,906,980  TOTAL NONCURRENT LIABILITIES  

$2,699,710  TOTAL LIABILITIES  

$1,305,980  TOTAL EQUITY  

$4,005,690  TOTAL EQUITY + LIABILITIES  

Explanation:

Liquidity it's define as the speed of an assets to be converted to cash,

the assets that take less days to buy or to sold are more liquid than others.

Cash it's the assets most liquid then are the Accounts Receivables and Inventories for last, in the middle exist different assets as Equity investments.

Prepaid expenses are not liquid because these accounts doesn't means the company could get cash if not that the company have  rights over something.

      2017 Balance Sheet

$200,490 Cash

$157,080 Debt Investments  

$410,000 Accounts Receivable

$600,490 Inventory

$1,368,060  TOTAL CURRENT ASSETS  

$264,080 Land

$604,080 Equipment

-$60,000 Accum Depreciation

$1,043,490 Buildings

-$152,000 Accum Depreciation

$195,000 Patents

$280,490 Equity  Investments  

$160,000 Other Assets Intangibles

$302,490 Debt Investments  

$2,637,630  TOTAL NONCURRENT ASSETS  

$4,005,690  TOTAL ASSETS  

$459,080  Accounts Payable  

$94,080   Notes Payable  

$100,080  Accrued Liabilities  

$139,490  Dividends Payable  

$792,730  TOTAL CURRENT LIABILITIES  

$903,490  Notes Payable  

$1,003,490  Bond Payable  

$1,906,980  TOTAL NONCURRENT LIABILITIES  

$2,699,710  TOTAL LIABILITIES  

$1,004,080  Common Stock  

-$195,080  Treasury Stocks  

$83,490    Paid in Capital  

$413,490  Retained Earnings  

$1,305,980  TOTAL EQUITY  

$4,005,690  TOTAL EQUITY + LIABILITIES  

Income Statement  

Sales                         $8,104,080  

Depreciation           -$4,800,000  

MARGEN BRUTO   $3,304,080  

Selling Expenses     -$2,004,080  

Adm Expenses            -$901,820  

Interest Expenses         -$212,820  

Income Statement         $185,360  

Investment Revenue        $64,820  

Gain                                 $81,820  

3 0
3 years ago
Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Whi
ryzh [129]

Answer: a. Accounts Receivable

Explanation:

The Direct Write-off method is usually used by businesses where Uncollectible Receivables are not common. This way when it does occur, they simply debit the Bad Debts accounts and credit the Accounts Receivables to show the event.

This method of Accounting violates the Matching Principle under the Accrual basis because it usually does not recognize bad debts in the same period that the inventory was sold. It only records bad debts when they are declared which could be periods afterwards.

3 0
3 years ago
A married couple filing a joint tax return with combined income under $40,000 both contribute to their self-directed IRAs. Which
serious [3.7K]

Answer:

The answer is: D) growth mutual funds

Explanation:

Since the couple doesn't have that much money to invest and they probably can't afford high investment risks, my best advice would be to invest in mutual funds. Mutual funds provide diversified investments which are generally low risk and long term.

4 0
2 years ago
What factors are encouraging financial institutions to offer overlapping financial services such as banking, investment banking,
Anna11 [10]

Answer:

B. I and II only

Explanation:

I. Regulatory changes allowing institutions to offer more services II. Technological improvements reducing the cost of providing financial services

7 0
3 years ago
Rhonda has an adjusted basis and an at-risk amount of $7,500 in a passive activity at the beginning of the year. She also has a
mixer [17]

Answer:

c. $9,000

Explanation:

a. Adjusted basis in the passive activity: $0

b. Rhonda is facing a net loss of $12,000 from passive operation.

Since it uses $7,500 of the loss to. the total at risk to $0.

c. This year passive loss suspended $7,500

The loss suspended in the prior year is $1,500

So, Therefore, the suspended passive loss passed over to the following years total $9,000

Now, Suspended passive loss $9,000 ($7,500 suspended loss in current year + $1,500 suspended loss in the previous year)

6 0
3 years ago
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