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Nataly [62]
3 years ago
6

Wildhorse Corp. has total current assets of $12,152,000, current liabilities of $5,849,000, and a quick ratio of 0.94. How much

inventory does it have?
Business
1 answer:
White raven [17]3 years ago
4 0

Answer:

Wildhorse Corp. has inventory of $6,653,940

Explanation:

The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940

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When the Fed does repos and reverse repos (or repurchase agreements) with financial institutions, the collateral used in these t
MatroZZZ [7]

Answer:

U.S. Treasury bonds.

Explanation:

Repurchase agreements can take place between a variety of parties. The Federal Reserve enters into repurchase agreements to regulate the money supply and bank reserves.

This are open market operation and the Treasury bonds are the collateral

3 0
2 years ago
An increase in nominal GDP Group of answer choices is both per capita and absolute real economic growth. is per capita real econ
Anon25 [30]

Answer:

does not necessarily mean either absolute or per capita real economic growth.

Explanation:

Nominal GDP can increase due to high inflation, and that is not real growth since the purchasing power of individuals, businesses and the government doesn't grow. Real GDP growth would mean absolute economic growth.

The GDP per capita measures the GDP divided by the total population of a country, so the nominal GDP or real GDP could grow, but if that growth is less than the population's growth, then the nominal and real GDP per capita will still decrease.

7 0
3 years ago
In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER
san4es73 [151]
Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price. 
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower. 
8 0
3 years ago
Read 2 more answers
Camilo's property, with an adjusted basis of $302,200, is condemned by the state. Camilo receives property with a fair market va
Brut [27]

Answer:

a. Realized gain = $45,330

Recognized gain = $0

b. $302,200

Explanation:

a. The realized gain is the increase in Camilo's economic position, that is, the difference between the fair market value of both properties. The recognized gain is the taxable gain, which is zero in this situation, since the new property is a compensation.

Realized = 347,530-302,200 =\$45,330\\Recognized = \$0

b. Since there is no recognized gain, the new property must have the same basis as the previous condemned property, which is $302,200.

6 0
2 years ago
A company has 500 shares of $50 par value preferred stock outstanding,and the call price of its preferred stock is $60 per share
faust18 [17]

Answer:

B $32.50

Explanation:

Book value per common share will be calculated as;

= (Stockholder's equity - Shares × Call price per share) / Shares of common stock outstanding

Given that;

Stockholder's equity = $680,000

Shares = 500

Call price per share = $60

Shares of common stock outstanding = 20,000

Therefore,

Book value per common share

= ($680,000 - 500 × $60) / 20,000

= ($680,000 - $30,000) / 20,000

= $650,000 / 20,000

= $32.5

7 0
2 years ago
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