31 Billy's Corner Store has a debt-equity ratio of 0.92. Their total debt is $4,910. What is the value of their total assets? Multiple Choice 10,251.13 14,352.31 12,452.75 5,987.80 10,897.80 1
Answers
To determine the value of Billy's Corner Store's total assets, we need to use the debt-equity ratio and the total debt given.
The debt-equity ratio is calculated as follows:
Debt-Equity Ratio = Total Debt / Total Equity
Given that the debt-equity ratio is 0.92 and the total debt is $4,910, we can set up the equation as:
0.92 = $4,910 / Total Equity
To solve for Total Equity, we can rearrange the equation:
Total Equity = $4,910 / 0.92
Total Equity ≈ $5,342.39
Now, to find the value of the total assets, we can use the equation:
Total Assets = Total Debt + Total Equity
Total Assets = $4,910 + $5,342.39
Total Assets ≈ $10,252.39
Among the given options, the closest match to the calculated total assets of $10,252.39 is option A. 10,251.13.
Therefore, the correct answer is A. 10,251.13.
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Related Questions
extracting round-dollar payments and summarizing them by vendor can help detect both corruption and billing schemes. True/False
Answers
The statement "extracting round-dollar payments and summarizing them by the vendor can help detect both corruption and billing schemes." is True
What are billing schemes?Generally, Fraudulent billing practices target the company's payment processing infrastructure. According to the ACFE Report to the Nations, a billing scheme is "any scheme in which a person causes his employer to issue a payment by having to submit invoices for fictitious goods or services, inflated invoices, or invoices for personal purchases."
In other words, a billing scheme is "any scheme in which a person causes his employer to issue a payout by submitting receipts for personal purchases."
It is possible to uncover fraudulent billing schemes and improper business practices by "extracting round-dollar payments and summarizing them by the vendor." This statement is accurate.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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Karl purchased a second, larger home in which to live. He has decided to rent his first home out for $1,500 a month. His mortgage on the first home is $1,250. Is this an example of passive income?.
Answers
Yes, this would be an example of passive income
what factors would result in a property increasing in value over a holding period?
Answers
Several factors can contribute to an increase in the value of a property over a holding period.
They are as follows:
Location: Properties in desirable or up-and-coming areas tend to appreciate more. Factors like proximity to amenities, good schools, transportation links, and low crime rates can positively impact property values.
Economic Development: If an area experiences economic growth, such as new businesses opening, infrastructure improvements, or job opportunities, property values tend to rise.
Supply and Demand: Limited supply and high demand for properties in a particular area can drive up prices over time.
Renovations and Upgrades: Improving a property through renovations, additions, or upgrades can increase its value.
Inflation: General price inflation over time can contribute to property value appreciation.
Interest Rates: Lower interest rates can make borrowing more affordable, stimulating demand and potentially increasing property values.
Market Conditions: Overall market conditions, such as a strong real estate market, can lead to property value appreciation.
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Which of the following describes the path–goal theory? ANSWER Unselected Identifies leadership style by measuring whether a person is task oriented or relationship oriented Unselected States that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness Unselected Proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control Unselected Suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
Answers
Answer:
I. The least preferred co-worker (LPC) questionnaire.
II. The situational leadership theory (SLT).
III. Fiedler contingency model.
IV. Path-goal theory.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
I. The least preferred co-worker (LPC) questionnaire: identifies leadership style by measuring whether a person is task oriented or relationship oriented.
II. The situational leadership theory (SLT): states that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness.
III. Fiedler contingency model: proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control.
IV. Path-goal theory: suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
plz help!!
Which best describes why taxes and savings are considered leakage factors?
A) They take money out of households.
B) They take money out of the economic system.
C) They take money out of the economic sectors.
D) They take money out of the financial sector.
Thank you!! : )
Answers
Explain:
The reason it’s because the government collects taxes which are considered leakages
Answer:
my In.stagram I'd: unknown_22770
Explanation:
I hope you will msg me
While overall labor union membership has been declining over the last few decades, which type of workers has the highest percentage of union membership
Answers
The workers that have the highest percentage of union memberships are those in
educationtraininglibrary occupationsWhat is a labor union?This is a term that is used to refer to the labor unions that are formed in order to represent the workers that are in a country.
The unions are known to represent workers in terms of benefits, wages and labor hours.
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In a five paragraph essay compare the role of citizens in the federal government, and in your state and local governments. Be sure to include: a. Criteria for membership as a citizen b. Different types of elections c. Civic responsibilities and duties
Answers
Answer:
I think it's C)
Explanation:
What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answers
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
Which level of social construction conversation deals with offical discourses and statements of mission and values?
A) intrapersonal
B) personal
C) interpersonal and small group
D) organizationsl
Answers
The answer is D) organizational. Social construction conversation is a way of understanding how people create meaning through their interactions.
