Tonya lives in a beautiful, well-maintained neighborhood, except for her

When savings accumulate beyond what may be needed for short-term goals and emergencies, then you have money available for invest

sasho [114]

Answer: True

Explanation:

Yes, the given statement is true that the short term goals are refers to the goals that is achieved in short period of time by establishing a proper financial planning and also manage our expenditure for the purpose of investing the various types of goals.

According to the given question, For the purpose of investing we need availability of the money for setting the each goals in prioritized way and also eliminating the credit and debt funds.

Therefore, The given statement is true.

7 0

3 years ago

In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. W

Drupady [299]

Answer: D-its inventory level is too high

Explanation:

Inventory turnover is a ratio that shows a company how efficient it sells its products. A high turnover means that the company is generating sales efficiently for inventory, while a low turnover means not generating efficient sales for inventory.

Also a low quick Ratio means when a company does not have enough current assets and lacks inventory in order to cover it's short term debt

Since, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio, it will generate inventory that is too high leading to poor sales.

6 0

3 years ago

Read 2 more answers

Which credit score would you tell your friends is the worst for getting a loan?

adoni [48]

Answer:

D.

Explanation:

a credit score between 300 and 579 is poor so D.

3 0

4 years ago

Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:

Ostrovityanka [42]

Answer:

-1,185,282.35‬

Explanation:

The average daily collections are the average number of payments times the average value of a payment, so:

Average daily collections = =355 * 945

Average daily collections = $335,475

The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:

PV = (4 day reduction)( $335,475)

PV = $1,341,900‬

The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:

PV of cost = (.3*355)/.00068

PV of cost = $106.5/.00068= $156,617.65

The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:

NPV = $156,617.65 - 1,341,900

NPV = -1,185,282.35‬

3 0

3 years ago

Read 2 more answers

If the inventory at murray manufacturing was $100 in 2019 and fell to $75 in 2020, was that a source or a use of cash for the co

Brums [2.3K]

The reduction in inventory value at Murray manufacturing is a source of cash

What is difference between use and source of funds?

A transaction is a use of cash if it requires more cash to be spent on its during the period under review whereas for a source of cash, there would a reduction in its cash usage for the company

In this case, inventory value fell from $100 in 2019 to $75 in 2020, reducing by $25, which means that inventory made use of lesser cash in 2020,releasing $25 for other uses, hence, inventory is a source of cash.

Find out more use or source of cash on:brainly.com/question/28341877

#SPJ1

5 0

2 years ago