1) Samantha Knight is applying for a small-business loan. She provides the bank with the following information: cash in checking accounts, $5,000; cash in savings, $10,350; home market value, $145,500; first mortgage on house, $25,000; home equity loan limit, $70,000; home equity loan, $10,000; automobile market value, $19,000; automobile loan outstanding, $15,000; credit card debt, $1,500. a) Calculate the debt-to-asset ratio b)Calculate the debt-to-equity ratio. c) What percentage of Samantha's assets are owned by others?

Answers

Answer 1

a) The debt-to-asset ratio is 28.69%.

b) The debt-to-equity ratio is 40.16%.

c) Approximately 28.69% of Samantha's assets are owned by others.

a) To calculate the debt-to-asset ratio, we divide total debt by total assets:

Total Debt = First Mortgage + Home Equity Loan + Automobile Loan + Credit Card Debt

Total Debt = $25,000 + $10,000 + $15,000 + $1,500 = $51,500

Total Assets = Cash in Checking + Cash in Savings + Home Market Value + Automobile Market Value

Total Assets = $5,000 + $10,350 + $145,500 + $19,000 = $179,850

Debt-to-Asset Ratio = Total Debt / Total Assets

Debt-to-Asset Ratio = $51,500 / $179,850 ≈ 0.2869 or 28.69%

b) To calculate the debt-to-equity ratio, we divide total debt by equity:

Equity = Total Assets - Total Debt

Equity = $179,850 - $51,500 = $128,350

Debt-to-Equity Ratio = Total Debt / Equity

Debt-to-Equity Ratio = $51,500 / $128,350 ≈ 0.4016 or 40.16%

c) To calculate the percentage of Samantha's assets owned by others, we divide total debt by total assets and multiply by 100:

Percentage of Assets Owned by Others = (Total Debt / Total Assets) * 100

Percentage of Assets Owned by Others = ($51,500 / $179,850) * 100 ≈ 28.69%

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Related Questions

How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.

Answers

Answer:

A

Explanation:

net worth is based on assets and income so if assets decrease your net worth decreases

Name three types of financial payment methods for labour services.

Answers

Answer:

1. Checks

2. Electronic bank transfers (direct deposit)

3. Pre-paid debit cards

Why do you think the 4 components of media measurement are important?

Answers

Answer:

audience, impression, frequency, and cost per thousand (CPM) 3.

Reach””The number or percent of different homes or persons exposed at least once to an advertising schedule in one or more media vehicles over a given period of time.

Frequency””The average number of times that the household or person is exposed to a media vehicle, schedule or campaign over a given time period.

If you are late paying your bill, what is the impact on your annual fee?

Answers

Answer:

It will most likely increase

Explanation:

The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.

What is bill?

A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.

If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.

Therefore, the late payment of bill would increase the amount of interest.

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ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month thereafter. You project expenses
to begin at $7,000 per month and grow by $50 per month. In what month will you break even (revenue equal to expenses)?

Answers

Answer:

13.33

Explanation:

We have to write 2 equations to set equal to each other.

The first one will look like this:

200x + 5,000

The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.

The second equation will look like this:

50x + 7,000

The project begins at $7,000 and grows by $50 every month so the x will go with the 50.

Now, set them equal to each other

200x + 5,000 = 50x + 7,000

Solve

150x + 5,000 = 7,000

150x = 2,000

x = 13.333

Therefore, in the thirteenth month the project will breakeven.

Hope this helps!!

- Kay :)

¿Cuáles de estos son agentes económicos?

Answers

Three fundamental economic agents are present in every economy: Families, businesses, and the government, despite current economic theories.

What are the four types of economic agents?

There are four primary economic agents: individuals, businesses, governments, and central banks are all examples.

What economic agents are there and what are their functions?

Economic agents are one of the most important parts that make up a country. Simply put, these subjects are financial or legal participants in an economic activity. Numerous economic agents produce and distribute goods and services in a territory.

Incorporating four figures: one of the banks, given their increasing prominence when it comes to influencing the economy.

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PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!

PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!

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Answer:One of the main reasons why people are motivated to do a job well is the sense of achievement they get from it. Achievement is the feeling of pride that comes from knowing you have done your job well.

A second type of motivation that is common in the workplace is that of power. Some people get a lot of pleasure out of having power and authority. This is not necessarily a bad thing, as sometimes these people are particularly good at directing others and can make good managers.

Both types of motivation are common, and they can be very important in the workplace. However, the sense of achievement can be created by the person individually, and requires little group work. On the other hand, the motivation of power depends on the type of interaction the person has with others.

Explanation:self motivation requires a personal drive where as group motivation has other people tell you when your doing good or they can help you when it isnt going right.

please help me with my question from my profile.

Using the chart, identify an example of absolute advantage for the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.

Answers

Answer:

Absolute advantage is the advantage that a country has when it can produce a particular good or service at a lower cost than other countries.

