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podryga [215]
3 years ago
10

Heart of Tennessee Telecom has these account balances at December​ 31, 2016​:

Business
1 answer:
Komok [63]3 years ago
3 0

Answer:

Explanation:

a. Current ratio = current assets/ current liability

= current assets= 2,300+5,700+3,500= 11,500

Current liability= 3,000+3700= 6,700

Current ratio = 11,500/3700

= 1.72

b. How much in current assets does Heart of Tennessee Telecom have for every dollar of current liabilities that it​ owes?

It has $1.72

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Answer: $4,050,000

Explanation:

Increase in net worth shows the after tax gain that the person got after the land in question increased in value.

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3 0
3 years ago
The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia
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Answer:

a. $349,700

b. $209,900

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The computation is shown below:

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-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

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(b) Cash paid for operating expenses is

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5 0
3 years ago
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nata0808 [166]

Answer:

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7 0
3 years ago
Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a(n)
OleMash [197]

Answer:

Reversionary interest

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If Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a reversionary interest.

A reversionary interest can be defined as a property law (deed) which states that when a property such as a land transfer is used on a clause; “for so long as” or “on condition that."

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This ultimately implies that, if a property stated in the deed is not used or used, for certain purposes.

<em>In this scenario, Larry owns a reversionary interest because he gifts a land to the school district, but in the deed he stated "for so long as the land is used for a school." </em>

4 0
3 years ago
How does competition affect markets?​
777dan777 [17]

Answer:

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6 0
3 years ago
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