Answer:
Total Fixed Assets = 20 million
Explanation:
Total liabilities and equity = $65 million
Current liabilities = $10 million
Inventory = $15 million
Quick ratio = 3 times.
As we know
Total liabilities and equity = Total Assets
65 Million = Total Fixed Assets + Total Current Assets
65 Million = Total Fixed Assets + 45 million
Total Fixed Assets = 65 million - 45 million
Total Fixed Assets = 20 million
Quick Ratio = ( Total Current Assets - Inventory ) / Total Current Liabilities
3 = ( Total Current Assets - 15 million ) / $10 Million
3 x $10 Million = Total Current Assets - 15 million
30 million = Total Current Assets - 15 million
30 million + 15 million = Total Current Assets
Total Current Assets = 45 Million
Answer:
The correct answer is $147,500.
Explanation:
According to the scenario, the given data are as follows:
Beginning inventory = $10,500
Purchase inventory = $160,000
Ending inventory = $23,000
So, we can calculate the cost of goods sold by using following method:
Cost of goods sold = Beginning inventory + Purchase inventory - Ending Inventory
By putting the value, we get,
Cost of goods sold = $10,500 + $160,000 - $23,000
= $147,500
Answer:
A) Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.
Explanation:
The loan application must include information regarding the real estate broker and must be signed by both the borrower and the broker.
Section 10241 (i) of the California Business and Professions Code, Article 7 requires:
<em>"A statement containing the name of the real estate broker negotiating the loan, his or her license number, and the address of his or her licensed place of business."</em>
School rules are similar to federal laws because they both (try) to restrict people from doing harmful or bad things. A typical American high school with out rules, or any consequences for breaking them would be anarchy. Kids could bully one another, fight each other, ruin school property with spray paint, fire, etc. They also might not do their homework, or school work in general. It depends on the kid with out rules. Some kids might go crazy, some kids might stay calm and collected.