Answer:
Anderson Cleaning Service's liabilities were $2,160
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Owner's (or Stockholders') Equity
Liabilities = Total asset - Owner's (or Stockholders') Equity
At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650
Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160
Answer:
=112.785
Explanation:
Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.
The formula for calculating the average days in inventory is as below.
Days in inventory = Average inventory /cost of goods sold x 365
for Re-UP Enterprises: average inventory = $189,880
cost of goods sold =$613,500,
Days in inventory
= $189,880/613,000 x 365
=0.309 X 365
=112.785
Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.
Answer:
33.77%
Explanation:
In one year, you are going to receive ($42 x 100) + ($0.56 x 100) = $4,256
you must return ($35.50 x 50) = $1,775
plus interests = $1,775 x 6% = $106.50
total return = $4,256 - $1,775 - $106.50 = $2,374.50
you invested $1,775
return on your investment = ($2,374.50 / $1,775) - 1 = 33.77%
