The most recent financial statements for schenkel co. are shown here: income statement balance sheet sales $ 18,000 current assets $ 11,900 debt $ 16,400 costs 12,100 fixed assets 28,750 equity 24,250 taxable income $ 5,900 total $ 40,650 total $ 40,650 taxes (40%) 2,360 net income $ 3,540 assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 40 percent dividend payout ratio. no external equity financing is possible. what is the sustainable growth rate? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) sustainable growth rate %

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: