The balance sheet for Shaver Corporation reported the following:
cash, $7,000; short-term inv...
Business, 24.04.2020 18:37 coolman5999alt
The balance sheet for Shaver Corporation reported the following:
cash, $7,000; short-term investments, $12,000; net accounts receivable, $39,000; inventories, $44,000; prepaids, $12,000; equipment, $116,000; current liabilities, $44,000; notes payable (long-term), $74,000; total stockholders’ equity, $112,000; net income, $3,720; interest expense, $5,200; income before income taxes, $6,480.
Compute Shaver’s debt-to-assets ratio and times interest earned ratio.
Answers: 2
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Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years
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Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.
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