5b thank you Analysis Component:Littlechild Enterprises' assets are financed 76% by debt. What does this mean? As part of your answer, include an explanation of howthe 76% was calculated. (Round your answer to the nearest whole number.)Assets result from a combination of debt and equity financing (A = L+E). Littlechild Enterprises' total assets ofresulted from incurringin liabilities.76 %100 = George Littlechild started a new kitchen and bath design business called Littlechild Enterprises. The following activities occurredduring its first month of operations, March 2020:a. Littlechild invested $160,000 cash and office equipment valued at $20,000 in the business.b. Purchased a small building for $600,000 to be used as an office. Paid $100,000 in cash and signed a note payable promising topay the balance over several years.c. Purchased $3,000 of office supplies for cash.d. Purchased $72,000 of office equipment on credit.e. Littlechild made reservations at a hotel hosting a kitchen and bath design conference in August 2020. He will send a $1,000deposit on July 1, 2020.f. Completed a project on credit and billed the client $5,200 for the work.g. Paid a local online newspaper $3,500 for an announcement that the office had opened.h. Completed a project for a client and collected $4,000 cash.i. Made a $4,000 payment on the equipment purchased in (d).j. Received $2,500 from the client described in (f).k. Paid $7,000 cash for the office secretary's wages.I. Littlechild withdrew $3,600 cash from the company bank account to pay personal living expenses.

Accounting equation says that total assets should always be equals to total liabilities and…

Analysis Component: Littlechild Enterprises' assets are financed 76% by debt. What does this mean? As part of your answer, include an explanation of how the 76% was calculated. (Round your answer to the nearest whole number.) Assets result from a combination of debt and equity financing (A = L+ E). Littlechild Enterprises' total assets of resulted from incurring in liabilities. x 100 = 76 %

Analysis Component: Littlechild Enterprises' assets are financed 76% by debt. What does this mean? As part of your answer, include an explanation of how the 76% was calculated. (Round your answer to the nearest whole number.) Assets result from a combination of debt and equity financing (A = L+ E). Littlechild Enterprises' total assets of resulted from incurring in liabilities. x 100 = 76 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Unit 1 question 16
Q. 14
The bond has a coupon rate of 5.69 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A clean price of $935 and the par value is $1,000. What is the invoice price?
Answe no. 14 and 15 thank you
Rate % 10 15 20 25 303.0 $9.65067 $6.90582 $5.54598 $4.74211 $4.216043.5 9.88859 7.14883 5.79960 5.00624 4.490454.0 10.12451 7.39688 6.05980 5.27837 4.774154.5 10.36384 7.64993 6.32649 5.55832 5.066855.0 10.60655 7.90794 6.59956 5.84590 5.368225.5 10.85263 8.17083 6.87887 6.14087 5.677896.0 11.10205 8.43857 7.16431 6.44301 5.995516.5 11.35480 8.71107 7.45573 6.75207 6.320687.0 11.61085 8.98828 7.75299 7.06779 6.653027.5 11.87018 9.27012 8.05593 7.38991 6.992158.0 12.13276 9.55652 8.36440 7.71816 7.337658.5 12.39857 9.84740 8.67823 8.05227 7.689139.0 12.66758 10.14267 8.99726 8.39196 8.046239.5 12.93976 10.44225 9.32131 8.73697 8.4085410.0 13.21507 10.74605 9.65022 9.08701 8.7757210.5 13.49350 11.05399 9.98380 9.44182 9.1473911.0 13.77500 11.36597 10.32188 9.80113 9.52323…
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