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3 years ago

Simon Company's year-end balance sheets follow.

Business

1 answer:

Zolol [24]3 years ago

6 0

Answer:

1) current ratio = current assets / current liabilities

current assets include cash + accounts receivable + prepaid expenses + inventory

current liabilities include liabilities and equity amounts payable

current ratio 2015 = ($34,254 + $45,211 + $49,629 + $3,960) / $47,057 = 2.83
current ratio 2016 = ($32,545 + $58,094 + $76,014 + $8,629) / $67,377 = 2.60
current ratio 2017 = ($27,286 + $79,083 + $98,417 + $9,056) / $119,855 = 1.78

2) acid test ratio = (current assets - inventory) / current liabilities

acid test ratio 2015 = ($34,254 + $45,211 + $3,960) / $47,057 = 1.77
acid test ratio 2016 = ($32,545 + $58,094 + $8,629) / $67,377 = 1.47
acid test ratio 2017 = ($27,286 + $79,083 + $9,056) / $119,855 = 0.96

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Grey Wolf, Inc has current assets of $2,090 net fixed assets of $9,830 current liabilities of $1710 and long-termdebt of $4520.

s2008m [1.1K]

Answer:

(a) $5,690

(b) $380

Explanation:

Given that,

current assets = $2,090

Net fixed assets = $9,830

Current liabilities = $1710

Long-term debt = $4520

Total assets:

= Current assets + Net fixed assets

= $2,090 + $9,830

= $11,920

Total Liabilities:

= Current Liabilities + Long-term Debt

= $1710 + $4520

= $6,230

(a) Total assets = Total liabilities + Stockholder's equity

$11,920 = $6,230 + Stockholder's equity

$11,920 - $6,230 = Stockholder's equity

$5,690 = Stockholder's equity

(b) Net working capital:

= Current assets - Current liabilities

= $2,090 - $1,710

= $380

8 0

3 years ago

In order to be successful in the business market, where buyers are trained to identify suppliers as part of their jobs, salespeo

user100 [1]

For you to be successful in the enterprise marketplace a challenge with first-rate center values that personnel can accept as true is another manner.

Most hit corporations understand the good skills they have and work to maintain them. that means extra than an aggressive revenue and a few advantages. personnel needs to match in with the business enterprise tradition and sense valued for their contributions.

A business marketplace is a method an employer makes use of to sell services or products to a selected organization of customers. generally, commercial enterprise markets facilitate sales from one business to another in instances where one business plans to reuse or resell another employer's products or services.

The business-to-enterprise or "B2B" market has focus on merchandise, goods, and services that are commonly sold to different businesses instead of direct to purchasers. Examples include workplace furnishings, company accounting offerings, and conference and exhibit resources.

Learn more about business market here: brainly.com/question/25754149

#SPJ4

8 0

2 years ago

Janice hartley works as a writer at a fashion magazine in new york. she was recently asked by her editor to write an article on

Rashid [163]

I believe that the correct answer is affective component.
The affective component has to do with feelings, with emotional feedback. So when Janice is told her work is not interesting enough, obviously she feels sad, disappointed, embarrassed, and overall unhappy which is all a part of her affective component.

7 0

4 years ago

James has never had a motorcycle before but is planning to purchase one to replace his old bicycle. james is set to make a _____

dybincka [34]

The answer is modified purchasing decision. It is because in this type of method, James is set to change a particular thing, quantity or quality, to be able to produce or get something more better in which is indicative of his problem above of having to decide to buy a new bicycle because he has an old one.

8 0

4 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2018, cash

Dimas [21]

Answer:

1. Record the adjustment for uncollectible accounts on December 31, 2018.

Dr Bad debt expense 10,250

Cr Allowance for doubtful accounts 10,250

Allowance for doubtful accounts is a contra asset account that reduces the amount of accounts receivable and has a credit balance.

2. Calculate the net realizable value of accounts receivable.

net realizable value of accounts receivable = total accounts receivable - allowance for doubtful accounts = $41,000 - $10,250 = $30,750

Explanation:

total services on account $142,000

cash collected $101,000, remaining accounts receivable $41,000

25% of remaining accounts receivable will be uncollectible = $41,000 x 25% = $10,250 in bad debts

5 0

4 years ago