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3 years ago

Data from Fontecchio Corporation's most recent balance sheet appear below:

Business

1 answer:

Sonbull [250]3 years ago

4 0

Answer:

the acid test ratio is 0.7 times

Explanation:

The computation of the acid test ratio is shown below;

Acid test ratio is

= Quick assets ÷ current liabilities

= (Cash + marketable securities + account receivable) ÷ current liabilities

= ($37,000 + $39,000 + $97,600) ÷ ($248,000)

= 0.7

Hence, the acid test ratio is 0.7 times

This is the answer but the same is not provided in the given options

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A currency trader observes that in the spot exchange market, one U.S. dollar can be exchanged for 10.875 Mexican pesos or for 6.

Anastaziya [24]

Answer:

d. 1.753 pesos/krone

Explanation:

The computation of the received pesos for exchange is shown below

Received pesos = Exchange value of one U.S dollar for Mexican pesos ÷ Exchange value of one U.S dollar for Mexican pesos

= 10.875 ÷ 6.205

= 1.753 pesos/krone

It shows a relationship between the Exchange value of one U.S dollar for Mexican pesos and the Exchange value of one U.S dollar for Mexican pesos so that per pesos/krone can come

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3 years ago

If the level of activity increases within the relevant range Group of answer choices Variable cost per unit and total fixed cost

MatroZZZ [7]

Answer:

Total cost will increase and fixed cost per unit will decrease V

Explanation:

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3 years ago

On January 1, 2021, Essence Communications issued $800,000 of its 10-year, 8% bonds for $700,302. The bonds were priced to yield

aev [14]

Answer:

before decrease in rates: 706,483

after rate decrease: 751,360

interest expense 35,015.12

discount on BP 3,015.12

cash 32,000

--bonds first interest payment--

interest expense 35,165.87

discount on BP 3,165.87

cash 32,000

--second interest payment--

unrealized loss 44,877

discount on bonds payable 44,877

--to adjust bonds valuation--

Explanation:

First, we solve for the present value of the bond to get the proceeds from the issuance.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 32,000

time 20

rate 0.05

$32000 \times \frac{1-(1+0.05)^{-20} }{0.05} = PV\\$

PV $398,790.7310

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 800,000.00

time 20.00

rate 0.05

$\frac{800000}{(1 + 0.05)^{20} } = PV$

PV 301,511.59

PV c $398,790.7310

PV m $301,511.5863

Total $700,302.3173

Now, we do the table for the first year:

# / Principal/ paid / interest / Amort/End. P

1 700,302 32000 35015.12 3015.12 703,317

2 703,317 32000 35165.87 3165.87 706,483

Now, we have to redo the calculations for the bonds market value considering a decrease in the market rate to 9%

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 32,000

time 18

rate 0.045

$32000 \times \frac{1-(1+0.045)^{-18} }{0.045} = PV\\$

PV $389,119.7377

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 800,000.00

time 18.00

rate 0.045

$\frac{800000}{(1 + 0.045)^{18} } = PV$

PV 362,240.30

PV c $389,119.7377

PV m $362,240.2951

Total $751,360.0328

We adjust for: 751,360 - 706,483 = 44,877

This will be an unrealized loss as the liability increases but, will be realized on the redemption of the bonds or at the end of the bonds' life.

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3 years ago

High performing companies adjust strategies for changing customer needs before rivals. downgrade capabilities as competitive adv

marusya05 [52]

Answer:Adjust strategies for changing customer needs before rivals.

Explanation: HIGH PERFORMING COMPANIES ARE COMPANIES WHO EFFECTIVELY AND EFFICIENTLY UTILIZE THEIR RESOURCES IN ORDER TO REDUCE COST, WASTAGES and TIME LOST DURING THE PRODUCTION AND SUPPLY CHAIN PROCESSES ETC.

For a company to perform at a high level or standard,the company must effectively implement strategies that can adjust the company to perform at a level which will outperform it's rivals in meeting the needs of the customers before the rivals.

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3 years ago

Trainers need to genuinely care about their clients. Ana adds that she learns a lot about people and earns their trust, then hel

tigry1 [53]

Answer:

a. Sensation-Feeling

Explanation:

Trainers need to genuinely care about their clients. Ana adds that she learns a lot about people and earns their trust, then helps them set practical goals that will help them methodically improve their fitness. Which problem-solving style is the best fit?

Anna made use of sensation-feeling style because she understood the needs of her clients and this can only be achieved by putting herself in the client shoes in order to experience their feeling and then coming up with a practical solution with solve any arising issue.

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3 years ago