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
Cloud [144]
3 years ago
15

The Shoe Store has cash of $300, accounts receivable of $700, accounts payable of $800, inventory of $1,300, long-term debt of $

1,900, and notes payable in three months of $500. What is the current ratio?
Business
1 answer:
Yakvenalex [24]3 years ago
5 0

Answer:

Current ratio = 1.77

Explanation:

given data

cash = $300

accounts receivable = $700

accounts payable = $800

inventory = $1,300

long-term debt = $1,900

notes payable 3 months = $500

solution

first we get here Current Assets that is

current assets  = $300 + $700 + $1300

current assets = $2300  

and now we get current liabilities that is

current liabilities  = $800 + $500

current liabilities  = $1300

so now we get Current ratio that is

Current ratio = \frac{2300}{1300}

Current ratio = 1.77

You might be interested in
Ivy orally agrees to buy a unique collection of sports memorabilia for $10,000 from Jess and sends $2,500 as an initial payment.
kow [346]

Answer:

D. specific performance.

Explanation:

Specific performance -

It is the act or the order by the court , in order to solve an any conflict for the law of contract .

This is basically used to solve any issue related to land , property or any goods or services , this practice is used in case of any personal service .

It helps the people to against any form of injustice or malpractice .

It is a form of forced action , which helps with some previous transaction , and is one of the best remedy for the problem .

6 0
3 years ago
Business professionals value workplace relationships and professional behavior; therefore, it is vital to understand the charact
____ [38]

Answer: <em>Polish, Civility and Social Intelligence </em>

Explanation:

The following are the synonyms for the professional behavior: Civility, Polish and Social Intelligence. Social intelligence is referred to as or known as the capacity of an individual to know himself/herself and other individual.  Civility is referred or as known as the civilized conduct  i.e. considered to be a polite act or an expression .

6 0
3 years ago
Dividends-R-Us, Corp. is paying a dividend of $3 a share today. It is expected that the company will continue its policy of incr
leonid [27]

Answer:

Amount for each stock to be paid at maximum = $54

Explanation:

Using Dividend growth model, we have,

P_0 = \frac{D_1}{K_e - g}

Where P_0 = Expected price of share today

D_1 = Dividend to be paid at this year end

= D_0 + g

K_e = Required return on investment

g = Growth rate

Therefore,

D_1 = = $3 + 8% = $3.24

P_0 = \frac{3.24}{0.14-0.08}

P_0 = $54

Therefore, current price for this share or sock to be paid = $54 per share.

5 0
3 years ago
Gruber Corp. pays a $9 dividend on its stock. The company will maintain this dividend for the next 3 years. In year 4, the divid
stealth61 [152]

Answer:

Share price Today = $172.574

Explanation:

Using dividend growth model we can compute price of share after 3 years,

As follows:

P_3 = \frac{D_4}{K_e - g}

Where P3 = Price at end of year 3

D4 = Dividend at end of year 4 = $10

Ke = Cost of return = 10%

g = growth rate = 5%

P3 = \frac{10}{0.10-0.05} = $200

Now, we have

Year    Dividend or price        Present value factor          Present Value

1                     $9                                0.909                                $8.181

2                    $9                                0.826                                $7.434

3                    $9                                0.751                                  $6.759  

3                    $200                           0.751                                  $150.20

Net Present value of share today = $172.574

3 0
4 years ago
Which of the following fees would likely be the highest? AOverdraft fee BAccount transfer fee CMonthly service fee D
slamgirl [31]
A. overdraft fees would likely be the highest. you could buy something for $5 and go negative and banks would charge you way more than $5
8 0
3 years ago
Other questions:
  • The automatic ticket machines at a railroad station are programmed to ask every 7th ticket buyer on a given day if they would bu
    11·1 answer
  • If the price of a pack of post it notes increases from $2.00 to $2.80 and as a result quantity demanded falls from 160 to 80 uni
    6·1 answer
  • Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5. The current year per-unit prices of
    10·1 answer
  • An increase in demand for "green-certified" products will ________ a firm's economic profit, and the increase in costs to have a
    13·1 answer
  • What type of business is the easiest to start up?
    14·2 answers
  • You probably own several pairs of blue jeans. Further, it is highly likely you purchased those jeans at retail stores located in
    5·2 answers
  • Which characteristic does monopolistic competition NOT have in common with perfect competition?
    8·1 answer
  • Which of the following statements is generally true about arbitration? Group of answer choices Courts may set aside an arbitrati
    7·1 answer
  • But im like were is my boo
    14·2 answers
  • Antonio lives in New York City and runs a business that sells guitars. In an average year, he receives $723,000 from selling gui
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!