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Dima020 [189]
3 years ago
13

Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash $187000 Accounts payab

le $208000 Accounts receivable 150000 Salaries and wages payable 26500 Inventory 152000 Mortgage payable 226500 Prepaid insurance 88400 Total liabilities $461000 Stock investments (long-term) 273000 Land 269000 Buildings $314000 Common stock $390900 Less: Accumulated depreciation (60000) 254000 Retained earnings 731500 Goodwill 210000 Total stockholders' equity $1122400 Total assets $1583400 Total liabilities and stockholders' equity $1583400
Business
1 answer:
34kurt3 years ago
4 0

Answer: 2.46: 1

Explanation:

The Current ratio is used to determine if the current assets of a business can be used to pay off its current liabilities.

Current Ratio = Current assets / Current Liabilities

Current Assets = Cash + Accounts receivable + Inventory + Prepaid insurance

= 187,000 + 150,000 + 152,000 + 88,400

= $‭577,400‬

Current Liabilities = Accounts payable + Salaries and wages payable

= 208,000 + 26,500

= $‭234,500‬

Current ratio

= 577,400/234,500

= 2.46

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How many european union countries use the euro as their official currency?
BlackZzzverrR [31]

Answer:

19

Explanation:

The euro is the sole currency of 19 EU member states: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

6 0
4 years ago
Majid Corporation sells a product for $140 per unit. The product's current sales are 41,200 units and its break-even sales are 3
Andru [333]

Answer:

the margin of safety in dollars is $1,236,200

Explanation:

The computation of the margin of safety in dollars is shown below:

= Total sales - break even sales

= (41,200 units - 32,370 units) × $140 per unit

= $1,236,200

We simply deduct the break even sales from the total sales so that the margin of safety in dollars come

Hence, the margin of safety in dollars is $1,236,200

7 0
3 years ago
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, $152,000 in the common stock account,
elixir [45]

Answer:

Follows are the solution to this question:

Explanation:

Formula:

\text{Asset cash flow = creditors cash flow + equity cash flow}\\\\ \text{creditors cash flow = payment of interest-net new loans}\\\\ \text{Cash flow to lenders = interest charged}-( LTD_{end}-LTD_{beg}) \\

\text{Cash flow} =100000 -(1700000- 1460000) = - \$ 140,000 \\

\text{Shareholder cash flow = paid dividends-net new shares} \\\\\text{Cash flow = interest paid - (Common} + APIS_{end})- \text{(Common +} APIS_{beg}))\\\\

\text{Cash flow to the inventory holders}=  157000 -(162000 +3070000))-(152000+2770000) = - \$ 5997000

\text{Asset cash flow = - \$ 6,137,000}

6 0
3 years ago
Karen has always been passionate about fashion, so she went to fashion school to learn more about it and opened her own clothing
Alina [70]

Answer:

intrinsic reward

Explanation:

In the context of business, it can be said that in this scenario Karen is experiencing what is known as an intrinsic reward. This term refers to rewards that come from within the individual, in other words the satisfaction that they are feeling or the way they perceive meaning in the work that they do. Which in this case the intrinsic rewards that Karen is experiencing is the deep satisfaction when doing her job and finding new styles for her store.

3 0
4 years ago
To prevent monetary policy from becoming highly politicized, many countries have A. made their central banks be politically inde
ladessa [460]

Answer:

The correct answer is letter A. They made their central banks politically independent.

Explanation:

Central banks have become independent in developed countries due to their macroeconomic stability. Thus, to maintain it, the independence of the Central Bank was adopted, and this measure would have greater control of the issuance of money by the government to finance its spending. In this sense, the independence of the Central Bank removes the influence of parliament from monetary policy decisions, and also removes the influence on managers, with parliament only overseeing, making management more technical.

3 0
3 years ago
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