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UNO [17]
3 years ago
8

Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.7 million shares outstandin

g. The firm's total capital is $110 million and it finances with only debt and common equity. What is its debt-to-capital ratio
Business
1 answer:
neonofarm [45]3 years ago
6 0

Answer:

35.91%

Explanation:

The formula and the computation of the debt to capital ratio is shown below:

The debt to capital ratio equals to

= (Debt ÷ total invested capital) × 100

where,

Debt = Total capital - stock price × number of shares outstanding

= $110 million - $15 × 4.7 million shares

= $110 - $70.5 million

= $39.5 million

And, the total invested capital is $110 million

So, the debt to equity ratio is

= $39.5 million ÷  $110 million

= 35.91%

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The 2013 annual report of Dow Chemical disclosed the following: Deferred tax assets decreased by $1,503 million and deferred tax
Arisa [49]

Answer:

The correct option is (c) Increase tax expense by $1,541 million

Explanation:

Step 1. Given information.

  • Decrease in Deferred Tax Asset 1503 Million
  • Increase in Deferred Tax Liabilities 38 Million

Step 2. Formulas needed to solve the exercise.

Increase in Tax Expense= Decrease in Deferred Tax Asset + Increase in Deferred Tax Liabilities  

Step 3. Calculation.

Increase in Tax Expense = 1503+38 =  1541 Million  

Step 4. Solution.

The correct option is (c) Increase tax expense by $1,541 million

5 0
3 years ago
All of the following will occur if the government places an effective price ceiling on candy bars except:
miskamm [114]

Answer:

c. there will be a surplus of candy bars. 

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If a price ceiling is effective, the price ceiling is set below equilibrium price.

If price is set below equilibrium price, the quantity supplied would fall and this would lead to an excess of demand over supply. Also, scarcity of the product for which a price ceiling has been set would occur.

A black market would occur. There would be a drop in the quality of product as sellers would be trying to maximise profits.

I hope my answer helps you

6 0
4 years ago
Job specifications can be defined as: a. planned sequences of jobs through which employees may advance within an organization. b
Alona [7]

Answer:

Option d would be the correct approach.

Explanation:

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  • This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.

Many examples do not apply to the subject being discussed. So option d is indeed the right one.

4 0
3 years ago
Businesses collect
Neporo4naja [7]
Businesses collect demographic information on where people live, what they buy, and how they spend their time. Businesses collect demographic information on where people live, what they buy, and how they spend their time.
8 0
3 years ago
Which career pathways involve high risk due to exposure to dangers?
kotegsom [21]

Answer:

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Explanation:

8 0
3 years ago
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