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
Rama09 [41]
3 years ago
7

Coleman Luggage has liabilities of $870,000 that the company must pay back by the end of the month. It currently has a cash bala

nce of $175,000 and inventories totaling $220,000. Other short-term assets equal $85,000. This information helps in understanding that Coleman Luggage has solvency.
Business
1 answer:
Troyanec [42]3 years ago
4 0

Answer:

The answer is low

Explanation:

Liquidity or Solvency is the ability of a business to pay its debt(both in short term and long term).

In the question, Coleman Luggage has a liability of 879,000 and the total current assets(which can be used to offset the liability) are cash balance of $175,000 + inventories of $220,000 + Other short-term assets of $85,000 = $480,000.

To know its solvency (net working capital) = Asset - liability

$480,000-870,000

= -$390,000.

Coleman Luggage has a low solvency because his asset cannot cover all his liabilities. His asset is less than his liabilities

You might be interested in
The Guitar Shoppe reports the following sales forecast: August, $150,000; September, $170,000. Total sales includes 40% cash sal
spayn [35]

Answer:

Cash Receipt Budget

Cash receipt budget shows the sales of cash and credit. It also shows the frequency of the payment of credit sales by the customer.

5% of noncollectable will not be recorded in the cash receipt. Calculate GS's scheduled cash receipts for the month of September as shown below:

GS Cash receipt Budget For September month  

Sales = $170,000

Cash sales (0.4 × $170,000) = 68,000

Collections of prior month's Receivables  ($150,000 x 0.55) = 82,500

Total cash receipts = $150,500

Working Notes

Cash sales are 40 percent of total sales.

55 percent of previous month receivables are received in the current month. As such, receivables pertaining to August is received in September.

Therefore, GS's budgeted cash receipts for the month of September is computed as $150,500

4 0
3 years ago
Acellus: into to accounting ?
lorasvet [3.4K]

Answer:

make ur question clear

Explanation:

8 0
3 years ago
Read 2 more answers
What are the 3 basic economic questions all societies must answer?a. who gets to produce goods, who gets to consume them, and wh
Hitman42 [59]

Answer:

b. why, when, and how goods and services should goods be produced?

Explanation:

The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?

These questions are pertinent because resources are scarce, but human needs are unlimited. Therefore, one has to choose the best combination of resources to make a production that meets human needs. The timing of production will depend on the perception of needs (demand), so that as man evolves, new demands emerge to improve people's quality of life.

8 0
3 years ago
Which is not one of the pressing issues facing the future of delinquency prevention?
jeka57 [31]
<span>The long delays before childhood intervention programs showing a reduction of delinquency is not one of the issues. Ethical concerns over early intervention, the stigmatization that occurs when labeling children and families "delinquent," and the ease at which these programs have expanded are all issues that have taken place in the recent past.</span>
3 0
3 years ago
A loop of wire carrying a current of 2.0 A is in the shape of a right triangle with two equal sides, each 15 cm long. A 0.7 T un
Akimi4 [234]

Answer:

F =  0.312 N

Explanation:

Given,

Current, I = 2 A

Length of the equal side = 15 cm = 0.15 m

Magnetic field, B = 0.7 T

Magnetic filed is parallel to hypotenuse

θ = 135°

Force on the first side of the triangle

F = i BL \sin \theta

Force on the another side

F = i BL \sin \theta

Resultant magnetic Force

F = 2 \times 2\times 0.7 \times 0.15 \sin 135^0

F =  0.312 N

8 0
3 years ago
Other questions:
  • A bond indenture is
    10·1 answer
  • Lisa Smith decided to start her CPA practice as a professional corporation, Smith CPA, PC. The corporation purchased an office b
    12·1 answer
  • Wellman Company is considering investing in a two-year project. Wellman's required rate of return is 10%. The present value of $
    15·1 answer
  • While Margot was preparing to cross the street, a motorist yielded in front of a crosswalk, allowing her to cross the street saf
    11·1 answer
  • A pure strategy involves​ ____________. A. choosing one particular action for a situation. B. choosing ethical actions over domi
    13·1 answer
  • What is not a common credit card fee
    10·1 answer
  • For companies that sell goods or services on account, if revenue is recognized prematurely, what would be overstated: sales or a
    10·1 answer
  • A jet engine has 10 components in series. The average reliability of each component is 0.998. What is the reliability of the eng
    6·1 answer
  • Baden Company manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs
    12·1 answer
  • Does minimum wage automatically increase as inflation or prices of goods increase?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!