Answer:
$100
Explanation:
Compute the valuation for the inventory item
1. a. Calculate the Ceiling Price/NRV
= Expected Sales Price - Estimated Selling Costs
= $110-$6 = $104
b. Calculate the Floor Price which represents Net Realizable Value - 20% of the Expected Sales Price= $22
=$104- $22 = $82
C. Replacement Cost is $106,
Therefore the Market price for the market approach represents the middle price of the three values.
The three values are Ceiling= %104, Floor = $82 and Replacement= $106
Therefore, the middle price is $104. The market is $104
D. Valuing inventory based on the lower of Cost or Market Approach is calculated as follows:
If $104 is the market approach cost then compared with the inventory cost of $100, then the cost of inventory is lower and should be used for inventory valuation.
Therefore, valuation is at $100
Judge whether the following statement is true or false. "Since the accumulation-of-wealth stage extends into the mid-50s, financing the cost of education could remain important to me should I choose to continue my education or for the education of others who are important to me (spouse, child, etc.). It is not until Stage 2: Approaching Retirement - The Golden Years that the goal of educating children is usually accomplished. During Stage 3: The Retirement Years, estate planning issues are significant, and leaving part of my estate to fund education for my grandchildren could become important."
Answer:
True
Explanation:
Generally a person makes the most money when he/she is 40 to 55 years old, and that are the same years when their total expenses are also higher. One of the highest costs are education costs, specially their children's college costs.
Assume that your children are born when you are 30-35 years old, and 22 years later they are finishing college. That fits the time period when your income peaks, and that is why you have to try cover all education expenses before turning 60.
Once you retire, around age 65, your expenses tend to level down, and if you were able to have some accumulated wealth, then it is always a good idea to set some apart to pay for your grandchildren's college. That way you are helping both your children (reducing their costs) and your grandchildren.
Suppose the money multiplier in the United States is 3. Suppose further that if the Fed changes the discount rate by 1 percentage point, banks initially change their reserves by 400. To reduce the money supply by 4,200 the Fed should:
Answer:
increase the discount rate by 3.5% points
Explanation:
Since the money multiplier is 3, a 1% increase in the discount rate will decrease the money supply by: $400 x 3 = $1,200
If the Fed wants to lower the money supply by $4,200, it should increase the discount rate by: $4,200 / $1,200 = 3.5 points
There is news that the price of Tucker’s Root Beer will increase significantly next week. If the demand for Tucker’s Root Beer reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in ___.
Answer: Expectations
Explanation:
According to the given question, the position of the given demand curve are get changed based on the change in the expectations of the consumers or users for using the products such as tucker's root beer.
If the demand the given products and the services are get increased then automatically the price significantly increases.
This is due to the change in the expectations and also requirement of the customers in the market. and this concept is also refers as low of demand. Therefore, Expectations is the correct asmwer.
Therefore, Expectations is the correct answer.
As you fit investing for the future into your personal financial plan, you should consider
________ before investing into long term assets like stocks and bonds.
A) your near term cash needs
B) your near term major expenses like home purchase
C) your willingness and tolerance to bear risk
D) All of the above should be considered
Answer:
C) your willingness and tolerance to bear risk
Explanation:
Long term investment is the act of wealth creation for a future use of money.
investing into long terms involves some patience and risks because, investment like this cannot be for seen, it fluctuate sometimes leading to appreciation or depreciation in the value of money.
this helps in bringing maximum returns for your money over a period of more than 10 years. to better maximize these returns involves a lots of patience, tolerance and risks
Report from a fired researcher at the company indicates the company's product is releasing toxic by-products. The company suppressed that report. A later report commissioned by the company shows there is no problem with the fertilizer. Exercises Should the company's chief executive officer reveal the content of the unfavorable report in discussions with Yellowstone County representatives? Discuss.
Answer:
The given situation comes under professional ethics.
Explanation:
Professional ethics are values that regulate the behavior of a person or a business group. They are like rules telling how a person should act in given situations.
Many times, only the legally correct statements are not enough. When the company's chief executive officer has a discussion with Yellowstone County representatives, he should disclose both the reports. By doing so, he would follow professional ethics of not suppressing reports about the toxic by-products. He could also show any flaws in the report of the fired researcher.
Aaron, a team leader, encourages his team members to share their efficient work practices. He then ensures that his team is accountable for their productivity. Which of the following roles best describes this behavior?
