Back-office operations deal directly with the customer. true false

The most recent data from the annual balance sheets of N&B Equipment Company and Jing Foodstuffs Corporation are as follows:

lilavasa [31]

Answer: N&B Equipment Company:

Current ratio = 1.33

Quick ratio = 0.746

Jing Foodstuffs Corporation:

Current ratio = 1.65

Quick ratio = 0.928

Explanation:

For N&B Equipment Company:

$Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}$

$Current\ Ratio=\frac{900}{675}$

= 1.33

$Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}$

$Quick ratio=\frac{900 - 396}{675}$

= 0.746

For Jing Foodstuffs Corporation:

$Current\ Ratio=\frac{Current\ Assets}{Current\ liabilities}$

$Current\ Ratio=\frac{1,400}{844}$

= 1.65

$Quick ratio=\frac{Current\ Assets - Inventory}{Current\ Liabilities}$

$Quick ratio=\frac{1,400 - 616}{844}$

= 0.928

8 0

3 years ago

All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______

mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

5 0

3 years ago

An investor has $50,000 in cash to put a $5,000 down payment on 10 different homes valued at $50,000 each and will finance the r

scZoUnD [109]

Answer:

d. leverage

Explanation:

Leverage -

It is a type of investment strategy , where the borrowed money is used .

It is the method by which the firm or an organisation is expanded by using the borrowed money as the capital and funding , is referred to as leverage .

Hence , from the given scenario of the question,

The person uses borrowed money to increase the potential return of an investment .

Hence , from the question,

The correct term is leverage .

3 0

3 years ago

A corporation is issuing 5,000,000 shares of stock at a public offering price of $13 per share. The manager of the underwriting

pentagon [3]

Answer:

$12.20 per share for a total of $61,000,000

Explanation:

Calculation to determine how much will the managing underwriter's fee will total:

First step is to calculate the underwriting risk. Amount

Underwriting risk=($0.65 - $0.40)

Underwriting risk=$0.25

Second step is to calculate The total spread is

Total spread=($0.15+ $0.25 +$0.40 )

Total spread=$0.80

Now let determine the amount The issuer will receive and the Total

Amount received = ($13.00 - $0.80)

Amount received=$12.20 per share

Total= ($12.20 x 5,000,000 shares)

Total = $61,000,000

Therefore When the issue is completely sold, the managing underwriter's fee will total:$12.20 per share for a total of $61,000,000

8 0

3 years ago

Economics

nignag [31]

Answer:

it would be harder to get electricinans because it costs more

Explanation:

6 0

3 years ago

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