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2 years ago

The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases. false true

Business

1 answer:

anyanavicka [17]2 years ago

6 0

The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases.

FALSE

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A performance obligation is:

ANEK [815]

Answer:

Explanation:.

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3 years ago

Water and air are examples of _____ resources while people are considered to be _____ resources

kiruha [24]

Answer:

the answer is natural;human

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2 years ago

After reading the new account insert in his monthly statement, Tony Mercadante determined that the FDIC considers a joint accou

yarga [219]

Answer: Please refer to Explanation

Explanation:

According to the Federal Deposit Insurance Corporation, the limit to the amount a person can be insured for is, $250,000 per depositor, per insured bank.

That means that Tony's account at a balance of $120,712 is covered completely as it is well below $250,000.

Their Joint account is also completely covered at $60,099.

Cynthia however does not have complete coverage as her bank account exceeds to the coverage limit by $3,629 which will not be covered.

Should be noted that should she transfer this excess to the joint account then she should be fully covered.

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3 years ago

These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts rec

swat32

Answer:

Assets: Liabilities:

Current Assets Current Liabilities

Cash 11,840 Accounts payable 9,500

Accounts receivable 12,600 Notes payable(current) 13,600

Prepaid insurance 3,200 Interest payable 3,600

Total current assets: 27,640 Total Current Liab 26,700

Fixed assets: Long-term Liabilities:

Buildings (net) 60,200 Note Payable: 80,000

Equipment (net) 63,680 Total Liabilities 106,700

Land 61,200 Equity:

total fixed assets: 185,080 Common stock 60,000

RE 46,020

Total Equity 106,020

Total Assets: 212,720‬ Total Liab + E 212,720

Explanation:

for RE we need to calculate the net income

income:

Service revenue 14,700

Insurance expense ( 780 )

Depreciation expense ( 5,300 )

Interest expense ( 2,600 )

Net income: 6,020

RE 40,000 + 6,020 = 46,020

for note payable we split the current and long term portion

93,600 - 13,600 = 80,000 long term debt

te rest is self-explanatory

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3 years ago

The journal entry for the purchase of inventory on account using the perpetual inventory system is

alexandr1967 [171]

Answer:

D. Merchandise Inventory xxx

Accounts Receivable xxx

Explanation:

The Journal Entry is shown below:-

Merchandise Inventory A/c Dr, xxx

To Accounts Payable xxx

(Being purchase of inventory on account is recorded)

Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.

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3 years ago