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RoseWind [281]
3 years ago
8

There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from J

anuary 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared.At December 31, 2021, the current ratio was:_______.
A. 3,126 ÷ 696.
B. 1,500 ÷ 420.
C. 4,450 ÷ 546.
D. 3,126 ÷ 546.
Business
1 answer:
stira [4]3 years ago
8 0

Answer:

A. 3,126 ÷ 696.

Explanation:

If we assume that the preferred dividends for the current year have not been declared. At December 31, 2021, the current ratio was: <u>3,126 ÷ 696</u>.

Which is gotten by the values: Current Assets / Current Liabilities.

In the question on Ramirez Corp, The relevant values for current assets and current liabilities will be: (Cash + Account Receivables + Inventories) / (Accounts Payable + Income Tax Payable + Miscellaneous Accrued Payable)

Therefore Current Ratio = (200,000 + 1,300,000 + 1,626,000) / ( 420,000 + 126,000 + 150,000) = 3,126 / 696

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Jim and Allison both scored in the bottom 20% of IQ tests; however, Jim went on to complete a 4-year college degree, whereas Ali
LekaFEV [45]

Answer:

Jim will earn more money than Allison.

Explanation:

The average salary for someone with a 4 year college degree is $51,000 (2019), that doesn't mean that Jim will earn that money, he might earn more or less, but it is a useful parameter. The average salary of someone who just finished high school is $28,000 (2019).

If we compare both average national salaries, we can assume that Jim will earn much more than Allison.

5 0
3 years ago
A lease calls for a minimum rent of $2800 per month plus 4% of annual gross sales in excess of $500,000. What is the annual rent
bonufazy [111]

Answer:

The annual rent is $42,620

Explanation:

The computation of annual rent is shown below:

= Annual rent + (rate × gross sales)

where,

The annual rent is

= Monthly rent × total number of months in a year

= $2,800 × 12

= $33,600

The rate is 4%

The excess gross sales is computed by

= Annual gross sales - gross sales

= $725,500 - $500,000

= $225,500

Now put these values to the above formula

So, the answer would be equal to

= $33,600 + (4% × $225,500)

= $33,600 + $9,020

= $42,620

Hence, the annual rent is $42,620

8 0
3 years ago
Which of the following statements is CORRECT?
Mamont248 [21]

Answer: c. If their maturities and other characteristics were the same, a 5% coupon bond would have more price risk than a 10% coupon bond.

Explanation:

Price risk of a bond is the risk that the bond changes price or rather the degree of price volatility. Bond prices change in reaction to market interest rates with higher rates meaning lower prices and lower rates meaning higher prices.

When the market interest rates rise above the Coupon on a bond, the bond price will fall below par and when the interest rates are below the coupon, the bond will be above par.

A 5% coupon bond will be more prone to changes in prices because market interest rates are generally low and fluctuate below 10% which means that they will affect the 5% bond more than the 10% because there are better chances of rates rising above or falling below 5% than there are of 10%.

4 0
2 years ago
Each individual must make choices because A. wants are sometimes mixed up with needs. B. resources are limited and therefore can
77julia77 [94]

Answer:

The correct answer is letter "B": resources are limited and therefore cannot satisfy​ one's many competing wants.

Explanation:

Scarcity is the main problem in economic by which people have unlimited needs but finite resources to satisfy them. As a result, individuals must make tradeoffs to sacrifice part of the satisfaction of a need, to satisfy part of another need. Scarcity pushes people to make rational decisions to maximize their returns.

7 0
3 years ago
‘A person starts a business venture because he lost his job’. Which form of entrepreneur is he.
irakobra [83]

Answer:

sole trader

Explanation:

couse he is running as well as managing his business..i hope that's it..

3 0
2 years ago
Read 2 more answers
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