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stich3 [128]
3 years ago
11

On Monday PBC (Peanut Butter & Chocolate) Candy Company’s entire balance sheet comprised real assets of $500 million and cas

h of $50 million. It had no debt (nor preferred shares). On Tuesday PBS established a line of credit for $100 million with BBB (Big Bad Bank). On Wednesday morning PBC drew down $20 million from its credit line and kept it in cash for later use. Which of the following is correct regarding PBC Wednesday afternoon? a) Debt of $100 million and assets of $550 million b) Debt of $100 million and assets of $650 million c) Debt of $20 million and assets of $570 million d) Debt of $20 million and assets of $650 million e) Debt of $20 million and assets of $630 million
Business
1 answer:
zimovet [89]3 years ago
8 0

Answer:

c) Debt of $20 million and assets of $570 million

Explanation:

Line of credit increases liability in a company's Balance sheet only when it is used. Thus, PBC (Peanut Butter & Chocolate) Company will have debt of $20 Million and Assets of $570 Million

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The CPI for this year is calculated by dividing thevalue of all goods and services produced in the economy this year using this
mars1129 [50]

Answer:

False

Explanation:

The consumer price index (CPI) is calculated by using a basket of goods, not all the goods and services produced in the year.

The CPI formula = (current price of CPI basket / base period's price of CPI basket) × 100

When we compare current CPI with last year's CPI we can calculate the inflation rate for the year.

The GDP deflator is also used to calculate the inflation rate. The main difference with the CPI is that the CPI might include foreign goods while the GDP deflator doesn't include foreign goods. Usually the deflator and the CPI are the same, but theoretically they could be different, but in general practice they are not.

6 0
3 years ago
An example of a foundational, career exploration, and planning Supervised Agricultural Experience activity is: *
Oksana_A [137]

Answer:

completing an interest survey and career plan.

Explanation:

SAE is an acronym for Supervised Agricultural Experience programs and it is typically a planned, practical-based program designed to help students develop competent skills and experience in their various career choice. Basically, it enhances the academic knowledge and agricultural skills acquired by the students in the classroom.

Generally, there are four (4) main types of Supervised Agricultural Experience Programs;

1. Entrepreneurship SAE.

2. Exploratory SAE.

3. Research and Experimentation SAE.

4. Placement SAE.

An example of a foundational, career exploration, and planning Supervised Agricultural Experience (SAE) activity is completing an interest survey and career plan. It avail students the opportunity to develop academic knowledge and agricultural skills, as well as competent skills and experience after they fill an interest survey and have created a career plan.

7 0
2 years ago
What do the europeon union and the world trade organization have in common
JulijaS [17]

The European union and the World trade organization  have trade policy as common.

<u>Explanation: </u>

World Trade Organization (WTO) comprises governments and border control territories that establish, implement, and enforce international trade rules. European Union and the individual EU Member States are members of WTO.

To make sure that rules-based global trade process, the WTO is involved. Despite the deadlock in negotiations, ways are being examined to upgrade WTO rules and tackle new international challenges.

New developments in the WTO trade rules have been brought about by the coming into effect of the Trading Facilitation Agreement in February 2017. Parliament passes legislation in conjunction with the Council under the Treaty of Lisbon and has a major accountability role on global trade policy.

4 0
3 years ago
The following information describes a company’s usage of direct labor in a recent period. The total direct labor cost variance i
SOVA2 [1]

Answer:

Direct labor rate variance= $22,500 unfavorable

Explanation:

Giving the following information:

Actual hours used 45,000

Actual rate per hour $15.00

Standard rate per hour $14.50

<u>To calculate the direct labor cost (rate) variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14.5 - 15)*45,000

Direct labor rate variance= $22,500 unfavorable

3 0
3 years ago
Which of these people is most likely a freelancer?
marshall27 [118]
A. Zoey is likely a freelancer
6 0
3 years ago
Read 2 more answers
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