assume current assets = $11,300; long-term liabilities = $45,000; and total debt = $54,800. what is the current ratio?

Answers

Answer 1

The current ratio, given the current assets and the total debt, can be found to be 1. 15.

How to find the current ratio ?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations. It's calculated as follows:

Current Ratio = Current Assets / Current Liabilities

Current Liabilities = Total Debt - Long-term Liabilities

Current Liabilities = $54,800 - $45,000

Current Liabilities = $9,800

Now compute the current ratio:

Current Ratio = Current Assets / Current Liabilities

Current Ratio = $11,300 / $9,800

Current Ratio = 1.15

So, the current ratio is 1.15. A current ratio above 1 indicates that the company has more current assets than current liabilities.

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Related Questions

what are the roots of 3m’s culture of entrepreneurship and innovation? what were the key tenets of this culture as they emerged over time? explain your answers in detail

Answers

The roots of 3M's culture of entrepreneurship and innovation can be traced back to its commitment to research and development (R&D), employee empowerment, and a willingness to take risks.

Key tenets of this culture include:

1. R&D investment: 3M consistently allocates a significant portion of its revenue to R&D, which fuels innovation and encourages a culture of continuous improvement.

2. 15% rule: Employees are allowed to spend 15% of their work time on personal projects, which fosters creativity and has led to some of the company's most successful products.

3. Tolerance for failure: 3M's management encourages experimentation and embraces failures as learning opportunities, which cultivates a culture of risk-taking and innovation.

These practices have evolved over time, shaping 3M's culture and helping it maintain a strong position as an innovative leader in the industry.

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What is meant by factors of production​

Answers

The factors of production​: In economics, elements of production are the resources humans use to provide items and services.

Production is the method of making or manufacturing goods and merchandise from raw materials or additives. In different words, manufacturing takes inputs and makes use of them to create an output that is healthy for consumption – an awesome product that has a fee to a given up-user or consumer. production is one of the maximum vital tactics within production and is a core part of what it manner to be a producer. without this hobby, no completed items could be created, and there might be nothing to sell to clients.

Production is the method of making, harvesting, or creating something or the quantity of something that becomes made or harvested. An example of manufacturing is the introduction of furniture. An instance of production is harvesting corn to consume. An example of production is the amount of corn produced. There are 3 common sorts of basic manufacturing systems: the batch gadget, the continuous machine, and the mission device. inside the batch device, widespread-cause devices and techniques are used to provide small portions of output (goods or services) with specifications that modify significantly from one batch to the following.

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Compare two similar companies or products based on their consumers (audience), costs, communications (customer service), and convenience (relevance). When you are finished comparing, explain which product is better for people like yourself.

Compare two similar companies or products based on their consumers (audience), costs, communications

Answers

Answer:

i need this too

Explanation:

what is the q2 2022 quarterly revenue amount implied by the accounts receivable balance and days in a/r?

Answers

The q2 2022 quarterly revenue amount implied by the accounts receivable balance and days in a/r is $ 26.8 mn.

Accounts receivable is the amount owed by a customer to a company for invoiced products or services. The total amount of all accounts receivable is included in the balance sheet as a current asset, including invoices for items or work performed on credit to customers.

Calculating the problem:

Accounts Receivable (A/R) in days = number of working days in quarter × (Accounts receivable/ quarterly revenue)

12 = (91.25)× (3526000/Quarterly revenue)

Quarterly revenue = (3526000 × 91.25)/12

                                       =26812000

                                 =$ 26.8 mn

How do you handle complaints?

Accounts receivable is the amount a company owes a customer for the sale of goods or services. The journal entry used to record such credit sales of goods and services is made by debiting the customer account with a corresponding credit to the sales account.

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What method is used to calculate the monthly finance charge.

Answers

The method that is used to calculate the monthly finance charge is the “average daily balance method.

This method of calculating the finance charge is based on the average daily balance of the account over the entire billing cycle, including new purchases and payments. For each day of the billing cycle, the balance is multiplied by the daily periodic rate (APR/365) to get the daily interest charge.

The sum of the daily interest charges is then divided by the number of days in the billing cycle to get the average daily balance. The finance charge is then calculated by multiplying the average daily balance by the monthly periodic rate (APR/12). This results in the main answer that the “average daily balance method” is used to calculate the monthly finance charge.

