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zubka84 [21]
3 years ago
12

Given the following information for the year ended December 31, what is the ratio of cash to monthly cash expenses? Negative cas

h flow from operations $(540) Cash and cash equivalents as of year-end.
a. 10.0
b. 12.0
c. 14.4
d. None of these choices are correct.
Business
1 answer:
krok68 [10]3 years ago
3 0

Answer:

d. None of these choices are correct.

Explanation:

For computation of ratio of cash to monthly cash expenses first we need to find out the monthly cash expenses which is shown below:-

Monthly Cash Expenses = Negative cash Flow ÷ Number of Months in a year

= $540 ÷ 12

= $45

The ratio of Cash To Monthly Cash Expenses = Cash and cash equivalents at Year End ÷ Monthly Cash Expenses

= $495 ÷ $45

= 11

Therefore for computing the ratio of Cash To Monthly Cash Expenses we simply applied the above formula.

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Three shareholders brought an action in federal district court for a violation of federal securities law against a corporation.
slava [35]

For the question "Does the court have subject matter jurisdiction over this action" Yes because the action is based on a violation of federal securities law. Option B. This is further explained below.

<h3>What is jurisdiction?</h3>

Generally, jurisdiction is simply defined as the authority to issue binding rulings in a legal matter.

In conclusion,"Does the court have subject matter jurisdiction over this case." In this case, yes, since the alleged wrongdoing constitutes a violation of federal securities laws.

CQ

Three shareholders brought an action in federal district court for a violation of federal securities law against a corporation. The shareholders sought certification of a class of all persons who had purchased stock during a two-year period. The members of the class suffered damages that ranged from $75 to $65,000, with the total damages sought-just exceeding $3 million. Some members of the class are citizens of the same state as the corporation but none of the three representative shareholders is a citizen of the same state as the corporation.

Does the court have subject matter jurisdiction over this action?

Yes, because none of the three representative shareholders is a citizen of the same state as the corporation.

Yes, because the action is based on a violation of federal securities law.

No, because no member of the class has suffered damages in excess of $75,000.

No, because some members of the class are citizens of the same state as the corporation.

Read more about jurisdiction

brainly.com/question/12448353

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4 0
2 years ago
How should a loss contingency that is reasonably possible and for which the amount can be reasonably estimated be reported
guajiro [1.7K]

Answer:

as a footnote in financial statements or on the balance sheet

Explanation:

A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.

Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.

When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.

cheers.

5 0
3 years ago
Samples Corporation would like to use target costing for a new product it is considering introducing. At a selling price of $21
Anvisha [2.4K]

Answer:

$18.60

Explanation:

Target cost:

= Sales revenue - Profit

= (No. of units sold × Selling price per unit) - (Investment require × desired return on investment)

= (20,000 × $21) - ($400,000 × 0.12)

= $420,000 - $48,000

= $372,000

Target cost per unit:

= Target cost ÷ Number of units

= $372,000 ÷ 20,000

= $18.60

Therefore, the target cost per unit is closest to $18.60.

5 0
3 years ago
Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolor
natita [175]

Answer:

revenue cycle

Explanation:

Dolores Yu provides a payroll processing business. According to question, service has been rendered and now its time to collect bills for those service.

Since revenue cycle is capturing of bills and payment for product or service rendered. The work mentioned in the problem is part of revenue cycle.

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3 years ago
The scenarios each illustrate a principle of economics. classify each scenario according to the principle that best fits it. you
storchak [24]

David's decision on the electronics to purchase represents opportunity cost.

The decision to hire another economist is marginal analysis.

Ana's decision on how to use her time involves opportunity cost.

<h3>What is opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. When an economic agent chooses one option, he would not be able to choose another option.

<h3>What is marginal analysis?</h3>

Marginal analysis involves comparing the marginal cost or / and the marginal benefit of a decision.

To learn more about opportunity cost, please check: brainly.com/question/26315727

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2 years ago
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