Answer:
D. is not sending a strong message to investors and creditors that it has the ability to repay its short-term debt
Explanation:
The cash ratio helps measure the liquidity of the company as it shows if it can cover its short-term debt with the cash aand cash equivalents it has. When the ratio is less than 1, as in this case, it means that the company doesn't have enough cash to cover the short-term debt.
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Answer:
a.$6,705
Explanation:
The total cost is the sum of the three cost component, Direct materials, direct labours, and factory overhead.
Direct Labor Cost: 71 hours x $15 per hour = $ 1,065
Manufacturing Overhead: 175 machine hours x $14 per hour = $ 2,450
Direct Materials $ 3,190
Total cost: 1,065 + 2,450 + 3,190 = 6,705
Answer:
This lease is regarded and classified as Capital lease.
Explanation:
This lease is regarded and classified as Capital lease.
Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.
Now; the present value of future payment is calculated as:
Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]
=[4.46511 × 31000] +[0.74726 × 15500]
= 138418.27+ 11582.53
= 150000
However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this lease is a capital lease.
Answer:
$2960 yearly savings
Explanation:
From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.
EXPLANATION
- If the child is 5yr old now, in 13years time, she will be 18yr old.
- for the next 13years, it would have amount to $38350
- remember the bank will give an annual interest rate of 2%
- so for 13years, that's 26% = 0.26
- In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321
- His savings will fall between $2950 - $2960 yearly.