Answer and Explanation:
a. The current ratio is 
We know that 
Current ratio = Current Assets ÷ Current Liabilities 
= $440,000 ÷ $200,000 
= 2.2
Cash	$160,000
Marketable Securities	$75,000
Account receivable	$65,000
Inventory	$140,000
Current Assets	$440,000
Account Payable	$200,000
current liabilities	$200,000
b
Quick ratio =( Current assets - inventory ) ÷ Current Liabilities 
= ($440,000 - $140,000 ) ÷ $200,000 
= 1.5
 
        
             
        
        
        
<span>Regardless of the firm, most companies will do at least a bi-annual audit if not quarterly. In this case Ted would do the same amount of audits for either company, two to four depending on the companies frequency.</span>
        
             
        
        
        
Sally works for Timber Products, Inc. The basis for her contribution under the Federal Insurance Contribution Act to help pay for benefits that will partially make up for her loss of income on retirement is her annual wage base.
Answer: Option B
<u>Explanation:</u>
The contribution that Sally, who is working for Timber Products incorporation, has to make for federal insurance contribution act is based on the amount of wage that Sally gets on an annual basis or the wage that she gets in a year. 
A part of that wage which is a particular percentage is paid to the federal insurance contribution act who is going to benefit her in case she incurs any kind of loss of income.
 
        
             
        
        
        
Answer:
6.95
Explanation:
Coupon rate = $69.50/$1,000 = .0695, or 6.95 percent
 
        
             
        
        
        
Answer and Explanation:
A. Given that Design 1A will cost $1.7 million to build and $175,000 per year to maintain
Given that Design 1B will cost $3.6 million to build and $40,000 per year to maintain
Both designs are assumed to be permanent
To find ROR using AW based rate of return equation, we find present value of each design and equate them:
Each design is permanent so
Present value of perpetuity:
Design 1A= 1700000+175000/r
Design 1B = 3600000+40000/r
=1700000+175000/r=3600000+40000/r
135000/r=1900000
Cross multiply
r=135000/1900000
r= 0.0710
r=7.10%
B Given that ROR=7.10% and MARR is 25%
MARR>ROR
Hence we reject both designs