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Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2017 Dec. 31, 2016 Current ass

stiks02 [169]

Answer:

Liquidity measures for the year 2017 are as under:

Current Ratio = 1.5

Working Capital = $100,000

Acid Test Ratio = 0.95

Accounts Receivables Turnover = 10 times

Inventory turn over = 4 times

Explanation:

Current Ratio

Current Ratio = Current Assets ÷ Current Liabilities

Dec 31, 2017 Dec 31, 2016

$300,000 ÷ $200,000 $245,000 ÷ $155,000

Current Ratio 1.5 1.6

Working Capital

Working Capital = Current Assets – Current Liabilities

Dec 31, 2017 Dec 31, 2016

$300,000 – $200,000 $245,000 – $155,000

Working Capital $100,000 $90,000

Acid Test Ratio

Acid Test Ratio = (Current Assets – Inventory) ÷ Current Liabilities

Dec 31, 2017 Dec 31, 2016

($300,000 – $110,000) ÷ $200,000 ($245,000 – $90,000) ÷ $155,000

Acid Test Ratio 0.95 1.00

Accounts Receivables Turnover Times

Accounts Receivables Turnover = Credit Sales ÷ Average Accounts Receivables

Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) ÷ 2

Average Accounts Receivables = ($55,000 + $95,000) ÷ 2 = $75,000

Accounts Receivables Turnover = $750,000 ÷ $75,000 = 10 Times

Inventory Turnover Times

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

Average Inventory = (Opening Inventory + Closing Inventory) ÷ 2

Average Inventory = ($110,000 + $90,000) ÷ 2 = $100,000

Inventory Turnover = $400,000 ÷ $100,000 = 4 Times

5 0

3 years ago

Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and

umka2103 [35]

Answer:

b. The slope of the budget constraint is the same for each woman.

Explanation:

Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).

Equation : p1x1 + p2x2 = m ;

where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income

Abby's Budget Line : 5I + 8N = 80
Bobbi's Budget Line : 5I + 8N = 60
Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]

Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.

Slope = ΔY/ΔX = Px / Py

Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.

3 0

3 years ago

Business analytics fuel ________ decision making.

kondaur [170]

Answer:

B. fact-based

Explanation:

I know business like fact-based decision's because a business wants facts to make it look good not opinions..... People need facts

4 0

3 years ago

The price elasticity of a good will tend to be larger:a)the longer the relevant time period. b)the fewer number of substitute go

Butoxors [25]

The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be available.

The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.

For example, if the price of coffee rises, the quantity demanded for tea which is the best substitute of coffee beverage will increase as consumers will switch to a less expensive but the substitutable alternative.

This is reflected in the cross elasticity of the demand formula, as both the numerator which is the percentage change in the demand of tea and denominator which is the price of coffee shows a positive increase.

To know more about price elasticity of demand here:

brainly.com/question/13565779

#SPJ4

7 0

2 years ago

True or False: The term "Attribute" is used frequently in Marketing. The textbook refers to ATTRIBUTE SETS; Universal, Retrieval

Flauer [41]

Answer:

True

Explanation:

Attribute refers to a trait or quality in general which distinguishes objects and things from one another.

In context of marketing, an attribute conveys a product feature which is regarded to be appealing to the buyers and provides utility. It represents quality and characteristics or product traits which distinguish one product from another in the marketplace.

Such unique traits could be w.r.t varying color, size, features, different functions which could act as determinants w.r.t a consumer's acceptance of such a product.

Product attributes are capable of universally inducing and evoking consumer behavior in their purchase decisions and also drawing repetitive purchases from such consumers.

4 0

3 years ago