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svlad2 [7]
2 years ago
9

A company has the following information. What is the financial leverage ratio? Total assets $736,000 Total liabilities 314,000 I

nterest expense 9,400
Business
1 answer:
faltersainse [42]2 years ago
8 0

Answer:

1.7441

Explanation:

Calculation to determine financial leverage ratio

Using this formula

Financial leverage ratio=Total assets/(Total assets-Total liabilities)

Let plug in the formula

Financial leverage ratio=736,000/(736,000 - 314,000)

Financial leverage ratio= 1.7441

Therefore the financial leverage ratio is 1.7441

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Anthony has a college savings account with $8,657 in it. He has $347 in his checking account.
sasho [114]

Answer:

$13,363

Explanation:

Net-worth is the difference between an individual's assets and liabilities. In other words, net-worth is equal to assets - liabilities.

<u> Anthony's  assets </u>

College savings account  $8,657

checking account      $347

Cash          $45

Pair of Jordan's   <u>$4500</u>

Total assets     <u>$13,549</u>

<u>His liabilities </u>

A personal loan from Yenny $186

Net-worth = $13,549- $186

=$13,363

7 0
3 years ago
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of
Alex

Answer:

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of  your balance will remain?

The percent balance will remain 90%

Explanation:

$1725.25 - $167.50= $1557.75

percentage left= 1557.75/1725.25 X 100

percentage left= 90.291= 90.30%

6 0
3 years ago
Read 2 more answers
What type of debt has the highest consumer debt balance?.
Zinaida [17]

The student loan debt has the highest consumer debt balance.

Below is an explanation about student loan debt.

<h3>What is Student Loan debt</h3>

Student debt is a type of debt that is owed by a current student, a formerly withdrawn student or graduated student to a lending institution, or to a financial institution

This type of loan has the highest consumer debt balance.

Lean more about types of debt at brainly.com/question/2754850

4 0
2 years ago
Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It al
stepan [7]
The right answer for the question that is being asked and shown above is that: "<span>Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better." That is the best answer among the choices.</span>
5 0
3 years ago
Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any
GaryK [48]

Answer:

Forgery refers to the crime pertaining to, alternation of legal obligation or rights in writing of another person. It is the production of the spurious work which is being considered to be genuine such as a painting, and coin. It is the action underlying imitation or forging a copy of the document, banknote, work of art and signature.

In the case, Debbie Brooks is solely responsible for the loss caused to her by the forged transaction. The fraud took place due to the recklessness of Debbie Brooks as she allowed Martha Tingstrom to handle her financial resources and accounts which in itself is a mistake. She failed to notice the transaction details promptly issued to her periodically  by her bank and provided the details of such transaction to the bank within a period of 30 days. The bank is not liable as it has perform its obligation to the fullest. Therefore, it is ascertained that Debbie Brooks is solely responsible for the loss caused to her by the forged transaction made by Martha Tingstrom.

Explanation:

4 0
2 years ago
Read 2 more answers
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