All categories

3 years ago

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.

Business

1 answer:

Lelechka [254]3 years ago

8 0

Answer:

a. Current ratio = current assets / current liability

2018 = 276,942 / 232,631 = 1.19

2019 = 336,199 / 331,302 = 1.01

b. Quick ratio = (current assets - inventory) / current liabilities

2018 = (276,942 - 126,088) / 232,631 = 0.65

2019 = (336,199 - 192,061) / 331,302 = 0.44

c. Cash ratio = (cash + cash equivalents) / current liabilities

2018 = 45,262 / 232,631 = 0.19

2019 = 57,602 / 331,302 = 0.17

d. Debt-equity ratio = debt / equity

2018 = 515,942 / 374,636 = 1.38

2019 = 511,949 /408,931 = 1.25

equity multiplier = assets / equity

2018 = 890,578 / 374,636 = 2.38

2019 = 920,880 /408,931 = 2.25

e. Total debt ratio = debt / assets

2018 = 515,942 / 890,578 = 0.58

2019 = 511,949 / 920,880 = 0.56

You might be interested in

Help i'm desperate time is tight

ioda

C is the correct answer

6 0

3 years ago

Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergen

Svet_ta [14]

You lose your cellphone

6 0

3 years ago

Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct m

Anastaziya [24]

Answer:

Efficiency variance = $851 favorable

Explanation:

Variable overhead efficiency variance: A variance is the difference between a standard cost and the actual cost. Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.

Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance

To calculate this variance, we do as follows:

Hours

4,700 should have taken(4,700 × 0.70 hrs) 3,290

but did take (i.e actual hours) 480 3,060

Efficiency variance in hours 70 unfavorable 230 favourable

Standard variable overhead rate × $3.70

Efficiency variance   851 

Efficiency variance = $851 favorable

 

7 0

3 years ago

The CEO from headquarters has just arrived. You make some opening comments and she replies, "I'm glad to be here. I look forward

ddd [48]

Answer: Incongruent communication

Explanation: In simple words, incongruent communication refers to the type of communication in which the non verbal actions of the communicator does not match with what exactly he or she is conveying verbally.

Such kind of message confuses the receiving end party as how he or she should understand and accept the message.

In the given case, the CEO has been making statement that she is willing to talk to everybody which depicts that she has a lot of time but at the same situation she is looking at her watch which show she has some deadline.

Hence we can conclude that the given case depicts Incongruent communication.

5 0

3 years ago

A project has a capital outlay of $12.75m and will yield future cash flows of $3m per annum for the next 10 years. The required

dedylja [7]

Answer:

NPV $4.20 million(positive)

IRR 19.60% ( greater than the cost of capital of 12%)

Explanation:

The net present value of the project is the present value of future cash flows discounted at the required rate of return of 12% minus the initial investment outlay

Present value of a future cash flow=future cash flow/(1+r)^n

r=required rate of return=12%

n is the year in which the cash flow is expected, it is 1 for year 1 cash flow, 2 for year 2 and so on.

NPV=$3/(1+12%)^1+$3/(1+12%)^2+$3/(1+12%)^3+$3/(1+12%)^4+$3/(1+12%)^5+$3/(1+12%)^6+$3/(1+12%)^7+$3/(1+12%)^8+$3/(1+12%)^9+$3/(1+12%)^10-$12.75

NPV=$4.20 million

The internal rate of return is the discount at which the present value of the future cash flow and the initial outlay are the same using IRR excel function

Years cash flows

0 ($12.75)

1 $3

2 $3

3 $3

4 $3

5 $3

6 $3

7 $3

8 $3

9 $3

10 $3

IRR(B2:B12) 19.60%

7 0

3 years ago