Category: Business

Meijer Inc's assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt/assets ratio of 55%. The size of the firm does not change. How much debt must the company add or subtract to achieve the target debt ratio? $158,750 $166,688 $175,022 $183,773 $192,962

At December 31, 2018, Monty Corp. Company had a credit balance of $19,700 in Allowance for Doubtful Accounts. During 2019, Monty Corp. wrote off accounts totaling $11,800. One of those accounts ($2,100) was later collected. At December 31, 2019, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $25,200. Prepare journal entries to record the 2019 transactions of Monty Corp. Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

A county receives $10,000,000 from a private foundation. The foundation requires that the county maintain the principal of this endowment, and income from its investment must be used to maintain county parks. The county reports activities related to this endowment in a permanent fund. During the year, the county invests the $10,000,000, earns investment income of $300,000, and spends $280,000 on park maintenance. At year-end, how does the permanent fund report fund balance?

A. Nonspendable $10,000,000 and restricted $20,000
B. Restricted $10,000,000 and committed $20,000
C. Restricted $10,000,000 and assigned $20,000
D. Nonspendable $10,000,000 and assigned $20,000

July 31: during july, ps music provided guest disc jockeys for kxmd for a total of 115 hours. the contract requires ps music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600, which ps music has already received payment for. any additional hours beyond 80 will be billed to kxmd at $40 per hour.

Monopolistically competitive firm is currently earning a positive economic profit. If other firms enter the market, we would expect that the added competition will cause this firm to adjust its output such that it A. will no longer be at its efficient scale. B. might move either closer to or further from its efficient scale. C. will operate closer to its efficient scale. D. will operate further from its efficient scale.

The following table shows the national income data for an economy in year 2020. ITEM RM (million)

Wholesale and Retail 11 700

Mining and Gas 7 200

Construction 22 105

Manufacturing 15 705

Agriculture and Forestry 11 000

Banking and Insurance 15 000

Factor Payment from Abroad 5 280

Other Services 2 250

Indirect Taxes 650

Factor Payment to Abroad 6 820

Capital consumption 370

a. Based on the above data calculate:

i. Gross Domestic Product at market price

ii. Gross National Product at factor cost

iii. National Income

b. Name the approach used in this national income calculation.

c. List down TWO (2) uses of national income statistics.