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Stella [2.4K]
3 years ago
10

The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000

, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2
Business
1 answer:
Sedbober [7]3 years ago
8 0

Answer:

company can value of $190909.1

Explanation:

Given data:

current assets = $1,312,500

current liabilities =  $525,000

initial inventory level is $380,000

current ratio = 2.2

current liabilities is calculated as = \frac{Current/ Assets}{current/ ratio}

plugging all value  in above relation

current liabilities= \frac{1312500}{2.2}

current liabilities = $ 596590.90

and we know  current liabilities is  $525,000. Thus company can value of $190909.1

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Not using service if part of law is violated.

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3 years ago
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
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Results are below.

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Giving the following information:

Sales in Units

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June 94,000

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Total= 58,200 units

<u>May:</u>

Sales= 75,000

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Total= 78,800 units

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4 0
3 years ago
A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the
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Answer:

The answer is "Option D".

Explanation:

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The Retreat (Scenario)
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<em>d. adjourning </em>

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