Gary's Gadgets Prepared the Following Preliminary Balance Sheet a Few

question 238

Essay

Gary's Gadgets prepared the following preliminary balance sheet a few days before its December 31 yearend:

a.Use the preliminary balance sheet to calculate the debt-to-equity ratio.
b.Gary thinks that investors will be more interested in his company if it has very few liabilities.He plans to pay $2,000 of the accounts payable before December 31.What will the new debt-to-equity ratio be after the payment has been made?
c.Is it ethical to make last-minute payments to improve the appearance of the balance sheet?
d.Is it true that investors prefer companies with very little debt? Explain positive financial leverage.

Develop and implement a regular schedule for inventory and ordering to maintain adequate supply levels.

Recognize and implement strategies to prevent supply contamination.

Understand the different types of contracts and warranties for equipment and their benefits.

Utilize reorder point cards and other tools for timely supply reordering.

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Definitions:

Race

A social construct used to categorize humans based on physical and genetic traits, often leading to systemic biases.

Ethnicity

A collective term that refers to groups of people who identify with each other based on shared cultural traits, such as language, religion, and ancestry.

Constructing Categories

The process of creating classifications for individuals, objects, or concepts based on observed traits, behaviors, or other definable characteristics.

Discrimination

The unfair and biased treatment toward various groups of individuals, particularly based on their race, age, gender, or disabilities.