Answer:
The answer is
1. -$96 million
2. 0.52:1
Explanation:
1. Working capital = total current assets - total current liabilities
Current assets:
Cash. $ 31.9 million
Accounts receivable $21.0 million
Inventory $28.1 million
Other current assets. $23.0 milllion
Total current assets $104.0 million
And current liabilities is$200.0 million
Therefore, working capital is:
$104 - $200
= -$96 million
2. Current ratio = current assets/current liabilities
$104 million / 200 miliion
=0.52:1
Answer and Explanation:
The computation is shown below:
1. Before computing the stockholder equity first we have to determine the total assets and the total liabilities which is shown below:
As we know that
Total Assets = Current Assets + Net Fixed Assets
= $2,090 + $9,830
= $11,920
Now
Total Liabilities = Current Liabilities + Long-term Debt
= $1,710 + $4,520
= $6,230
So,
Stockholders’ Equity = Total Assets - Total Liabilities
= $11,920 - $6,230
= $5,690
2. The net working capital is
Net Working Capital = Current Assets - Current Liabilities
= $2,090 - $1,710
= $380
Answer: C. has taken custody of customer funds and must comply with the additional requirements of the custody rule
Explanation:
The options for the question are:
A. can follow the customer's instructions without additional action taken, since this is a service to the customer
B. has not taken custody of client funds, unless the custodian bank and the investment adviser are under common ownership
C. has taken custody of customer funds and must comply with the additional requirements of the custody rule
D. has a conflict of interest that must be disclosed in writing to the customer
The Investment Advisers Act is a law which was enacted in order to regulate the investment advisers. It requires that firms that receive compensation when they advise others about their securities investments will have to register with Securities Exchange Commission and also abide with the regulations which are in place to protect the investors.
In the Act, it was said that an investment adviser has had a custody of the client assets, and should therefore comply and abide with the rule since the adviser is in possession of the client funds. Therefore, option C is the correct answer.
Answer: Ineffective
Explanation:
Handling many job roles at the same time is one of the greatest way to be ineffective in them. When you have someone to do so many task at the same time they won't perform their best in any of the task or all of the task and would struggle most times and could wear out.
Manuela Luisina is handling so much at Petty cash which makes the segregation of duties ineffective
Answer:
<u>he poses a threat from competitors and or government to the company</u>
<u>Explanation:</u>
By such actions. the manager will have exposed information that easily could be read on Sparknotes by an emerging or already existing competitor.
For example, information <em>pertaining to top management remuneration or decision structure</em> may be one such invisible organizational structure. Such information can reveal the weaknesses of the organization
