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Lemur [1.5K]
3 years ago
15

Accounts payable $36,500, Accounts receivable $46,500, Capital stock $100,000, Cash $46,000, Dividends $10,000, Goodwill $47,000

, Interest expense $4,000, Interest payable $3,500, Inventory $32,000, Note payable $30,000, Prepaid expenses $4,400, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. The note payable balance is due in nine months. How much is Charlie's current ratio? (Round your answer to two decimal places.)
Business
1 answer:
kolbaska11 [484]3 years ago
5 0

Answer:

The Charlie current ratio is 1.84 times

Explanation:

The formula to compute the current ratio is shown below:

Current Ratio = Current Assets ÷ Current liabilities

where,

Current assets = Cash + accounts receivable + inventory + prepaid expenses

= $46,000 + $46,500 + $32,000 + 4,400

= $128,900

And, the current liabilities equal to

= Accounts payable + interest payable + short term notes payable

= $36,500 + $3,500 + $30,000

= $70,000

Now put these values to the above formula

So, the ratio equal to

= $128,900 ÷ $70,000

= 1.84 times

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Answer:

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Explanation:

Though many jobs were completed, but only Job 356 and 357 were sold.

Cost of Goods Sold = cost of job 356 +cost of job 357

= $450 + $1,235

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3 years ago
A company is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. Ho
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Answer:

Value of company = $982.16

Explanation:

The free cash flow is the cash generated by a company that is not retained and reinvested. It is the cash flow available to all providers of capital . It is available to pay dividend or finance other project

The value of the company would be the present value of its free cash flow discounted at the weighted average cost of capital.

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3 years ago
Reflecting on the past ten weeks, specify what you believe are the two most important concepts you have learned in this course.
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Explanation:

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In my opinion, the two most important concepts learned in this course were the development of marketing plans and management of social media.

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6 0
3 years ago
Standard Hours Allowed; Flexible Budgeting; Multiple Products (LO 11-1, 11-2) Evening Star, Inc. produces binoculars of two qual
Lady_Fox [76]

Answer:

8,100 hours

Explanation:

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Total standard hours allowed = (Field models × Field models hours) + (professional binoculars × Professional binoculars hours)

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Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent
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Answer:

1. Kyzera’s return on assets

Return on asset = (Net income / Average total asset)*100

Return on asset = (65,000 / 250,000)*100 = 26%

2.

26% return on assets seems satisfactory for Kyzera as compared to competitor's average return on asset 12% return on assets. It's about 117% higher than the competitor.

3. Total expenses for Kyzera in its most recent year

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Explanation:

6 0
3 years ago
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