There are four levels of social construction conversation:Intrapersonal: This level deals with the cognitive frames and schema that individuals use to make sense of the world.Personal: This level deals with the way individuals use language to express their own thoughts and feelings. Interpersonal and small group: This level deals with the way people use language to interact with each other in small groups.Organizational: This level deals with the way organizations use language to create and maintain their culture.Official discourses and statements of mission and values are examples of organizational-level social construction conversation. These discourses are used to create a shared understanding of the organization's purpose and values. They also help to define the organization's culture and identity. The other options are incorrect. Intrapersonal conversation deals with the individual's own thoughts and feelings, personal conversation deals with the individual's expression of their thoughts and feelings, and interpersonal and small group conversation deals with the interaction between individuals in small groups.
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Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts
Answers
A reconciliation account is a term that is used to describe an account in the general ledger that consolidates data from a group of sub-ledger accounts that are related.
Types of ReconciliationThe following are types of reconciliation accounts:
Reconciliation accounts are useful for showing or explaining the difference between two financial records.
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Which of the following students is most likely to receive a merit-based scholarship?
A.
a student from a low-income family
B.
a student with a delinquency record
C.
a student from a political family
D.
a student with a high academic score
E.
a student from a middle-income family
Answers
Answer:
D
Explanation:
Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000, respectively. If direct materials used were $310,000, what was the cost of raw materials purchased?
a. $310,000.
b. $330,000.
c. $294,000.
d. $326,000.
Answers
The cost of raw materials purchased for Costas Company based on provided data is $326,000. Therefore, the correct option is d.
To find the cost of raw materials purchased for Costas Company, follow these steps:
1. Note the beginning raw materials inventory: $64,000
2. Note the ending raw materials inventory: $80,000
3. Note the direct materials used: $310,000
4. Use the formula:
Raw materials purchased = (Direct materials used + Ending raw materials inventory) - Beginning raw materials inventory
5. Plug in the values:
Raw materials purchased = ($310,000 + $80,000) - $64,000
6. Calculate:
Raw materials purchased = $390,000 - $64,000
7. Calculate:
Raw materials purchased = $326,000
The cost of raw materials purchased for Costas Company is $326,000, hence option d is correct.
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Genes can be turned on or turned off; not all genes are active at one time.
O False
O True
Answers
Answer:
False
Explanation:
explanation
One reason that underpricing of new issues occurs more frequently than overpricing is that?
Answers
One reason that underpricing of new issues occurs more frequently than overpricing is that underwriters want to reduce the risk of a firm commitment. Therefore, Option A is correct.
What is underwriting?Some major financial institutions, including banks, insurance companies, and investment firms, offer underwriting services in which they guarantee payment in the event of damage or financial loss and accept the financial risk for liability resulting from such guarantee.
Therefore, One reason that underpricing of new issues occurs more frequently than overpricing is that underwriters want to reduce the risk of a firm commitment. Option A is correct.
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"Your question is incomplete, probably the complete question/missing part is:"
A. underwriters want to reduce the risk of a firm commitment.
B. the demand for a new issue is typically too high.
C. underwriters earn low rates of return.
D. issuing firms demand that equity be underpriced.
Why is Rent to Own a Rip Off?
Answers
Please help me♀️♀️
Answers
Answer:
a specific purpose
Explanation:
this is because ;for example you are asking this question with a purpose (to get the answer)
how is revenue calculated from ticket sales
Answers
Answer:
Total revenue from ticket = Cost of one ticket x Total number of thing
Explanation:
Total revenue = Cost of one thing x Total number of thing
Assume
Cost of one ticket = A
Total number of thing = B
Total revenue from ticket = Cost of one ticket x Total number of thing
Total revenue from ticket = A x B
Total revenue from ticket = AB
what is business?????????????
Answers
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
A company's income statement showed the following: net income, $131,000; depreciation expense, $38,500; and gain on sale of plant assets, $12,500. An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $11,100; merchandise inventory increased $26,500; prepaid expenses increased $7,900; accounts payable increased $5,100. Calculate the net cash provided or used by operating activities.
Answers
Answer:
$138,800
Explanation:
Particulars Amount
Net income $131,000
Add: Depreciation $38,500
Less: Gain on sale of plant ($12,500)
Add: Decrease in accounts receivable $11,100
Less: Increase in inventory ($26,500)
Less: Increase in prepaid expenses ($7,900)
Add: increase in account payable $5,100
Net Cash in Operating Activities $138,800
use an optimization model to determine the best course of action for your real estate company, using the following assumptions: you wish to maximize the net present value of profit over the next eight quarters. assume 6% irr, compounding quarterly. (so 1.5% per quarter) in each neighborhood in which they open an office, they will achieve a baseline of 5.5% market penetration, and earn a 5% commission on sales. for every .1% the commission you charge decreases, your market penetration will increase by .15%, (down to a minimum penetration of 4% or a maximum of 6%) you must pay rent and utilities in each office you open each month. determine the average cost per gross square foot of commercial real estate in your neighborhood for the last year (in nyc historical). [when determining this value, you should exclude properties where gross square feet or sale price is unknown.] each month you will pay 1.5% of this for rent and utilities for each square foot of office space you rent. you must rent at least 250 square feet of office space, plus 125 for each employee you hire. you may hire up to 3 employees. each employee you hire costs a yearly salary $65,000 including benefits, and increases your market penetration by .5%. your monthly operating budget is $15,000. you may add other assumption you deem realistic so long you provide the explanation in your report.
