1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
3 years ago
11

Verify why the farmers' credit union chose to increase Farm B's line of credit but not Farm A's in the following scenario:

Business
1 answer:
Shkiper50 [21]3 years ago
5 0

Answer:

see below

Explanation:

he farmers must have considered the ability to repay back loans when making the decision. The ability of a business to meet its current obligations is expressed by the current ratio.

The current ratio or working capital ratio communicates a firm's ability to repay debts as they become due. The higher the ratio, the better.

the current ratio is calculated as current assets/current liabilities

For Firm A,

current ratio =$150,000/ $125,000.

=1.2

For Firm B,

current ratio =$100,000/$75,000

=1.333

Firm B has a better current ratio than Firm A. Firm B is in a better position to repay loans compared to Firm A.

You might be interested in
Data related to the expected sales of laptops and tablets for Tech Products Inc. for the current year, which is typical of recen
Rus_ich [418]

Answer:

Instructios are listed below.

Explanation:

Giving the following information:

Laptops:

Selling price= $1,600

Cost per unit= $800

Sale mix= 40%

Tablets:

Selling price= $850

Cost per unit= $350

Sale mix= 60%

The estimated fixed costs for the current year are $2,498,600

A) Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)

Weighted average selling price= (1600*0.40) + (850*0.60)= $1,150

Weighted average variable expense= (800*0.40) + (350*0.60)= 530

Break-even point (units)= 2,498,600 / (1150 - 530)= 4,030 units

B) Laptops= 4030*0.40= 1,612 units

Tablets= 4030*0.60= 2,418 units

4 0
3 years ago
Your small remodeling business has two work vehicles. One is a small passenger car used for job-site visits and for other genera
klemol [59]

Answer:

Annual savings= $924

Explanation:

Giving the following information:

The car gets 25 miles per gallon (mpg). The truck gets 10 mpg. You want to improve gas mileage to save money, and you have enough money to upgrade one vehicle. The upgrade cost will be the same for both vehicles. An upgraded car will get 40 mpg; an upgraded truck will get 12.5 mpg. The cost of gasoline is $3.30 per gallon. Calculate the annual fuel savings, in gallons, for the truck and car assuming both vehicles are driven 8,000 miles per year.

Current cost= (8,000/25)*3.30 + (8,000/10)*3.30= $3,696

New cost= (8,000/40)*3.3 + (8,000/12.5)*3.3= $2,772

Annual savings= 3,696 - 2,772= $924

3 0
3 years ago
Which of the following sentences apply correct number style?
Monica [59]

Answer:

The sentence that applies the correct number style is:

c. Dan Yannotti, Director of Health Initiatives, turns 32 this year.

Explanation:

Sentence A's number style should have been formatted like: "More than $5 million ..."  Alternatively, it could be formatted as "Five Million Dollars."

Sentence B's number style should have been formatted like: "27% of our ...."

This leaves sentence C as the sentence that applies the correct number style.

7 0
3 years ago
A fábrica Pettinati Brinquedos e Lazer Associados foi obrigada a reduzir seu pessoal em função da perda de um importante cliente
Neporo4naja [7]
C, D, E..................................
8 0
3 years ago
Read 2 more answers
Artifacts reflecting values of an organization include Select one: a. Mission statements b. An office layout that includes open
nordsb [41]

Answer:

The correct answer to the following question is option B) an office layout that includes open spaces.

Explanation:

It is often said that an organizations culture could be seen through various ways and one of them is observable artifacts, which represents a organizations attitude, it's belief and anything that might be considered meaningful like behavior. These artifacts may include a organizations physical surroundings like its interior design, landscape etc and in this case its open spaces in office layout, and other might be technologies , product, rituals etc.

3 0
3 years ago
Other questions:
  • The unemployment rate of: a. teenagers is much higher than that of adults. b. women greatly exceeds that of men. c. whites is ro
    9·1 answer
  • On February 1, Light Co. received a $20,000, 120 day, 9% note from Dark Co.
    8·1 answer
  • Amanda can choose between two alternatives after high school. She can either attend a university or work at her father's grocery
    12·1 answer
  • Which best exemplifies the use of social media to save lives in a fast moving disaster event?
    11·1 answer
  • EcoFabrics has budgeted overhead costs of $1,077,300. It has allocated overhead on a plantwide basis to its two products (wool a
    8·1 answer
  • A loan is amortized by level payments made on every February 1. The borrower notices that the interest paid in the February 1, 2
    11·1 answer
  • Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabil
    8·1 answer
  • The _________ effect may explain much of the small-firm anomaly.I. JanuaryII. neglectedIII. liquidityA. I onlyB. II onlyC. II an
    10·1 answer
  • A jet ski depreciates at 11% of its original value each year. If the jet ski was $8000 at its time of purchase, what is the valu
    5·1 answer
  • Cherry Valley Lumber's (CVL) lumber mill produces boards of various sizes and quality specifications for the home construction i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!