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Minchanka [31]
3 years ago
13

Selected financial data regarding current assets and current liabilities for a company, a competitor in the cruise line industry

, is provided: ($ in millions) Current assets: Cash and cash equivalents $ 307 Current investments 82 Net receivables 218 Inventory 122 Other current assets 138 Total current assets $ 867 Current liabilities: Accounts payable $ 1,165 Short-term debt 709 Other current liabilities 904 Total current liabilities $ 2,778 Required: 1. Calculate the current ratio and the acid-test ratio for the company. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
Business
1 answer:
Arte-miy333 [17]3 years ago
7 0

Answer:

0.31; 0.27

Explanation:

Given that,

Total current assets = $867

Inventory = $22

Total current liabilities = $2,778

Current ratio:

= Current assets ÷ Current liabilities

= $867 ÷ $ 2,778

= 0.31

Acid test ratio:

= (Current assets - Inventory) ÷ Current liabilities

= ($867 - $122) ÷ $ 2,778

= $745 ÷ $2,778

= 0.27

Therefore, the current ratio and acid test ratio are 0.31 and 0.27, respectively.

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Which of the following are reasons why managers often struggle to work closely together to create customer value? a. Managers fo
nydimaria [60]

Answer:

The correct answer is the option F: a, b and c only.

Explanation:

To begin with, in most of the cases where a company receives commodities from other business and also gives finished products to other companies normally tend to focus more in his own stock price just like the other members of the supply chain do. In addition to that, these types of companies also focuses in the short run and in the day to day business due to the fact that do not encourage the fact of creating an alliance with the other members of the chain. And finally, all those factors take part of a whole that also includes the fact of not having time to learn how to implement collavorative business models to improve the perfomance of the business at the long run due to the fact that the managers are to busy working in the day to day operations and focuses on the short run and their own stock prices and not on working with the other managers' companies of the supply chain to establish an alliance that will help all of the members to improve everyone's performance and product.

7 0
3 years ago
Pina Colada Corp. had beginning inventory of $16500 at March 1, 2017. During the month, the company made purchases of $71500. Th
patriot [66]

Answer:

The cost of goods sold is $68970

Explanation:

The cost of goods sold is the cost of inventory that a company sells in a partcular period.

The cost of goods sold can be calculated as,

Cost of Goods sold = Opening inventory + Purchases - Closing Inventory

Cost of Goods Sold = 16500 + 71500 - 19030  = $68970

4 0
3 years ago
Which of the following are reasons to form a corporation? *
telo118 [61]

Answer:

More resources, less responsibility

5 0
3 years ago
A company bills customers for services provided. the company records this transaction with a:_______
geniusboy [140]

A company bills customers for services provided. the company records this transaction with a  Debit Accounts Receivable.

A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.

The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration

Learn more about customers here:brainly.com/question/380037
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6 0
1 year ago
Equipment that cost $653000 and has accumulated depreciation of $280000 is exchanged for equipment with a fair value of $480000
Korolek [52]

Answer:

$50,600

Explanation:

Calculation for The gain to be recognized from the exchange is

Gain to be recognized= (12000+(12000/480000)*25300

Gain to be recognized= $50,600

Therefore The gain to be recognized from the exchange is $50,600

4 0
3 years ago
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