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PLS HELP ME I NEED THIS DONE TODAY!!! What does the audience focus on when an entire photograph is in focus? OA. OB. O c. O D. They focus only on the subject of the image. They review the entire image. They mainly focus on the foreground. They mainly focus on the background.​

Answers

The answer is C. They mainly focus on the foreground in photograph.

When an entire is in focus, the audience's focus is not solely limited to the subject of the image. Instead, they tend to review the entire image, taking in all the details and elements present. While the subject may still attract initial attention, viewers often explore the composition as a whole.Photographs that are in sharp focus throughout offer a balanced visual experience, allowing viewers to engage with the foreground, middle ground, and background equally. This encourages them to examine various elements and relationships within the frame. To improve decision making and creativity in teams, several strategies can be employed. First, fostering open and inclusive communication is essential. Encouraging team members to freely express their ideas, opinions, and concerns creates a collaborative environment where diverse perspectives can be considered.Secondly, establishing a clear decision-making process can streamline the team's efforts. Defining roles and responsibilities, setting goals and objectives, and outlining the steps to reach a decision can enhance efficiency and effectiveness.

Encouraging creative thinking and innovation is also crucial. Providing space for brainstorming sessions, idea generation, and exploration of different possibilities allows team members to think outside the box and come up with unique solutions.

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What is the monthly interest payment for an
account with a balance of $120.00 and an A.P.R.
of 10%?
A. $12.00
C. $10.00
B. $1.00
D. $4.00

Answers

Answer:

B. $1.00

Explanation:

Here,

=10% of $120

=$12

Then,

or, 1 year = 12 months

or, 12 months = $12

1 month = $1

So, the monthly interest payment for an

account with a balance of $120.00 and an A.P.R. of 10% is option b, $1.

The Ministry of Misallocation has decreed that the production of widgets must be 5000 each month and that the production of gizmos must be 8000 each month. Calculate the deadweight loss in each market caused by these restrictions?

Answers

The restrictions result in a $10,000 deadweight loss in the widget industry and a $60,000 deadweight loss in the gadget market.

Widget production is required to be 5000 per month, while gizmo manufacturing is required to be 8000 per month, according to the Ministry of Misallocation. We shall determine the deadweight loss brought on by these restrictions in each market.

Widget Store An ineffective distribution of resources results in deadweight loss in a market. Since there must be 5000 widgets produced each month, the suppliers aren't allowed to create more than that amount. It could result in a lack of widgets in the market, which caused the cost of widgets to rise.

However, customers may be willing to purchase more than 5000 widgets at the lower price but are unable to do so due to the restriction. As a result, the market for widgets experiences a deadweight loss.

Deadweight loss is calculated as (1/2) * (P1-P2) * (Q1-Q2) Deadweight loss is calculated as (1/2) * (P1-P2) * (Q1-Q2).

Deadweight loss is calculated as (1/2) * (10-12) * (6000-5000).

$10,000 deadweight loss

Device MarketGizmo production is capped at 8000 per month, much like the widget industry, therefore vendors aren't allowed to make more than that amount. This could result in a dearth of gadgets on the market, driving up prices. in the cost of gadgets.

However, customers might be wanting to purchase more than 8000 gadgets at the lower price but are unable to do so due to the restriction. As a result, the market for gadgets loses deadweight as a result.

Deadweight loss is equal to (1/2)*(P1-P2)*(Q1-Q2)

Deadweight loss is equal to (1/2)* (16–20)*(10,000–8000).$60,000 deadweight loss

In conclusion, the limits have resulted in a $10,000 deadweight loss in the widget industry and a $60,000 deadweight loss in the gadget market.

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You are a member of the board of directors for Selfless Health, an integrated delivery system that includes an academic medical center, three community hospitals, a long term care facility, and a home health agency. Selfless Health struggles to operate in the black, in fact any years where the system does not lose money is considered an achievement. The board has been approached by MMC (Massive Mega-Capital, a venture capital firm) with an offer to acquire the health system.

The board chair has asked you to provide a summary analysis comparing not-for-profit and for-profit health systems. What are the benefits and risks of each model? Is there evidence of the superiority of either system? Does your home state allow for-profit ownership of hospitals? Conclude your summary with a recommendation for Selfless Health. Should it accept the takeover? Why or why not?

Answers

Not-for-profit health systems are typically exempt from taxes. For-profit health systems are driven by the bottom line and typically have more capital for investment. Yes, there are evidence of the superiority of either system. It depends from state to state as law differs. An analysis of the unique context of the organization should be conducted to determine the best option for Selfless Health. So according to the report it should decide.

