Answer:
b) Additional paid-in capital.
Explanation:
Closing process in accounting is a period end activities which involves
the movement or transfer of temporary accounts to permanent accounts.
Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.
This exercise is to prepare temporary accounts for the next period. since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.
In the question, all are income accounts except additional paid-in capital
The unemployment rate will be of 10% of the economy. We can only have in mind the Million people who are actively seeking work in here which is in itself what is taken into account when talking about economy's unemployment rate. Remember also that the unemployment rate that is consistent with full employment known as the natural rate of unemployment.
Answer: Applicant's cognitive abilities
Explanation:
Cognitive ability could be defined as mental skills we need to projects or given activities within any capacity they would come. Cognitive ability looks at out ability to answer questions, learn, remember and pay attention.
It could also be seen as the ability of someone to perform different mental task where learning and solving problems are involved. Considering the interview, Francis would choose or make his choice based on how both candidate are able to solve problems and their approach to it.
<u>Calculation of debt ratio:</u>
Debt Ratio can be calculated using the following formula:
Debt Ratio = Total Debt / Total Assets
We are given that debt/equity ratio is 0.50, it means Total Equity = 2 * Total Debt
Total Assets = Total Debt + Total Equity
So, Total Assets = Total Debt + 2* Total Debt
Or
Total Assets = 3* Total Debt
So, Debt Ratio = Total Debt / 3* Total Debt = 1/3 = 0.3333
Hence, Debt ratio is <u>0.3333</u>
