Answer:
Working capital=$59,200
Current ratio= 3
:1
Explanation:
Current ratio = current assets/ current liabilities
Current ratio = 31000+ 14600+432000 =88800
Current liabilities = 22,100+7,500 = 29600
Working capital = Current asset - current liabilities
= 88800 - 29600=59200
Working capital=$59,200
Current ratio = Current asset /current liabilities
= 88800
/29600 = 3
:1
Current ratio= 3
:1
Answer:
4,000
Explanation:
Ron has a life insurance policy with a face value of 100,000
The consumer price index has gone up by 4%
Therefore the increase in the policy face value can be calculated as follows
= 100,000 × 4/100
= 100,000 × 0.04
= 4,000
Answer:
The answer is: D) $1.75
Explanation:
Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good and the actual price paid for the good.
Larry, Alan and Ryan were all willing to pay more for a bottle of soda than the actual price of the soda.
- Larry's consumer surplus = $2 - $1 = $1
- Alan's consumer surplus = $1.50 - $1 = $0.50
- Ryan's consumer surplus = $1.25 - $1 = $0.25
The total consumer surplus is $1 + $0.50 + $0.25 = $1.75