A. Executor
B. Team player
C. Motivator
Answer:
C. Motivator
Explanation:
We motivates the team to work harder so that they play better. If they don't work hard, they won't play hard.
According to cultural relativism, forcing a child to work in coal mines at the age of 4 is morally wrong in the US today, but is morally permissible in other cultures (e.g. 18th Century England).
Answer:
True
Explanation:
Often termed as child labor, is a situation where minors or underage children are used as workers in the industries of certain countries.
In the 18th Century England this practice occurred at the start of the industrial Revolution in Britain. Children worked in coal mines at the age of 4, some were also used as errand boys. Many of these children worked because they came from poor homes.
Therefore, the principle of cultural relativism implies that what is morally wrong in the US today, should not be used to judge against the culture in England.
During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share and was expected to yield 4% per year in dividends, while CNA Financial Corp. (CNA) stock cost $40 per share and was expected to yield 2.5% per year in dividends.† If you invested a total of $30,150 in these stocks and expected to earn $936 in dividends in a year, how many shares of each stock did you purchase?
Answer:
1. The total number of TD stock shares purchases=270
2. The total number of CNA stock shares purchases=450
Explanation:
1. Number of TD stock shares
Step 1: Determine the Total amount invested
Total amount invested=(Cost per TD share×number of TD shares)+(cost per CNA share×number of CNA shares)
where;
Total amount invested=$30,150
Cost per TD share=$45
Number of TD shares=x
Cost per CNA share=$40
Number of CNA shares=y
replacing;
45 x+40 y=30,150....equation 1
Step 2: Determine the total dividends in a year
Total dividends=(Expected TD yield×cost per TD share×number of TD shares)+(Expected CNA yield×cost per CNA share×number of CNA shares)
where;
Total dividends=$936
Expected TD yield=4%=4/100=0.04
Cost per TD share=$45
Number of TD shares=x
Expected CNA yield=2.5%=2.5/100=0.025
Cost per CNA share=$40
Number of CNA shares=y
replacing;
936=(0.04×45×x)+(0.025×40×y)
1.8 x+y=936....equation 2
Step 3: Combine equation 1 and 2 then solve simultaneously
Multiply equation 1 by 1;
(45 x+40 y=30,150)×1=45 x+40 y=30,150
Multiply equation 2 by 40;
(1.8 x+y=936)×40=72 x+40 y=37,440
Subtract equation 2 from equation 1;
45 x+40 y=30,150
-
72 x+40 y=37,440
-27 x+0=-7,290
-27 x=-7,290
x=-7,290/-27
x=270
The total number of TD stock shares purchases=270
2. Number of CNA stock shares
Replace the value for x in equation 2 above and solve for y;
1.8 x+y=936
where;
x=270
replacing;
(1.8×270)+y=936
486+y=936
y=936-486=450
y=450
The total number of CNA stock shares purchases=450
To solve the problem, set up a system of equations using the given information and solve for the number of shares of each stock purchased.
Explanation:To solve this problem, let's assign variables to represent the number of shares of each stock purchased. Let's say X represents the number of TD shares and Y represents the number of CNA shares. Since TD stock costs $45 per share, the total cost of TD shares would be 45X. Similarly, the total cost of CNA shares would be 40Y.
According to the given information, the total investment is $30,150, so we can write the equation 45X + 40Y = 30,150. Additionally, the expected dividend yield from TD shares is 4% and from CNA shares is 2.5%. We can find the total dividends earned by multiplying the number of shares by the dividend yield and summing them up, which gives the equation 0.04X + 0.025Y = 936.
Now we have a system of equations:
45X + 40Y = 30,150
0.04X + 0.025Y = 936
Solving this system of equations will give us the number of shares of each stock that were purchased.
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If you deposit $1,234.16 in your checking account each month, how much will you have deposited at the end of the year?
Answer:
$14,809.92
Explanation:
A checking account is an account with a bank that does not carry interest rate but allows the owner of the account to make deposit and withdraw from the account at any time without any prior notice to the bank. Therefore, it is a very liquid account from which money can be withdrawn using automated teller machines, checks, and others.
Another names for the account include transactional accounts, demand accounts and current accounts.
Instead of enjoying interest on the deposit, the holder pays bank charges to the bank for the service rendered to him by the bank that allows him withdraw or save at any time.
