The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense $ 50,000 10,000 12,000 28, 000 200,000 120,000 Net income Total assets at year-end Total liabilities at year-end The debt/equity ratio at December 31, 2019 was:

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: Please help thanks

A: Equivalent units: This is one of the processes costing methods, under this method the uncompleted…

Q: Can you explain the problem step by step. I'm having a hard time.

A: The cost function  Y = a+bX a = fixed cost b = variable cost Y = total cost X = the quantum of…

Q: why are all the answerer are wrong please help

A: Inventory valuation method includes: First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted…

Q: Direct materials and conversion equivalent units of production for August . Direct materials and…

A: Solution:-                               Morning Brew Coffee Company…

Q: Required: a. Prepare a statement of LLC liquidation. b. Provide the journal entry for the final cash…

A: Given Information: Lester Capital = $48,630 Torres Capital = $65,630 Hearst Capital = $26,190…

Q: Concord Corporation issues 10, 10- year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal…

A: Given that, the corporation issued 10 bonds. value of bonds issued = $1000 issue price of bond = $98…

Q: Use EMBG's adjusted trial balance to prepare the company's income statement. EMBG CORPORATION…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Hello, I would need guidance with A-F, if possible.

A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products.…

Q: Kate is very pleased with the results of the first year of operations for Kate's Cards. She ended…

A: Financial Statement:   A financial statement is the complete record of financial transactions that…

Q: How to solve this problem? How does the answer look all solved? I am struggling to answering this…

A: Multi-step income statement: It is the presentation of a normal income statement in a more detailed…

Q: John wishes to borrow 20,000. Lender X and Y offer the following terms: (1) Lender X will be repaid…

A: Present value:Present value is popularly known in short as PV. It is a concept of accounting that…

Q: I need help

A: A payroll journal is a written record of accounting transactions pertaining to payroll. Payroll…

Q: Hi, can you help me with this, is hard to understand. Thank you.

A: 1. Allowance for doubtful debt - Allowance for doubtful debt is the account that a company creates…

Q: Uncollectible Accounts-Percentage of Sales and Percentage of Recelvab At the end of the current…

A: We shall answer the first question since the exact one was not specified. Please resubmit a new…

Q: kindly, explain more

A: When deciding where to invest there many factors that need to be considered in order to take any…

Q: Big help please

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: I need help with figuring out the solution, thank you.

A: The debtors issues an instrument instead of cash said to be note receivable. In case note is paid…

Q: How to create the t account

A: T account is a representation of the legder that records business transactions. It is in the form of…

Q: I need help trying to figure out where these go.

A: Petty Cash is the small sum of money maintained by the organisation seperate from Cash to meet small…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: Please help me with this I'm lost.

A: Comment- Multiple Questions Asked. Utilization Rate- It refers to the performance pointer which is…

Q: How did you get those numbers?

A: For question "A" Preferred stock are non cumulative.  Thus dividend  will be paid maximum to the…

Q: 1. Complete the Adjustments columns using the following year-end adjustments information. a./b.…

A: Solution: Adjusting Entries are the journal entries that are made at the end of a given accounting…

Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.