Answers
The best course of action for the real estate company is to open offices in neighborhoods with higher market penetration and lower commercial real estate costs, hire up to 3 employees, and set commission rates to achieve maximum net present value of profit over the next 8 quarters while staying within the monthly operating budget of $15,000.
To optimize net present value of profit, the real estate company should analyze market penetration, commission rates, and real estate costs in each neighborhood to determine which locations will yield the highest profit.
The company should also hire up to 3 employees to increase market penetration while staying within the operating budget. The commission rate should be set to maximize profit while also taking into account the relationship between commission rates and market penetration.
The company should aim to rent office space in neighborhoods with low commercial real estate costs and high market penetration, and adjust the office space size to meet the minimum requirements while minimizing costs.
Finally, the company should regularly monitor and adjust its strategy to adapt to changing market conditions.
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4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answers
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
Click this link to view O*NET’s Work Activities section for Licensing Examiners and Inspectors. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Licensing Examiners and Inspectors? Check all that apply. working directly with the public evaluating information staffing organizational units drafting technical devices interacting with computers getting information
Answers
Answer:
Licensing Examiners and Inspectors examine, evaluate, and investigate eligibility for, conformity with, or liability under licenses or permits.. Here is what a typical day’s work for a Licensing Examiner and Inspector looks like: Issue licenses to individuals meeting standards. Collect fees for licenses.
Explanation:
Answer: A B E F
Explanation:
Jenson is a senior-level manager in his organization. He makes strategic-level decisions to improve the sales or to increase the profits of the organization. Which information system will reflect the strategic decisions that Jenson makes as a senior manager? A. Executive information system B. Management information system C. Transaction processing system D. Decision support system
Answers
Answer: Management information system
Explanation:
The information system that reflect the strategic decisions that Jenson makes as a senior manager is the management information system.
Management Information System is simply referred to an information system that is used to make decisions and also used for analysing and coordinating information in the organization. It studies the relationship and interaction that exist between the people and the organization.
Answer:
decision support system
Explanation: PLATOOOOOOOOOOOOO
Which change should be made to the above cover letter excerpt before sending it to an employer? a. The author should to remove "Dear", because it is an informal letter b. The author should remove the background color from the letter c. The author should reduce the number of keywords being used d. The author should increase the number of characters to 100 on each line Please select the best answer from the choices provided A B C D.
Answers
The change that should be made to the above cover letter excerpt before sending it to an employer is option A: The author should remove "Dear" because it is an informal letter.
In a formal cover letter, it is customary to address the recipient using a salutation such as "Dear [Name]" or "To Whom It May Concern." By removing "Dear," the author would eliminate the informal tone and adhere to the appropriate level of professionalism required for a cover letter. Maintaining a formal tone is essential to make a positive impression on potential employers and show that you take the application seriously. It is important to follow the conventional norms and guidelines when writing a cover letter to enhance your chances of success.
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Which conditions contribute to engine deposits ?
Answers
Answer: oxidation
combustion byproduct
road dust and dirt
moisture and acid.
Explanation:
One of the main cause of engine deposit is when one drives in areas whereby there are usually high temperature. In such scenarios, the excessive heat can lead to breakdown in the oil which results into engine deposits.
Other causes of engine deposit are oxidation, dust and dirts, the byproducts gotten from combustion etc.
free stuff rAHEISZgohndkbjaf
Answers
Answer:
What do you mean?
Explanation:
Answer:
thx for the points
Explanation:
Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation:
Alaska king crab fishing in the 1960s and 70s was a dangerous but rich fishery. Boats from as far away as California and Japan braved treacherous waters to reach the abundant king crab beds in Cook Inlet and Bristol Bay, major waters along the southern Alaska coast. In the early 1980s, the fishery crashed due to overfishing. All crabbing in those areas ended. To this day, there is no crabbing in Bristol Bay or Cook Inlet. a. How would an economist explain the decline of the Alaska king crab fishery
Answers
Answer:
Common good
Explanation:
The decline of the Alaska king crab fishery would be explained using the concept of common good.
Now to provide further explanation on what a common good is:
A common good is a good that is beneficial to all persons. Such a good serves everybody as there is no exclusion or rivalry. One major problem with common goods are a depletion of resources. This is what happened when the fishery crashed due to fishery because everyone is entitled to it and uses it, the problem of overfishing was bound to happen.