Answer:
The correct answer is 2.29
Explanation:
The debt-to-capital ratio (D/E) is a measurement of a company's financial leverage.
D/E=Total debt/Total equity
Total debt=(notes payable (10.5) + current maturities of long-term debt (39.9) + long-term debt (239.7) = 290.1
Total Equity = 126.6
D/E= 290.1/126.6=2.29
Thus, the debt to equity ratio for Luther in 2018 is closest to 2.29
Answer:
D. $21000
Explanation:
Calculation for the amount the firm should use as the initial cash flow attributable
Using this formula
Initial cash flow attributable to net working capital = Change in current assets - Change in current liabilities
Let plug in the formula
Initial cash flow attributable to net working capital=[(Increase in Account Receivable $19,000 + Decrease in inventory $2,000)] - ( Decrease accounts payable $4000)
Initial cash flow attributable to net working capital= (19,000 - 2,000) - [-4,000]
Initial cash flow attributable to net working capital=17,000 + 4000
Initial cash flow attributable to net working capital=$21,000
Therefore the amount the firm should use as the initial cash flow attributable to net working capital when it analyzes this project will be $21,000
Answer: See explanation
Explanation:
a. The actual direct labor rate per hour will be:
= Standard direct labor rate per hour - favorable labor rate variance
= $11 - $0.40
= $10.60
Then, the actual direct labor hours worked during July will be calculated as:
= (5910 × $11) - $350 / $10.6
= ($65010 - $350) / $10.6
= $64660 / $10.6
= 6100
b. The direct labor rate variance will be:
= (Actual rate per hour - standard rate per hour) × Actual labor hours
= (10.60 - 11.00) × 6100
= 2440F
Direct labor efficiency variance will be:
= (6900 - 5910) × $11
= 2090U
The direct labor rate variance that was favorable shows that the manager paid a lower rate to its staffs while the direct labor efficiency variance that was unfavorable implies that the manager used less efficient workers. This indicates that a trade-off took place.
= (6900
Answer:
The correct answer is: D. beach towel production is not allocatively efficient but is productively efficient.
Explanation:
Production costs are the night terror that keeps many business owners awake. These costs seem to have a mind of their own and the only solution is to keep track of them to keep them under control. A successful entrepreneur must find a way to operate his business efficiently and profitably to always be aware of production costs. And for this, it is best to track expenses to see if labor, materials or overhead are exceeding the amounts allocated in a budget at each stage of production.