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Gemiola [76]
3 years ago
6

Q 2.29: Val-Tek has current assets of $1,700,000 and current liabilities of $900,000. If they pay $100,000 owed to a creditor, w

hat will their new current ratio be?
Business
2 answers:
irina1246 [14]3 years ago
3 0

Answer:2 : 1

Explanation:

current ratio = current asset/current liability

If current liability was $900,000 less $100,000= $800,000

Therefore the current ratio=

$1,700,000/$800,000 =

2 : 1

KengaRu [80]3 years ago
3 0

Answer: The new current ratio is 2.125.

Explanation: The current ratio is expressed as current assets divided by current liabilities. If the company pays $100,000 due to creditors, it means the current liabilities would reduce to $800,000 ($900,000 minus $100,000). Therefore, the new current ratio will be $1,700,000 divided by $800,000 to give 2.125.

The ratio is one of the types of liquidity ratios. It is usually used to know by what extent the company can maximize the use of its current assets to settle obligations falling due within a year.

The result therefore means the company has twice the buffer to settle its obligations falling due within a year, even after paying $100,000 to its creditors.

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AP Kelly Jones and Tami Crawford borrowed $15,000 on a 7-month, 8% note from Gem State Bank to open their business, JC's Coffee
Gnom [1K]

Answer:JC Coffee house journal$

Date

a. June 1 2022

Bank Dr. 15,000

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Narration. Acquisitions of $15,000, 8%, 7c months loan.

b. June 30, 2022

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Interest on loan for the month of June

C. Interest as at December 31 2022

8% * $15,000*7

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3 0
3 years ago
Iceberg Storage, a leading hard drive manufacturer, recently filed for bankruptcy. While most of Iceberg's competitors were shif
katen-ka-za [31]

Answer:

The correct answer is the option D: path dependence.

Explanation:

To begin with, the concept called as <em>''path dependence''</em> in the field of management and economics, is known for refering to the situation where the past decisions of a person affects the current situation that the person is going through and therefore it is said that the dependence is in the path that the person choose.

To sum up, the scenario illustrated in the case of Iceberg Storage relates to a case of path dependence due to the fact that its managers decided to invested in something that the competitors did not and therefore to take risks knowing that a possible damage can occur in the future, and eventually it did.

8 0
3 years ago
Read 2 more answers
Which of the following is true of a person with a high credit score?
dsp73
Your credit score is used as indicator of your creditworthiness. This means how likely you are to pay off debts and other financial obligations. A person with a high credit score should have a high credit worthiness, or likelihood to be responsible with credit.

A person who pays bills on time has demonstrated that she takes her financial obligations seriously, and this trait positively affects her credit score. The answer is A. 

B and C would most likely be associated with a person with a low credit score, since they demonstrate lower creditworthiness. 
5 0
3 years ago
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Explain the difference between a credit and a debit cards; weighing the pros and cons of both.
Katena32 [7]
Credit cards allow you to buy goods and services with credit and if you go over the credit limit you’ll be charged an overdraft fee but with debit cards you can connect the money you earn from your job to the card and spin the money on the card but when the money is gone you have to wait till next paycheck to spend more but they will not be an overdraft fee also credit cards can affect your ability to be approved for loans and pay house mortgages if your credit score is bad meaning you don’t have a good history of paying your bills on time it will make it hard for you to apply for car loans in house mortgages
7 0
2 years ago
On the basis of the research it has gathered on consumer perceptions, the tests it has conducted, and competitive considerations
Amanda [17]

Answer:

1) the product launch

Explanation:

The product launch process is referred to the systematic research and planning by which it could be ensured that costumers will receive a new product positively.

In this case, XYZ firm has been hired to develop market research to confirm the target market of the product and hot it will be positioned in it.

6 0
3 years ago
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