Answer:
Option (a) is correct.
Explanation:
Total liabilities and shareholders equity:
= total liabilities + common stock + retained earnings
= $801,540 + $1,020,000 + $132,260
= $1,953,800
Current assets = $1,753,812
Non current assets:
= Total liabilities and shareholders equity - Current assets
= $1,953,800 - $1,753,812
= $199,988
Therefore, the total amount of non-current assets is $199,988.
Answer:
voluntary contribution $97150
Explanation:
data provided:
tax rate: 2.3%
reserve ratio- 8-10%
average payroll = $971,500
Assume voluntary contribution ="X
"
From the information given in the question we have
%
here we have taken max reserve ratio i.e. 10%
= $97150
we know that, from the question present contribution minus benefit is equal to $93,500
hence, extra contribution = 97150 - 93500 = $3650
extra contribution = $3650
That statement is False.
An Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.
Answer:
The warranty period is for three years.
Explanation:
A warranty is a promise a buyer receives from the seller that the latter will repair or replace the product should it develop defects within a stated period. Warranties are granted with specific conditions. The universal condition is that the defects in the product are a result of the manufacturing process and not the buyers' misuse. The defect must occur within a stated period.
In the case of XYZ, the stated period is three years. However, the seller has introduced another condition of "or 30,000 miles whichever comes first." For business reasons, and from market experience, the seller expects that XYZ will use the vehicle at an average rate of 10,000 miles per year. At this rate, the warranty will last for three years. Should the buyer use the vehicle at a faster rate than this, the 30,000 miles will be exhausted earlier, which will bring the warranty to an end. If XYZ uses the vehicle at a slower or the expected rate, the warranty will last for three years.
Answer:
Business risk.
Explanation:
Business risk (uncertainty associated with the ability to forecast EBIT due to factors such as sales variability and operating leverage).
