1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kiruha [24]
2 years ago
10

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

Business
1 answer:
TiliK225 [7]2 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      

You might be interested in
Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three
gizmo_the_mogwai [7]

Answer:

Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three  other students. One of your roommates has to suddenly move out! How much will your share of  the expenses increase to, until you can find a new roommate?​

if $750= 1 month

?= 12 months

then we have; $9000 per year shared by 4 friends

9000/4= $2250 per person in a year and

2250/12= $187.5 per person in a month

If someone left, then we have

$750= 1 month

?= 12 months

$9000/3= $3000 per person in a year

$3000/12= $250 per person in a month

So therefore, the share of expenses monthly increases from $187.5 to $250

Explanation:

7 0
2 years ago
Escents, a body lotion manufacturer from Canada, negotiated a contract with a shea butter company in Mali, Africa, to supply 40%
Svetlanka [38]

Answer: Infrastructure Challenge.

Explanation:

A major problem in developing countries is insufficient and often damaged infrastructure. There are lack of roads and other mean of access to quite some areas in the country and those routes that do have road networks sometimes see trade still hampered by damage to those road networks.

Sometimes there would be potholes that require careful maneuvering and sometimes the roads would be washed out. In this case Escents is experiencing Dela due to washed-out roads or faulty bridges which are examples of infrastructural damage.

3 0
2 years ago
A company has employed two workers A and B whose productivities are 20units and 15units respectively. The wage for A is k12 whil
Leni [432]

Answer:

no

Explanation:

In order to achieve optimal employment level, the ratio of productivity between employees must be equal to the ratio between their wages, e.g. an employee who is 25% more productive, should earn 25% more.

In this case, the productive ratio is 15:20 or 3:4, while the wage ratio is 8:12 or 2:3. Since the wage ratio is lower than the productivity ratio (2:3 < 3:4), the two employees are not optimally employed.

3 0
3 years ago
Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goo
Tomtit [17]
<span>Imagine an economy in which:
(1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services, so it would be common to use, say, 50 yollars to buy a pair of shoes;
(2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and
(3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours.

In this economy, the yardstick is a unit of account but it cannot serve as a store of value.</span>
4 0
3 years ago
Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The fol
Kobotan [32]

Answer:

$58100

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in an asset other than cash is an outflow of cash while an increase in liabilities is an inflow of cash. A decrease in an asset other than cash is an inflow of cash while an decrease in liabilities is an outflow of cash.

Change in

Accounts receivable = $ 42,550 - $ 32,100=

 = $10450   (Asset)

Prepaid insurance = 3,550 - 6,700

= -$3150  (Asset)

Accounts payable = 28,350 - 26,100  

= $2250  (liability)

Unearned revenue = 6,350 - 8,500

= -$2150  (liability)

The net cash flows from operating activities

= $65,500 - $10450  + $3150  - $2250  + $2150

= $58100

7 0
3 years ago
Other questions:
  • Gourd Supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer se
    14·2 answers
  • In the context of Herzberg's two-factor theory, ____________ are characteristics of the workplace, such as company policies, wor
    11·1 answer
  • Below are several amounts reported at the end of the year. Currency located at the company $ 1,050 Supplies 3,200 Short-term inv
    6·1 answer
  • Explain the following statement: Marketing is more than just promotion.
    5·2 answers
  • Trails End Vacations has a $2,200 account receivable from the Sun City Kiwanis. On March 11, the Kiwanis makes a partial payment
    12·1 answer
  • Mexico can produce vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations
    11·1 answer
  • On January 1, 2018, Tiffany Academy instituted a defined benefit pension plan for its employees. The annual service cost for eac
    14·1 answer
  • Can any one start a conversation for 25tps
    13·2 answers
  • What is the change in the money supply when the fed purchases $600 worth of bonds and the required reserve ratio is 8 percent as
    5·1 answer
  • for a monopolist, the market demand curve: a is also the demand for the monopolist's product. b is not important since the monop
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!