Explanation:

The United States, in particular, has absolute advantage in the production of oil. Currently, the U.S. is the largest oil producer in the world, with around 15 million barrels a day.

This advantage occurs because the United States has ample oil deposits, both conventional and non-conventional (non-conventional deposits are those that can only be exploited through fracking), and also because the U.S. has the technical capacity, both in terms of infrastructure and human capital, to exploit those oil deposits in a satisfactory manner, and more importantly, in a more efficient and cheaper way than most other countries in the world.

Abbott Company purchased $7,100 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this transaction affect the financial statements

Answers

The answer is b I hope this helps

John F. Kennedy belleved that a leader should be

A. in the military

B. elected

C.a lifelong student ​

Answers

Answer:

c

Explanation:

according to the economic policy institute, what is the average pay difference between a high school graduate and a college graduate?

Answers

According to the Economic Policy Institute, the average pay difference between a high school graduate and a college graduate is about 80%.


1. The Economic Policy Institute has conducted research on the average pay difference between high school graduates and college graduates.
2. Their findings indicate that college graduates earn, on average, about 80% more than high school graduates.
3. This means that the pay gap between these two groups is significant, with college graduates generally earning higher wages in comparison to their counterparts who only have a high school diploma.

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In general, being __________ means individuals do not have financial means to cover the gap between what their insurance covers and the total cost of their medical bills.

Answers

In general, being Underinsured means individualsthe  do not have financial means to cover the gap between what their insurance covers and the total cost of their medical bills.

A co-payment is a flat that a patient pays for touring a company or buying prescribed drugs. The copayment varies from issuer to company. Coinsurance is a percentage of the covered advantages paid with the aid of each insurance corporation and the patient.

Meaningful use is measured by way of precise goals for the usage of an EHR machine in an effort to evolve over 3 levels with the purpose of enhancing health care, engaging patients, improving coordination, increasing efficiency, and preserving the privacy of patient health information.

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the negative impact of the coronavirus on businesses​

Answers

Answer:

UNEMPLOYMENT..

main cause..

abc insurance retains the first $1 million of each property damage loss and purchases reinsurance for that part of any property loss that exceeds $1 million. the insurance for property losses above $1 million is called

Answers

ABC insurance retains the first $1 million of each property damage loss and purchases reinsurance for that part of any property loss that exceeds $1 million. The insurance for property losses above $1 million is called Reinsurance.

What is Reinsurance?

Reinsurance refers to an insurance company's transfer of some or all of its risks to another insurance company.

The primary insurer, which is the company that wrote the policies, is relieved of all or a portion of the claim payments required by its policyholders because it can pass on its excess risk to the reinsurer.

When the cost of a claim is above a particular threshold, a ceding company may get reinsurance. The reinsurer then pays the ceding business for the amount that surpasses the threshold up to the reinsurer's limit, known as the retention.

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What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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For an FBLA-PBL member who is interested in running for a state or national

office, what FBLA-PBL activity would be the most likely to help them?

O A. Participate in the Institute for Leaders

B. Network with local business people

C. Participate in local community service

D. Compete at the National Leadership Conference

SUBMIT

Answers

Answer:A

Explanation: i did the test

in markets, prices move toward equilibrium because of

Answers

Answer:

"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."

Explanation:

Gaby is motivated to work hard in a capitalistic society, because: ________

Answers

Gaby is motivated to work hard in a capitalistic society, because  she wants to do well for herself.

What is the name of a capitalist society?

Since the end of feudalism, capitalism, also known as the market economy or the free enterprise economy, has dominated in the Western countries. Under capitalism, the majority of the mode of production are privately owned, and production is controlled and income is distributed primarily through the the functioning of markets.

The benefits of capitalism

Contrary to socialism, marxism, or authoritarianism, capitalism encourages individual initiative and a solid work ethic. By working hard or come up with an original concept, everyone can elevate their position in life. In many nations around the world today, that is still not the case and has hardly shown to be the case through human history.

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plss someone give me a 3 examples of business objectives with timeframe (our product is reselling the shoes) plss i need it​

Answers

Answer:

campaign

store

fundraising

all great examples of buisness objective

During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.

Answers

The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.

What is a snow storm?

When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.

These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.

Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.

Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.

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While in the planning stage, what would a project manager create through the use of software?
O a proposal for what the project will entail
O a list of goals for the project to meet
O a timeline or schedule for the project
O an evaluation of the project

Answers

an evaluation of the project

A fan base is, in most ways, quite similar to a customer base.
A. False
B. True

Answers

The correct answer is ‘True’.
True in some ways. A fan supports the person statistically however a customer supports a person financially

The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.

The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before
The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before

Answers

Answer: See Image Below

The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before

The adjusting entries for Skysong, Inc. for March is prepared from the given   selected accounts before adjusting entries have been prepared.

What are adjusting entries?

Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.

