Ask question

Ask question

All categories

4 years ago

13

Refer to the financial statements of flathead lake manufacturing company. the firm's current ratio for 2006 indicates that flath

ead's liquidity has ________ since 2007.

1 answer:

Naddik [55]4 years ago

5 0

Liduidity has "fallen" since 2007.

You might be interested in

The primary purpose for sending business messages are typically

Vadim26 [7]

Thanking /apprising business associates/customers

3 0

3 years ago

Nina is in an interview for a sales job that requires no experience. She is trying to portray herself as a highly enthusiastic,

Paraphin [41]

Answer:

The answer is A

Explanation:

Let re-visit the definition of information asymmetry before we further investigate the scenario. Information asymmetry describes the situation when the two parties are negotiating and one of them have more relevant information/knowledge that helps he/she gains competitive advantages in negotiation over the other party.

In the described scenario, the information that Nina has been fired from her previous job mainly because of her fault rather than any other objective reasons is of much importance for the interviewer's decision-making in term of hiring Nina. Did the interviewer know this piece of information, he/she may not hire Nina or the negotiating salary level would be pretty much lower.

3 0

3 years ago

If Korea is capable of producing either shoes for soccer balls or some combination of the two then a. Korea should specialize in

Kruka [31]

Question:

If Korea is capable of producing either shoes or soccer balls or some combination of the two then a. Korea should specialize in the product in which it has an absolute advantage.

b. It would be impossible for Korea to have an absolute advantage over another country in both products.

c. Korea is efficient in the production of both goods.

d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.

Answer:

d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.

Explanation:

Opportunity cost is defined as the cost of choosing or picking particular option or alternative over another option or alternative.

In question, we are told that Korea is capable of producing either shoes or soccer balls or some combination of the two.

Therefore Korea would have to make a list of priorities also know as alternatives or options, to decide if

a. they would produce shoes,

b. or soccer balls

c. or a combination of both shoes or soccer balls.

This process described here is the process of Opportunity cost. Korea would then weigh their options and choose which is better for them either based on profit or any other reason.

Hence, Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.

7 0

3 years ago

1. Prepare journal entries to record the following hypothetical 2006 events:a. A customer deposits $50,000 in WaMu savings accou

BARSIC [14]

Answer:

1. A. Dr Cash 50,000

Cr Customers Saving Account 50,000

B.Dr Interest Expense 125

Cr Cash 125

C. Dr Loan Receivables 50,000

Cr Cash 50,000

D. Dr Interest Receivables 750

Cr Interest Income 750

2. $625

Explanation:

Answer and Explanation:

1. Preparation of journal entries

a. In a situation where A customer made deposits of the amount of $50,000 in WaMu savings account on 1/1/2006 the Journal entry will be:

Dr Cash 50,000

Cr Customers Saving Account 50,000

(Being to record the deposit from customers)

b. In a situation where WaMu pays a 1% as annual interest on the deposit on 3/31/06 the journal entry will be:

Dr Interest Expense 125

(50,000*1%*3/12)

Cr Cash 125

(Being to record the payment of interest Expense)

c. In a situation where WaMu lends out the

amount of $50,000 to another customer the Journal entry will be:

Dr Loan Receivables 50,000

Cr Cash 50,000

(Being to record the receivable lent to customers)

d. In a situation where WaMu accrues interest on this date 3/31/06 the journal entry will be:

Dr Interest Receivables 750

(50,000*6%*3/12)

Cr Interest Income 750

(Being to record the interest accrued)

2. Calculation for How much net interest income (profit) did WaMu earn in the first quarter

First step is to calculate the Net Interest Rate

Interest Rate on Receivables 6%

Less Interest Rate on Payable 1%

Net Interest Rate 5%

Second Step will be to calculate the Annual Net Interest

Using this formula

Annual Net Interest=Principal *Net Interest Rate

Let plug in the formula

Annual Net Interest=50,000*5%

Annual Net Interest= 2,500

Last step is to calculate the first quarter net interest income

Using this formula

First quarter net interest income=Time*Annual Net Interest

Let plug in the formula

First quarter net interest income= 3/12*2,500

First quarter net interest income= $625

Therefore the First quarter net interest income will be $625

7 0

3 years ago

The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).

Oxana [17]

The Expenditure Approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP)

The Expenditure Approach includes consumption expenditures, investments expenditures, government expenditures and net exports.

The Expenditure Approach is one of the 3 ways to measure economic production. The other 2 are The Production Approach and The Income Approach.

7 0

3 years ago

Read 2 more answers