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mash [69]
3 years ago
12

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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Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be pro
katovenus [111]

Answer:

What Baldwin pays to its employees per hour is $29.63

Explanation:

Consider the following calculations to find the Baldwin pays to its employees.

Total raise = 5% + 0.25% = 5.25%

Present wages = $28.15

Baldwin will pay = $28.15* (1.0525) = $29.63

4 0
3 years ago
the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the go
Greeley [361]

Answer:

Cullumber Company

Journal Entry:

Debit Loss on Goodwill Impairment $34,200

Credit Goodwill $34,200

To record the loss on goodwill impairment.

Explanation:

a) Data and Calculation:

Fair value = $820,800

Carrying value of net identifiable assets, including goodwill = $855,000

Goodwill impairment = $34,200 ($855,000 - $820,800)

b) Cullumber, which acquired Blossom is expected to check for the impairment of goodwill yearly.  The impairment occurs when the carrying value of the net identifiable assets of Blossom is more than the fair value of Blossom.  Generally Accepted Accounting Standards require the annual review of the fair value of goodwill to check for its impairment.  By the above entry, the goodwill will be reduced by $34,200 and a loss debited in Cullumber's accounts.

4 0
3 years ago
Revenues for United Parcel Service (UPS) come from the following business segments: 61 percent from U.S. package delivery operat
Rus_ich [418]

Answer:

B

Explanation:

This is a dominant business strategy. As a dominant business, operations starts in one major industry and then the firm expands by purchasing businesses or creating new firms.

UPS has a dominant strategy because of the different business segments in the firm. 61 percent from U.S. package delivery operations, 22 percent from international package delivery, and 17 percent from non-packaging operations.

3 0
3 years ago
Wither Spoon Company requires a new manufacturing facility. It found three locations; all of which would provide the needed capa
suter [353]

Answer:

$42,500 payments at the beginning of each of the next twenty-five years. Assuming Wither Spoon Company's borrowing costs are 8% per annum

Explanation:

Assuming Wither Spoon Company's borrowing costs are 8% per annum

th e option that is least costly to the company is Location C because it only requires $42,500 payments at the beginning of each of the next twenty-five years.

Hence Location A which may be purchased immediately for $500,000 cash and Location B which may be acquired with an immediate down payment of $100,000 and annual payments of $39,900 at the end of each of the next twenty years are not the best option for the company to choose from which therefore makes LOCATION C the best option for Wither Spoon Company because it save cost as as well the least costly to the company.

6 0
3 years ago
_______would Not be considered a "vulnerable group" for the purpose of customer protection.
Roman55 [17]

Answer:

trade unions

Explanation:

as they ensure to protect employees rather than customers.

6 0
3 years ago
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