The adjusting entries are as follows:-

No.   Date           Account Tiles and Explanation       Debit        Credit

1.      March 31        Depreciation expense                      756

                       Accumulated Depreciation expense                        756

2.     March 31    Unearned Rent revenue                        5580

                            Rent revenue                                                        5580

3.     March 31      Interest Expense                                360

                            Interest payable                                                   360

4.    March 31        Supplies Expense                            1935

                               Supplies                                                             1935

5.    March 31       Insurance Expense                             1080

                            Prepaid Insurance                                                    1080

Therefore, the adjusting entries are prepared on March 31.

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FILL IN THE BLANK ____ is a basic component that suppliers must possess before they proceed to the next phase of the evaluation and selection process.

Answers

Answer:

Entry qualifier

Explanation:

The entry qualifier is a basic component that suppliers must possess before they proceed to the next phase of the evaluation and selection process.

Demand-oriented, cost-oriented, profit-oriented, and competition-oriented are four approaches used to set ______.

Answers

The 4 approaches to set approximate price level includes Demand-oriented, cost-oriented, profit-oriented, and competition-oriented.

In marketing, the determination of the price of a product or services can take different approach which includes:

Demand-oriented: This method attempts to set price at level that intended buyers are willing to pay.

Cost-oriented: This method of pricing attempts to set price at the level that will cover the total cost incurred for producing the product.

Profit-oriented: This method of pricing attempts to set price at the level that guarantees the company's profitability

Competition-oriented: This method of pricing attempts to set price while considering competition of other company

Therefore, the four approaches are used to set approximate price level.

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which is a way to increase your net worth

Answers

Ways to increase your net worth are

Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.

What is net worth?

Generally, taking into consideration all financial assets and obligations of a person/company/household.

In conclusion, Consolidate or renegotiate your debts.

Keep your vehicles for as long as you can.

Boost your wages

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Will the following transaction be included in GDP for the United States? Explain Why or Why Not.

Mrs. Rockefeller purchases $1,000,000 of stock in Home Depot.

Answers

The purchase of the stocks would not be included in the GDP of the United States. This is because the purchase of sale of financial assets are not included in GDP.

What is GDP?

GDP is an abbreviation for gross domestic product. The gross domestic product of a country is the sum of all the final goods and services that a country produces in a certain period. Gross domestic product is used to determine the economic wellbeing of a country. The higher the GDP, the higher the wealth of the country.

GDP calculated using the expenditure method is:

Gross domestic product = consumption spending + government spending + business spending + net export

The following are not included in the calculation of GDP:

services not rendered to oneselfActivities not reported to the government illegal activitiessale or purchase of used productssale or purchase of intermediate productsthe purchase or sale of financial assets e.g. stocks and bonds

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What is trade liberalisation??
From business subject

Answers

Trade liberalization refers to the removal or reduction of government-imposed restrictions on the import and export of goods and services. This can include tariffs, quotas, and other barriers to trade. The goal of trade liberalization is to increase economic efficiency and growth by allowing countries to specialize in the production of goods and services in which they have a comparative advantage, and to access a wider range of goods and services from other countries.

Which of the following is not a tax assessment that must be taken into consideration during estate planning?A: Gift.B: Estate.C: Probate.D: Income.E: All of the above must be taken into consideration.

Answers

Income is not a tax assessment that must be taken into consideration during estate planning. The correct option is D.

Income tax is not a tax assessment that must be taken into consideration during estate planning. Estate planning typically focuses on taxes related to the transfer of assets after death, such as estate tax and gift tax. Probate is also a legal process that must be considered during estate planning to ensure that assets are distributed according to the deceased person's wishes.

Income tax is typically assessed on the income earned by individuals during their lifetime and is not directly related to estate planning. However, it is important to consider the potential income tax implications of transferring assets, such as capital gains taxes that may be due if assets are sold after being transferred to a beneficiary. Hence option D is the answer.

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According to the speaker, what are the three traditional Gs of growth?

Answers

Answer:

Consistent, Competitive & Profitable.

Explanation:

correct on edge

The three traditional Gs of growth are Growth, Gratitude, and Giving

What is tradition?

The standard of a piece of information being discussed is indicated by tradition. For instance, "Homer is said to have been born on the island of Chios, although many other places have historically claimed him as their own." It may never be possible to confirm or deny this custom.

Growth: In other words, if you develop your workforce, your business will do the same. Don't you make an effort to hire employees that are smarter than you Give them an opportunity to succeed while guiding them while they do so.tradition

Gratitude can take many different forms. Your customers conducting business with you, internal promotions, and improving someone. Investing in a better world and receiving assistance in whatever form are both aspects of gratitude.

Giving: is a straightforward conclusion; you give it your all without holding back. Giving is recognizing the need and taking action to provide assistance in any form that is practical. Giving ultimately causes the business world to whirl. If you do it, other people will too. That's how easy it is.

Therefore,  Traditional Gs of growth are Growth, Gratitude, and Giving

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