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3 years ago

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:

Business

1 answer:

Fofino [41]3 years ago

6 0

Answer:

Quick Ratio - Current Year = 1.44

Quick Ratio - Previous Year = 1.447826 rounded off to 1.45

The quick ratio of the business has declined as it has less current assets to pay of each $1 of current liability than it had previous year.

Explanation:

The quick ratio or acid test ratio is a financial ratio that is used to assess the liquidity of a business. It measures the amount of most liquid assets that the business has to pay each $1 of current liability of the business. The most liquid assets of a business are all of its current assets excluding inventory. The formula to calculate the quick ratio is,

Quick ratio = (Current Assets - Inventory) / Current Liabilities

Quick Ratio - Current Year = (660 + 1440 + 3300 - 1080) / 3000

Quick Ratio - Current Year = 1.44

Quick Ratio - Previous Year = (920 + 2050 + 1400 - 1040) / 2300

Quick Ratio - Previous Year = 1.447826 rounded off to 1.45

The quick ratio of the business in previous year was approx. 1.45 which means that the business had $1.45 of most liquid current assets to pay each $1 of current liability while this year, it has $1.44 of current assets for each $1 of current liability. This means that the quick ratio of the business has declined as it has less current assets to pay of each $1 of current liability than it had previous year.

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Three people invest in a business. The first two invest in the ratio 2:3, and the third person

Diano4ka-milaya [45]

Answer:

$15 million

Explanation:

The three investors' total investments would add up to 100% or 1.

The first two invested in the ration of 2:3

It means ;

Investor 1: 2/5

Investor 2: 3/5

If investor 3 invested twice as investor 1 and 2, then we can deduce that he invested ( 2/5 + 3/5) x 2

the new denominator is 10, meaning

Investor 1 had 2/10,

investor 2 had 3/10

investor 3 had 5/10

If total investments were $30 million, then the highest investor invested

5/10 x $30million

=0.5 x $30 million

=$15 million

5 0

3 years ago

Explain the relationships among speed, frequency, and the number of poles in a three-phase induction motor

Triss [41]

The synchronous speed (rpm) equals 60 times the frequency divided by the number of pole pairs. For 50Hz, a two-pole motor will have a synchronous speed of 3000 rpm, a four-pole motor of 1500 rpm.

The actual speed is a few percent lower due to the slip of the asynchronous motor.

The slip increases with the torque, typical values are 5–10%. The rated speed for a four-pole motor at 50Hz will thus be something like 1360 rpm. At no-load, the slip is very small.

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3 years ago

In its first year of business, Borden Corporation had sales of $2,020,000 and cost of goods sold of $1,210,000. Borden expects r

Iteru [2.4K]

Answer: Please see answers in explanation column

Explanation:

Accounts title and explanation Debit Credit

Sales returns and allowances $121,200

Sales refund payable $121,200

Calculation

Expected Sales returns and allowances = sales x expected percentage

= 2,020,000 x 6%= $121,200

Accounts title and explanation Debit Credit

Inventory returns estimated $72,600

Cost of goods sold $72,600

Calculation

expected Cost of goods sold = Cost of goods soldx expected percentage

= 1,210,000 x6%=$72,600

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3 years ago

When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand fa

zheka24 [161]

Answer:

The correct answer is false.

Explanation:

A firm incurs both variable cost and fixed cost in the short run. If the firm is able to cover the variable cost in the short run it will continue operating. However, if it is not able to cover its variable cost it will stop operating.

So, if the demand falls such that total revenue is not able to cover total cost but the variable cost is being covered, the firm will not stop production.

In the long run, all the costs are variable. So when the revenue is not able to cover cost, the firms will stop operating.

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3 years ago

GenBrands, a foreign maker of washing machine tubs and pumps, sells its parts to several washing machine manufacturers in the Un

Leya [2.2K]

This is called private branding (or private labeling)

For better understanding, we have to understand what the term private branding (or private labeling) means

Private branding (or private labeling) is simply known as when a company produces a particular product and thereafter sells the product to a retailer who later on resells it after registering or branding it under its own name.

An example is when Povlix watch maker make watches for Pinnacle to sell as its Nacles watch.

A brand is often regarded as the name,design etc that set apart an organization or product from other companies (mostly its rivals) in the eyes of the customer.

From the above, we can therefore say that the answer that this is called private branding (or private labeling) is correct

Learn more about private branding (or private labeling) from:

brainly.com/question/17372249

6 0

3 years ago