Answer:
Debt to Equity ratio = 2
Explanation:
The debt to equity ratio is a financial ratio to measure the proportion of debt financing in a company's capital structure in relation to the shareholders' equity. The debt to equity ratio can be calculated as follows,
Debt to Equity ratio = Total Liabilities / Total Equity
To calculate the value of total equity, we will use the basic accounting equation which is,
Total assets = Total Liabilities + Total Equity
60000 = 40000 + Total Equity
Total Equity = 60000 - 40000 = $20000
Debt to Equity ratio = 40000 / 20000
Debt to Equity ratio = 2
Answer:
$731,000 and $684,000
Explanation:
The computations are shown below:
For cost of goods manufactured
= Direct materials used + Direct labor cost + Manufacturing overhead incurred + opening work-in-process inventory - closing work-in-process inventory
= $271,000 + $126,000 + $359,000 + $193,000 - $218,000
= $731,000
For cost of goods sold
= Opening finished goods Inventory + Cost of goods manufactured - Ending finished goods Inventory
= $395,000 + $731,000 - $442,000
= $684,000
Answer: the correct answer is $1,724,000
Explanation: $560,000 x 0.40= 224,000 (net income times percentage of Harrison's voting common stock)
$2/ share x 50,000= (100,000) (the company paid 2$ dollars per share and there are 50000 shares)
1.6 million + 224,000 - 100,000= $1,724,000
Answer:
$5,700
Explanation:
Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts
$5,000 + $400 + $300 = $5,700.
Therefore the amount that the company will record the dishwasher is $5,700 because the parking ticket should be expensed as incurred due to the fact that it is not a cost necessary to get the asset ready for use.
