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
bixtya [17]
4 years ago
14

The Stewart Company has $2,014,500 in current assets and $785,655 in current liabilities. Its initial inventory level is $402,90

0, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0
Business
1 answer:
Bond [772]4 years ago
3 0

Answer:

$20,145

Explanation:

The computation of short-term debt (notes payable) increase is given below:-

Current Assets = $785,655

Current Liabilities = $4,02,900

Current Ratio = (Current Assets + Increase in Inventory) ÷ (Current Liabilities + Increase in Notes Payable)

2.0 = ($785,655 + x) ÷ ($4,02,900 + x)

$805,800 + 2.0 = $785,655 + x

$805,800 - $785,655 = 2.0 - x

= $20,145

You might be interested in
CMr. Garcia is listening to an investment planner talking about mutual funds; Garcia really believes in investing in such funds
ludmilkaskok [199]

Answer: False

Explanation:

Mr. Garcia should not accept the planner's ideas without critical evaluating the point the planner gave when he was discussing with him.

Mr Garcia should give his opinion on the issue raised by the planner and make inquiries so that the planner will give more detailed analysis regarding the investment.

The evidences gotten while discussing with him can be used to determine if the project is worth it or not.

4 0
3 years ago
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 43.43 - 2 48.41 $ .69 3 57.33 .72 4 45.41 .
belka [17]

Answer and Explanation:

Average return = (Closing Price + Dividend - Opening Price) / Opening Price

For 1st year:

0 Return

For 2nd year:

($48.41 + $0.69 - $43.43) / $43.43  = 0.130

For 3rd year

 ($57.33 + $0.72 - $48.41) / $48.41 = 0.199

For 4th year:

($45.41 + $0.80 - $57.33) / $57.33  = -0.194

For 5th year

($52.33 + $0.85 - $45.41) / $45.41 = 0.171

For 6th year

($61.41 + $0.93 - $52.33) / $52.33 = 0.191

Arithmetic Return = Sum of all return / Total number of return

= [0.130 + 0.199 + (-0.194) + 0.171 + 0.191] / 5

Arithmetic Return = 9.96% Geometric Return = [(1+r1)(1+r2)(1+r3)(1+r4)(1+r5)] ^ {(1/5)}-1

Geometric Return = [1.52445]^{(1/5) }-1

Geometric Return = 1.0880 - 1

Geometric Return = 0.0880 = 8.80%

5 0
4 years ago
The appearance of a résumé can change drastically after it has been scanned. please select the best answer from the choices prov
ioda

It is a true statement that the appearance of a résumé can change drastically after it has been scanned.

<h3>How does the appearance of a résumé changed?</h3>

The real appearance of the resume hardcopy can changed because they lighting and texture will be altered because of the lighting using by the scanning machine.

Therefore, It is a true statement that the appearance of a résumé can change drastically after it has been scanned.

Read more about résumé

<em>brainly.com/question/14178136</em>

3 0
2 years ago
Jim wants to buy a car, but he’ll probably only need it for a couple of years. He has a short commute to work, so he won’t be pu
anzhelika [568]
Walk, trolly (if in a city) Or cab, even a bicycle would do.
3 0
3 years ago
Which of the following is one of the five characteristics of good information
djverab [1.8K]
Relevant hope this helps.

6 0
4 years ago
Other questions:
  • A fast-growing frozen yogurt chain discovers the need to create a proper advertising message that will result in increased sales
    13·1 answer
  • An industry refers to
    10·1 answer
  • be the same as ordering cost. The production rate would be about double the usage rate. Compared to the EOQ, the economic produc
    14·1 answer
  • In 2018​, Gathering Company repurchased its own stock at a cost of $ 48,000. During the​ year, the company purchased land with c
    9·1 answer
  • Which of the following is a nominal variable? - Education - Age - Employment status - One needs to know the attributes to determ
    5·1 answer
  • In an assembly operation at a furniture factory, 4 employees assembled an average of 600 standard dining chairs per 6-day work w
    7·1 answer
  • The balance in Premium on Bonds Payable
    11·2 answers
  • What features of the 100 Yen Sushi House service delivery system differentiate it from the competition, and what competitive adv
    9·1 answer
  • Al manages both Brown River Apartments and Orange Acres Condominiums. These complexes are not owned by the same person. In this
    14·1 answer
  • A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!