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Ghella [55]
3 years ago
9

At the end of the recent year, The Gap, Inc., reported total assets of $7,610 million, current assets of $4,315 million, total l

iabilities of $4,706, current liabilities of $2,453 million, and stockholders' equity of $2,904 million. What is its current ratio and what does this suggest about the company?
Business
1 answer:
borishaifa [10]3 years ago
3 0

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities

where,

Total current assets = $4,315 million

And, the total current liabilities is $2,453 million

So, the current ratio is

= $4,315 million ÷ $2,453 million

= 1.76 times

Since the current ratio is greater than the 1.76 times that reflects that company have a liquidity position and it is able to pay its short term obligations

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Jason just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $50,
bixtya [17]

Answer:

$570.91

Explanation:

For computing, the amount pay today for the annual membership we just need to apply the present value formula i.e to be shown in the attachment

Provided that

Future value = $0

Rate of interest = 11% ÷ 12 months  = 0.916666%

NPER = 12 months

PMT = $50

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the amount paid today for the membership is $570.91

4 0
3 years ago
When a negative real shock hits the economy, in the absence of any monetary intervention?
Reptile [31]

When a negative real shock hits the economy, without monetary intervention, both inflation and real growth will decline.

Inflation can be defined as an increase in prices, which can be translated as a decrease in purchasing power over time. The rate of decline in people's purchasing power can be reflected in the increase in the average price of a selected basket of goods and services over a period of time. An increase in price, which is often expressed as a percentage, means that one unit of currency is effectively buying less than it did in the previous period. Inflation can be contrasted with deflation, which occurs when prices fall and people's purchasing power increases.

You can learn more about inflation here brainly.com/question/28190771

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6 0
1 year ago
In the purchasing decision process, the ________ are those who have the power to prevent sellers or information from reaching me
VikaD [51]

Answer: The gate keeper

Explanation: The gate keeper in purchase decision making, is the individual who works directly for the decision maker. The gate keeper gives key advice to the decision maker when making purchase, to either make a deal or not.

The gatekeeper has the ability of stopping information about a product from getting to the key decision maker in purchase.

5 0
2 years ago
Druganaut company buys a $21,000 van on credit. the transaction will affect the
Debora [2.8K]

Balance sheet.

The balance sheet shows assets, liabilities, and stockholder's equity. Buying the van on credit would be a liability.

5 0
3 years ago
At their regular monthly meeting, a group of local brokers agrees that the introduction of "discount brokerages" in their area w
steposvetlana [31]

Answer:

would be considered collusion.

Explanation:

Collusion refers to an illegal agreement between two or more businesses that decide to cooperate together by setting prices or production quotas. This businesses should naturally compete against each other, not team up to charge higher fees. Collusion is illegal because it leads to unfair market advantages because they negatively affect competition.

8 0
3 years ago
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