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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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On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $24.50 per share. On March 1, a dividend of
Naddik [55]

Answer:

$2,435

Explanation:

Data provided in the question:

Number of shares sold = 100

Price of Lowe's stock  = $24.50 per share

Dividend paid = $3.20

Price of buying stock = $20.00 per share

Commission paid = 15 cents per share = $0.15 per share

Now,

Total cost of selling the shares = $24.50 × 100

= $2,450

Total commission = $0.15 × 100

= $15

Therefore,

Proceeds from the short sale = $2,450 - $15

= $2,435

8 0
4 years ago
A 3-year project is expected to produce a cash flow of $82,400 in the first year and $148,600 in the second year. The project ha
givi [52]

Answer:

$163,100

Explanation:

First find the present value of cashflows at year 1 and 2

<u>PV of  $82,400;</u>

PV = FV/(1+r)^n

PV = 82,400/(1.1275)^1

PV = $73082.0399

<u>PV of  $148,600;</u>

PV = FV/(1+r)^n

PV = 148,600 /(1.1275)^2

PV = $116,892.2473

From the cumulative present value of 303,764.34, find the balance after deducting the above PVs;

PV of cashflow yr3 = $303,764.34 -$73082.0399 -$116,892.2473

PV of cashflow yr3 = $113,790.053

Next, calculate year 3's cashflow;

Year 3 cashflow = 113790.053(1.1275)^3

Year 3 cashflow = $163,099.996

Expected cashflow in third year is approximately $163,100

3 0
3 years ago
A _________ works outside established organizational divisions and has greater flexibility to apply innovative approaches to new
ivanzaharov [21]

The answer is a venture team. This is a team that is cross functional because it has the ability of making new products that are being targeted or focused on new markets and that it also responsible of the aspects of the development of products.

5 0
3 years ago
Fact Pattern: Jackson Industries employs a standard cost system in which direct materials inventory is carried at standard cost.
Yuri [45]

Answer:

Efficiency varaince 6,000 unfavorable.

 

Explanation:

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

std  hours          27,500.00 (22.000 units x 1.25 units per hour)

actual hours          28,000.00

std rate                 $          12.00

difference                 -500.00

efficiency variance $  (6,000.00)

3 0
3 years ago
Assume MU_c and Mu_d represent the marginal utility that a consumer gets from products C and D, the respective prices of which a
lana [24]

Answer:

<h2>The correct answer in this case is option C. or MU(c)/P(c)>MU(d)/P(d).</h2>

Explanation:

Under consumer equilibrium theory for two commodity model,a rational consumer maximizes his or her utility when the marginal utility(MU) obtained from consuming one good is equal to the same of the other.This is the fundamental essence of the Law of Equimarginal Utility in Economics.Now,in this case,the consumer will purchase more of good C than good D if the Marginal utility obtained from one unit of good C or MU(c)  for the money spend on consumption of good C or price of C,P(c) is greater than the marginal utility obtained from consuming 1 more unit of good D or MU(d) for money spend on purchase of good D or price of that particular unit of D or P(d).Therefore,since the marginal satisfaction compared to the amount of money spend for the consumer is higher for good C compared to the other or good D,it will increase the total utility level of the consumer from that particular consumption bundle or pattern.Hence,he or she will spend more on the consumption of good C than good D.

8 0
3 years ago
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