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pav-90 [236]
3 years ago
9

All Wet Water Softener Systems has Cash of $400?, Accounts Receivable of $1,000?, and Office Supplies of $600. All Wet owes $300

on Accounts Payable and has Salaries Payable of $100. All Wet?'s current ratio is
A. 2.00

B. 0.20

C. 0.71

D. 5.00
Business
1 answer:
DanielleElmas [232]3 years ago
7 0

Answer:

D. 5.00

Explanation:

The calculation of current ratio is given below :-

Current Ratio = Current Assets ÷ Current Liabilities

where,

Current Asset = cash + account receivable + office supply

= $400 + $1000 + $600

= $2,000

and the Current Liabilities is

= Account payable + salary payable

= $300 + $100

= $400

So, the current ratio is

= $2,000 ÷ $400

= 5 times

You might be interested in
Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000. During Year 1, Polk earned $40,000 and pa
KiRa [710]

Answer:

$7,500

Explanation:

Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000.

During Year 1, Polk earned $40,000 and paid dividends of $25,000.

Therefore Lee's dividend income = 0.3 x 25,000 = $7,500

Before income taxes, the amount that Lee should include in its Year 1 Income Statement as a result of the investment will be the dividend earned in year 1 which is $7,500

5 0
3 years ago
Whipple Corp. just issued 260,000 bonds with a coupon rate of 5.90 percent paid semiannually that mature in 25 years. The bonds
castortr0y [4]

Answer:

Amount raised = $236,027.47  

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

The value of bond for Whipple Corp can be worked out as follows:

Step 1  

PV of interest payments

Semi annul interest payment  

= 5.6% × 2000 × 1/2 = 56

Semi-annual yield = 6.34%/2 = 3.17 % per six months

Total period to maturity (in months)

= (2 × 25) = 50 periods

PV of interest =  

56 × (1- (1+0.0317)^(-50)/0.0317)= 1395.49

Step 2  

PV of Redemption Value

= 2000 × (1.0317)^(-50)

= 420.105

Price of bond

= 1395.49 + 420.10

= $1815.60

The amount raised = price per bonds× Number of unit

= $1815.595× 260,000/2000=  $236,027.47  

Amount raised = $236,027.47  

7 0
3 years ago
3. Simone is a marketing consultant hired to review the product sales for a new high-end barista machine line. The product line
quester [9]

Answer:

heat map

Explanation:

The map that Simone will use will be a Heat map, which is a graph that uses colors for the understanding of the information, that is, according to the color suggested by the map, it is possible to identify patterns that are desired, as in the case of the question above, where each variation sells best and in which regions.

In the heat map, each color corresponds to a value, and this tool is widely used in digital marketing, for understanding customer behaviors on websites, for example.

4 0
3 years ago
Residents of poor countries tend to have fewer automobiles per capita because Group of answer choices lower per capita real gros
Fantom [35]

Answer:

lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Generally, the Gross Domestic Products (GDP) of a country's economy gives an insight to the social well-being of the country, such as;

Adjusting the Real gross domestic product (Real GDP) for price level changes by using a price index. This simply means, Real GDP is adjusted for inflation to measure the value of goods and services produced by a country in a specific period of time.

Mathematically, {Real GDP}=\frac{\text{Nominal GDP}}{\text{GDP deflator}}

Hence, residents of poor countries tend to have fewer automobiles per capita because lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

4 0
3 years ago
What do we call the principle that costs of production will increase by the inefficient reallocation of specialized resources fo
Harlamova29_29 [7]

Answer:

the law of market regulation

Explanation:

i did this in my business class

8 0
3 years ago
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