Since the account to does carry any interest rate, the amount that will have been deposited monthly for 12 months starting from January to December can be calculated as follows:
Amount deposited for 12 months = monthly deposit multiply by 12
Amount deposited for 12 months = $1,234.16 * 12 = $14,809.92.
I wish you all the best.
Gaining management agreement to a concise project goal that addresses the issue(s) of ____ is essential for both the project manager and management to stay synchronized with project expectations.
Answer:
-Scope
-Time Frame
-Budget
A Ponzi scheme involves using new investment dollars to trick current investors into thinking they are earning high returns. If someone running a Ponzi scheme is bringing in new investors at a rate of 25% per year and stealing 10% of investments, what return could he pay investors? (Assume the money is never really invested.)
a) 15%
b) 20%
c) 25%
Answer: a) 15%
Explanation:
If an investor is bring in someone new at 25% and is stealing 10% of the investment, the return he could pay investors is (25-10%) which is 15%.
Martinez Company incurred the following costs during 2019 in connection with its research and development activities. 1. Cost of equipment acquired that will have alternative. 2. Uses in future R&D projects over the next 5 years (uses straight-line depreciation) $330,0003. Materials consumed in R&D projects 59,0004. Consulting fees paid to outsiders for R&D projects 100,0005. Personnel costs of persons involved in R&D projects 128,0006. Indirect costs reasonably allocable to R&D projects 50,0007. Materials purchased for future R&D projects 34,000
Answer:
Total expenses 337,000
Explanation:
Compute the amount to be reported as research and development expense by Martinez on its income statement for 2019
Materials consumed 59,000
Consulting fees paid 100,000
Salaries cost 128,000
Indirect cost 50,000
Total expenses 337,000
The materials which aren't used are not expense of the period. they will become expense when used not at purchase date.
The depreciation on the equipment will not be part of the expenses as it will be capitalized as it can be used in future projects.
Martinez Company incurred various costs related to its research and development activities, including equipment, materials, consulting fees, personnel costs, indirect costs, and materials for future projects.
Explanation:The costs incurred by Martinez Company in connection with its research and development activities include:
Cost of equipment acquired that will have alternative uses in future R&D projects over the next 5 years ($330,000)Materials consumed in R&D projects ($59,000)Consulting fees paid to outsiders for R&D projects ($100,000)Personnel costs of persons involved in R&D projects ($128,000)Indirect costs reasonably allocable to R&D projects ($50,000)Materials purchased for future R&D projects ($34,000)These costs are all expenses related to the research and development activities the company undertakes, such as acquiring equipment, purchasing materials, and paying for consulting services and personnel costs. These expenses are necessary for the company to conduct its R&D projects and drive innovation.
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A volume-cycled ventilator is in the control mode and the I/E ratio alarm is sounding. Which control adjustment would correct this problem
a. Decrease the flow rate
b. Increase the VT
c. Increase the respiratory rate
d. Increase the flow rate.
Answer:
Option "D" is the correct answer for the following.
Increase the flow rate.
Explanation:
The quantity the ventilator provides differs with adjustments in airway pressure, lung performance and ventilation system integrity.
Volume-cycled ventilators: Air passes to the patient until a fixed volume is supplied to the ventilator system, even if the airway pressure is very high.Inspiratory: Expiratory ratio applies to the inspiratory period scale: time of expiry. ... This offers a 1:2 I: E ratio, which reads "one to two." In asymmetric, this ratio is typically changed due to the increased expiration time. They could have a ratio of 1:3 or 1:4 to I: E.Celgene Corporation, a biopharmaceutical company based in New Jersey, develops cutting-edge drugs in a highly regulated environment. Areas such as informatics and functional genomics evolve on a daily basis, as do the regulations that control the pharmaceutical industry. The stem cell lines Celgene needs for research are very expensive and can be hard to acquire.At celgene, the environment is ______ because of the ______ and _______ because of the _______. resources are ______.
At celgene, the environment is dynamic because of the pace of change and complex because of the number of factors that are changing . resources are scarce .
Explanation:
Business conditions are dynamic in nature, as volatility continues to change. Changes in public policies, changes in market preference and judgment, technological changes, etc., For example. Such changes could be caused by internal and external factors and could have an impact on growth and business survival. This is why it is considered a competitive operating environment.
The dynamic business environment can also trigger economical changes. Falling interest rates can expand an enterprise or its competitors, and quickly change the growth rate of the industry. falling prices may do the same for necessary raw resources
When the Wright brothers designed their aircraft, they built a wind tunnel to model the aerodynamics of different wing designs. Identify each of the factors below as endogenous or exogenous to the Wright brothers' model.
