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kirill [66]
3 years ago
5

Harrisonburg Company had current and total assets of $470,000 and $1,000,000, respectively. The company’s current and total liab

ilities were $267,000 and $600,000, respectively. Calculate the amount of working capital and the current ratio using this information. (Round your current ratio answer to 2 decimal places.)
Business
1 answer:
yaroslaw [1]3 years ago
4 0

Answer:

Working Capital= $203,000

Current ratio= 1.7603

Explanation:

Working capital is the liquid assets that are available to a business for the day-to-day operations. It is calculated by getting the difference between current assets and current liability.

Current asset= $470,000

Current liabilities= $267,000

Working capital = Current Assets - Current Liabilities

Working Capital= 470,000-267,000

Working Capital= $203,000

Current ratio is a liquidity ratio that measures a business's ability to pay it's short term liabilities.

Current ratio= Current Assets/ Current Liabilities

Current ratio= 470,000/ 267,000

Current ratio= 1.7603

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The Wood Valley Dairy makes cheese to supply to stores in its area. The dairy can make 344 pounds of cheese per day (359 days pe
djyliett [7]

Answer:

the minimum total annual cost is $3,372.58

Explanation:

<em>Step 1 Calculate the the Optimum Batch Size for Production run</em>

OBS = √(2×Total demand×Set-up Costs)/Holding Cost per unit

       = √(2×59×359×$266)/$1.01

      =   3341

<em>Step 2 Calculate the minimum total annual cost</em>

Total costs = Set up costs + Carrying Costs

<em>                    </em>= (59×359)/3341 × $266 + 3341/2×$1.01

                   = $1,686.37 + $1,687.21

                   = $3,372.58

6 0
4 years ago
A large law firm uses an average of 40 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling cost
Drupady [299]

1. Ordering 204 boxes will minimize the sum of annual ordering and carrying costs

2. Total cost will be $6118.82

3. Yes,annual ordering and carrying costs always equal at the EOQ.

<u>Explanation</u>:

D = 40 boxes per for 260 days

   = 40 \times 260 = 10400 boxes

S = $60

H = $30

1.  Q = \sqrt{\frac{2DS}{H} }

        = \sqrt{\frac{2 \times 10400 \times 60}{30} }

        = 203.96

Q = 204 boxes

2. TC = \frac{Q \times H}{2} + \frac{D \times S}{Q}

           = \frac{204 \times 30}{2} + \frac{10400 \times 60}{204}

            = 3060 + 3058.82

TC= $6118.82

7 0
3 years ago
Your paycheck could likely satisfy which of the following needs identified by Maslow?
uysha [10]

Answer:

The correct answer is letter "C": safety needs.

Explanation:

American psychologist Abraham Maslow (1908-1970) proposed the Hierarchy of Needs often portrayed as a pyramid with five layers each one representing a need. According to Maslow, individuals cannot look for the satisfaction of other needs as long as the most basic needs are fulfilled first. Those needs are <em>physiological needs, safety needs, love </em>and <em>belonging, esteem, self-actualization. </em>

<em>On the second layer, we find the </em>safety needs<em> related to the satisfaction of personal security, employment, resources, health, and property needs. Thus, people's paychecks represent safety needs in Maslow's Hierarchy of needs.</em>

5 0
4 years ago
Which is a correct statement regarding sandwich prices,<br><br> based on the histogram?
Fudgin [204]

Answer:

Which is a correct statement regarding sandwich prices, based on the histogram? The distribution of sandwich prices is skewed left.

i hope this helps<3 :)

4 0
3 years ago
The Closed Fund is a closed-end investment company with a portfolio currently worth $260 million. It has liabilities of $2 milli
attashe74 [19]

Answer and Explanation:

The computation is given below:

NAV = (Total value - Liabilities) ÷ Number of shares outstanding

= ($260M - $2M) ÷ 6M

= $258M ÷ 6M

= $43

b. The premium or discount is  

= (Market price - NAV) ÷ NAV

= ($40 - $43) ÷ $43

= -$3 ÷ $43

= -0.06976 or -6.98%

So here the fund should be sold at 6.98% discount

4 0
3 years ago
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