Answer:
The right approach will be "$ 1123.2".
Explanation:
The number of miles to be used will be:
=
=
Now,
The item deduction will be:
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= ($)
Roosevelt was successful in keeping the United States out of wars by threatening legitimately with force under his "big stick" strategy, also known as Roosevelt Corollary.
<h3>What was the Roosevelt Corollary's principal effect?</h3>
The corollary said that not only were the countries of the Western Hemisphere closed to colonization by European powers, but that it was the United States' duty to uphold law.
<h3>When was big stick diplomacy used?</h3>
The Roosevelt Corollary to the Monroe Doctrine is the name given to President Theodore Roosevelt's forceful attitude to the countries of Latin America and the Caribbean. This strategy has frequently been referred to as the "Big Stick."
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An installment credit is also known as installment loan. It is a loan that is repaid over time with a set number of scheduled payments.
Answer:
Mace's average collection period is 88 days
Explanation:
Credit terms is "Net 60" which means the customer will naturally pay within 60 days. Further it is given that account average 28 days overdue. This means it takes 28 more days to collect the amount of receivables. Therefore the average collection period comes to
60 + 28 = 88 days.
The debt to equity ratio for the period, based on the total liabilities and total equity, would be 1.31
<h3>How to find the debt to equity ratio?</h3>
The debt to equity ratio shows the amount of debt that a company has as a ratio of the debts to the equity that the company has.
The debt to equity ratio can be found by the formula:
= Total liabilities / Total Equity
Total liabilities = $16, 113, 000
Total equity = $12, 300, 000
The debt to equity ratio is therefore:
= 16, 113, 000 / 12, 300, 000
= 1.31
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