Answer:
Endogenous factors (variables that can be controlled when performing a model test):
aircraft speedwing angleThe Wright brothers used the wind tunnel to improve the design of their aircraft's wings.
Exogenous factors (variables that cannot be controlled when performing a model test):
wind and rain air pressureNo one can control the climate.
The identification of the factors as endogenous or exogenous to the design of the Wright Brothers' aircraft model is as follows:
Endogenous Factors Exogenous Factors
1. aircraft speed wind and rain
2. wing angle air pressure
What is an endogenous factor?Endogenous factors are variables within the control of the Wright Brothers as they designed their aircraft. Examples are given above. The Wright Brothers employed wind tunnel in the design of the aircraft wings.
What is an Exogenous Factor?Exogenous Factors include variables outside the control of the Wright Brothers. For example, they could not control wind and rain (climate) affecting their aircraft design.
Thus, the endogenous and exogenous factors affecting the Wright Brothers' aircraft model have been identified.
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Identify and briefly compare the two leading stock exchanges in the United States today. Write the main differences of the two stock exchanges.
Answer:
The two main leading stock exchanges in the United States are the New York Stock Exchange (NYSE) and the Nasdaq stock market. The NYSE is bigger than the Nasdaq, and it is a physical location exchange where traders meet to buy and sell securities. While the Nasdaq is an electronic dealer based exchange where brokers and dealers are connected electronically.
Process improvement refers to the process of continually evaluating products and services to ensure maximum efficiency is being obtained from them.True / False.
Answer: True.
Explanation:
Process improvement occurs when a business establishment critically analyses it's process of operations, with the central aim of becoming more efficient in their operations. Process improvement is continuously carried out by organizations for constant improvement.
Process improvement involves evaluating and improving processes to ensure maximum efficiency and customer satisfaction.
Explanation:Process improvement refers to the process of continually evaluating products and services to ensure maximum efficiency is being obtained from them. It involves identifying and eliminating ineffective or wasteful processes to achieve better outcomes. Companies use quality techniques to study the variation present in their processes and make improvements to increase productivity. The ultimate goal is to provide customers with what they want consistently and achieve long-term company success.
"________ consists of arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers."
Answer:
Positioning
Explanation:
Positioning -
It refers to the marketing strategy , where the products are marketed in a particular fashion in order to attain some identity of the product in the minds of the consumers , is referred to as positioning.
This method helps for the promotion of each and every goods and services in a distinct manner so that the consumer do not get confused while buying them .
This positioning in maintained during the complete life time of the product .
Hence , from the statement of the question,
The correct term is positioning .
Identify the control that is most likely to prevent the concealment of a cash shortage
resulting from the improper write-off of a trade account receivable:
(1) Write-offs must be approved by a responsible offi cial after review of credit department
recommendations and supporting evidence.
(2) Write-offs must be approved by the accounts receivable department.
(3) Write-offs must be authorized by the shipping department.
(4) Write-offs must be supported by an aging schedule showing that only receivables
overdue by several months have been written off.
Answer:
(1) Write-offs must be approved by a responsible official after review of credit department recommendations and supporting evidence.
Explanation:
The establishment of various levels of approval and strict internal control procedure especially for write-off of receivables will go a long way to control many forms of frauds associated with receivable write-off.
In a standard organization, the credit department are to review the status of long outstanding receivables, identify the bad ones and make necessary recommendations to the approving authorities with the necessary documentations for final action (write-off).
To prevent concealment of a cash shortage due to improper account write-offs, approval of write-offs by a responsible official and review of credit department recommendations with supporting evidence is most effective.
Explanation:The control that is most likely to prevent the concealment of a cash shortage resulting from the improper write-off of a trade account receivable is option (1), where write-offs must be approved by a responsible official after review of credit department recommendations and supporting evidence.
This process ensures that there is oversight and verification of the legitimacy of write-offs, reducing the risk of fraudulent activity and errors. The scenario provided illustrates the importance of such controls, as Noel's attentiveness to a potential overpayment prevented a significant financial mistake.
A(n) ________ in the liquidity of corporate bonds will ________ the price of corporate bonds and ________ the yield on corporate bonds, all else equal.
Answer:
An increase in the liquidity of corporate bonds will increase the price of corporate bonds and decrease the yield on corporate bonds, all else equal.
