Manhattan Corporation Has Total Assets of $700 000, Total Liabilities

question 7

Short Answer

Manhattan Corporation has total assets of $700 000, total liabilities of $200 000, and owners' equity of $500 000. What is Manhattan Corporation's debt-to-equity ratio?

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Definitions:

Marginal Benefits

The further satisfaction or benefit realized from consuming one more unit of a good or service.

Majority Vote

A decision-making process where the choice receiving more than half of the votes wins.

Recreation Center

A facility that provides a variety of physical and social activities designed for enjoyment, relaxation, and the physical health of the community.

Logrolling

The act of trading support, particularly within the political arena, through mutual agreement to vote for each other's proposed bills.