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Dmitry [639]
2 years ago
11

What is legal citizenship defined as

Business
1 answer:
Oduvanchick [21]2 years ago
6 0

Answer:

does this help?

Explanation:

Citizenship is defined in the first clause of the first section of the Fourteenth Amendment as: All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and the State wherein they reside.

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The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:Cash a
KiRa [710]

Answer:

1. $90,000

2. $5,000

3. $20,000

Explanation:

1. Calculation to Determine the Total current assets

First step is to calculate the Total current liabilities using this formula

Total current liabilities=Accounts payable + Wages payable + Accrued Interest

Let plug in the formula

Total current liabilities=$44,000 + $15,000 + $1,000

Total current liabilities= $60,000

Now let calculate the Total current assets using ratio 1.5

Total current assets =1.5 × $60,000 x 1.5

Total current assets=$90,000

Therefore the Total current assets will be 90,000

2. Calculation to Determine the Short term investments using this formula

Short term investments=Total current assets - Cash - Accounts receivable - Inventories

Let plug in the formula

Short term investments=$90,000 - $5,000 - $20,000 - $60,000

Short term investments= $5,000

Therefore the Short term investments will be $5,000

3. Calculation to Determine the Retained earnings

First step is to calculate the Total Assets

Cash and cash equivalents $5,000

Add Accounts receivable (net) $20,000

Add Inventories $60,000

Add Short term investments $5,000

Add Property, plant, and equipment (net) 120,000

TOTAL ASSETS $210,000

Now let calculate the Retained Earnings

Total Assets $210,000

Less Accounts payable ($44,000)

Less Salaries payable ($15,000)

LessAccrued interest ($1,000)

Less Notes payable ($30,000)

Less Paid-in capital ($100,000)

RETAINED EARNINGS $20,000

Therefore the Retained Earnings will be $20,000

4 0
2 years ago
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets
hammer [34]

Answer:

15.2%

Explanation:

Return on Total Asset is the ratio of net income ratio to total asset of the company. It measure the productivity and efficiency of all the assets used to generate this net income.

As per given Data

                                        Year 2         Year 1

Net sales                      $478,500     $426,250

Cost of goods sold      $276,300     $250,120

Interest expense          $9,700         $10,700

Net income before tax $67,250      $52,680

Net income after tax    $46,050      $39,900

Total assets                  $317,100      $288,000

Total liabilities              $181,400      $167,300

Total equity                  $135,700     $120,700

Formula for Return on total assets

Return on Total Assets = ( Net income / Average total assets ) x 100

Now we need to calculate the average Assets

Average Assets = ($317,100 + $288,000) / 2 = $302,550

Net Income for year 2  = $46,050

Placing values in the formula

Return on Total Assets = ( $46,050 / $302,550 ) x 100

Return on Total Assets = 15.2%

7 0
3 years ago
Madrigal Corporation purchased a new machine for $120,000. The machine has an estimated useful life of 10-years with no salvage
GenaCL600 [577]

Answer:

The annual cash flow using the gross book value method is $18,000

Explanation:

In order to calculate the annual cash flow using the gross book value method we would have to calculate the following formula:

annual cash flow=( value of new machine*ROI)/100

Value of the new machine=$120,000

ROI=15%

annual cash flow= ($120,000* 15%)/100 =

annual cash flow=$18,000

The annual cash flow using the gross book value method is $18,000

7 0
2 years ago
Read 2 more answers
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2
pishuonlain [190]

Answer:

Following Statement is true

Operating income has increased as a percentage of revenue.

Vertical Analysis

                                                                        Year 2            Year 1        

Fees Earned                                                  $153,500       $149,700

Operating expenses                                     <u>$122,800</u>       <u>$127,245</u>

Operating Income                                          $30,700        $22,455

Operating Income as percentage of sales       20%               15%

Operating Income as percentage of sales is increased in year 2.

<u>Which of the following statements are true?</u>

Operating income has decreased as a percentage of revenue.

Operating income has increased as a percentage of revenue.

None of these choices are correct.

Operating expenses have increased as a percentage of revenue

7 0
3 years ago
The process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications, to apply fo
irina1246 [14]

Answer:

recruitment is the correct answer.

Explanation:

  • Recruitment is a process of hiring and selecting the right and qualified person for a vacant position.
  • The recruitment process involves selecting a required candidate, sourcing attracting, investigating the job qualifications, screening, analyzing the application, strategy development, evaluation and shortlisting.
  • The advantages of the Recruitment process are increased applicant quality, increase manager satisfaction and improve employment name.
4 0
3 years ago
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