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AVprozaik [17]
3 years ago
5

Compute the current ratio and acid-test ratio for each of the separate cases. Camaro GTO TorinoCash $ 2,000 $110 $1,000Short-ter

m investments 50 0 580Current receivables 350 470 700Inventory 2,600 2,420 4,230Prepaid expenses 200 500 900Total current assets $ 5,200 $3,500 7,410Current liabilities $ 2,000 $1,000 3,800
Business
1 answer:
aniked [119]3 years ago
4 0

Answer:

The Current and Acid Test ratios help show whether a company will be able to pay of its current obligations with its current assets.

<h2>Current Ratio:</h2>

Camero :                                                                        GTO

= Current Assets / Current liabilities                          = 3,500 / 1,000

= 5,200 / 2,000                                                           = 3.50

= 2.60

Torino

= Current assets / Current liabilities

= 7,410 / 3,800

= 1.95

<h2>Acid-Test ratio </h2>

Camero

= (Current Assets - Inventory - Prepaid expenses) / Current liabilities

= (5,200 - 2,600 - 200) / 2,000

= 1.20

GTO

= (3,500 - 2,420 - 500) / 1,000

= 0.58

Torino

= (7,410 - 4,230 - 900) / 3,800

= 0.60

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Which entry records the investment of cash by John, owner of a sole proprietorship?
mote1985 [20]
The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
4 0
3 years ago
Barrington Mills Manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton
8_murik_8 [283]

Answer:

weeks of supply 2,7122857

Explanation:

17,500,000 / 50 weeks = 350,000 COGS per week

<u>current finished inventory: </u>

250  x $  65  =   16,250

 190  x $  80  =   15,200

 310  x $ 105  =<u>  32,550</u>

Total                    64,000

<u><em>cost added:</em></u>

 70,000 materials x $ 2.75

125,000 materials x $ 5.00

   <em>total                    817500</em>

<u><em>WIP:</em></u>

 2,000 rolls     x  $  10.50

 5,000 spools x  $    6.75

    500 rolls     x  $   26.10

  total             $ 67,800

Total inventory: <em>817,500</em> + 67,800 + 64,000 = 949300

<em><u>week of supply:</u></em>

inventory of 949300

and 350,000 goods are consumer per week

week: 2,7122857

3 0
3 years ago
Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated
AURORKA [14]

Answer:

The correct answer is: b. flexible manufacturing systems, total quality management, and information networks.

Explanation:

A Flexible Manufacturing System or FMS is a group of interconnected workstations through an automated material transport system.  The transport system, as well as other storage systems that can be used, must be automatic. The whole set is controlled by computer

It is known as total quality management to a business management strategy that consists of the study and assessment of the concept of quality in each of the phases of an organizational process. Its purpose is the constant improvement of goods and services offered and the achievement of greater customer satisfaction.

6 0
3 years ago
Suppose the U.S. yield curve is flat at 3% and the euro yield curve is flat at 5%. The current exchange rate is $1.4 per euro. W
Kruka [31]

Answer: hello your question is incomplete attached below is the complete question.

answer :

3.02 million,    2.96 million,    2.91 million

Explanation:

<u>Determine the swap rate over a 3-year period</u>

swap rate = forward exchange rate * exchange amount

For year 1

1.4 * ( 1 + 0.03 / 1 + 0.05 ) * 2.2 million

= 1.4 ( 0.98095 ) * 2.2

= 3.02 million

For year 2

1.4 * ( 1 + 0.03 / 1 + 0.05 )^2 * 2..2 million

= 1.4 ( 0.98095 )^2 * 2.2 million

= 2.96378 million

For year 3

1.4 * ( 1 + 0.03 / 1 + 0.05 )^3 * 2.2 million

= 1.4 ( 0.98095 )^3 * 2.2 million

= 2.90733 million  

3 0
2 years ago
A clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid, is :
Sedaia [141]

Answer: partial release clause

Explanation:

The partial release clause is regarded as a clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid.

The partial release clause simply states that when the balance on a mortgage has been paid to a particular amount, the lenders will have to release a parcel.

4 0
3 years ago
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