Correct mark 1000 out of 1000 on panettone inc has

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Question CorrectMark 10.00 out of 10.00On December 31, 2015, Panettone Inc. has total liabilities of $555,500 and total equity of$1,049,500. The company needs to raise additional funds through debt and equity. The companywill issue 4,000 shares of common stock at $13.25 per share and in addition it intends to borrowas much as it can from Bank of Switzerville. Bank of Switzerville requires a maximum debt-to-assetratio of 0.64. What is the maximum additional amount that the company can borrow after theadditional stock is issued? 4Select one:a. $53,000b. $1,061,120c. $505,620d. None of these total debt before loan: $555,500 total assets before loan: $1,658,000 (555,500+1,049,500+(4000*13.25)) (555,500+x)/(1,658,000+x)=0.64 X=$1,404,500 Company can borrow a maximum amount of $1,404,500Your answer is correct.The correct answer is: None of these
CorrectMarks for this submission: 10.00/10.00.
9/23/2017Exam 1 (Practice Exam)6/7Question CorrectMark 10.00 out of 10.00Based on the information below and considering that this company paid $213,500 in cash to itssuppliers during the year, what is the company's cost of goods sold for 2015? 1/1/2015 12/31/2015Inventory$122,400$134,560Accounts payable$54,000$123,0005
CorrectMarks for this submission: 10.00/10.00.
9/23/2017Exam 1 (Practice Exam)7/7Question CorrectMark 10.00 out of 10.00FFS Clothing Store sells socks. During January 2017, its inventory records for one particular brandof socks were as follows:Quantity Price per pair Beginning Inventory16 pairs $18 = $288January 6 Purchase13 pairs $16= $208January 10 Sale15 pairs N/AJanuary 15 Purchase18 pairs $15= $270January 20 Sale22 pairs N/A January 25 Purchase14 pairs $22= $308See information for FFS Clothing Store above. Using this information, perpetual LIFO remaininginventory is6
CorrectMarks for this submission: 10.00/10.00.

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