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____ [38]
3 years ago
8

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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Answer:

A. Expensed when incurred.

Explanation:

An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).

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3 years ago
Why does the government plan its financial expenditure framework for a period of five years?
drek231 [11]

This is to ensure that they complete the project within the appointed period of time as well as within the budget given to them.  It also shows how effective the government is in implementing their projects.  If they don’t do so within the period and the budget then people will question their efficiency in completing their assignments and project within the period prescribed.

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3 years ago
margo has found her dream house. it’s listed at $370,000, and she plans to offer $365,000. she has a letter from her lender stat
charle [14.2K]

By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability

This is further explained below.

<h3>What is a pre-approval letter?</h3>

Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.

This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.

In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.

Read more about the pre-approval letter

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7 0
11 months ago
The ramp at railways station has a rough surface. but Why
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The ramp on a railway station has a rough surface to increase friction so that we do not slip while walking on it. If the surface is smooth, then the frictional force between the ramp and the feet becomes less and the chances of slipping are greater

8 0
3 years ago
You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in o
artcher [175]

Answer:

$6,744.83

Explanation:

We calcualte the present value of a three years annuity discounted at 5.5% considering their cashflow are 2,500

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 2,500.00

time 3

rate 0.055

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PV $6,744.8334

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3 years ago
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