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3 years ago

Can somebody help me?

Business

1 answer:

enot [183]3 years ago

6 0

The answer should be B..............................................................................

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Nikola Motors has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; total current assets o

Margarita [4]

Answe2.55 times

Explanation:

Current assets represent the resources of short-term nature which a business expects to convert back to cash between a year. They include inventory, receivables.

Inventory turnover is the average number of days it takes a Nikola Motors to sell its its stock and replenish it. This can be determined by either working it out in number of times the stock is sold and replenished or the length of days its takes to do same.

The formula for both are given below:

Inventory turnover( no of times) = Cost of goods sold / average inventory

= x number of times

Inventory days = (Average inventory/ Cost of goods sold) *365 days

= number of days

Note: The inventory figure was not given in the question, but we can work it out;

Current assets= cash + inventory + receivables

85,000 = 38,250 + 21,250 + y Lets "y "demote inventory

y = 85,000 - 38250 - 21, 250

y= 25,500

Also we need to work out cost of sold;

Cost of goods sold = 65% × 100,000

= 65,000

Now we can work out the inventory turnover;

Inventory turnover = 65,000/25,500

= 2.55 times

Nikola Motors is seling and replacing its inventory 2.55 times

7 0

3 years ago

Opening several loans within a 60-day period can do which of the following to a credit score?

SOVA2 [1]

C. Reduce it tremendously

3 0

3 years ago

Read 2 more answers

What criteria must your employer-provided PPE meet?

galben [10]

The employee PPE meet must contain the adequate equipment that the equipment is adequate to protect the work place and the workers from the hazardous accidents

Explanation:

There are many PPE standards and all must ensure that the PPE meet their standards and they provide face protection and the eye protection and the other additional protection

The need to check the standard is completely voluntary and they must make clear that they are under the safety conditions and there are some items that the must pay for is for their boots and shoes the safety glasses and the safety googles

8 0

3 years ago

Rosario Company, which is located in Buenos Aires, Argentina, manufactures a component used in farm machinery. The firm’s fixed

julia-pushkina [17]

Answer:

- BEP in unit: 4,000 units;

- In case fixed cost increases by 10%, New BEP in unit: 4,400 units.

- Net income: 1,000,000p.

- BEP in units if sale price to decrease : 8,000 units => Price change should not take place as it moves the company from making 1 million peso profit to a loss as sales in units (1,200 + 5,000 =6,200) is lower than break-even point ( 8,000 units).

Explanation:

Please find detailed calculations as below:

- BEP in unit is calculated as Fixed cost/ Margin earned by one product = 4,000,000/(3,000 - 2,000) = 4,000.

- New BEP in unit is calculated as New Fixed cost/ Margin earned by one product = (4,000,000 x 1.1)/(3,000 - 2,000) = 4,400.

- Net income: Sales - fixed cost - variable cost = 3,000 x 5,000 - 4,000,000 - 2,000 x 5,000 = 1,000,000 p

- BEP in units if sale price to decrease: Fixed cost/ Margin earned by one product = 4,000,000/(2,500 - 2,000) = 8,000.

4 0

3 years ago

Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as

zlopas [31]

Answer:

Correct option is D.

$200,500

Explanation:

Manufacturing overhead = [($651,000/217,000) × $25,000] + [($417,000/834,000) × $29,000] = $89,500

Total cost associated with Job. No. 432 = $57,000 + $54,000 + $89,500 = $200,500

7 0

4 years ago