Would a macroeconomist be interested in how individual consumers respond to an increase in taxes on gasoline?

Refer to the following selected financial information from Dodge Company. Compute the company's acid-test ratio. Cash $ 42,250 S

Vikki [24]

Answer:

company's acid-test ratio is 1.63. Option e

Explanation:

Acid test ratio is similar to current ratio. However, current assets difficult to liquidate such as inventory are usually not included in the total current asset computation

Given,

Cash = $ 42,250

Short-term investments = 60,000

Accounts receivable, net = 79,500

Merchandise inventory = 115,000

Prepaid expenses = 9,700

Accounts payable = 111,400

Acid test = (42250 + 60000 + 79500 + 9700)/111400

= 181750/111400

= 1.63

Option e.

8 0

3 years ago

On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporati

Whitepunk [10]

Answer:

The amount of total assets of Kirk Corporation at the end of the month is $ 871,400

Explanation:

Total assets at January 1 = $864,000

Equipment purchased = $ 7,400

Supplies purchased = $ 3,640

Cash paid for supplies = $ 3,640

Cost of land sold = $16,400

Cash received from Land sold = $16,400

Therefore total amount of cash out = $ 16,400 + $3,640 = $ $20,040

Total amount of cash in = $ 7,400 + $ 3,640 + $16,400 = $27,440

Amount of total assets at the end of the month = $864,000 + $27,440 - $20,040 = $ 871,400

4 0

3 years ago

Crystal Industries is considering an expansion project with cash flows of -$287,500, $107,500, $196,100, $104,500, and-$92,700 f

GaryK [48]

Answer:

E. Yes: The MIRR is 9.13 percent.

Explanation:

<em>The First Step is to Calculate the Terminal Value at end of year 4. </em>

Terminal Value (FV) = Sum of (PV x (1 + r) ^ 5 - n)

= $107,500 x (1.134) ^ 3 + $196,100 x (1.134) ^ 2 + $104,500 x (1.134) ^ 1 + -$92,700 x (1.134) ^ 0

= $156,764.47 + $252,175,97 + $118,503 - $92,700

= $434,743.44

<em>The Next Step is to Calculate the MIRR using a Financial Calculator : </em>

- $287,500 CFj

0 CFj

$434,743.44 CFj

Shift IRR/Yr 9.13%

Therefore, the MIRR is 9.13% .

4 0

2 years ago

If employees are bonded Group of answer choices they have worked for the company for at least 10 years. it means that they are n

Solnce55 [7]

Answer: The correct answer is : they have been insured against misappropriation of assets.

Explanation: The employee relationship is an agreement, of fidelity, in which the insurance company guarantees the payment of a defined sum in the event that the employee who is covered by the insurance, causes financial losses to the employer.

6 0

3 years ago

Andrea davis plans to invest $600 into a money market account. find the interest rate that is needed for the money to grow to $1

Anna35 [415]

Answer:

The interest rate is 5.2%

Explanation:

A = Pe^rt

A = $1240

P = $600

t = 14 years

1240 = 600e^14r

e^14r = 1240/600 = 2.067

e^14r = 2.067

14r = ln 2.067

14r = 0.726

r = 0.726/14 = 0.052 = 5.2%

6 0

3 years ago