Answer:
The value of inventory is $15.75 million as shown in the calculation below.
Explanation:
In order to calculate the inventory of Brenda's Bar and Grill we substitute for the values of current ratio and liabilities into the current ratio formula with current assets, the known taken as x.
Current ratio=current assets/current liabilities
2.1=x/$15m
x=$15m*2.1
x=31.5
m
Hence current assets is $31.5
Since current is comprises of 10% cash ,40% accounts receivable,hence inventory has the balance of 50%.
As a result inventory is 50%*$31.5
Inventory is $15.75
The company might need to calculate quick ratio to actually confirm its short term liquidity position.
Answer:
1. 700 is a good credit score but has lots of room for improvement.
2. Experian's change in criteria will benifit those who have little to no credit history as well as those who have poor credit history with credit cards and loan payments, but have paid rent monthly with little to no issues.
3. A 599 credit score is bad. Because of their credit score, consumers with this rating are likely going to struggle to be approved for future lines of credit or be charged high interest rates.
Answer: Radio advertisement
Explanation:
From the question, we are informed that Jack,an HR manager at an electronics firm, has been informed that he needs to hire twenty technicians immediately.
The best method to get quality technicians will be through advertising on radio. Through this method, a larger number of people will be reached and radio advertisement is usually effective.
Answer:
$700
Explanation:
Total earnings in 4 years
= 10000 + 5000 + 6000 - 4000
= $17,000
Ending retained earnings after 4 years
= $14,200
Total amount paid out as dividend in 4 years
= 17000 - 14200
= $2,800
Average amount of dividends paid per year
= $2,800/4
= $700
