1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
7nadin3 [17]
3 years ago
7

Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur

rent assets of $79,000, and total current liabilities of $27,650. The company reported annual sales of $200,000 in the most recent annual report.
Over the past year, how often did Walker Telecommunications sell and replace its inventory?

a) 9.28x b) 8.01x c) 8.44x d) 2.86x
Business
1 answer:
laiz [17]3 years ago
3 0

Answer:

c) 8.44x

Explanation:

Total current assets = cash + account receivable + inventory

⇔ $79,000 = $35,550 + $19,750 + Inventory

⇒ Inventory = $79,000 - $35,550 - $19,750 = $23,700

The inventory circles based on annual sales = Sales/ inventory = $200,000/ $23,700 = 8.44

You might be interested in
The apartment house had a communal attic rarely visited by its tenants. the labeled boxes and cast-off furniture offered little
jekas [21]
The author used his word choice to darken the tone of this excerpt.
3 0
3 years ago
Read 2 more answers
Which financial institution is known as a cooperative association?
Serhud [2]

Answer:

<em>Credit Unions</em><em> </em>is known as a cooperative association.

hope it helps!

5 0
3 years ago
Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you disc
adell [148]

Answer:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

Explanation:

First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:

                                      Debit                  Credit

Trade payable                 $300

Cash                                                           $300                              

6 0
3 years ago
Read 2 more answers
Livingston Fabrication has created the following aggregate plan for the next 5 months (see PDF): Assume that Livingston will hav
Andreyy89

Answer:

Explanation:

worker's production rate = 60/3 = 20units per hour

monthly capacity 160 x 20 = 3200 units.

capacity needed to produce 2000000 units

= 2000000/3200

= 625

therefore, since they already have 500 workers, they need to hire 125 more workers.

b) At the end of October they will have 2 million inventory.

c) Average inventory in each of the months has been listed in the attachment below.

3 0
3 years ago
Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar
Verdich [7]

Answer:

Effect on income= $15,000 favorable

Explanation:

Giving the following information:

It has just determined that another $40,000 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $170,000. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses by about $20,000 per year. Darcy Roofing could also rent out the new lift for about $10,000 per year. The old lift is not suitable for rental. The old lift could currently be sold for $25,000 if the new lift is purchased.

Year 0= -170,000 + 25,000 + 40,000= -105,000

Year 1 trough 6= 20,000*6= 120,000

Effect on income= $15,000 favorable

3 0
3 years ago
Other questions:
  • When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo
    13·1 answer
  • Nubela Manufacturing is considering two alternative investment proposals with the following​ data: Proposal X Proposal Y Investm
    13·1 answer
  • A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni
    9·1 answer
  • Consider the following accounts (Click the icon to view the accounts.) Identify the financial statement (or statements) that eac
    9·1 answer
  • At Nanclet, a market research firm, whenever a particular team needs to hire people, the human resource (HR) department conducts
    12·1 answer
  • The most important fundamental component of an entity's internal control is:
    11·1 answer
  • Why can’t businesses afford all of the factors of production all of the time?
    13·2 answers
  • Schwartz, Inc. is looking to hire one of the many outstanding students from the Management 212 class. On January 1, 2021, Schwar
    9·1 answer
  • Investor information about the financial condition of a municipal issuer is most likely found in A) The Bond Buyer. B) the legal
    8·1 answer
  • In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!