Answer:
1.21
Explanation:
Current Ratio = Current Asset / Current Liabilities
= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities
= ( 46500 + 34000 + 102000 + 129000) / 257000
= 1.21
A settlement made with the aid of using a minor is frequently voidable, however a minor can most effective keep away from a settlement all through his or her minority popularity and for an inexpensive time after he reaches the age of majority. After an inexpensive length of time, the settlement is deemed to be ratified and cannot be avoided.
- Facts of the case: Sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. At age 19, he wants to void the agreement by claiming that he lacked capacity when he signed the deal at 17.
- Rule of Law: Minor's Contracts are voidable at the option of Minor.
- Analysis: Since, Minor's Contract is voidable at the option of the Minor who Signs the Contact can either honor the contract or void the contract. A minor can void a contract for lack of capacity, only when he is still under the age of majority. If a minor turn 18 i.e., After attaining Majority and hasn't done anything to void the contract, then the contract can no longer be voided.
- Here, Sean has not done anything to void the contract on attaining the age of 18. So, he at the age of 19, cannot void the agreement by claiming that he lacked capacity when he signed the agreement at 17.
- Decision: Sean Vs. Sportswear Company: In the light of the above provisions, a Court will not permit Sean to now void the agreement.
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Answer:
$68 appears as the amount unearned but received (or still paid in advance) in the closing statement
Explanation:
Amount received in advance = $100
Amount earned = $32
Amount (in advance at closing) is the difference between the amount originally paid in advance and the amount earned
Amount (in advance at closing) = $100 - $32
= $68
The amount that will appear in the closing statement as rental payment still in advance is $68.
Answer:
The answer is 'Buy a Stock Index Future'
Explanation:
To take best advantage of this situation, Mr Smith should go long(buy) on this stock.
Stock Index Future js a method of derivates. Futures, like forward contract is a forward commitment which obligates the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price. Future is used to hedge against worse future situations.
Answer:
C. The federal government controls fiscal policy.
Explanation:
Fiscal policy are policies enacted by the government using its spending or taxes to stabilise the economy. There are two types of fiscal policy, expansionary and contractionary fiscal policy.
1. Expansionary fiscal policy is a policy that increases the money supply in an economy. They include :
A. Reduction of taxes - this increases disposable income and increases consumer spending which increases money supply.
B. Increased government spending- this is when government increases its spending usually on public projects.
2. Contractionary fiscal policy are policies that reduces the money supply in an economy. They include:
A. Increase in taxes- an increased tax reduces disposable income and money supply in an economy.
B. Reduced government spending - reduced government spending reduces money supply.
Monetary policy is policy controlled by the Federal Reserve.
I hope my answer helps you.
