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]
3 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]3 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
Which statement describes the most common characteristics of oral narratives
Gennadij [26K]

Answer:

I have 3 statements

Explanation:

The characteristics of oral narrations are as follows.

1) They can be real or imaginary.

2) They are structured in dialogue, monolog and paragraph.

3) It is written in past tense

Hope it helped u if yes mark me BRAINLIEST!

Tysm!

6 0
3 years ago
Sobota Corporation has provided the following partial listing of costs incurred during August: Marketing salaries $ 51,600 Prope
horrorfan [7]

Answer:

Product costs= $259,700

Explanation:

Giving the following information:

Direct materials $ 168,800

Direct labor $ 90,900

<u>The product costs are all expenses directly involved in the production. It generally involves the prime costs (direct material and direct labor).</u>

<u />

Product costs= direct material + direct labor

Product costs= 168,800 + 90,900

Product costs= $259,700

7 0
3 years ago
If you wanted to measure a 90-degree bend on a sheet-metal bracket, what instrument would you use?
Ivenika [448]
The answer is C. Try square
8 0
3 years ago
Anna recently moved to Boston in order for her husband Joe to begin a new job as an economics professor at Harvard. Anna is an e
kirill115 [55]

Answer:

uh

Explanation:

8 0
3 years ago
Suppose that as the manager of the first national​ bank, you have to make decisions about the appropriate amount of bank capital
Papessa [141]
...............................................................................
7 0
3 years ago
Other questions:
  • Addison pays $15,000 for an annuity that will pay $1,000 a year, starting this year. If the annuity is for a term of 20 years, h
    9·1 answer
  • A consumer's goal in buying a good or service is to get the most out of his or her income, or to maximize total utility. This is
    12·2 answers
  • At the recent school board​ meeting, five individuals spoke on both the merits and problems with​ full-day kindergarten as compa
    12·1 answer
  • 1. Identify and describe two incremental cash flows from a proposed project such as expanding a product line or launching a new
    5·1 answer
  • In comparison to the buying pattern of final consumers, the purchasing behavior of organizational buyers is
    7·2 answers
  • In the water and rocks analogy for JIT:
    13·1 answer
  • Which characteristic gives the term preference shareholder its distinct name?
    9·1 answer
  • Suppose that a monopoly computer chip maker increases production from 10 microchips to 11 microchips. If the market price declin
    11·1 answer
  • This is my mom channel please subscribe ​
    13·1 answer
  • In title theory states what clause is unique to the mortgage?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!