Explanation:
Bond liquidity refers to how quickly the bonds can be redeemed and converted to cash. This relates to the ease with which an investor can sell his bond.
High liquidity bonds are costly as they are more in demand and an attractive investment for the investors.
Thus, bond liquidity is directly related to it's price.
The yield of a bond refers to the market rate of return and represents the expectation of the bondholder with respect to rate of return.
A high price bond ( high liquidity) usually pays higher coupon rate of interest which is higher than the market rate of return on similar bonds i.e yield to maturity. This means price of a bond is inversely related to it's yield. Higher the bond price, higher the coupon payment, lower the bond yield.
Dynotrix Motors is a large car-manufacturing company. The company purchases raw materials from many small-sized sellers across the globe. In this case, Dynotrix Motors is characterized by:
Answer:
B) high bargaining power over its suppliers.
Explanation:
Dynotrix is a large corporation, as all car manufacturers. They have huge revenues, although they are not always profitable. Car companies purchase billions of dollars worth of supplies and materials every year, therefore, every single vendor wants to work with them. That gives them a high bargaining power, since they buy huge quantities (they purchase everything in millions of units) and vendors are always competing against each other for large purchase contracts.
A _____ is a form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners.
Answer and Explanation:
corporation
Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate, and control a company's operations.True/false
Answer:
False
Explanation:
Managerial accounting is the type of accounting that classifies, analyze, interpret and communicate accounting information of an organisation to the managers of that particular organisation for pursuit and achievement of the organisation's goal. It is mostly for internal use by the managers of the firm to improve the firm's activities directed towards achieving the goal of the organisation. On the other hands, financial accounting is the process of recording, classifying, analyzing, measuring, interpreting and communicating financial data of an organisation to enable users of accounting information makes decision. The users of accounting information include the potential investors, shareholders, government, suppliers, customers etc. Therefore financial accounting is for external use while managerial accounting is for internal use of the business
Consider two points on the PPF: point A, at which there are 50 apples and 40 pears, and point B, at which there are 46 apples and 41 pears. If the
economy is currently at point A, the opportunity cost of moving to point B is_________--
Answer:
4 apples
Explanation:
Given that
Point A = 50 apples and 40 pears
Point B = 46 apples and 41 pears
These points are located on the PPF at which various combinations of products are displayed by available resources and technologies.
So, the opportunity cost of moving from Point A to Point B would be 4 apples which is shown below:
= Point A apples - Point B apples
= 50 apples - 46 apples
= 4 apples
An organization meets its ________ responsibility when its actions voluntarily conform not only to legal expectations but also to the broader values and moral expectations of society.
Answer:
Ethical responsibility.
Explanation:
An ethical responsibility of a business are the things a business is supposed to do/not do such that there might not be a legal procedding against the company if it violates it as it is not codified in the law. A business is supposed to abstain from unlawful activities because it will be punished by the government if it does. However, it is also supposed to conform to the norms and values as its ethical responsibility even if there is nothing stopping them from going against it.
Complete the following sentence: If people think that the price of televisions will decrease in the near future, that belief may cause a(n)
increase in the supply of televisions today.
increase in the price of televisions today.
decrease in the demand for televisions today.
Answer:
decrease in the demand for televisions today.
Explanation:
Consumers are usually interested in paying the lowest possible price for a good or service.
If they expect prices to fall in the future, they would be willing to shift demand into the future and reduce demand now.
I hope my answer helps you.
Answer:Decrease in the demand for televisions today
Explanation:
If the people are expecting a decrease in the price of televisions in the near future, then they will prefer to wait for a while at present so that the prices may go down in the future, this will help them buy televisions at a cheaper rate as compared to the current market rate.
I hope this answer clear your concept.
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Jennifer’s company wants to increase online sales of a featured product by connecting with users who are actively researching similar products. What benefit would a Google Search campaign provide Jennifer?A) Her ads may appear when a user is likely to be interested in her product
B) Her materials will be displayed at the top in organic search results
C) She can instantly have a social media presence with ads
D) Her ads are likely to appear when a user is visiting a competitor’s website
Answer:
Benefit Google Search campaign provide Jennifer would be: Her ads may appear when a user is likely to be interested in her product: Option A.
Explanation:
Google Search Campaigns help the person by displaying the ads along with the results of the products or services one is offering. In other words, it will display ads in the search listings of a Google search.
