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3 years ago

The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.

Business

1 answer:

TiliK225 [7]3 years ago

3 0

Answer:

34.22%

Explanation:

Debt ratio can be calculated by dividing the total liabilities with the total assets.

Calculation

Debt Ratio = Total liabilities / Total Assets

Debt Ratio = 159,267 / 465,297

Debt Ratio = 34.22%

Working

Cash 9,612

Accounts receivable 22,102

office supplies 3,257

office equipment 145,400

Trucks 62,418

Building 178,072

Land 44,436

total assets 465,297

Total liabilities

Accounts payable 36,759

Note payable 122,508

Total liabilities 159,267

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As a manager, Marcus is very conscious of how his subordinates feel about whether their work outcomes are as expected relative t

Nataly [62]

Answer:

equity

Explanation:

From the question we are informed about, Marcus who is a manager and very conscious of how his subordinates feel about whether their work outcomes are as expected relative to the effort and contributions they put in. This case is an example of the equity theory. Equity theory can be regarded as theory that base give explanation or allows to know if the distribution of particular resources is been fair to both involved relational partners.

To measure, Equity the ratio of contributions/cost is been compared with benefits/rewards outing

each person in consideration.

ratio of inputs to that of outcomes gives the structure of equity in a company.

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3 years ago

Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl

Tems11 [23]

Answer:

The correct answer is letter "B": She is reviewing her goals and aligning the budget to work toward them.

Explanation:

Smart financial planning is the strategy by which individuals or corporations adjust their budgets according to the current situation they face. The adjustments are done as many times as necessary to accomplish the goals those individuals or firms have set.

In Christie's case, the reason why she adjusts her budget by the end of every month is that she needs to match her expenses with her objectives so she can reach them.

6 0

3 years ago

Read 2 more answers

Suppose you have a linear integer optimization problem. You solve the problem as a linear optimization problem by ignoring the i

GalinKa [24]

Answer:

Option(A) is the correct answer to the given question .

Explanation:

The integer programming problem is also known as the computational optimization or the functionality method that main objective to limits the some or many of the parameters may be integer. The objective of linear optimization problem to make the objective function as well as integer constraints linear .

The integer programming problem conclusively specify of the optimised solution to the issue of the integral optimisation.
All the other option are not correct for the linear integer optimization problem because they are not give objective function as well as integer constraints as linear .

8 0

3 years ago

The following cost data relate to the manufacturing activities of Chang Company during the just completed year:

Elza [17]

Answer:

Amount of underapplied or overapplied overhead cost for the year

$97000 - Underapplied

Schedule of cost of goods manufactured for the year

Direct Material 3885000

Direct Labor 60000

Overheads 376000

Total Manufacturing Costs 4321000

Add Opening Inventory WIP 400000

Less Closing Inventory WIP (700000)

Cost of Goods Manufactured 4021000

Explanation:

Amount of underapplied or overapplied overhead cost for the year

Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead

$473000-$376000= $ 97000

Schedule of cost of goods manufactured for the year

Direct Materials Calculation 

Opening 200000

Add Purchases 4000000

Available 4200000

Less Closing Material 300000

Materials Consumed 3900000

Less Indirect Materials 15000

Direct Materials Consumed 3885000

8 0

3 years ago

Read 2 more answers

Problem 10-3A On January 1, 2017, Evers Company purchased the following two machines for use in its production process.

timofeeve [1]

Answer:

Please see the solution below:

Explanation:

Machine A:

(i) Total Machine A Cost 

Purchase Price = $37,500

Sales Tax = $3,600

Shipping Cost = $100

Insurance during shipping = $50

Installation and Testing Cost = $120

Total Machine A cost = $41,370

(ii) Depreciation

Recorded Cost = $41,370

Less: Salvage Value = $5,950

Useful Life = 5 years

Straight Line Method is used to find depreciation per yer will be:

Depreciation = $7,084

(1) The Journal Entry to record purchase of equipment (Machine A)

January 1, 2017

Dr. Equipment $41,370

Cr. Cash $41,370

(2) The Journal Entry to record annual depreciation (Machine A)

December 3, 2017

Dr. Depreciation $7,084

Cr. Accumulated Depreciation - Equipment $7,084

7 0

3 years ago