Answer:
b. $150,500
Explanation:
debit/capital = $185000/$610000
= 30%
target debt is 55%
debt/capital = 0.55
let the new debt be Y
Y/$610,000 = 0.55
Y = $335,500
excess debt need by company = $335500 - $185000
= $150500
Therefore, The debt that the company must add to achieve the target debt to capital ratio is $150500.
Answer:
The purchase should stay the same or even increase its number.
Explanation:
To begin with, due to the fact that the income elasticity of peanut butter is exactly -0,7 then that good is inferior and because of that when the income drops by 15 percent next year then the consumer will still be buying the product but in a more frequent way due to the fact that if the income decreases then the demand of that product that tend to be inferior will be available for everyone. That is why, as a manager you should continue to buy peanut butter.
Following Adjustments are being shown below.
<u>Which two accounts are affected ?</u>
<u>What kind of accounts are they? </u>
<u>Do the account balances increase or decrease? </u>
<u>Do we debit or credit the accounts? </u>
Since insurance is paid in advance for the upcoming six months, the account that will be debited will be a prepaid insurance account.
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Answer:
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