Answer:
a. 0.89
b. 86.67%
c. $37,600
Explanation:
A. Current ratio = Current Assets / current liabilities
= 252,500 / 284,500
= 0.8875
= 0.89
B. Debt to assets ratio = Total liabilities / Total assets
=$374,000 / $431,500
=0.8667%
= 86.67%
C. Free cash flow = Net cash provided by operating activities - Capital expenditure
= $62,100 - $24,500
= $37,600
Bc all the x’s are all different #
Answer:
$2,500; $1,500
Explanation:
Given that,
Total amount invested = $4,000
Let the amount invested at 2% be x,
and the amount invested at 3% be (4,000 - x)
Interest earned = $95
Time period = 1 year
Simple interest = Principle × Interest rate × Time period
$95 = (x × 0.02 × 1) + [(4,000 - x) × 0.03 × 1)
$95 = 0.02x + 120 - 0.03x
$95 = -0.01x + 120
0.01x = 120 - 95
0.01x = 25
x = 2,500
Therefore,
Amount invested at 2% = x = $2,500
Amount invested at 3% = (4,000 - x)
= 4,000 - 2,500
= $1,500
Answer:
Brokers must disclose the information regarding the improvement and the fact that the property's taxes will increase the next year. Neighborhood improvements are paid by Special Assessment Districts adding taxes to existing properties or increasing sales taxes. Buyers need to know what property taxes they are expected to pay, and in this case, the current property taxes must be adjusted to show the real amount that will be paid in the future.
This isn't something necessarily bad because you are going to pay higher taxes, but your neighborhood is also improving.
Answer:
$22,014
Explanation:
The computation of the cost of inventory is shown below:
= Purchase Cost of merchandise + transportation cost - returned goods - discount
= $23,000 + $650 - $1,200 - $436
= $22,014
The discount is computed below:
= (Purchase Cost of merchandise - returned goods) × discount rate
= ($23,000 - $1,200) × 2%
= $436
We simply added the transportation cost and deducted the returned goods and discount to the purchase cost of merchandise
