On December 31 . 2014, Zulu Company's current liabilities total $55,000 and long-term liabilities total $155,000 . Working capital at December 31 . 2014, is equal to $85,000 . If Zulu Company's debt-to-equity ratio is .30 to 1 . total long-term assets must equal
a. $910,000.
b. $770,000.
c. $700,000.
d. $825,000.
B
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There are three major ways to resist the other's influence efforts: have good alternatives to a negotiated agreement, make a ________ commitment (or get the other party to make one), and inoculate yourself against the other's persuasive message.
Fill in the blank(s) with the appropriate word(s).
Kaiya is a sales representative of TriColor. Kaiya owes a fiduciary duty to TriColor
a. True b. False Indicate whether the statement is true or false
Which of the following is the correct accounting equation?
A) Assets + Liabilities = Equity B) Assets = Liabilities + Equity C) Assets + Revenues = Equity D) Assets + Revenues = Liabilities + Expenses
Larry, a merchant seller, had contracted with Simon to buy welding equipment. The contract stipulated that Larry would pick up the equipment from Simon's warehouse on the 14th day from the date of the contract. Larry could not make the pick-up on the stipulated date and before he could do so on the 15th day, the warehouse and its contents were destroyed by arsonists. In this situation, who bears the risk of loss for the goods that were to be received by Larry?
A. The risk of loss lies with Larry for delaying the pick-up. B. The risk of loss lies with Simon for not protecting the goods from the arsonists. C. The risk of loss is equally shared by Larry and Simon. D. The risk of loss is shifted to the persons responsible for the fire.