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
ozzi
3 years ago
15

Stimulus Industries Inc. has 2017 total current assets of​ $14,871,000. Last year the total current assets were equal to​ $12,46

2,000. The change in total current assets is a​ ________ of cash in the amount of​ ________.
Business
1 answer:
lawyer [7]3 years ago
5 0

Answer:

use; $2,409,000

Explanation:

Given that,

Total current assets in 2017 = $14,871,000

Total current assets in the last year = $12,462,000

Therefore, there is an increase in the total current assets which indicates that there is a use of cash.

Hence, the amount of cash used is calculated as follows:

= Total current assets in 2017 - Total current assets in the last year

= $14,871,000 - $12,462,000

= $2,409,000

You might be interested in
A map from trade development commissions or chamber of commerce can be more useful that google maps for identifying
Marrrta [24]

A map from trade development commissions or chamber of commerce can help identify <em>major areas of commerce and location.</em>

Explanation:

Google map helps with location of building but will not give information about the commerce aspect of the building.

But since the Trade Development Commission has exclusive responsibility to provide that, then it will be more useful to identify major areas of commerce and their locations.

#learnwithbrainly

8 0
3 years ago
Carlos bought 20 pounds of vegetables at the farmers market. 60% of the vegetables were organically grown. How many pounds of ve
Margarita [4]
All you have to do is multiply 20 and .40. the answer is 8
3 0
3 years ago
Upon a second and third offense, a driver can be charged $25 dollars for not maintaining adequate insurance coverage, $160 for r
xz_007 [3.2K]

If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

<h3>What is Road traffic offense?</h3>

A road traffic offense refers to any act that violated the Road traffic rule.

Some road traffic offense apportioned for a typical road traffic offense includes:

  • suspension of driver license
  • fines etc

In conclusion, If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

Read more about road traffic offense

<em>brainly.com/question/1138029</em>

8 0
2 years ago
"A tenant offers to sign a lease paying a rent of $1,000 per month, in advance (i.e., the rent will be paid at the beginning of
belka [17]

Answer:

$47,500

Explanation:

Since the payment is made monthly in advance for the period of 5 years, therefore the present value of annuity formula shall be used for the purpose of calculating the Present value of lease, which is given as follow:

Present value of annuity=R+R[(1-(1+i)^-n)/i]

In the given question

R=Rent per month paid in advance=$1,000

i=interest compounded monthly=10%/12=0.83%

n=number of payments involved=(12*5)-1=59

Present value of annuity=1,000+1,000[(1-(1+0.83%)^-59)/0.83%]

                                        =$47,500

3 0
3 years ago
The current price of the Volkswagen ADR (VWAGY) is 35.50. You purchase 50 shares on margin. You finance half of the purchase you
Zinaida [17]

Answer:

33.77%

Explanation:

In one year, you are going to receive ($42 x 100) + ($0.56 x 100) = $4,256

you must return ($35.50 x 50) = $1,775

plus interests = $1,775 x 6% = $106.50

total return = $4,256 - $1,775 - $106.50 = $2,374.50

you invested $1,775

return on your investment = ($2,374.50 / $1,775) - 1 = 33.77%

5 0
3 years ago
Other questions:
  • Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,0
    7·1 answer
  • You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test drive di
    8·1 answer
  • Pakistan’s GDP in 2010, using the official exchange rate on 1/1/2010, is equal to $300 billion USD ($300,000,000,000). When 2010
    9·1 answer
  • During 2014, a textbook written by Mercer Co. personnel was sold to Roark Publishing, Inc., for royalties of 10% on sales. Royal
    12·1 answer
  • A company uses the declining-balance method of calculating depreciation expense.On January 1, the company buys machinery for $75
    9·1 answer
  • Josh is 32 years old. After graduating with a bachelor's degree, he worked for a financial organization for seven years and rece
    9·1 answer
  • Drawing tree diagrams. After taking a course on statistics, 88% of students can successfully construct tree diagrams. Of those w
    9·1 answer
  • Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f
    10·1 answer
  • Suppose someone borrows $552,000 today to buy a house in Davis, CA. If the annual interest rate is 4%, with monthly compounding,
    7·1 answer
  • Define working capital. How is working capital computed?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!