Answer:
1, Compass Point Wireless
Balance sheet (partial)
Current Liabilities: $
Accounts Payable 71,000
Interest Payable 17,000
Salaries Payable 10,500
Unearned Revenue 2,400
Current Portion of Bonds payable 24,000
Total current Liabilities $
124,900
Long term Liabilities $
Mortgage Payable 80,000
Bonds Payable 64,000
Premium on Bonds Payable 10,000
Total long term liabilities $154,000
Total liabilities = Total current Liabilities + Total long term liabilities
= $
124,900 + $154,000
= 278900
2. Debt Stockholders' equity Debt to equity ratio
278,900 160,000 1.74
Note: Debt to equity ratio = Debt / Stockholders' equity
Answer:
The summary of the accident, calculate the total dollar value of the property damage Stephanie caused is explained below in detail.
Explanation:
The term 100/300/100 coverage indicates that a character has coverage of $100,000 physical damage mortgage coverage per person, $300,000 total physical damage mortgage insurance per accident, and $100,000 property loss accountability per accident.
So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.
Answer: c. may be used to settle an accounts receivable.
Explanation: A promissory note is defined as a financial instrument that contains a written promise by the note issuer or maker to pay the note payee a definite sum of money at a specific future date or on demand and may be used to settle an accounts receivable (the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers and are listed on the balance sheet as a current asset). They are commonly used in businesses as a form of short term financing as they can be exchanged for cash at a future time when account receivables have been collected.
Answer:
The labor would increase
Explanation:
When the government decides to lower the income tax in the coming year, which is financed by the findings of a large as well as a previously unknown warehouse for real goods, then there would be an increase in the labor as the reduction in the income tax would cause more and more investment. And thus organizations and firms increase their efficiencies and create more and more output by increasing the labor.
Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.
