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geniusboy [140]
3 years ago
5

​Aylward, Inc. currently has $2,141,000 in current assets and $842,000 in current liabilities. The company’s managers want to in

crease the firm’s inventory, which will be financed by a short-term note with the bank. What level of inventories can the firm carry without its current ratio falling below 2.2?
Business
1 answer:
makvit [3.9K]3 years ago
4 0

Answer:

$240,500

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities

= $2,141,000 ÷ $842,000

= 2.5 times

For current ratio falling below 2.2, we have to assume the borrowed amount be X

So, the equation would be

$2,141,000+ X ÷ $842,000 + X = 2.2

$2,141,000+ X = 2.2 × ($842,000 + X)

$2,141,000+ X = $1,852,400 + 2.2X

$2,141,000 - $1,852,400 = 2.2X - X

$288,600 = 1.2X

So X would be $240,500

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On the basis of the information, and assuming trade occurs between the three states, we can expect Multiple Choice Washington to
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Answer: Washington to exchange apples with Texas and receive money in return.

Explanation:

The picture relating to the question has been attached.

From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.

If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.

7 0
3 years ago
Carrie recently received the Employee of the Year award at the call center where she works as a customer service representative.
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Answer: C. Carrie felt the strain of having to constantly fake positive emotions towards her customers

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5 0
3 years ago
___________________ are cost that make customers reluctant to switch to another product or servicce.
pashok25 [27]

Answer:

Switching cost

Explanation:

Switching cost may be defined as the amount which is related to the consumer for the purpose of changing the supplier to the another one. So, the greater the cost of switching, the more will be hard or costly the switch will be.

Therefore according to the above explanation, the correct answer is Switching cost.

3 0
3 years ago
Bonita Industries had 205000 shares of common stock, 19100 shares of convertible preferred stock, and $1496000 of 5% convertible
s2008m [1.1K]

Answer:

EPS is $2.8 per share

Diluted EPS is $2.4 per share

Explanation:

Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

Basic EPS = (Net Income - Preferred dividends) / Weighted Average numbers of share

Basic EPS = ($592,000 - ( 19,100 x $0.9 ) / 205,000 = $2.8 per share

Diluted earning per share is calculated by adjusting all the convertible share options or securities in the outstanding share.

Diluted EPS = (Net Income - Preferred dividends) / Diluted numbers of share

Diluted EPS = ($592,000 - $17,190) / ( 205,000 + 39,000 )

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All  the option given are inconsistent with data given.

8 0
3 years ago
Amy and mike are going to an amusement park. they each bought ice cream, and mike got a soda. amy. y had a $10 coupon to put tow
N76 [4]

We have that

Cost total-------------------------$10 coupon+$30.25=$40.25

<span>ice cream costs                        $1.50*2</span>= -$3

<span>admission cost                        $18*2</span>= -$36

<span>soda cost                                   $X*1</span>= -$X

 $40.25=$3+$36+$X

$X= $ 1.25

a soda costs at the amusement park $ <span>1.25</span>

5 0
3 years ago
Read 2 more answers
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