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aleksandr82 [10.1K]
3 years ago
11

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 C

ost of goods sold 7,510 Depreciation 440 Earnings before interest and taxes $ 1,200 Interest paid 94 Taxable income $ 1,106 Taxes 387 Net income $ 719 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 180 $ 210 Accounts payable $ 1,170 $ 1,260 Accounts rec. 900 800 Long-term debt 1,050 1,250 Inventory 1,660 1,620 Common stock 3,240 3,100 Total $ 2,740 $ 2,630 Retained earnings 590 840 Net fixed assets 3,310 3,820 Total assets $ 6,050 $ 6,450 Total liab. What is the quick ratio for 2017?
Business
1 answer:
QveST [7]3 years ago
3 0

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

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Answer: skits?

Explanation:

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3 years ago
g Suppose the Federal Reserve begins to increase the supply of money at an increasing rate. What impact would that have on GDP,
satela [25.4K]

Expansionary monetary policy shifts AD to the right.

<h3>What is Expansionary monetary policy?</h3>
  • Expansionary policy, often known as loose monetary policy, expands the availability of money and credit in order to stimulate economic growth.
  • During difficult economic circumstances, a central bank may use expansionary monetary policy to reduce unemployment and stimulate growth.
<h3>Impacts on GDP, unemployment, and inflation by the increase of supply of money:</h3>
  • The Federal Reserve begins to grow the money supply at an increasing rate.
  • The impact on GDP, unemployment, and inflation would be significant.
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Therefore, expansionary monetary policy shifts AD to the right.

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8 0
2 years ago
Which of the following sections of a business plan contains information about the different departments in the company and what
gogolik [260]

Answer:

A. Organization

Explanation:

The organization and management section outlines the hierarchy of the people involved in the business. It provides the company's organizational structure in a  chart format.  This section detail the management team, internal and any external human resources that the company uses or intends to use. It may list their names and remunerations paid to each of them.

The organization section also defines how the different roles relate to each other when executing the business mandate.

3 0
3 years ago
Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C
joja [24]

Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

Allocation to Cafeteria=0.0480769231×$72,450

Allocation to Cafeteria=$3,483.17

Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17

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2 years ago
Jake accepted a management trainee position at opelika resorts, a real estate development company. corporate management believes
Lera25 [3.4K]

This company uses job rotation. It is the organized movement of staffs and personnel from one job to a different job inside the organization to attain numerous human resources purposes. For instance positioning new employees, improving career development teaching employees, and stopping job dullness or exhaustion.

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3 years ago
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