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3 years ago

Windswept, Inc. 2017 Income Statement ($ in millions)

Business

1 answer:

elena-14-01-66 [18.8K]3 years ago

3 0

Answer:

Quick Ratio - 2017 = 0.8619 rounded off to 0.86

Explanation:

The quick ratio which is also known as the acid test ratio is a measure to assess the liquidity position of a company. The liquidity condition means the ability of a company to pay off its short term obligations using its short term or current assets. The quick ratio measures the ability of a company to pay off these obligations using the company's most liquid assets and that is why we exclude the value of inventory when calculating the quick ratio.

The formula for quick ratio is,

Quick Ratio = (Current assets - Inventory) / Current Liabilities

Quick Ratio - 2017 = (3035 - 1755) / 1485

Quick Ratio - 2017 = 0.8619 rounded off to 0.86

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The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products.

Firdavs [7]

I guess the correct option is D.

The primary purpose of patents and copyrights is to encourage the expenditure of funds on research and development to create new products.

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3 years ago

Which of the following is an example of a market segment?

Hatshy [7]

Answer: The answer is "b. A group of individuals with different product requirements".

Explanation: The definition of a market segment refers to a homogeneous and large group of consumers that can be recognized within a market, who have similar desires, buying habits, and who will react similarly to the power of marketing.

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3 years ago

Mr. James purchased a vacation house in Los Angeles on July 1, 2017. The purchase price was $1,000,000, and Mr. James spent $10,

dedylja [7]

Answer:

= $210,000

Explanation:

The question is to determine the income realized by Mr. James in 2019

The income is calculated as follows:

First, the basic information for calculation:

The Purchase price for the vacation house = $1,000,000

Spent Capital additions = $10,000

2019 worth of the house = $1,200,000

Secondly, based on the extracted figures, the income is calculated as follows

Income realised in 2019 = 2019 worth of the house - (Purchase Price - capital addition)

= $1,200,000 - ($1,000,000 - $10,000)

= $1,200,000 - $990,000

= $210,000

4 0

3 years ago

Cost behavior refers to the methods used to estimate costs for use in managerial decision making. True False

bazaltina [42]

Answer:

True

Explanation:

It's A.A because it makes more sense then b Falsehood

8 0

2 years ago

Harte Systems, Inc., a maker of electronic surveillance equipment, is considering selling to a well-known hardware chain the rig

Taya2010 [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The proposed deal calls for the hardware chain to pay Harte $30,000 and $25,000 at the end of years 1 and 2 and to make an annual year-end payments of $15,000 in years 3 through 9. The final payment to Harte of $10,000 would be due at the end of year 10.

Cash flows:

Year 1= 30,000

Year 2= 25,000

Year 3= 15,000

Year 4= 15,000

Year 5= 15,000

Year 6= 15,000

Year 7= 15,000

Year 8= 15,000

Year 9= 15,000

Year 10= 10,000

2) To calculate the present value we need to use the following formula for each cash flow:

PV= FV/(1+i)^n

Year 1= 30,000/1.12= 26,785.71

Year 2= 25,000/1.12= 22,321.43

Year 3= 15,000/1.12= 13,392.86

....

Year 10= 10,000/1.12^10= 3,219.73

PV= $104,508.27

3) The present value of cash inflows is higher than $100,000. It is more convenient to decline the $100,000.

4 0

3 years ago