Answer:
increase
Explanation:
the law is indirectly proportional
It is true that a landlord will check your credit report before renting to you.
It is because he is paying money so it is a expense
Answer:
B. 75%.
Explanation:
The formula to compute the long-term debt to equity ratio is shown below:
= (Long term debt) ÷ (total shareholder equity) × 100
= ($360 ÷ $480) × 100
= 75%
All other information which is given in the question is not consider for the computation part. Hence, ignored it
We simply divide the long term debt with the total shareholder equity to find out the ratio between them
Answer:
The answer is: Garnett Co.'s net income is $7,600
Explanation:
To determine the net income we must first calculate the cost of goods sold and the commissions paid:
- COGS = $50,000 x 40% = $20,000
- Commissions = $32,000 x 10% = $3,200
Now we can elaborate the following income statement for Garnett Co.
Total sales $32,000
COGS ($20,000)
Commissions ($3,200)
<u>Advertising expense ($1,200) </u>
Net income $7,600