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Xelga [282]
3 years ago
10

Dooley Company had current assets of​ $1,552, current liabilities of​ $1,413, total assets of​ $1,742, and longminusterm liabili

ties of​ $1,210. If Dooley acquires inventory by executing a sixminusmonth note for​ $1,550, what is the new current​ ratio? (Round your final answer to two decimal​ places.)
Business
1 answer:
Yuliya22 [10]3 years ago
3 0

Answer:

new current​ ratio = 1.09

Explanation:

given data

current assets = $1,552

current liabilities =​ $1,413

total assets  = $1,742

liabilities =​ $1,210

solution

we get here new current​ ratio that is express as

new current​ ratio = current assets ÷ current liability   ...............1

put here value and we will get

new current​ ratio = 1,552 ÷ 1,413

new current​ ratio = 1.09

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You engage in hallway conversations, emails, and phone calls with your team members. what is this considered?
abruzzese [7]

Hallway conversations, emails, and phone calls with your team members is an Informal Communication.

<h3>What are Informal Communications?</h3>

Informal communication is the casual exchange of information among coworkers. It is informal in character and is built on the social connections made at work outside of the traditional hierarchical organizational framework.

There are two types of internal communication: formal and informal. Official channels outlined in the organizational chart are used for formal communication. While informal communication moves more quickly and freely throughout the organization, discussing a wide variety of issues. Oral or written communications are both acceptable.

Hence,  Hallway conversations, emails, and phone calls with your team members is an Informal Communication.

To learn more about Informal Communication refer to:

brainly.com/question/24232108

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6 0
2 years ago
Cash paid for equipment would be reported on the statement of cash flows in_________.
Licemer1 [7]

Answer:

c. the cash flows from investing activities section.

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

5 0
3 years ago
On January 1, Witt Company has a beginning cash balance of $126,000. During the year, the company expects cash disbursements of
aleksley [76]

Answer:

The company must borrow $144000

Explanation:

The required ending cash balance is the balance that the company should have at the end of the period. The decision to borrow will be taken by comparing the actual ending balance with the required ending balance. If the actual ending balance is less than the required ending balance, only then the company needs to borrow to reach the desired level of ending balance.

The actual ending balance can be calculated as,

Actual Ending balance = Opening Balance + Cash receipts - Cash disbursements

Actual Ending balance = 126000 + 870000 - 1020000

Actual Ending balance = - $24000

Difference = -24000 - 120000 = - $144000

As the ending cash balance is negative ( - $24000) which means that there is a shortage of cash and the company does not have enough cash to meet the disbursements for the period and maintain the required ending cash balance. The negative sign in difference indicates shortage and the need for borrowing. The company should borrow for the amount of difference. Thus, the company should borrow $144000

4 0
3 years ago
If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you
Roman55 [17]

Answer:

5.13%

Explanation:

Given:

Worth of investment today (PV) = $1,000

Investment worth after 6 years (FV) = $1,350

Time period of investment (nper) = 6 Years

It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).

Substituting the values, we get =RATE(6,-1000,1350)

                                                      = 5.13%

Present value is negative as it is a cash outflow.

Therefore, annual return is computes as 5.13%.

3 0
3 years ago
Which of the following is false?
yanalaym [24]

Answer:

A.

Explanation:

Guanxi is the system of social networks and influential relationships to establish trust which in turn facilitates business dealings.

Japanese youth display extremely positive attitudes toward Western goods, from popular music to Louis Vuitton haute couture and Nike sneakers.

To counter the influence of Mattel's Barbie and Ken dolls on Iranian values, Iran's ministry of educations marketed its own Dara and Sara dolls. Also, one toy seller explained that playing with Mattel's golden-haired, skimpily dressed Barbie may lead girls to grow up into women who reject Iranian values.

So, B, C, and D are true.

Therefore, the answer is option A.

4 0
4 years ago
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