In a balanced balance sheet, if liabilities are $2,000 and owner’s equity is $3,300, what must assets be ___

Two siblings each pay 30% of their parents support so they can decide who will claim the parents with a multiple support agreemo

MrRa [10]

B: false
Hope this helps you

4 0

2 years ago

How does financial manager involes operating decision<br>

daser333 [38]

Answer:

they use financial statements and other information prepared by accountants to make financial decision and are focused on the cash flows, the inflows and outflows of cash.

Explanation:

7 0

3 years ago

Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a

LUCKY_DIMON [66]

Answer:

A. 37,500 balls

B.2.67

Explanation:

A. Compution for the CM ratio and the break-even point in balls.

First step is to calculate the Contribution margin

Selling price $25 100%

Variable expenses $15 60%

Contribution margin $10 40%

($25-$15)

Now let calculate the CM ratio and the break-even point in balls using this formula

Unit sales to break even=Fixed expenses/Unit contribution margin

Let plug in the formula

Unit sales to break even=$375,000/$10

Unit sales to break even= 37,500 balls

Therefore the CM ratio and the break-even point in balls will be 37,500 balls

b. Computation for the degree of operating leverage at last year

Using this formula

Degree of operating leverage =Contribution margin/Net operating income

Let plug in the formula

Degree of operating leverage=$600,000/$225,000=

Degree of operating leverage = 2.67 (rounded)

Therefore the degree of operating leverage at last year will be 2.67

5 0

3 years ago

Suppose your bank account pays interest monthly with an eﬀective annual rate of 6%. What amount of interest will you earn each m

Bess [88]

Answer:

0.4868%

$615.47

Explanation:

Given that

a. EAR = 6%

Thus,

Equivalent monthly rate = (1 + r)^n - 1

Where r = EAR

Therefore

= (1 + 0.06)^1/12 - 1

= 1.0048675 - 1

= 0.0048675 × 100

= 0.4868%

b. Given that

Monthly rate = 0.4868%

Future value = 100,000

Time = 10 years

Recall that

FV annuity formula = C × (1/r) × ([1 + r ]^n - 1)

Where

C = payment

Therefore

100000 = C (1/0.004868) × ([1 + 0.004868]^120 - 1)

C = 100,000/(1/0.004868) × ([1 + 0.004868]^120 - 1)

C = $615.47 per month

4 0

3 years ago

Read 2 more answers

Describe a situation in which there could be a conflict of interest between an IT consultant’s self-interest and the interests o

timurjin [86]

Answer:

An example of a situation in which there could be a conflict of interest between an IT consultant’s self-interest and the interests of a client is a delay in duration for completion of a project.

This potential conflict can be addressed by providing a report of activities that have ensued within the time lapse and give reasons for extension of time.

Explanation:

An IT consultant saddled with the responsibility of developing a website for a client could have a disagreement with the client if he does not deliver on the job as at when due.

This could be due to his inability to concentrate on the project as a result of other personal engagements he has which could make him earn more.

To assuage his client's disapproval, he can present a detailed report showcasing the progress on the project and estimate an additional time to complete it.

He must be calm and courteous in his approach no matter how infuriated his client is.

7 0

3 years ago

In a balanced balance sheet, if liabilities are $2,000 and owner’s equity is $3,300, what must assets be ____?