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nordsb [41]
3 years ago
12

As a result of cash flow shortages, Washington Department Stores has fallen behind in payments to suppliers. Some suppliers are

withholding shipments to Washington until they receive payments on overdue accounts. To meet their immediate needs, Washington Department Stores should utilize: A) vulture capital B) long-term financing. C) contingency capital. D) short-term financing.
Business
1 answer:
xenn [34]3 years ago
7 0

Answer:

The correct answer is letter "D": short-term financing.

Explanation:

Short-term financing allows companies to obtain capital for their <em>day-to-day operations</em>. The funds obtained are typically used for the transactions companies require during one period -one year, but the term for payment tends to be within six (6) to twenty-four (24) months. Under this scenario, the main purpose of firms is to keep their businesses up and running and obtain profits enough for the payment of the loan and reinvestment in the company.

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One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes resul
Shalnov [3]

Answer:

taxing those with higher incomes results in less work effort.

Explanation:

In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.

Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.

The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;

I. The only thing with an intrinsic value is pleasure or happiness.

II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).

III. The happiness of everyone in a group or society should count equally.

One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.

7 0
2 years ago
The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc. Account Title Debits Credits Cas
wel

Answer:

a. Current Ratio is 4.33 times

b. Acid Test Ratio is 2.49 times                                            

c. Debt Equity Ratio is 1.52 times

Explanation:

a. Current Ratio : In this ratio, it shows a relationship between current asset and current liabilities.  

So, Current ratio = Current Assets ÷ Current liabilities

where current assets = Cash + Accounts receivable + Inventories + Prepaid insurance

So, current assets = $74,000 + $58,000 + $ 64,000 + $34,000 = $230,000

And, Current liabilities = Accounts payable + Interest payable + notes payable

So, current liabilities = $21,500 + $11,500 + $20,000 = $53,000

Now apply these amounts to above formula

= $230,000 ÷ $53,000

= 4.33 times

Hence, Current Ratio is 4.33 times

 b. Acid test Ratio : In this ratio, it shows a relationship between quick asset and current liabilities.  

So, Acid Test ratio = Quick Assets ÷ Current liabilities    

where quick assets = Cash + Accounts receivable

                                  = $74,000 + $58,000

                                  = $132,000

And, Current liabilities = Accounts payable + Interest payable + notes payable

So, current liabilities = $21,500 + $11,500 + $20,000 = $53,000

Now apply these amounts to above formula

= $132,000 ÷ $53,000

= 2.49 times

Hence, Acid Test Ratio is 2.49 times                                            

c. Debt Equity Ratio : The debt equity ratio shows a relationship between total debt and total equity of the firm. It helps to calculate the profitability of the company.  

Where total debt includes accounts payable, interest payable, notes payable etc and total equity includes common stock, retained earnings, etc.  

So, The formula to compute debt equity ratio  

= Total debt ÷ Total Equity  

where,  

Total debt = Accounts payable +  interest payable + notes payable

                 = $21,500 + $11,500 + $200,000

                 = $233,000

And total Equity = Common stock + retained earnings

                          = $89,000 + $64,000

                          = $153,000

So, debt equity ratio = $233,000 ÷ $153,000

                                  = 1.52 times

7 0
3 years ago
During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60
allsm [11]
During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60 percent, 20 percent, and 20 percent, respectively. assuming that the cash distribution referred to was made properly, how much would g receive if an additional $60,000 was distributed?
<span>$12,000</span>
8 0
3 years ago
Is the amount of money you need to deposit now to attain a desired amount of money in the future.
s2008m [1.1K]

Answer:

C

Explanation :

D

3 0
3 years ago
Which of the following statements about Six Sigma programs is false?
egoroff_w [7]

Answer:

E. When performance of an activity or process reaches "Six Sigma quality," there are not more than ten defects/errors per million iterations

Explanation:

Six sigma is a quality management practice aimed at improving processes, products, and services by identifying and removing defects. Process streamlining and elimination of defects in business and manufacturing is the aim of Six Sigma.

The allowable defects in when a process reaches Sigma Six quality is 3.4 defects per 1 million iterations.

So the statement - When performance of an activity or process reaches "Six Sigma quality," there are not more than ten defects/errors per million iterations.

Is false

8 0
3 years ago
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