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o-na [289]
3 years ago
9

A firm has $600,000 in current assets and $150,000 in current liabilities. Which of the following is correct if it uses cash to

pay off $50,000 in accounts payable?
1) Current ratio will increase to 5.0.
2) Net working capital will increase to $500,000.
3) Current ratio will decrease.
4) Net working capital will not change.
Business
1 answer:
Molodets [167]3 years ago
4 0

Answer:

4) Net working capital will not change.

Explanation:

The best answer to the question is the 4th option. The net working capital will not be changed if company would be usingcash to pay off their accounts payable. Also the difference that exists between current assets and current liabilities will also stay the same way as it was before. current ratio will go up to 5.5.

Thank you.

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Media Literacy gives you the ability to do what? A. operate complicated technologies, B. Use media production tools to craft mes
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Answer:

c. Analyze and evaluate media messages.

Explanation:

Media literacy enables the populace to understand and contribute to public discourse, and, eventually, make sound decisions when electing their leaders. People who are media literate can adopt a critical stance when decoding media messages, no matter their views regarding a position.

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32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
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Answer:

Explanation:

b. thinking at the margin

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3 0
3 years ago
Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.
Snowcat [4.5K]

Companies must follow generally accepted accounting principles (gaap) for  international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>
  • The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
  • The International Accounting Standards Board created and maintains them (IASB).
  • The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
  • More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
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8 0
2 years ago
Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (
Fofino [41]

Answer and Explanation:

1.

The direct labor overhead rate using the direct labor hours is shown below:-

Direct labor overhead rate = Total overheads ÷ Direct labor hours

= $220,800 ÷ 1,725

= $128

b. The machine hour overhead rate using the machine hours is

= Total overhead ÷ Machine hours

= $220,800 ÷ 4,600

= $48

2.

The factory overhead costs using direct labor hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Direct labor            

hours                        730                 480                515

Overhead rate         $128               $128              $128

Total                        $ 93,440        $61,440        $65,920     $220,800

For determining the total overhead we simply multiply the direct labor hours with overhead rate.

The factory overhead costs using machine hour is

Particulars             Automobile       Valve        Wheels        Total

                                bumpers           covers

Machine hours          1,970               1,270         1,360

Overhead rate            $48                  $48              $48

Total overhead        $94,560         $60,960    $65,280      $220,800

For determining the total overhead we simply multiply the machine hours with overhead rate.

7 0
3 years ago
Suppose the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The
lara31 [8.8K]

When the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in "neutral fiscal policy".

<h3>What is neutral fiscal policy?</h3>

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fiscal neutrality occurs when taxes and government spending have no net effect-

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7 0
1 year ago
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