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3 years ago

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.

Business

1 answer:

Lelechka [254]3 years ago

8 0

Answer:

a. Current ratio = current assets / current liability

2018 = 276,942 / 232,631 = 1.19

2019 = 336,199 / 331,302 = 1.01

b. Quick ratio = (current assets - inventory) / current liabilities

2018 = (276,942 - 126,088) / 232,631 = 0.65

2019 = (336,199 - 192,061) / 331,302 = 0.44

c. Cash ratio = (cash + cash equivalents) / current liabilities

2018 = 45,262 / 232,631 = 0.19

2019 = 57,602 / 331,302 = 0.17

d. Debt-equity ratio = debt / equity

2018 = 515,942 / 374,636 = 1.38

2019 = 511,949 /408,931 = 1.25

equity multiplier = assets / equity

2018 = 890,578 / 374,636 = 2.38

2019 = 920,880 /408,931 = 2.25

e. Total debt ratio = debt / assets

2018 = 515,942 / 890,578 = 0.58

2019 = 511,949 / 920,880 = 0.56

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Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery an

Jet001 [13]

Answer:

The answer is: A) The new machinery can be depreciated using the same method or different method than the previously purchased machinery

Explanation:

Their is no rule that requires a business to always use the same depreciation method for the assets they purchase.

The most common depreciation methods include:

Straight-line.
Double declining balance.
Units of production.
Sum of years digits.

Depending on the asset a business may consider one depreciation method that better suits it, and another depreciation method for their other assets.

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4 years ago

Jennifer has been highly unproductive at work for the last few weeks and is counseled regarding organizational policies and rule

Anton [14]

Answer: positive

Explanation:

Based on the happening in he question, the method used is the positive discipline approach

This approach seeks ways to help an employee when the employee isn't being productive at his or her workplace. The positive actions are being seeked and necessary ways to bring the worker back to his or her feet will be utilized.

This is the method used in order to being Jennifer back on track and.make her productive again.

7 0

3 years ago

Mr. James purchased a vacation house in Los Angeles on July 1, 2017. The purchase price was $1,000,000, and Mr. James spent $10,

dedylja [7]

Answer:

= $210,000

Explanation:

The question is to determine the income realized by Mr. James in 2019

The income is calculated as follows:

First, the basic information for calculation:

The Purchase price for the vacation house = $1,000,000

Spent Capital additions = $10,000

2019 worth of the house = $1,200,000

Secondly, based on the extracted figures, the income is calculated as follows

Income realised in 2019 = 2019 worth of the house - (Purchase Price - capital addition)

= $1,200,000 - ($1,000,000 - $10,000)

= $1,200,000 - $990,000

= $210,000

4 0

3 years ago

Your customer, age 68, that has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to

schepotkina [342]

Answer:

He should roll the funds over into a new IRA in the spouse's name

Explanation:

Since the son is expects to retire in 22 years, in which at that time he will be in need of the funds to pay for his or his Family annual living expenses the best advice I would give the son is for him to roll all the funds over into a new IRA in the name of spouse's because the IRA Account which is fully known as INDIVIDUAL RETIREMENT ACCOUNT is an individual retirement plan that can help to provides all tax the advantages that an individual needs for their retirement savings.

5 0

3 years ago

The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. Th

Anarel [89]

Answer:

Advertising Campaigns form part of Indirect Costs in an Income Statement.

It could be described as Marketing Costs, Adverts Costs or Adverts and promotion Costs. They all represent the same thing.

Advert costs are initiated to boost or build the equity of a brand, thus making it resonate freely in the minds of Consumers to enhance repeat purchases from them.

1. Implementation of Advert in the Medical Market

Changes to company's Profit $43,400

2. Implementation of Advert in the Dental Market

Changes to company's Profit $36,400

3 Advertising in the Medical Market yields a better profit. i would recommend advertising in the Medical Market

Explanation:

1. Implementation of Advert in the Medical Market

Increased Sales projections $49,000

Less Advert Costs -$5,600

Changes to company's Profit $43,400

2. Implementation of Advert in the Dental Market

Increased Sales projections $42,000

Less Advert Costs -$5,600

Changes to company's Profit $36,400

3. Going by the changes in Company Profit

The advertisement in the Medical Market yields a better profit. i would recommend advertising in the Medical Market

7 0

3 years ago