Answer: $33,520
Explanation:
Assets = Equity + Liability
Assets = Retained earnings + Common Stock + Liability - because equity is made up of common stock and retained earnings
Retained earnings = Assets - Common Stock - Liability
Assets;
= Accounts receivable + Supplies + Cash + Inventory + Equipment (net)
= 3,500 + 3,720 + 6,360 + 2,970 + 109,200
= $125,750
Liabilities;
= Accounts payable + Interest payable + Unearned service revenue + Notes payable + Salaries and wages payable
= 3,700 + 530 + 820 + 31,000 + 780
= $36,830
Retained earnings = Assets - Common Stock - Liability
= 125,750 - 55,400 - 36,830
= $33,520
A - is the answer -what to produce
The Car (asset) has depreciated in value
Answer:
No, If i were the sponser I'd not approve to change the scope.
Refer below for brief explanation.
Explanation:
Very few projects are completed on a scope that is decided at the first time.
When i was working in Software house and was in the team of web development, I was responsible for the front end development. Unfortunately my client was the person whose scope changes every month and the result that lapse the time, requirements change, cost changes.
Answer: 1. 18 times
2. Park is in better position
Explanation:
1. Times interest earned is a financial ratio that measures interest coverage. It's essentially to check if a company can pay it's debt payments and is calculated by either EBIT or EBITDA divided by the total interest expense. The higher the better and anything above 2.5 times is usually considered.
Calculating would therefore be,
= $6,120,000 /$340,000
= 18 times.
2. As mentioned in the first answer, for the Times interest earned, the higher it is, the more favourable it is. So Park Company will be considered safer and are most definitely in a better or worse position than its competitor to make interest payments if the economy turns bad. The fact that theirs is 18 means that they can pay off their interest expense 5 times more than their competitor who can only repay 12 times.
If you need any clarification do comment.
