Answer: B. 48.48%
Explanation:
Debt ratio = Total Liabilities/ Total Assets
Total liabilities = Accounts payable + Notes payable + Long−term debt
= 100,000 + 450,000 + 1,050,000
= $1,600,000
Total Assets = $3,300,000
Debt ratio = 1,600,000/3,300,000
= 48.48%
Answer:
Correct option is (b)
Explanation:
Time available for work if Melanie chooses to travel by air = 7 hours
Income per hour = $40
Total income earned if chooses to travel by air = 40 × 7 = $280
Time available for work if Melanie chooses to drive = 4 hours
Total income earned if chooses to drive = 40 × 4 = $160
Price differential = 280 - 160 = $120
As a rational decision maker, Melanie will choose to fly over drive only if her price differential is below $120. She will choose to drive if price differential is above $120.
Answer:
Demand.
Explanation: Because the demand is how much or what they want while supply is how much they can give.
B. maybe but im only a freshman
Answer:
The equity for this firm is $32,540
Explanation:
<u>Using the accounting equation we can solve for the equity:</u>
assets = Liabilities + Equity
Equity = Assets - Liabilities
Now, we need to determiante the totals for assets and liabilities and sovle for equity:
Cash 31,800
Supplies 740
Equipment <u> 11,300 </u>
Total Assets 43,840
Liabilities 11,300
Equity = 43,840 - 11,300 = <em>32,540</em>
