Debt to assets ratio for 2013 and 2012.

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Answer 1

Question

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

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Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following standard cost sheet: Direct materials (5 lbs. @ $2.60) $ 13.00 Direct labor (0.75 hr. @ $18.00) 13.50 Fixed overhead (0.75 hr. @ $4.00) 3.00 Variable overhead (0.75 hr. @ $3.00) 2.25 Standard cost per unit $ 31.75 Algers computes its overhead rates using practical volume, which is 54,000 units. The actual results for the year are as follows: Units produced 53,000 Direct materials purchased 275,000 pounds at $2.50 per pound Direct materials used 270,200 pounds Direct labor Fixed overhead Variable overhead 40,100 hours at $17.95 per hour $ 1,61,600 $1,21,900 Compute the price variance for direct materials.

Algers Company produces dry fertilizer. Compute the usage variance for direct materials. At the beginning of the year, Algers had the following standard cost sheet: Direct materials (5 lbs. @ $2.60) $ 13.00 Direct labor (0.75 hr. @ $18.00) 13.50 Fixed overhead (0.75 hr. @ $4.00) 3.00 Variable overhead (0.75 hr. @ $3.00) 2.25 Standard cost per unit $ 31.75 Algers computes its overhead rates using practical volume, which is 54,000 units. The actual results for the year are as follows: Units produced 53,000 Direct materials purchased 275,000 pounds at $2.50 per pound Direct materials used 270,200 pounds Direct labor 40,100 hours at $17.95 per hour Fixed overhead Variable overhead $1,61,600 $1,21,900

What is the forecasted accounts receivable on these general accounting question?

Answer 2

Question

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

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Answer 3

Question

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

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Answer 4

Question

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

Expert Solution & Answer

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Answer 5

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

Answer 6

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

Answer 7

Chapter 10, Problem 10.10E

1.

To determine

To calculate: Debt to assets ratio for 2013 and 2012.

Answer 8

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

Answer 9

To determine

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

Answer 10

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

Answer 11

2. a

To determine

To identify: The conclusion based on the above calculation of debt to assets ratio.

Answer 12

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

Answer 13

2. b.

To determine

To identify: The conclusion based on the above calculation of times-interest earned ratio.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 10 - Prob. 1Q Ch. 10 - Prob. 2Q Ch. 10 - What three factors influence the dollar amount...Ch. 10 - Prob. 4Q Ch. 10 - Prob. 5Q Ch. 10 - Prob. 6Q Ch. 10 - Prob. 7Q Ch. 10 - If a company has a long-term loan that has only...Ch. 10 - What are the reasons that some bonds are issued at...Ch. 10 - Prob. 10Q

Debt to assets ratio for 2013 and 2012.

Solution Summary: The author explains that debt to assets ratio is used to evaluate the relationship between the total liabilities and total assets of the company.

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To calculate: Debt to assets ratio for 2013 and 2012.

To calculate: Times-Interest-Earned ratio for 2013 and 2012.

To identify: The conclusion based on the above calculation of debt to assets ratio.

To identify: The conclusion based on the above calculation of times-interest earned ratio.

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Chapter 10 Solutions