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3 years ago

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:

Business

1 answer:

goldenfox [79]3 years ago

5 0

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities $360,000

accounts receivable $1,280,000

inventory $2,180,000

Total Current Assets $3,820,000

Current Liabilities are those which is payable within next one year.

accrued wages and taxes $540,000

accounts payable $840,000

notes payable $680,000

Total Current Liabilities $2,060,000

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

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Answer:

10.00 , .85 , 8.5

Explanation:

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2 years ago

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A higher required reserve ratio _________ the value of the simple deposit multiplier.

Sergio [31]

The answer to this question is decreases
required reserve ratio refers to a certain amount of depositors' money that the banks need to have available on their hand.
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3 years ago

All of the following factors should be assessed to determine an organization’s ability to perform projects EXCEPT: a. Do we mo

wolverine [178]

Answer:

Explanation:

Do teams and individuals follow instructions well?

All the projects in an organization are based in team work, and need to be thinking as a team that reacts to a external environment. So, this exclude answers A, B and D.

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3 years ago

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Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manu

Dovator [93]

Answer:

Crain Company's total taxes would decrease by $64,740

Explanation:

the income statement for the parent company:

total revenue $2,490,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $610,000

- taxes ($201,300)

net income $408,700

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,490,000)

- S&A costs ($199,000)

EBIT $801,000

- taxes ($368,460)

net income $432,540

total taxes paid = $201,300 + $368,460 = $569,760

if the parent company increases the selling price by 20%

the income statement for the parent company:

total revenue $2,988,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $1,108,000

- taxes ($365,640)

net income $742,360

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,988,000)

- S&A costs ($199,000)

EBIT $303,000

- taxes ($139,380)

net income $163,620

total taxes paid = $365,640 + $139,380 = $505,020

the parent company's total taxes would decrease by = $569,760 - 505,020 = $64,740

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3 years ago

In a certain year, the aggregate amount demanded at the existing price level consists of $100 billion of consumption, $40 billio

valkas [14]

Answer:

The answer is: decrease government spending or increase tax rates.

Explanation:

Nominal GDP is currently $170 billions (= $100 billions + $40 billions + $20 billions + $10 billions).

Since full employment GDP = $120 billions, the nominal GDP is much higher ($170 billions > $120 billions). So the government must try to cool the economy and the two main ways it can do it is by reducing government spending or by raising taxes which will lower private consumption.

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3 years ago