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
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

You might be interested in
A(n) ________ bank is an institution, such as Credit Suisse First Boston, that acts as an underwriter or agent for a firm engage
Orlov [11]

Answer:

Public bank

Explanation:

A public bank is a bank, or a financial institution where a state, municipality would be the owners also it is an entrerprise that are controlled by the government

So as per the given situation the given boston would be acted as an underwriter and engaged in the initial public offering so this represent the public bank

hence, the same would be relevant

8 0
3 years ago
Jessica who owns a restaurant in New York City and is generating handsome profit from the business, has decided to take a portio
lara [203]

Answer:

Financialisation

Explanation:

Financialisation is about changes in the actual conduct and meaning of work .

5 0
3 years ago
Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indente
Crazy boy [7]

Answer:

The following are the adjusting entries and the amounts entered are supposed and imaginary.

Explanation:

Date          Account Titles and Explanation        Debit          Credit

Mar. 31          Supplies Expense  Dr                    10,000

                          Supplies Account  Cr                                 10,000

When supplies are expensed out. If supplies have a balance of 30000 and 10000 is used up.

Mar. 31         Depreciation Expense  Dr             5000

                    Accumulated Depreciation  Cr                        5000

Depreciation expense amounts to 5000 for the current year

Mar. 31      Unearned Service Revenue Dr      3000

                         Service Revenue      Cr                         3000

Unearned Service Revenue is a liability of the person or company.

Mar 31.   Salaries and Wages Expenses  Dr      2000

                                Cash      Cr                                     2000

Slaries and wages paid in full by cash to 2000

6 0
3 years ago
Savvy consumers often purchase automobiles from dealerships at the end of the quarter or at year-end since dealers who meet thei
leonid [27]

Answer:

cumulative quantity discounts

Explanation:

Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.

8 0
3 years ago
Saying that Risk and Return go hand in hand, tells us that you ________ as the length of the investment horizon ________." A. ca
klio [65]

Answer:

A. can afford to take on additional risk; increases

Explanation:

Saying that Risk and Return go hand in hand, tells us that you <u>can afford to take additional risk </u> as the length of the investment horizon <u>increases</u>. Increasing the length of the investment horizon increases the ability to take on additional risk because in the long run the investment pays off while it may be choppy in the short time horizon.

5 0
3 years ago
Other questions:
  • Eneral Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company'
    9·1 answer
  • ​the irs says you must do what a "reasonable business person" would do to make a profit when running your own business.
    14·1 answer
  • Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close
    13·1 answer
  • When women are chosen for leadership positions over units or departments in crisis, this is breaking the glass cliff, because wo
    15·1 answer
  • Is stuedent loan debt funded by us government?
    13·1 answer
  • FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the orga
    15·1 answer
  • Basile Corporation has budgeted sales of 36,000 units, target ending finished goods inventory of 4,000 units, and beginning fini
    9·1 answer
  • Stillwater designs rebuilds defective units of its S12L7 kicker speaker model. During the year, stillwater rebuilt 7,500 units.
    11·1 answer
  • Explain the basic functions and
    10·1 answer
  • Now that you have learned about the different types of decision-making styles, write a short essay about the kind of decision ma
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!