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accounting questions The following data are taken from the comparative statement of financial positions of SeeSee Company. Compute the debt to equity ratio for year

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accounting questions

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The following data are taken from the comparative statement of financial positions of SeeSee Company. Compute the debt to equity ratio for year 2018 and take two decimal places in the final answer. Total assets in 2017, 2018, and 2019 are respectively: $716,000, $880,000, $779,000. Total equity in 2017, 2018, and 2019 are respectively: $528,000, $720,000, $598,000. Select one: O a. 0.28 O b. 0.22 O C. 0.26 O d. None of the above/below O e. 1.22Skinny borrowed $497,700 from a bank and signed a 3% installment note for twelve equal annual payments, with the first payment due one year after the note was signed. Take 9.9540 as the annuity factor and round all the figures in the amortization table to the nearest dollar. Find the total principal reduction during the first two years. Select one: O a. $85,069 O b. $71, 190 O c. $78,810 O d. $73,326 e. None of the above/belowlnstantService uses perpetual inventory system and estimates warranty costs equal 3% of dollar sales. It records warranty expense with an adjusting entry at the end of each calendar year. On 31 Oct 2918, it sold a machine costing $?.700 with a two-year warranty to a customer tor $9,900 cash. The machine needs repairing on 29 Nov 2019 at a cost of $249 taken from the inventory. What is the estimated warranty liability for this machine on 31 Dec 2019'? Select one: Q a. 15 credit 0 b. 18 credit 0 c. 15 debit Q d. 18 debit 0 e. None of the abovelbelow

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