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2 years ago

Easy question.........

Business

2 answers:

madreJ [45]2 years ago

7 0

Answer:

Explanation:

kodGreya [7K]2 years ago

6 0

I would b because u use chemicals when using things like fertilizer.... I think

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The Dlabay Company had a quick ratio of 1.4, a current ratio of 2.75, an inventory turnover of 6 times, total current assets of

Gnesinka [82]

Answer:

Annual sale is $2,282,728.80 and ACP is 44.87 days

Explanation:

Since the annual sales are not given, so first we have to compute the current liabilities amount, then inventory amount, after that, only the sales amount could be found

So, the current liabilities = Current assets ÷ current ratio

= $775,000 ÷ 2.75

= $281,818

Now the quick ratio = (Current assets - inventory) ÷ current liabilities

1.4 times = ($775,000 - inventory) ÷ $281,818

$394545.20 = $775,000 - inventory

So, inventory = $380,454.80

Now, the inventory turnover equals to

Inventory turnover ratio = (Turnover ÷ average inventory)

6 times = Annual sales ÷ 380454.80

So, annual sales = $2,282,728.80

The computation of the ACP is shown below:

= (Account receivable ÷ credit sales) × 360 days

Since account receivables is not given so first, we have to calculate it which equals to

= Current assets - cash - inventory

= $775000 - $110,000 - $380,454.80

= $284545.20

Now put these values to the above formula

So, the value would equal to

= ( $284545.20 ÷ $2,282,728.80) × 360 days

= 44.87 days

5 0

2 years ago

Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.

Lemur [1.5K]

Answer:

His American Opportunity tax credit is $2,500.

Explanation:

A taxpayer who has a modified adjusted gross income of $80,000 or less can claim the credit for the qualified expenses of an eligible student.

Taxpayers will receive a tax credit based on 100% of the first $2,000, plus 25% of the next $2,000 that is paid during the taxable year for tuition, fees and course materials and also, 40% of the credit (up to $1,000) is refundable.

Therefore, His American Opportunity tax credit is $2,500.

6 0

2 years ago

Coronado Industries is contemplating the replacement of an old machine with a new one. The following information has been gather

Lostsunrise [7]

Answer:

$32,000

Explanation:

Net advantage = Annual operating cost

Net advantage = [(Old machine - New machine)*10 life] - New machine cost + Old machine cost

Net advantage = [($320000 - $240000)*10] - $800000 + $32000

Net advantage = [($80000)*10 - $768,000

Net advantage = $800,000 - $768,000

Net advantage = $32,000

So, the net advantage of replacing the old machine is $32,000

4 0

2 years ago

Christian Wolff, an infamous accountant (and martial artist), is injured while shutting his computer desk drawer in his office a

elena55 [62]

Answer:

Explanation:

Whether or not workers compensation applies to this situation depends on the office policy regarding the proper closing of computer desk drawers.

6 0

2 years ago

A farmer sells a bushel of corn to the supermarket for $12. The supermarket then sells the corn to customers for $25. What is th

allsm [11]

Answer:

$ 25

Explanation:

As per the description, the exact amount that is being contributed from the corn bushel to the Gross Domestic Product would be $ 25. The price at which the farmer sold it to the supermarket would not be included in the GDP because it would be considered as an intermediary good because the good purchased for the resale purpose is not included in GDP as it leads to double-counting. Thus, <u>only the price of the final good i.e. $ 25 would be included in GDP as it will now be used for final consumption by the customers</u>.

6 0

2 years ago