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IgorC [24]
3 years ago
15

Feiler Corporation has total current assets of $493,000, total current liabilities of $357,000, total stockholders' equity of $1

,067,000, total net plant and equipment of $1,041,000, total assets of $1,534,000, and total liabilities of $467,000. The company's current ratio is closest to:
a.0.76

b.1.06

c.1.38

d.2.23
Business
1 answer:
Citrus2011 [14]3 years ago
3 0

Answer:

The answer is C.

Explanation:

Current ratio shows the liquidity of of a company. This ratio tells us how a company or business is able to meet its short obligation.

This ration is very important to lenders because they use it to know of you will be able to meet the interest payment and principal

The formula for current ratio is:

Current assets/current liabilities

Total current assets is $493,000, Total current liabilities is $357,000

= $493,000/$357,000

=1.38

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Answer: $337,869.73

Explanation:

Find out the future value of $1,000 given an interest rate of 7.1%. If this amount is less than the future value of $210,000, the difference is added to the final payment to come up with the balloon payment.

The APR needs to be made periodic:

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The $1,000 payment is an annuity so this can be calculated as:

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3 0
3 years ago
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gavmur [86]

Answer:

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The Cost price formulas count two factors the gives price of product and services. The cost price formula has two factors cost of product and profit percentage that seller want to generate from specific product or services.

5 0
3 years ago
A firm in a perfectly competitive market has a fixed cost of $1,000 and a variable cost of $500 while it is earning the revenue
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