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soldi70 [24.7K]
3 years ago
12

se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $36,681 Accoun

ts receivable 60,524 Accrued liabilities 6,727 Cash 24,556 Intangible assets 40,334 Inventory 71,626 Long-term investments 90,463 Long-term liabilities 79,713 Marketable securities 32,237 Notes payable (short-term) 25,302 Property, plant, and equipment 627,557 Prepaid expenses 2,404 Based on the data for Harding Company, what is the amount of quick assets
Business
1 answer:
S_A_V [24]3 years ago
4 0

Answer:

See below

Explanation:

With regards to the above,

Computation of quick assets is shown below

Quick assets = Account receivable + cash + marketable securities

= $60,524 + $24,556 + $32,237

= $117,317

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The cost of capital is the rate of return that a firm must earn on its investments in order to maintain the market value of its stock.

Answer is c.

8 0
3 years ago
Vaughn Manufacturing has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected
7nadin3 [17]

Answer:

expected income 105,000

Explanation:

Our goal would be to multiply the average contribution margin of the company by the total units produced.

average \: contribution \times units\: sold = contribution \: margin\\30 \times (40,000 + 60,000) = 30\times 100,000 = 300,000

<em>Important:</em> <u>the given is the weighted average</u>, so the units mix (40% STD 60% SUPREME) is taken into consideration already, no need to additional calculation. If we were told the Contribution Margin per type of unit we will be needing to calculate the average CM.

<em>Now,</em> second step will be subtract the fixed cost from the contribution to get the pretax income

Net \:Income = contribution \: margin - fixed \: cost\\300,000 - 195,000 = 105,000

3 0
3 years ago
According to Brooks's article, what was the main effect of entrepreneurship in China?
kirza4 [7]

The correct answer is A. Poverty noticeable declined.

According to Brooks article many entrepreneur are interested in security in jobs.

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There is Internet entrepreneurs and in mobile technology sectors.


4 0
3 years ago
Read 2 more answers
Francis Companyhas 24,000 shares of common stock outstanding at the beginning of 2019. Francis issued 3,000 additional shares on
Maru [420]

Answer:

(1) The number of shares of common stock that Francis should use in calculating basic earnings per share for 2019 :

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                                         = 29000

(2) Basic EPS for 2019

                   EPS = net income / outstanding shares

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                           =  2.5

(3) Diluted EPS for 2019

           Diluted EPS = (net income - preferred stock dividned )/ (Common               Shares Outstanding + Unexercised Employee Stock Options + Convertible Preferred Stocks + Convertible Debt + Warrants)

                           =  72500/(29000+ 2500 + 250 )

                            = 2.28            

7 0
3 years ago
Etxuck327 Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books so
Westkost [7]

Answer:

539,000.00  

Explanation:

As per the contribution margin analysis concept, the break-even point is obtained by dividing fixed cost by contribution margin per unit.

For Etuck327,

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Variable expense is $28

Break-even in units is 49,000 books.

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Fixed costs = 539,000.00    

                   

5 0
3 years ago
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