<span>On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. however it had assets of $20 billion and stockholders' equity of $9 billion as of december 31, 2016. during 2016, total sales revenue was $9 billion and total expenses was $7 billion.
As Total asset is 20 billion and stockholders equity is 9 billion the liabilities are 11 billion. The Debt to Asset ratio = Liabilities / Assets
= 11 Billion / 20 Billion = .55 (55%)</span>
Answer:
<u>Need to perform everyday tasks like cooking.</u>
Explanation:
For example, Canadian Living magazines has a record of often publishing articles related to new cooking recipes that are cheap and affordable.
Many consumers often need information that can help that can assist them in cooking nutritional foods at the best price possible.
Anna would like to incorporate her plumbing business. So Anna can find out the requirements for incorporation in Arizona Statue.
To incorporate a business refers to turning a sole proprietorship or general partnership into a corporation. A business is formally organized and officially brought into existence through incorporation. This process of incorporation involves writing up a document known as the articles of incorporation.
So here in this case, Anna lives in Flagstaff, Arizona. Thus, the government entity that is responsible here for authorizing her corporation is the Arizona state government. However, she must find information regarding incorporation in Arizona's Statute.
Hence, incorporation is the formation of a new corporation.
To learn more about incorporation here:
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Answer:
E) 51 days
Explanation:
Calculation of length of the cash cycle after the changes.
As given:
Current cash cycle = 51 days.
Decreases its receivables period by 3 days
Increases its inventory period by 4 days.
Increases its payables period by 1 day.
Hence,
Cash cycle = 51 days - 3 days + 4 days- 1 day
Cash cycle = 51 day
Therefore the cash cycle after the changes will be 51 days
Answer:
X-Tel budgets selling expense budget (Amounts in $)
Month April May June
Sales commission 10,000 12,000 7,500
Sales Manager's salaries 10,000 10,000 10,000
Total 20,000 22,000 17,500
Explanation:
The selling expense shows the forecast of sales related expenses. These include the manager's salaries and the sales commission. The sales commission is a percentage of projected. It may be computed as follows;
Sales commission for
April
= 10%* $100,000
= $10,000
May
= 10%* $120,000
= $12,000
June
= 10%* $75,000
= $7,500
