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VARVARA [1.3K]
3 years ago
12

PLEASE HELP!!

Business
1 answer:
rusak2 [61]3 years ago
8 0

Bitcoin, Equal Dollars, Ithaca Hours, Starbucks Stars, Amazon Coins, Sweat.

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The following amounts were reported on the December 31, 2019, balance sheet:
Elina [12.6K]

Answer:

a. $50,000

b. 2.25 times

c. 0.75 times

Explanation:

a. The formula to compute the working capital is shown below:

Working capital = Current assets - current liabilities

where,

Current assets = Cash + accounts receivable + merchandise inventory

                        = $16,000 + $44,000 + $60,000

                        = $90,000

And, the current liabilities would be

= Wages payable + accounts payable

= $10,000 + $30,000

= $40,000

Now put these values to the above formula

So, the value would be equal to

= $90,000 - $40,000

= $50,000

b.  Current ratio = Total Current assets ÷ total current liabilities  

= $90,000 ÷ $40,000

= 2.25 times

c. Acid-test ratio = Total Current assets - merchandise inventory  ÷ total current liabilities  

= $90,000 - $60,000 ÷ $40,000

= 0.75 times

7 0
4 years ago
On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $560,000 a
Novay_Z [31]

Answer:

PV 550,506.64

Explanation:

Nominal \times (1 - \: discount \: rate)^{time} = \: Present \: Value

560,000 \times \: (1-0.05)^{4/12} = PV

<em>PV = 550,506.64</em>

<u>We can convert the discount rate to interest rate and reach the same value:</u>

i= \frac{d}{1-d} = 0.05/0.95 = 0.052631578

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

\frac{560,000}{(1+0.052631578)^{1/3}} = PV

<em>PV = 550,506.64</em>

8 0
3 years ago
Ismail Construction enters into a contract to design and build a hospital. Ismail is responsible for the overall management of t
Harlamova29_29 [7]

Answer and Explanation:

Indeed, Ismail have a solitary performance presentation commitment to the client in the mentioned arrangement of revenue.

Despite the fact that the exhibitions of different fields is in the execution of the agreement, he goes into an agreement to plan and assemble an emergency clinic which incorporates the need of building, site leeway, establishment, acquisition, development of the structure, channeling and wiring, and establishment of hardware.

7 0
4 years ago
Efficient portfolios of N risky securities are portfolios that Group of answer choices have the highest risk and rates of return
Tamiku [17]

Answer:

Have the highest risk and rates of return and the highest standard deviations.

Explanation:

The efficient portfolios of N risky operatives is the set of optimal portfolios that offer the highest expected return for a defined level of risk or the lowest risk for a given level of expected return. And in other words, portfolios that lie below the efficient frontier are been described as sub optimal because they do not provide enough return for the level of risk. Portfolios that cluster to the right of the efficient frontier are sub optimal because they have a higher level of risk for the defined rate of return.

6 0
3 years ago
N sees a demonstration in a department store of a new model hair dryer that dries hair in one minute. N is most interested in th
madam [21]

Answer:

Oral warranty was used by the seller.

Explanation:

The scenario shows that the proper warranty made by the seller to win N’s interest was premised on need. That is to say, by demonstration, N walks into the departmental store and was immediately approached by the seller who begins by exchanging pleasantries and thereafter introduces the new product to N by specifically outlining its benefits as compared to previous models. All of this warranty was made orally and not written.

7 0
3 years ago
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