Statement A best describes the same. Option B is incorrect as it will not be on the top in organic search results. Neither she will have instant social media presence with ads, as per option C. Statement D is also incorrect that her ads will appear on the competitor's website.
When inflation increases, the market value of outstanding fixed income securities will MOST likely:(A)Increase(B)Decrease(C)Remain the same(D)Become very volatile
Answer:
(B)Decrease
Explanation:
Interest rate is inversely related to the market value of fixed interest income securities like bonds, certificate of deposits, preferred stocks e.t.c.
The higher the inflation, the higher the interest rates all things being equal. An increase in interest rate will drive down the market value of fixed income securities because inflation reduces the real returns on fixed income securities.
The following diagram presents a circular flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs.
Based on this model, households earn income when ( A. households B. Firms) purchase (A. goods and services B. resources) in resource markets.
Suppose Sharon earns $575 per week working as a programmer for PC Pros. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Paolo $300 per week to wash cars. Paolo uses $200 to purchase software from PC Pros.
and
1. Paolo spends $200 to purchase software from PC Pros.
- A. Resource Market? B. Product Market market?
2. Paolo earns $300 per week working for Spotless Car Wash
- A. Resource Market? B. Product Market market?
3. Sharon spends $9 to get her car washed.
- A. Resource Market? B. Product Market market?
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.
1. The $300 per week Paolo earns working for Spotless Car Wash
2. The $200 Paolo spends to purchase software from PC Pros
3. Sharon's labor
Answer:
Based on this model, households earn income when B) firms purchase B) resources in resource markets.
Households own labor (individuals' work) and capital (savings and investments) resources.
1. Paolo spends $200 to purchase software from PC Pros.
B) Product Market market?
2. Paolo earns $300 per week working for Spotless Car Wash
A) Resource Market
3. Sharon spends $9 to get her car washed.
B) Product Market market
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs. Check all that apply.
2) The $200 Paolo spends to purchase software from PC Pros
3) Sharon's labor
1) The circular flow model is a representation of the economy that illustrates how money, goods, and services flow between households and Firms. Households own labor (individuals' work) and capital (savings and investments) resources.
Based on the circular flow model, households earn income when B) firms purchase B) resources in resource markets.
2) Paolo spends $200 to purchase software from PC Pros.
Answer: B. Product Market
Paolo earns $300 per week working for Spotless Car Wash.
Answer: A. Resource Market
Sharon spends $9 to get her car washed.
Answer: B. Product Market
Product Market:
The product market refers to the economic marketplace where final goods and services are bought and sold by businesses and consumers. It is the arena where goods and services are produced, distributed, and consumed.
Resource Market:
The resource market, also known as the factor market, is the marketplace where the factors of production are bought and sold. Factors of production include land, labor, capital, and entrepreneurship, which are necessary to produce goods and services.
3) The elements represent a flow from a household to a firm:
1) The $300 per week Paolo earns working for Spotless Car Wash.
This represents a flow from a firm to a household (income earned by Paolo).
2) The $200 Paolo spends to purchase software from PC Pros.
This represents a flow from a household to a firm (payment made by Paolo for purchasing software).
3) Sharon's labor.
This represents a flow from a household to a firm (Sharon's work input as a programmer for PC Pros).
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The Shoe Store has cash of $300, accounts receivable of $700, accounts payable of $800, inventory of $1,300, long-term debt of $1,900, and notes payable in three months of $500. What is the current ratio?
Answer:
Current ratio = 1.77
Explanation:
given data
cash = $300
accounts receivable = $700
accounts payable = $800
inventory = $1,300
long-term debt = $1,900
notes payable 3 months = $500
solution
first we get here Current Assets that is
current assets = $300 + $700 + $1300
current assets = $2300
and now we get current liabilities that is
current liabilities = $800 + $500
current liabilities = $1300
so now we get Current ratio that is
Current ratio = [tex]\frac{2300}{1300}[/tex]
Current ratio = 1.77
The current ratio of the Shoe Store is 1.77.
Explanation:The current ratio is a financial metric used to assess a company's short-term liquidity and ability to cover its current liabilities with its current assets. It is calculated by dividing a company's current assets by its current liabilities. In this case, the Shoe Store's current assets include cash, accounts receivable, and inventory, which sum up to $2300.
The current liabilities consist of accounts payable and notes payable, which sum up to $1300. Therefore, the current ratio is 1.77 ($2300 / $1300).
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