Answer:
0.69
Explanation:
From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.
On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion
Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities
Liabilities= Assets-Stockholders equity
Assets= $55 billion
Stockholders equity= $17 billion
= $55billion-$17billion
= $38 billion
Therefore, the debt-to-assets ratio can be calculated as follows
Debt-to-assets ratio= Total liabilities/Total Assets
= $38 billion/ $55 billion
= 0.69
Hence on December 31, 3019 the debt-to-assets ratio is 0.69
Answer:
The best solution will be to get the two individuals together to try and get a solution that is agreeable between two of them.
Explanation:
The role of a system analyst is not to make a decision about the best procedure to use, rather it is the responsibility of the users to do so.
The analyst is to facilitate a common ground that takes into consideration all views.
In the given scenario the department manager may be privy to information that the clerical person does not have. This will give a better view of processes that will be in line with business goals and objectives.
However the clerical staff pays more attention to details of business procedures. He is most likely more updated on business procedure that the department head.
The best way forward is the get the two of them together to trash out the differences of their procedures and come up with one that takes the managerial view of the department head and the detail oriented view of the clerical staff into consideration
Answer:
As Fabian opened his store and made a purchase in credit, this made the asset as current assets and they are mainly getting converted to current liabilities as because he is liable to pay for the products he purchased but was unable to sell those items.
Explanation:
There are many ways of making money, but when there is a way of earning money which is not predictable, then it becomes very difficult to make decisions and analyze for anything,
Answer:
b. Cash 5,400 Debit
Common Stock 1,200 Credit
Paid-in Capital in Excess of Par 4,200 Credit
Explanation:
the cash proceeds will be for 5,400
common stock will increase for the face value:
600 shares x 2 = 1,200
the paid-in capital in excess of par value will be the difference:
5,400 - 1,200 = 4,200
Cash, which is an asset increase for mdebit side while the common stock and additional paid-in are equity accounts. They increase from the credit side.
Answer:
The accrued interest at December 31, 2022 amounts to $3,540
Explanation:
Accrued Interest = Amount borrowed × rate × Number of months/ 12
where
amount borrowed is $88,500
rate is 12%
= $88,500 × 12% × 4/12
= $3,540
The accrued interest for one year note is $3,540
Note: Number of months from September to December will be 4 months that is September, October, November and December.
