The Federal Reserve can affect the money supply by

he condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At Dece

Juliette [100K]

Answer:

current ratio for MARJORAM = Current asset / current liabilities

= $173,000/ $108,400

= 1.59

Explanation:

step 1 :calculate the total current asset of the company which is calculated below.

current asset

Cash $19,000

Note Receivable 35,000

Account Receivable 48,400

Inventory 70,600

Total  173,000

Note receivable is included in the current asset because its due date is less than 12 months.

step 2 : divide the current asset by the current liabilites in order to determine the current ratio

7 0

2 years ago

Gus decides to park his canmper in an empty overgrown lot and connects wires from his camper to an electric pole to obtain elect

anygoal [31]

Answer:

negligence

Explanation:

3 0

2 years ago

Read 2 more answers

Margie Company produces a single product and has provided the following data concerning its most recent month of operations: Sel

DiKsa [7]

Answer:

$225,400

Explanation:

The computation of total contribution margin under variable costing is shown below:-

Sales (4900 × $88) $431,200

Less:Variable cost

Direct material (4900 × $12) ($58,800)

Direct labor (4900 × 23) ($112,700)

Variable manufacturing overhead

(4900 × 2) ($9,800)

Variable selling and administrative

expenses (4900 × $5) ($24,500)

Total variable expenses ($205,800)

Contribution margin $225,400

Therefore the total contribution margin under variable costing is $225,400

6 0

2 years ago

Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call pr

Whitepunk [10]

Answer:

Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call premium of 2.500%. August 11, 2023 the prevailing yield is 5.250%. If Huron Investments calls the entire issue and replaces it with 5.250% bonds also maturing August 11, 2028 then each semi-annual coupon payment will decrease by $125,000

Explanation:

Change in semi-annual coupon = (13% - 6.75%) x 4m / 2 = $125,000

6 0

3 years ago

On July 29, 2016, Wagner Trucking recorded $24,000 in services that they had performed but had not yet been paid by the customer

borishaifa [10]

Answer:

$24,000 = Account receivable

$24,000 = Account payable

Explanation:

Since it is given that

The service is performed of $24,000 but not paid by the customer so the same is to be recorded in the account receivable of the asset account

And, the Dixon trucking had the need to pay to their suppliers for $24,000 that is to be recorded in the account payable of the liabilities account

Both the amount is recorded as an account receivable and the account payable respectively

4 0

3 years ago