Browning's has a debt-equity ratio of .47. what is the equity multiplier?

McGregor allows customers to pay with credit cards. the company charges McGregor 3% of the sale. when a customer uses a credit c

KengaRu [80]

Charge a total of $206

6 0

3 years ago

Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same

Arte-miy333 [17]

Answer:

Fatboy Screamer Total

Direct labor . $ 2,000,000 $ 4,000,000 $ 6,000,000

Indirect materials . $600,000 $1,200,000 $1,800,000

Other overhead . $1,400,000 $2,800,000 $4,200,000

Materials cost . $4,000,000 $12,000,000 $16,000,000

Total cost . $8,000,000 $20,000,000 $28,000,000

Number of units . 2,000 4,000 6,000

Unit cost . $4,000 $5,000 $4,667

Explanation:

Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).

7 0

2 years ago

El Toro Corporation declared a common stock distribution to all shareholders of record on June 30, 20X3. Shareholders will recei

Natasha2012 [34]

Answer:

This distribution is not taxable since Raoul is not earning any money at all (dividend income = $0), but the tax basis on the stocks that he holds will vary.

Before the distribution, Raoul had 310 shares, each share with a $60 tax basis. After the distribution, Raoul will have 465 shares, each share with a $40 tax basis.

7 0

3 years ago

Assume that a firm separately determined inventory under FIFO and LIFO and then compared the results. a. In each dropdown that f

marysya [2.9K]

Answer and Explanation:

As per the data given in the question,

a)

1. FIFO inventory > LIFO inventory

(Because in case of LIFO recent purchases are considered in production first or sold first so the remaining inventory are old inventory which is less costlier.)

2. FIFO cost of goods sold < LIFO cost of goods sold

(Because in case of LIFO recent purchases are considered in production first which are expensive so the cost of production is greater than FIFO.)

3. FIFO net income > LIFO net income

(Because cost of production is less under FIFO and the value of closing inventory is high, therefore the net income is also high.)

4. FIFO income taxes > LIFO income taxes

(Since, income is high in FIFO, therefore the tax under FIFO will be higher.)

b) Management would like prefer to use LIFO over FIFO in periods of rising prices because Income shown in the company's Tax return will be higher if we use FIFO rather than using LIFO.

5 0

3 years ago

If the reserve requirement is 5 percent, a bank desires to hold no excess reserves, and it receives a new deposit of $10, then t

jekas [21]

Answer:

c. will be able to make new loans up to a maximum of $9.50

Explanation:

If the reserve requirement is 5% it means that the bank is required to reserve(not loan out) 5% of it's reserves so in this case the bank is required to 5% of 10 (0.05*10) $0.50 as reserves and can loan out $9.50 (10-0.50). As the bank has no desire to hold on to excess reserves we can be sure that it will only hold 0.50 as reserve as it is required and loan out $9.50. So statement c is correct.

Statement A is incorrect because the bank does not need to increase required reserve by $10 but by just $0.50.

Statement B is incorrect a deposit of $10 cannot increase the total reserve by $10.50 as it is impossible mathematically.

Statement d is incorrect because 2 of the 3 statements are incorrect therefore all of the above statements cant be correct.

8 0

3 years ago