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gregori [183]
3 years ago
14

Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.83 times at the end of 2008. If the firm's tota

l debt at year-end was $9.20 million, how much equity does Trina's Trikes have?
Business
1 answer:
navik [9.2K]3 years ago
4 0

Answer:

Trina's Trikes have equity of 5.03 million

Explanation:

Debt to equity ratio is the rate of debt as compared to equity of the firm.

We can calculate the amount of equity by using formula of debt to equity

Debt to equity = Total Debt / Total equity

1.83  = 9.2 million / Total equity

Total Equity = 9.2 million / 1.83

Total Equity = 5.03 million

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A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:
ycow [4]

Answer:

e. any of the other answers can occur.

Explanation:

The reason for the decision above is variances are not dependent on the direct material quantity variance and the calculation of all is differ. We also know the total direct material variance is total of material quantity & price variance that is because total variance may be favorable or unfavorable. And the option(d) direct labor efficiency variance do not relate with material variance.

7 0
3 years ago
drag the tiles to the correct boxes to complete the pairs. compare the sources of consumer credit travel and entertainment credi
lesya [120]

  1. Travel and Entertainment Credit    -     Consumers use cards with no interest and non-revolving balance.
  2. Revolving Check Credit                 -      Consumers use prearranged loan using special checks.
  3. Closed-End Credit                          -       Consumers pay off dept and credit is automatically renewed.
  4. Revolving Credit                             -       Consumers take out a loan with a repayment date and have a specific purpose.

<h3>What is meant by Consumer Credit?</h3>

Consumer credit refers to debt incurred by an individual to pay for products and services. An example of consumer credit is a credit card.

Consumer credit might refer to any sort of personal loan, although it is more frequently used to denote unsecured debt that is incurred to pay for regular products and services. Consumer debt can, however, also refer to secured loans like mortgages and auto loans.

Installment credit is given for a predetermined time period and is utilized for a specified purpose.

Open-ended revolving credit is a type of loan that can be applied to any kind of transaction.

To learn more about consumer credit from given link

brainly.com/question/14345325

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4 0
1 year ago
The cash flows for a perpetuity continue into the future indefinitely. An example of a perpetuity is: preferred stock. corporate
Svetradugi [14.3K]
The right answer for the question that is being asked and shown above is that: "corporate bonds."The cash flows for a perpetuity continue into the future indefinitely. An example of a perpetuity is: <span>corporate bonds</span>
5 0
3 years ago
Bob bought some land costing $16,390. today, that same land is valued at $46,817. How long has bob owned this land if the price
faltersainse [42]

Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.

We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.

Compounding means calculating amount on the principal and the amount added interest.

Rate of increasing the price of land be 6%.

Price when Bob bought the land=$16390.

Price of land today=$46817.

It is like compounding of interest and the sum is calculated as under:

S=P*(1+r)^{n}

In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.

46817=16390(1+0.06)^{n}

46817/16390=(1.06)^{n}

(1.06)^{n}=2.8564

(1.06)^{n}=(1.06)^{18}  (Approximately)

From both the sides we will get n=18.

Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Learn more about compounding at brainly.com/question/2449900

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4 0
1 year ago
What percent of the bill should you offer as tip to a salon stylist?
skad [1K]

Answer:

c or d

Explanation:

6 0
3 years ago
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