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Alexeev081 [22]
2 years ago
14

Jennings Co. has total assets of $433.0 million. Its total liabilities are $114.5 million. Its equity is $318 million. Calculate

the debt ratio. (Round your answer to 1 decimal place.)
Business
1 answer:
olasank [31]2 years ago
4 0

Answer: 26.4%

Explanation:

The debt ratio is used to show how much of the company's assets is funded by debt.

It is calculated by the formula:

= Total liabilities / Total assets

= 114.5 / 433.0

= 0.2644

= 26.4%

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Answer:

C) Supplying euros and demanding dollars in the foreign exchange market.

Explanation:

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Hence, French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be supplying euros and demanding dollars in the foreign exchange market because the medium of exchange (legal tender) in France and Germany is the "Euros" while it is "Dollars" in the United States of America.

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8. Masterson Company's budgeted production calls for 56,000 liters in April and 52,000 liters in May of a key raw material that
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Answer:

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We simply applied the above format for determining the budgeted material needed for the month of April

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In 2010, Tara used $50,000.00 from funds she had invested in certificates of deposit as a down payment to buy a house. What func
soldier1979 [14.2K]

Answer:

B. medium of exchange.

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Money as a medium of exchange is used to facilitate the selling and purchasing of goods and services between parties. Money is widely accepted as a standard of value by parties engaged in the exchange of commodities. It means that one party readily accepts an amount of money in exchange for a product or service that is believed to be worth the amount on offer.

Tara is exchanging her $50,000 for the house. Although the money is only a down-payment, it gives her the right to claim ownership of the house. Once she has fully paid for the house using money, she can only lay a claim on the house,  not the money.

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3 years ago
Which sentence is not a correct use
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Definitely C. Doesn’t even make sense
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