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3 years ago

What is the Current Ratio given the following information?

Business

2 answers:

azamat3 years ago

8 0

Answer:

The correct option is B that is 0.45

Explanation:

Computing the Current Ratio with the formula which is as:

Current Ratio (CR) = Current Assets (CA) / Current Liabilities (CL)

where

Current Ratio (CA) is $477.50

Current Liabilities (CL) is $1075

Putting the values in the above formula of Current Ratio (CR):

= $477.50 / $1075

= 0.444 or 0.45

Note 1: Inventory will not be included while computing the current ratio, as it is already been added in the current assets. Therefore, there is no need of adding it twice in the Assets.

Note 2: This is the correct formula for computing the current ratio and I computed the same with the given information, so it 0.45 is the correct answer.

nadezda [96]3 years ago

7 0

Answer:

0.70

Explanation:

I just took this test and 0.45 was wrong. It's 0.70

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Complete the following table. 2. Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe

Arlecino [84]

Answer:

Unit contribution margin = price per unit-variable cost per unit

= $530 - 145

= $385

Ratio of margin of profit = profit margin / sales price

= 385 / 530

= 72.64%.

Sales = 800 * 530 = 424,000

Variable costs = 800 * 145 = 116,000

Sales of 800 units 448,000

Variable costs of 800 units 116,000

Contribution margin 308,000

Fixed costs 147,400

Income from operations 184,600

Break-even units = fixed costs / contribution margin per unit

= 147,400 / 385

= 382.85 units, rounded off to 383 units

Break-even sales revenue

= break-even units * sales price

= 383*530 = $ 202,990

For profit of 80,000, contribution margin = fixed costs + profit

= 147,400 + 80,000 = 227,400

Target sales units = contribution margin / contribution margin per unit

= 227,400 / 385

= 590.64 units, rounded off to 591 units

8 0

3 years ago

Your portfolio is comprised of 40 percent of stock X, 15 percent of stock Y, and 45 percent of stock Z. Stock X has a beta of 1.

expeople1 [14]

Answer:

Portfolio beta = 0.904

Explanation:

The portfolio beta is the weighted average of all the beta associated with each of the different stock making up the portfolio. The betas are weighted using the probability associated with each of the stock.

Portfolio beta = WaRa + Wb+Rb + Wn+Rn

W- weight of the beta, R- Stock beta -

W- Probability of the beta, R- stock beta

Note that the sum of the probability of different outcomes should equal to one. Hence, the probability of economy being normal is

Portfolio beta = (0.4 × 1.24) + (0.15 × 1.49) + ( 0.45 ×0.41) =0.904

Portfolio beta = 0.904

6 0

4 years ago

In the u.s. surgeons earn a median salary of $365,885, which puts them at the ________ of all income.

nataly862011 [7]

This answer should be "c" the top 20%. The income is clearly not middle income level, which would be d or a. It is definitely not b- bottom 20%. Therefore we are left with c- top 20% and this jives with my own experience. 1% would include millionaires and above, therefore we are left with a relatively small group of high income earners who aren't necessarily millionaires- in the sense that they earn a million or more per year.

6 0

4 years ago

State the difference between individual and community goods and services

Luden [163]

Good are things that you can physically have but services are like someone cleaning your house

3 0

3 years ago

Assume the U.S. dollar and the Canadian dollar are traded in flexible currency markets.

erica [24]

Answer:

B. Higher interest rates in the United States relative to Canada.

D. Decreasing GDP in the United States than in Canada.

Explanation: A flexible currency market is market where the exchange rate is determined by some economic factors which includes

High interest rate- if the interest rate on the United States is higher than that in Canada most investors will be moved to Borrow money from Canada instead of Borrowing from United States leading to reduced demand for The United States dollar which will lead to depreciation of the United States Dollar.

Decreasing GDP- when the gross domestic product of the United States economy decreases the general productivity level in the United States is decreased which will discourage foreign investors from investing in the United States leading to reduced demand for the United States Dollar.

7 0

4 years ago