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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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ZanzabumX [31]

Explanation:

Classifying of each situation with the correct combination of change in price and quantity:

a. On a hot day, both demand for lemonade and supply of lemonade increase - Pp? Q increase

b. On a cold day, both demand for ice cream and the supply of ice cream decrease -  Pp? Q decrease

c. When Hawaii's Mt. Kilauea erupts violently, the demand on the part of tourists for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases- P increase Qq?

d. In a hot area of Arizona where they generate a lot of their electricity with wind turbines, the demand for electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster - P decrease Qq?

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3 years ago
You and four other team members attend a seminar on conflict. The seminar costs $150 per person. You will need to drive two cars
Sveta_85 [38]

Answer: $825

Explanation:

Total seminar cost for the team;

= 150 * 5 people

= $750

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= 7,500 cents

= $75

Cost of Seminar = 750 + 75 = $825

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3 years ago
On August 1, 20Y1, Newhouse Co. received $39,110 for the rent of land for 12 months. Journalize the adjusting entry required for
Marta_Voda [28]

The adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.

<h3 /><h3>Unearned rent</h3>

Based on the information given the appropriate adjusting entry required for unearned rent on December 31, 20Y1 is:

31 December

Debit Unearned rental revenue $16,296

Credit Rental revenue $16,296

($39,110×5/12)

(To record unearned rent)

Inconclusion the adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.

Learn more about unearned rent here:brainly.com/question/4260123

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2 years ago
The tax agency fund of Hardin County collected $1,000,000 for a school district, $5,000,000 for the county General Fund, and $50
rewona [7]

Answer:

$1,500,000

Explanation:

County receives funding from numerous sources. County has no control to introduce new taxes or increasing current taxes, except for property tax.

Given:

County collected for a school district = $1,000,000

County for General Fund =  $5,000,000

For town located in the County = $500,000

Hardin County Agency Fund = County for school + County for a town

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When managers determine that an organization is not making sufficient progress toward achieving its goals and objectives and the
Alekssandra [29.7K]

Managers are involved in controlling when they conclude that an organization is not making adequate progress toward reaching its goals and objectives and develop remedial actions.

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Thus the correct answer is controlling.

To learn more about controlling, refer: brainly.com/question/28109846

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7 0
1 year ago
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