Answer:
3.10; 1.53
Explanation:
Total Current Assets:
= Cash + Receivables + Inventory + Other Current Assets
= $99 + $91 + $179 + $15
= $384 million
Total Current Liabilities:
= Accounts Payable + current portion of long-term debt
= $92 + $32
= $124 million
Current Ratio:
= Total Current Assets ÷ Total Current Liabilities
= $ 384 ÷ $ 124
= 3.10
Acid Test Ratio:
= (Cash + Accounts Receivables ) ÷ Current Liabilities
= $(99 + 91) ÷ $124
= 1.53
Answer:
D. HUMAN CAPITAL
Explanation:
Factors of Production are the resources/ inputs used to produce final finished goods output.
There are 4 factors of production:
- Land - is paid 'rent' as factor income
- Labour - is paid 'wages' as factor income
- Capital (Money) - is paid 'return on investment' i.e 'interest' as factor income
- Entrepreneur (Entrepreneurship) - is paid reward as 'profit'.
Labour & Human Capital seeming to be synonyms are different :- 'Human Capital' is the stock of knowledge & skills embodied in 'labour', enabling them to perform tasks of economic value. Firms invest in human capital i.e knowledge/skill enhancement of factor of production 'labour'.
So, Labour and <u>not</u> HUMAN CAPITAL is a factor of production.
Answer:
Nike as a brand is making the use of Marketing mix to communicate a objective of high quality sport brand.
Explanation:
- The aim of the marketing mix s the right combination of product, place, promotion, and price, etc. It is done so that the company can have an advantage over the competitors. It's a set of controllable and tactile marketing tools.
Answer:
Ke = Rf + β(Rm - Rf)
Ke = 4.3 + 1.12(13.2 - 4.3)
Ke = 4.3 + 1.12(8.9)
Ke = 4.3 + 9.968
Ke = 14.268%
Explanation:
In this question, there is need to calculate cost of equity based on capital asset pricing model. Cost of equity is a function of risk-free rate plus beta multiplied by the difference between market return and risk free rate.
Answer:
$144,000
Explanation:
Sales $900,000
Less Variable expenses:
Cost of goods sold $630,000
Variable selling $90,000
($900,000 ÷ $50 per book = 18,000 books)
($5 per book x 18,000 books)
Variable administrative $36,000
(4% of $900,000)
Total Variable expenses $756,000
Contribution margin $144,000
($900,000-$756,000)
Therefore the Contribution margin for Sam's Bookstore for the first quarter is $144,000
