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3 years ago

6

(a) Taking into account all of the information in the case study above, would you advise Mary-Ann and Sally to become a limited

company?
The following two options are being considered:

Option 1: Stay as a partnership
Option 2: Become a private limited company

1 answer:

kvasek [131]3 years ago

3 0

Answer: 2

Explanation:

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Which of the following is recorded in a country’s balance of payments accounts?

nalin [4]

Answer:

Considering there are no options to pick from, the following accounts are recorded in a country’s balance of payments accounts:

1. the current account

2. the capital account

3. the financial account.

Explanation:

Therefore;

1. The current account is part of the country’s balance of payments accounts to define the inflow and outflow of goods and services into a particular country.

2. The capital account is also a country’s balance of payments account that documents all the international capital transfers of a country.

3. The financial account is part of the country’s balance of payments accounts where the international monetary flows concerning the investment in the business, real estate, bonds, and stocks are fully recordsd.

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3 years ago

Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2018. If the firm’s total assets at year-end

il63 [147K]

Answer:

Total debt is $15.91million

Total equity is 9.09miliion

Explanation:

Debt-to-equity ratio relates to how a firm is financing its operations through debt versus shareholders' equity(owners' fund)

The formula is: Total debt/total equity

Debt-to-equity ratio = 1.75times

Total assets =$25 million

We know the Equity = Asset - liability(debt)

We can rewrite the equation as:

Debt-to-equity ratio = Total debt/asset - debt

Let's represent debt as 'y'

1.75 = y/$25million - y

y = 1.75($25million - y)

y = $43.75 - 1.75y

Collect the like terms

y + 1.75y = $43.75million

2.75y = $43.75million

y = $43.75million/2.75

y = $15.91million

Therefore, total debt is $15.91million

Using the same formula: Total debt/total equity

Lets represent equity with z

1.75 = $15.91million/z

z = 15.91million/1.75

z = 9.09miliion

Therefore total equity is 9.09miliion

6 0

4 years ago

Read 2 more answers

The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a

Natali5045456 [20]

Answer:

Adjusted Balance 31,671

Explanation:

<em>CASH </em>

Balance 25,497

Service Charge -11

Collection in firm behalf 7,000

NSF -805

accounting mistake -10

Adjusted Balance 31,671

<em>BANK </em>

Balance 26,808

Outstanding Check -3,269

Deposit in transit 8,132

Adjusted Balance 31,671

The goal of the reconciliation is to make up for the unknow information for each party. The bank and the firm We are goin to make jounral entries for all the infoamrition which is unknow to the firm until the bank statement is received.

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3 years ago

When using the cost of production report to analyze the change in direct materials cost per equivalent unit compared to conversi

alisha [4.7K]

Answer: a.may increase while conversion costs decrease because the two are separately calculated and depend on separate costs.

Explanation:

When the cost of production report is being used to analyze change in direct materials cost per equivalent unit when compared to the conversion cost per equivalent unit, we should note that an investigation may end up showing that the fluctuation in the the direct materials costs which then brings about an increase or a decrease.

Therefore, the correct option is A "may increase while conversion costs decrease because the two are separately calculated and depend on separate costs".

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3 years ago

Determine where each piece of information is located on a check.

Grace [21]

Example of a check. Look at the image I attached.

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3 years ago