Answer:
No debt of any kind.
Explanation:
Then the firm has “no debt of any kind” because the company has the equity multiplier ratio is 1.
We have given the return on assets is 15 % and the same return is on the equity that is 15%.
Thus, the equity multiplier ratio can be calculated by dividing the total assets / total equity.
Equity mulitplier ratio = Total Assets / Total equity.
By the use of Lifo in a period where the prices rise, companies avoid to report paper profit, also called phantom profit, as economic gain. Have in mind that in periods of changing prices, the cost flow assumption can have a significant impact onincome and on evaluations based on income. That is why when Lifo is used the companies tend to <span>report the lowest net income </span>
The correct answer is retailing.
Retailing is the process of selling goods and services to individuals for their personal use. You have stores, which are considered to be retailers of particular goods and services, and then you have customers who go there to buy those goods and services.
Answer: The correct answer is "(A) Advertising".
Explanation: The publicity for its diffusion and consequences in front of third parties and legal regime is the type of corporate discourse that can be completely regulated with the aim of not causing damage to the rights of potential consumers.
Answer:
Option (D) is correct.
Explanation:
Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit
= (24 - 17) × $15
= 7 × $15
= $105
Sale from September 17th purchase:
= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20
= (24 - 17 - 8) × $20
= 1 × $20
= $20
Therefore,
Cost of good sold on Sept 30 = Sale from beginning inventory + Sale from September 17th purchase
= $105 + $20
= $125
Ending inventory:
= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price
= (24 - 17 + 10 -8) × $20
= 9 units × $20
= $180
