1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nlexa [21]
3 years ago
11

Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700.

If inventory is $173,900, what is the current ratio?
Business
1 answer:
sleet_krkn [62]3 years ago
5 0

Answer:

Current Ratio=1.93518

Explanation:

Current\ Ratio=\frac{Current\ Assets}{Current\ Liabilities}

Calculating Current Assets:

Current Assets=Total assets-Net fixed assets

Current Assets=$537,800- $412,400

Current Assets=$125,400

Current Liabilities=Total debt- Long-term debt

Current Liabilities=$388,700- $323,900

Current Liabilities=$64,800

Current Ratio=\frac{\$125,400}{\$64,800}

Current Ratio=1.93518

You might be interested in
The hr manager told jim that the company pays the total health insurance costs for a family of four. as a single man, this benef
Nimfa-mama [501]
The answer to this question is "VALENCE" such as when the HR Manager told Jim that the company pays the total health insurance costs for a family of four and as a single man, this benefit did not seem especially important and significant to him right now. Here, then Jim is a low on the valence element of the expectancy theory.
4 0
3 years ago
A stadium's normal ticket price is $90. If the special promotional price for the ticket is $81, what percentage discount was bei
algol13

Answer:

10%

Explanation:

if you do 10% off of 90$ you get 81$

8 0
2 years ago
Laverne purchased a new piece of equipment to be used in its new facility. The $355,000 piece of equipment was purchased with a
Radda [10]

Answer:

Yr. amount Interest payment balance

1. 319,500 22365. (77923). 263,942

2. 263,942.18,476. (77,923). 204,495

3. 204,495 14315. (77923). 140,887

4. 140,887. 9862 (77923). 72,826

5. 72826. 5098. (77,923). 1

Explanation:

The interest charge is on the total amount due at the end of the year which is assumed to have been made available to the debtor, the annual payment is deducted from the addition of interest and principal due and the balance due is brought forward to be defray in subsequent years. The balance is expected to show zero but the balance of one shown is a roundup error.

8 0
3 years ago
1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prep
Nat2105 [25]

Answer:

Cost of goods manufactured= $3,120

COGS= $2,750

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Cost of goods manufactured:

beginning WIP= 0

direct materials= 2,200

Direct labor= 1,000

Factory overhead= 520

Ending work in process= 600

Cost of goods manufactured= $3,120

<u>Now, we can determine the cost of goods manufactured:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 3,120 - 370

COGS= $2,750

4 0
3 years ago
Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You will finance the remainder w
postnew [5]

Answer:

$819.98

Explanation:

After making downpayment, the remaining amount is $145,000 - 15000 = $130,000

Using financial calculator:

PV = 130,000

n = 30 years = 360 months

i/r = 6.5%/year = 0.54% / month

FV = 0

PMT = ? (Monthly payment = ?)

--> Monthly payment = $819.98

5 0
3 years ago
Other questions:
  • Business K exchanged an old asset (FMV $95,000) for a new asset (FMV $95,000). Business K’s tax basis in the old asset was $107,
    11·1 answer
  • When the cost and benefits of a policy are narrowly concentrated, they ar?
    9·1 answer
  • Which of the following is NOT true? Group of answer choices A call option gives the holder the right to buy an asset by a certai
    8·1 answer
  • Some nations have traditionally been in poverty from one generation to the next, relying on tradition rather than experimenting
    12·1 answer
  • The following lots of a particular commodity were available for sale during the year:Beginning inventory 10 units at $60First pu
    13·1 answer
  • To utilize sophisticated _________ segmentation, the marketing must know more than age, race and gender about the target market.
    15·1 answer
  • The Global Capsule in Chapter 5 says perhaps the best variable to monitor and to use to decide where to begin doing business is
    14·1 answer
  • Vicarious liability is direct liability. <br> a. True <br> b. False
    10·1 answer
  • Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The
    15·1 answer
  • 100 points
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!