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serious [3.7K]
3 years ago
7

You are analyzing a company that has cash of $8,800, accounts receivable of $15,800, fixed assets of $87,600, accounts payable o

f $40,300, and inventory of $46,900. What is the quick ratio?
a. 1.20
b. 83
c. 61
d. 164
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

quick ratio =  0.61  

Explanation:

given data

cash = $8,800

accounts receivable = $15,800

fixed assets = $87,600

accounts payable = $40,300

inventory = $46,900

solution

we get here quick ratio that is express as

quick ratio = (Cash + Accounts receivable) ÷ (Accounts Payable)   .................1

put here value and we get

quick ratio = \frac{8800+15800}{40300}  

quick ratio =  0.61  

so correct option is c. 61

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f interest rates are rising in an economy, what might the relationship be between savings and investment that is causing this to
aleksklad [387]

Answer: b) Investment demand had been greater than savings

Explanation:

Investment in the economy comes from savings by households also known as Loanable funds. If investment demand is higher than the savings supply this demand will pull the interest rate up due to a lack of loanable funds.

As the interest rates are pulled up, more people will be encouraged to save their money in other to benefit from the higher interest rates thereby increasing the loanable funds in the market.

5 0
3 years ago
Sexton, Corp., has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 860 $ 940 $ 900 $ 1,000 Sales in the y
earnstyle [38]

Answer:

                                                   Q1               Q2             Q3            Q4

a. Payment of accounts ($)     258.00       282.00       270.00    300.00

b. Payment of accounts ($)     258.00       282.00       270.00    300.00

c. Payment of accounts ($)     258.00       282.00       270.00    300.00

Explanation:

Given:

                              Q1                Q2           Q3           Q4

Sales ($)               860              940         900         1,000

Therefore, we  have:

a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

This is done as follows:

                                                 Q1                Q2           Q3            Q4

Order (30% of Sales) ($)      258.00       282.00       270.00    300.00

Payment of accounts ($)     258.00       282.00       270.00    300.00

b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

A 90-day payables period implies that the payment has be made within the next 90 days or within one quarter or the same quarter. Therefore, we have:

                                                 Q1               Q2             Q3            Q4

Order (30% of Sales) ($)      258.00       282.00       270.00    300.00

Payment of accounts ($)     258.00       282.00       270.00    300.00

c. Calculate payments to suppliers assuming a 60-day payables period.

A 60-day payables period implies the payment for the Order in each of the quarters has to be made in the same quarter.

Therefore, we have:

                                                 Q1               Q2             Q3            Q4

Order (30% of Sales) ($)      258.00       282.00       270.00    300.00

Payment of accounts ($)     258.00       282.00       270.00    300.00

Note:

It can be observed that the answer look the same for all the questions.

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3 years ago
The comparative balance sheets for Kingbird Corporation appear below:
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Banana is good and good for me
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2 years ago
The main outputs of the _____ process are team performance assessments and enterprise environmental factors updates.
viva [34]
The main outputs of the  developing the project team process are team performance assessments and enterprise environmental factors updates. 

Hope this helps !
 
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3 0
3 years ago
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amou
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Answer:

A. The first cash flow of an annuity due is made on the first day of the agreement.

G. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.

Explanation:

The computation is shown below:

As we know that

Future value after 4 years is

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