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
Ganezh [65]
3 years ago
10

Current ratio of 3.4 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, acc

ounts receivable, and inventories. Inventory equals $18,000. Seabury Corporation's current liabilities must be_____________.
Business
1 answer:
Sav [38]3 years ago
7 0

Answer:

$30,000

Explanation:

The computation is shown below:

As we know that

Current ratio = Current assets ÷ Current liabilities

Current assets = 3.4 × Current liabilities

Now the

Acid-test ratio = Quick assets ÷ Current liabilities

2.8 = Currents assets - inventory  ÷ Current liabilities

2.8 = 3.4 × Current liabilities - $18,000 ÷ Current liabilities

2.8 × Current liabilities = 3.4 × Current liabilities - $18,000

After solving this, the current liabilities is $30,000

You might be interested in
Как защитить себя от воздействующих факторов взрыва, если вы находитесь в зоне действия продуктов взрыва?
Elenna [48]
What language is this in ⊅ω↑⊂∡⊂⊃∩∅⊃ÉçœÄÈΠЫднеО
5 0
3 years ago
A new technological breakthrough increases production for an industry and shifts the supply curve to the right. If the firm ____
dezoksy [38]

Answer:

Produces products that are considered elastic

Explanation:

Technological changes is one of the key determinant of the supply and we know that technological advancement in the production of a particular commodity will lead to increase the production level of the firm. This will lead to shift the supply curve rightwards, which increases the equilibrium quantity and decreases the equilibrium prices.

Hence, if the demand for the products is elastic then the total revenue of the firm increases because this firm has the more quantity effect than the price effect, so this will increase the firm's profit.

7 0
3 years ago
Sheridan Company declared a $229000 cash dividend. It currently has 12300 shares of 4%, $100 par value cumulative preferred stoc
dem82 [27]

Answer and Explanation:

The computation is shown below:

For preferred shareholders

The dividend is

= 12,300 shares × 4% × $100

= $49,200

For two years, it would be

= $49,200 × 2

= $98,400

And, the total cash dividend declared is $229,000

So, the cash distribute to common stockholder is

= $229,000 - $98,400

= $130,600

hence, the cash distribute to common stockholder is $130,600

5 0
3 years ago
Kelly and David are both capable of repairing cars and cooking meals. Which of the following scenarios is not possible? a. Kelly
Free_Kalibri [48]

Answer:

c.

Explanation:

Based on the scenario being described within the question it can be said that the statement that is not possible would be Kelly having a comparative advantage in repairing cars and in cooking meals. This is because a when having a comparative advantage you are better at something but at the same time you are giving up other opportunity costs. Therefore in this scenario Kelly can only have a comparative advantage at either repairing cars or cooking meals but not both.

3 0
3 years ago
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manu
faust18 [17]

Answer:

$187,975

Explanation:

Calculation to determine The cash payments expected for Finch Company in the month of April

Cash Payment= 3/4 *$198,500 (May's manufacturing cost)+1/4 *$156,400 (April's manufacturing cost received in May)

Cash Payment=$148,875+$39,100

Cash Payment=$187,975

The The cash payments expected for Finch Company in the month of April are $187,975

6 0
2 years ago
Other questions:
  • Which of the following statements is (are) false? (1). In general, the term expense is used for managerial purposes, while the t
    11·1 answer
  • Why might a rise in the price of electric razors result in an increase in demand for nonelectric razors?
    15·2 answers
  • Suppose that an economy is characterized by M = $12 trillion V = 1.8 P = base index = 1.0 What is the real value of output (Q)?
    13·1 answer
  • Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends wi
    13·1 answer
  • In a transaction that qualifies under Section 351, Buster transfers an asset with a basis of $50,000 and a fair market value of
    12·2 answers
  • How would you feel if someone was talking about you?
    11·1 answer
  • Santa Fe Production sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit
    6·2 answers
  • The _____ perspective of the Balanced Scorecard management system describes the economic consequences of actions taken in the ot
    13·1 answer
  • Activity 1 Explain the importance of giving accurate information to customers.​
    9·1 answer
  • Unearned revenues refer to a(n): Group of answer choices Asset that will be used over time. Expense incurred because a customer
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!