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Nataly [62]
3 years ago
11

Use the following Balance Sheet and Income Statement data of Bronson Corporation to calculate its debt to total assets ratio as

of December 31, 2017:
Current assets $9,000 Net income $70,000
Current liabilities 4,000 Common stock 10,000
Average assets 28,000 Total liabilities 6,000
Total assets 30,000 Retained earnings 20,000

Write your response rounded to the nearest whole number only.
Business
1 answer:
Reptile [31]3 years ago
6 0

Answer:

20 %

Explanation:

The Debt to Total Assets ratio is used to measure financial risk, the higher the ratio the more financial risk there is.

Debt to Total Assets ratio = Total debt / Total Assets x 100

therefore,

Debt to Total Assets ratio = $6,000 / $30,000 x 100 = 20 %

thus,

The debt to total assets ratio as of December 31, 2017: 20 %

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At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th
Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0
3 years ago
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True or false: account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's
lana66690 [7]

We can actually deduce here that "account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's evaluation" is false.

<h3>What is account analysis?</h3>

Account analysis is actually known as the process of a detailed line of items that are recorded in the financial statement are closely evaluated and examined by a professional auditor or accountant.

When account is analyzed, it helps account owners to easily identify trends. It also shows how an account is performing.

Learn more about analysis on brainly.com/question/24803971

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4 0
2 years ago
What is the effective annual rate​ (EAR)?
Musya8 [376]

Answer: The effective annual rate​ (EAR) is<u><em> the interest rate that would earn the same interest with annual compounding.</em></u>

The Effective Annual Rate (EAR) is know as the interest rate earned on a subject/asset or remunerated on a borrowing as a consequence of compounding interest over period of time.

The formula to compute effective annual rate is as follow:

Effective Annual Rate = [1 + \frac{interest rate}{compounding periods}]^{time periods} - 1

<u><em /></u>

<u><em>∴ Option (c) is correct.</em></u>

7 0
3 years ago
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Which of the following is an example of proper texting etiquette?
Rudik [331]

Answer:

a.

Explanation:

From all of the answers provided it can be said that the one that is an example of proper texting etiquette would be applying the same timing guidelines to sending and receiving text messages that you would for speaking on the phone (such as not during a meeting or when in a social setting). Individuals want to receive a response to their text as soon as possible but at the same time do not want to be disturbed when they are in an important meeting, therefore knowing when and when not to send a message is just part of proper texting etiquette.

5 0
3 years ago
Marina, Inc., acquires 1 million shares of its own $1 par value common stock at $70 per share. It later resells the 1 million sh
Archy [21]

Answer:

c. credit to Additional Paid-in Capital

Explanation:

The journal entry to record the difference is shown below:

Cash A/c Dr $75 million

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      To Additional paid in capital - in excess of par $5 million

(Being the issuance of treasury stocks is reported and the amount remaining is credited to the additional paid-in capital account)

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3 years ago
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