Emery Corporation Balance Sheet Income StatementAssets:Cash $250,000Sales (all credit) $8,000,000Accounts receivable 450,000Cost of goods sold (4,000,000)Inventory 500,000Operating expense (2,900,000)Net fixed assets 2,100,000Interest expense (150,000)Total assets $3,300,000Income taxes (380,000)Net income $570,000Liabilities and owners' equity:Accounts payable $100,000Notes payable    450,000Longminus−term debt1,050,000Owners' Equity 1,700,000Total liabilities and owner's equity $3,300,000Based on the information in Table the debt ratio is:.A. 40.24%.B. 48.48%.C. 53.43%.D. 18.38%.

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.