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denpristay [2]
3 years ago
13

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1

20, and total liabilities of $205,300. Astin Company’s current ratio is:________
a. 1.14
b. 1.95
c. 1.18
d. 1.42
Business
1 answer:
Firdavs [7]3 years ago
6 0

Answer:

a. 1.14

Explanation:

The current ratio is a financial measure that shows how many times the current assets of an entity may be used (covers) the current obligations (liabilities) of the entity.

It is given as current assets divided by current liabilities.

Astin Company’s current ratio

= $82530/$72120

= 1.14

This means that the current assets will settle the current liabilities 1.14 times.

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The Tax Cuts and Jobs Act passed in December, 2017, eliminated any personal exemptions ($4,050 per preson) but increased the sta
Sergio039 [100]

Answer:

Answer for the question = the threshold went down by = $9000.

The Tax Cuts and Jobs Act passed in December, 2017, eliminated any personal exemptions ($4,050 per preson) but increased the standard deduction to $12,000 for single filers and $24,000 for joint filers beginning in 2018 compared to $6,350 and $12,700 respectively in 2017. Ignoring any other changes made by the new tax law (and there are other important changes such as expansion of a child tax credit), what would the threshold for having any taxable income for a family of two adults and three dependent children be in 2018 compared to 2017? (Hint: the threshold in 2017 was the standard deduction for a married couple with five personal exemptions. "

explanation is attached .

Explanation:

4 0
3 years ago
To: Ellen Stanford From: Thomas Gregory [1] Proposed Agenda for November 6 Meeting Dear Ms. Stanford, [2] Please review the foll
puteri [66]

Answer:

Parts of Email:

Part 2 of the email is part of Introduction and Details as explained below.

Explanation:

Emails can be divided into six major components:

1. Subject Line: Proposed Agenda for November 6 Meeting

2. Greeting: Dear Ms. Stanford

3. Intro/Purpose: Please review the following agenda for our next shareholder meeting and recommend any changes.

4. Details: Agenda for our next shareholder meeting

• Rising stock prices

• Discussion of new investors

• Portfolios and new funding

• Introduction of new vice-president

5. Ask/Action: Please send any changes to the agenda to me by 3:00 p.m., November 3.

6.Closing/Sign-off:  Many thanks, Thomas Thomas Gregory Financial Analyst Office: 854.454.4356 Fax: 435.458.9738 Cell: 834.435.8490

8 0
3 years ago
The Graber Corporation’s common stock has a beta of 1.8. If the risk-free rate is 5.8 percent and the expected return on the mar
Murljashka [212]

Answer:

16.96%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 5.8% + 1.8 × (12% - 5.8%)

= 5.8% + 1.8 × 6.2%

= 5.8% + 11.16%

= 16.96%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

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3 years ago
Are all warranty costs accounted for under the accrual basis of​ accounting? explain.
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All warranty costs accounted for under the accrual basis of accounting go under this section unless the repair cost does not have reasonable estimation. If the repair cost does not have reasonable estimation, it goes under the cash basis for accounting. The accrual basis method of accounting is when you record transactions for revenue when earned and expenses as they are incurred.

8 0
3 years ago
How would you build a culture of quality in an organization such as arnold palmer hospital?
77julia77 [94]

Explanation:

An organizational culture must be based on values ​​of integrity, ethics and reliability. Through these values, organizations achieve several benefits that directly impact the internal and external environment.

Integrity can be understood as the company's non-negotiable values, such as compliance with legal and human requirements that protect its employees and customers.

Ethics must be applied to all organizational processes and in all hierarchies, the relationship between boss and employees, as well as with suppliers and customers must be based on ethical values ​​that promote equality, respect and security of the rights of each individual.

And reliability is achieved through good practices in society and well-established values, which demonstrate good corporate governance and socio-environmental development practices.

In a hospital, for example, it is necessary for the organizational culture to be based on excellent service, in addition to effective communication, reliable professionals, quality equipment, problem solving staff, hygiene, etc., which are values ​​that demonstrate the values ​​and commitment of the institution with patient health and public service.

6 0
3 years ago
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