Answer:
The answer is: Cash and marketable securities $5,406,393
Explanation:
We have:
+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;
+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)
+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274
+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333
=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.
Answer:
lower
Explanation:
As people would make a smaller profit but more if it accumulating it to get bigger than expensive with less sales.
You should order them in A B C or 1 2 3 (high, medium, low priority)
Answer: Highly negative consequences for future labor relations
Explanation:
A Shutdown by a firm becomes necessitated when a firm is unable to cover even it's Variable costs.
At this point it would be more expensive to produce as opposed to not producing at all.
This prompts the Firm to go into a Shutdown mode.
When in this mode, the following happens;
- the company looses revenue from production as they are not in business.
- the Company's market share will most likely take a hit because they won't be producing goods to maintain it
- other companies in the industry will try to fill in the gap left by the company on Shutdown.
As sad as it would be to have labor problems in future labor relations, Economically, it is not the result of a Shutdown.
Answer:
It drives down prices for consumers.
Explanation:
