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lesya [120]
3 years ago
12

Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year

Dec. 31, Previous Year Cash $650 $680 Temporary investments 1,500 1,550 Accounts receivable 700 770 Inventory 1,250 1,400 Accounts payable 2,375 2,000 a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place g
Business
1 answer:
uranmaximum [27]3 years ago
3 0

Answer:

1.20 times and 1.50 times

Explanation:

The computation of the quick ratio is shown below:

Quick ratio = Quick assets ÷ Current liabilities

Particulars                        Current year               Last year

Quick Assets:  

Cash                           $650                         $680

Temporary Investments  $1,500                         $1,550

Accounts receivable   $700                         $770

Quick Assets                   $2,850                         $3,000

Current Liabilities  

Accounts Payable            $2,375                         $2,000

Current Liabilities            $2,375                          $2,000

So, Quick Ratio             1.20 times                  1.50 times

By dividing the quick assets with the current liabilities we can get the quick ratio

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The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1
Olegator [25]

Answer:

$56.89

Explanation:

The computation of the current price of this preferred stock is shown below:

= Annual dividend ÷ required rate of return

where,

Annual dividend equal to

= Quarterly dividend × number of quarters in a year

= $1.65 × 4 quarters

= $6.6

And, the required rate of return is 11.6%

Now put these values to the above formula  

So, the price would equal to

= $6.6 ÷ 11.6%

= $56.89

5 0
3 years ago
The government unit that wants to achieve "revenue enhancement" will find it considerably more favorable to enact an excise tax
boyakko [2]

Answer:

C. highly inelastic

Explanation:

An excise tax on a product will increase its price from the equilibrium point, to a higher point set by the government.

If the government was to enhance its revenue by this means, it should enact the excise tax on products that are highly inelastic.

This is because a highly inelastic product is one whose quantity demanded does not fall considerably even if the price rises a lot.

This means that even if the product is more expensive after the excise tax, consumer will continue to buy it, increasing government revenue in this way.

6 0
3 years ago
Which of the following statement is not true about the Project stakeholders?
xxMikexx [17]

I think d is the answer

Explanation:

all stakeholders must not be independent all must work together

4 0
3 years ago
Give any two merits and demerits of the partnership firm
fiasKO [112]

Answer:

w

Explanation:

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8 0
2 years ago
Read 2 more answers
India specializes in business process outsourcing and does this more efficiently than any other country. It buys agricultural co
uysha [10]

Answer:

Ricardo’s Theory of Comparative Advantage

Explanation:

Comparative advantage is the term used to define the ability of an individual, firm or country to produce a particular good or service at a lower opportunity cost than that if it’s competitors or trade partners. Opportunity cost is the benefit lost from the second best alternative.

When a country can produce a product more efficiently (i.e maximum output using minimum resources) than that of its trade partners, it is known as that it has absolute advantage in that product. India tends to have absolute advantage in both business processes outsourcing as well as producing agricultural commodities as it is mentioned that it can produce both of these more efficiently than the United States.

However, although it has absolute advantage in both, it is still less efficient in producing agricultural commodities when compared to business process outsourcing. In other words, if it attempts to produce agricultural commodities in-house, the benefit lost from the second best alternative: business process outsourcing is high. The opportunity cost is higher when it produces agricultural commodities than it is when it does business process outsourcing. Hence, due to the law of comparative advantage, it chooses to specialize in business process outsourcing and imports agricultural commodities.

5 0
2 years ago
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