Based on the information given the current ratio is:1.4.
<h3>Current ratio</h3>
Using this formula
Current ratio=Current assets/Current liabilites
Where:
Current assets=$191,800
Current liabilities=$137,000
Let plug in the formula
Current ratio=$191,800/$137,000
Current ratio = 1.4
Inconclusion the current ratio is:1.4.
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Based on the information given Andrew’s net federal income tax rate is c. 11.8%.
Using this formula
Net federal income tax rate=Federal income taxes / Taxable income
Where:
Federal income taxes= $5,345.40
Taxable income=$45,300
Let plug in the formula
Net federal income tax rate=$5,345.40/$45,300
Net federal income tax rate=0.118×100
Net federal income tax rate=11.8%
Inconclusion Andrew’s net federal income tax rate is c. 11.8%.
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Answer:
$7.90 per unit
Explanation:
The computation of the minimum price on these defective units is shown below:
It is equivalent to the selling & admin variable cost per unit i.e. $7.90 per unit
oAs all the other cost would be considered as a sunk cost because the product is already generated and the fixed cost is not considered as it would remain the same whether the production is increase or not
Therefore the second option is correct
Answer: The answer is c $1,080 $560
Explanation:
The journal entry will be
Dr: common stock $200 million
Dr: paid in capital $180 million
In the stockholders equity section , the treasury stock is seen as a separate line item in the stockholders equity. The treasury stock will be deducted from the total stockholders equity. The treasury stock is not a part of paid in capital nor part of the retained earning.
Therefore the balance in the paid in capital excess of par Retained Earnings is 1,080 $560
Answer:
a. Some of your printing processes utilize chemicals that require press operators to wear masks during production.<u> </u><u>Health and safety risks.</u>
Those chemicals present a health and safety risk because a person can get sick if they do not wear the masks.
b. Because of increased profits in the last 5 years, you have been able to increase staffing levels by 25%. <u>Increase employment.</u>
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c. The business is a member of the local Chamber of Commerce and supports local community charities. <u>Improve the quality of life</u>
The business supports local charities which shows that it aims to improve the quality of life.
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d. The business is the only one in town to offer 48-hour turnaround on printing projects. <u>Offer valuable products</u>
The business is the only one offering this service so it is offering valuable services.
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e. The business uses ink that is shipped in bulky, non-recyclable ink containers. <u>Environment damage</u>
Ink is bulky and containers are non-recyclable. This will cause environmental damage.
