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crimeas [40]
3 years ago
14

On June 30, 2018, Baird Company’s total current assets were $502,000 and its total current liabilities were $274,000. On July 1,

2018, Baird issued a long-term note to a bank for $39,400 cash. Required Compute Baird’s working capital before and after issuing the note. Compute Baird’s current ratio before and after issuing the note.
Business
1 answer:
amm18123 years ago
7 0

Answer:

Before issuing the note

Current ratio

= <u>Current assets</u>

   Current liabilities

= <u>$502,000</u>

  $274,000

= 1.83: 1

After issuing the note

Current ratio

= <u>$538,400</u>

  $274,000

= 1.96:1

Explanation:

Current ratio is the ratio of current assets to current liabilities. Before issuing the note, current assets amounted to $502,000 while current liabilities were $274,000. After issuing the note, current assets increased to $538,400 as a result of $39,400 received on note issue. This increases the current ratio from 1.83 to 1.96.

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ValentinkaMS [17]

Answer:

B.enables production to be ahead of demand.

Explanation:

<em>One of the benefits of a wholesale warehouse in the chain of distribution is that it </em><em>enables production to be ahead of demand</em><em>.</em>

A warehouse generally represents a large house where goods/products are kept prior to their distribution for sale.

The use of a warehouse offers several advantages to producers. These include:

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<em>Hence, the correct option is B.</em>

4 0
2 years ago
Identify the marketing research technique implied in the scenario. Tiara is planning to open a small café in her neighborhood. H
AnnyKZ [126]

Answer:

demographic and psychographic segmentation

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5 0
3 years ago
The price of a basket of goods is $2000 in the U.S. If purchasing power parity holds, and the dollar buys two units of some coun
Eva8 [605]

Answer:

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Explanation:

Calculation to determine how many units of foreign currency does the same basket of goods cost in that country

Based on the information given we were told that the PRICE OF A BASKET OF GOODS is the amount of $2000 in which the dollar buys TWO UNITS of some country’s currency, now let determine HOW MANY UNITS of foreign currency does the same basket of goods cost in that country

Using this formula

Units of foreign currency=Basket of goods price*Some country’s currency units

Let plug in the formula

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Units of foreign currency=4,000 units

Therefore the number of units of foreign currency that the same basket of goods cost in that country is 4,000

The price of a basket of goods is $2000 in the U.S. If purchasing power parity holds, and the dollar buys two units of some country’s currency, then how many units of foreign currency does

7 0
3 years ago
The hardest part about finding work is _____.
Snezhnost [94]
Hey there,

Getting the first job would probably be the hardest. So the answer is C.

Hope this helped, have a great day :)
6 0
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Read 2 more answers
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Hunter-Best [27]

Answer:

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