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exis [7]
3 years ago
10

Gnas Corporation's total current assets are $258,000, its noncurrent assets are $638,000, its total current liabilities are $192

,000, its long-term liabilities are $522,000, and its stockholders' equity is $182,000. The current ratio is closest to:________.
Business
1 answer:
Galina-37 [17]3 years ago
3 0

Answer:

1.34

Explanation:

Data provided in the question:

Gnas Corporation's total current assets = $258,000

Noncurrent assets = $638,000

Total current liabilities = $192,000

Long-term liabilities = $522,000

Stockholders' equity = $182,000

Now,

Current Ratio = ( Current Assets ) ÷ ( current liabilities )

or

Current Ratio = $258,000 ÷ $192,000

or

Current Ratio = 1.34

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The minimum wage law ___________________ a) has a significant effect on the unemployment rate since a large part of the labor fo
Galina-37 [17]

Answer:

a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.

Explanation:

The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.

3 0
3 years ago
A company's chart of accounts is: a detailed list of the accounts that make up the five financial statement elements. the set of
polet [3.4K]

Answer:

A detailed list of the accounts that make up the five financial statement elements.

Explanation:

The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.

The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).

Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).

The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.

8 0
3 years ago
the term structure of interest rates is a. the relationship among interest rates of different bonds with the same maturity. b. t
AveGali [126]

The term structure of interest rates is the relationship between interest rates or bond yields and different terms or maturities.

What is Term Structure of Interest Rates?

The yield curve, also known as the term structure of interest rates, represents the interest rates of bonds of comparable quality but different maturities. The interest rate term structure shows market participants' expectations for future interest rate adjustments as well as their evaluation of the state of monetary policy.

The relationship between interest rates or bond yields and various terms or maturities is, in essence, the term structure of interest rates. The term structure of interest rates is referred to as a yield curve when it is graphed, and it is extremely important in determining the state of an economy at any one time.

To know more about term structure of interest rates refer:

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5 0
1 year ago
our neighbor has monthly expenses totaling $3350. His employer has indicated that the firm is expecting to announce layoffs soon
9966 [12]

Answer:

$20,100

Explanation:

You will have to multiply the monthly expenses by 6

$3,350 x 6

= $20,100

A layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees for business reasons, such as personnel management or downsizing an organization.

When calculating how much you will need, don't plan for just your largest bills. You'll need enough to cover mortgage or rent and vehicle payments, but you will also need to pay utilities, credit cards, insurance, and buy groceries. Everything that's in your normal budget should be considered.

Though you may spend lesser since you're no longer going to work BUT you must consider your normal monthly budget.

3 0
3 years ago
Aicpa auditing standards address the confirmation of accounts receivable for private company audits. what are the circumstances
alina1380 [7]

Answer:

Confirmation of accounts receivables is not required when the account information is immaterial.

An account is said to have immaterial information when the account doesn't reflect any important or relevant information that can affect the opinions or decisions of shareholders, potential investors or creditors of the company.

The auditors have the responsibility of deciding what information is relevant and important and what is immaterial

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2 years ago
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