Answer:
Wildhorse Corp. has inventory of $6,653,940
Explanation:
The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:
Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities
(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060
Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940
Answer:
$137,200; $103,600
Explanation:
In 2015:
Free cash flow:
= Net cash flow from operating activity - Capital expenditure
= $294,000 - (70% × $224,000)
= $294,000 - $156,800
= $137,200
In 2016:
Free cash flow:
= Net cash flow from operating activity - Capital expenditure
= $280,000 - (70% × $252,000)
= $280,000 - $176,400
= $103,600
Answer:
democratic
Explanation:
Democratic leadership is also called participative leadership or shared leadership. It is a type of leadership system that allows it's members to take part in the process of making decision. This style of leadership can be adopted in any organization and at all levels.
Democratic leadership
a. Allows open communication.
b. Gives room for collaborative efforts.
c. Allows shared responsibility.
d. Encourages creativity.
Answer:
Crane Company
If Crane Company uses LIFO, the value of the ending inventory is:
= $440.
Explanation:
a) Data and Calculations:
Units Unit Cost Total Cost
1/1/20 inventory 150 $4.00 $600
1/15/20 Purchase, 70 5.10 357
1/28/20 Purchase, 70 5.30 371
Total 240 $1,328
1/31/20 inventory 110 $4.00 $440 ($4.00 * 110)
b) The LIFO method assumes that goods that are sold first are the last that were purchased. Therefore, the cost of the ending inventory is usually based on the cost of the earlier inventory purchased. In our case, the cost per unit was based on the beginning inventory balance.
Option B, The false statement from the given is, "Students rarely leave out of college because of financial difficulties".
<u>Explanation:
</u>
Undergraduate students may open up job opportunities, but certain students may not bear costs. Student loans are not a prime opportunity to fund a university degree, and credit can be a far bigger burden for dropping-out graduates.
It can be a challenge with two reasons not to hold the student loan debt going after leaving: interest and late payments and the effect on credit. Interest and late charges will continue to increase the overall balance owed by student loans over time. When a student who has withdrawn is prepared to handle his debt, he or she may face a tougher challenge than expected.