Answer:
$5,181.06
Explanation:
For computation of firm's net fixed assets first we need to follow some steps which is shown below:-
Current Ratio = Current Assets ÷ Current Liabilities
Current asset = Current ratio × Current liability
= 1.60 × $970
= $1,552
Profit Margin = Net income ÷ sales
Net income = Profit margin × sales
= 0.098 × $5,175
= 507.15
Long term debt ratio = Long term debt ÷ (Long term debt + Total equity)
0.50 = Long term debt ÷ (Long term debt + 2881.53)
Long term debt = 1440.765 ÷ (1 - 0.5)
= 2881.53
Total debt = Current liability + Long term debt
= 970 + 2881.53
= 3851.53
Total Asset = Total debt + Total equity
= 3851.53 + 2881.53
= $6733.06
Net fixed Asset = Total Asset - Current Asset
= $6,733.06 - $1,552
= $5,181.06
Answer:
yeah sure what do you want to ch.At about
Explanation:
because i don't really care what we talk abt
Answer:
Document
Explanation:
Remittance advice is a document sent by a customer to a seller, informing the seller that an invoice has been paid.
Answer:
B
Explanation:
we are to calculate the total land cost recorded in this question;
To get the cost recorded we do the following;
Cost of land recorded = cost of land + commissions + cost of removing existing building - sale of salvaged materials on land
cost of land recorded= 80,000+ 4,800 + 20,000 - 4,000 = $100,800
