Question
1. Calculate sales given the following data. Total fixed assets $400,000; long-term liabilities $155,000; total liabilities $280,000; total shareholders' equity $320,000; net working capital turnover
1. Calculate sales given the following data. Total fixed assets $400,000; long-term liabilities $155,000; total liabilities $280,000; total shareholders' equity $320,000; net working capital turnover 20.
$1,500,000
$1,700,000
$1,900,000
$2,100,000
$2,250,000
2.Calculate the value of total assets given the following information: total equity = $630; total debt ratio = .30.
$189
$375
$527
$750
$900
3.What is the net addition to cash given the information below?
Decrease in inventory = $5,250 Increase in accounts receivable = $7,650 Decrease in net fixed assets = $9,150 Increase in accounts payable = $6,250 Decrease in notes payable = $8,750 Increase in long-term debt = $8,500 Decrease in retained earnings = $1,150 Increase in common stock = $5,550
$11,650
$17,150
$11,650
$17,150
$23,450
4.Calculate depreciation expense given the following information. Interest expense $2,000; times interest earned 5; cash coverage ratio 5.5.
$1,000
$1,200
$1,400
$1,600
$1,800
5.Given the following information, determine the total average tax rate for an Ontario resident earning $100,000 in employment income.
Tax Rates | Tax Brackets | |
Federal | 15.00% | Up to $43,953 |
22.00 | 43,95487,907 | |
26.00 | 87,908136,270 | |
29.00 | 136,271 and over | |
British Columbia | 5.05% | Up to $ 40,120 |
9.15 | 40,12180,242 | |
11.16 | 80,243150,000 | |
12.16 | 150,001220,000 | |
13.16 | 220,001 and over | |
42.16%
37.16%
27.31%
20.05%
15%
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