The interest over 30 years would be 1,200. Therefore you add that to the 500$ you started with. The answer is B) $1,700.
Answer:
66.62%
Explanation:
The debt ratio is the total liabilities divided by total assets. At the end of the year, total assets stood at $266,000, the increase in retained earnings which is the excess of revenue over expenses and dividends payment does not affect liabilities, as a result, liabilities stayed the same at $177,200.
Debt ratio=total liabilities/total assets
debt ratio=$177,200/$266,000
debt ratio=66.62%
Answer:
$263,400
Explanation:
Calculation to determine the balance in pre-consolidation Income (loss) from subsidiary for 2022
Using this formula
2022 balance in pre-consolidation Income (loss) =2022 Profit -(2022 Selling Price* Selling price profit percentage)
2022 balance in pre-consolidation Income (loss) =$265,000-($8,000*20%)
2022 balance in pre-consolidation Income (loss)=$265,000-$1,600
2022 balance in pre-consolidation Income (loss)= $263,400
Therefore the balance in pre-consolidation Income (loss) from subsidiary for 2022 is $263,400
Answer:
True
Explanation:
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