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bearhunter [10]
3 years ago
11

Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The curren

t assets consisted of $62,400 Cash; $43,600 Accounts Receivable; and $85,000 of Inventory. The acid-test (quick) ratio is:
Business
1 answer:
stiks02 [169]3 years ago
7 0

Answer:

acid-test ratio 1,4044

Explanation:

We are asked for a variation ofthe current ratio

whie current ratio is determinate like:

\frac{current\: assets }{current\: liab}

the acid-test will remove inventory from the current assets, leaving only cash, marketable securities and accounts receivables considered for the calculations:

191,000 current assets - 85,000 inventory = 106,000

136,000 current liabilities

191,600 / 136,000  = 1,4044

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Which of the following is a way to bring distant managers together to brainstorm and is a written approach to creative problem s
Trava [24]

Answer: Brainstorming

Explanation: Brainstorming is a group creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members. It is the basic technique for developing ideas and getting people to think up new concepts and solutions to a problem.

Brainstorming also triggers creativity and great idea generation.

8 0
3 years ago
The required return on the stock of Moe's Pizza is 10.4 percent and aftertax required return on the company's debt is 3.28 perce
Katarina [22]

Answer:

WACC - new project = 6.408% rounded off to 6.41%

Explanation:

The WACC or weighted average cost of capital is the cost of a firm's capital structure. The capital structure can consist of one or more of the following components namely debt, preferred stock and common equity. The WACC is calculated as follows,

WACC = wD * rD * (1 - tax rate)  +  wP * rP  +  wE * rE

Where,

  • w represents the weight of each component
  • r represents the cost of each component
  • D, P and E represents debt, preferred stock and common equity
  • rD * (1 - tax rate) is the after tax cost of debt

We first need to calculate the WACC of the company and then adjust it for the new project.

WACC = 35% * 3.28%  +  65% * 10.4%

WACC = 7.908%

As the new project is less risky and has an adjustment factor of -1.5%, the required rate of return for the new project will be,

WACC - new project = 7.908%  -  1.5%  

WACC - new project = 6.408% rounded off to 6.41%

4 0
2 years ago
A small LTL shipment that originates on a truck in San Francisco and is moved from San Francisco to Las Vegas where it is unload
nikdorinn [45]

Answer:

False

Explanation:

Intermodal freight transport deals with the transportation of freight in an intermodal container or vehicle, using multiple different of transportation like ship, rail, and truck with no handling of any of the freight itself when changing

to different transport. Base on the scenario been described in the question, we can see that it false because it not does not mean the definition of intermodal freight

7 0
3 years ago
Before purchasing services, citizens must often make assessments of their quality based on reputation. Group of answer choices T
Tanzania [10]
True actually because look in your text books !!
3 0
2 years ago
If the inflation rate was 3.00% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest o
Alex Ar [27]
The real interest rate would be 5%.
You are getting 8% interest and losing 3% due to inflation= 5%
3 0
3 years ago
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