There are distinct benefits and risks of both not-for-profit and for-profit health systems. Not-for-profit health systems are typically exempt from taxes, are governed by a board of directors, and have more flexibility in the types of services they can offer.

On the other hand, for-profit health systems are driven by the bottom line and typically have more capital for investment and operations. However, these systems may struggle with providing care for the underserved, as well as limiting transparency and facing external pressures from shareholders and investors.

Evidence does suggest that there is no superiority of either system; each one provides different benefits and carries different risks. It is also important to note that the laws and regulations regarding for-profit ownership of hospitals vary by state, so it is important to determine if your home state allows such ownership.

In conclusion, the board of directors at Selfless Health should carefully consider all the benefits and risks of both not-for-profit and for-profit systems before deciding whether or not to accept the takeover. An analysis of the unique context of the organization should be conducted to determine the best option for Selfless Health.

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You need to keep an inventory of all company computers. You want to use a mechanism that will help you to identify the assets. What should you use to accomplish this

Answers

Answer: Labeling

Explanation:

The mechanism that can be used to keep an inventory of all company computers in order to help identify the assets is referred to as labeling.

Labeling is simply defined as the display of information about a certain product. This is vital to help customers easily identify the good and also makes it different from other.

In accounting for revenue recognition under ASC Topic 606, revenue can be recognized before a contract exists when cash has been received and:
Multiple Choice
Goods have already been delivered to a customer, and there is no further obligation for the seller to deliver goods or services.
The cash has been received for goods identified to be delivered and the cash is refundable.
The cash has been received for goods or services to be delivered and the cash is nonrefundable.
Revenue should never be recognized before a contract exists.

Answers

The correct answer is a) Goods have already been delivered to a customer, and there is no further obligation for the seller to deliver goods or services.

According to ASC Topic 606, revenue can be recognized when control of goods or services has been transferred to the customer, and the customer is able to use and benefit from the goods or services.

In this case, the seller has already delivered the goods, and there are no further obligations to fulfill, so control has been transferred to the customer. Therefore, revenue can be recognized even though a contract has not yet been established.

The other options provided are not correct because:

The cash being refundable or nonrefundable does not determine when revenue can be recognized under ASC Topic 606.Revenue can be recognized before a contract exists in certain circumstances, such as when the criteria for recognizing revenue have been met.

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Complete question:

In accounting for revenue recognition under ASC Topic 606, revenue can be recognized before a contract exists when cash has been received and:

Multiple Choice

a)Goods have already been delivered to a customer, and there is no further obligation for the seller to deliver goods or services.

b)The cash has been received for goods identified to be delivered and the cash is refundable.

c)The cash has been received for goods or services to be delivered and the cash is nonrefundable.

d)Revenue should never be recognized before a contract exists.

Does decreasing the value of the local currency contributes in the increase of the economic growth rate

Answers

Answer:

Yes

Explanation:

Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are  most likely to purchase cheap goods.

The economic growth rate of a nation is  the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.

The spot rate of the euro today is 1.0360/€. The three-month futures price for the euro is $1.0940/€. You expect the spot price three months from today to be $1.1280€. The euro contract size is €125,000.

a. If you decide to buy 95 euro futures contracts, how much money do you need today as your initial investment (other than the margin you may need to post)?
b. If you have available $1.25 million to speculate in the futures market as a buyer, how maty contracts can you buy assuming no margin requirement?
c. How much profit would you make if you buy 100 euro contracts and the spot price of the euro at futures expiration ended up at $1.1260/€ ?
d. If you were an MNC and you buy raw materials and parts from a German supplier for €64 million that are due to be paid in three months, would you buy or sell the euro futures if you decide to hedge your position? Explain your answer.
e. How many contracts would you buy or sell? What would be the dollar value of your exports when your euro receipt comes due?
f. How much would be your profit/loss from the foreign exchange transaction if the spot rate three months from today ended up at $1.1380/€ ?

Answers

The response provides explanations for various scenarios involving euro futures contracts, including calculating initial investment, determining the number of contracts based on available funds, etc.

a. To calculate the initial investment for buying 95 euro futures contracts, we need to consider the contract size and the futures price.

Each euro futures contract has a size of €125,000.

So, the total value of 95 contracts would be 95 * €125,000 = €11,875,000.

To convert this to dollars, we use the spot rate of 1.0360/€. Therefore, the initial investment in dollars would be €11,875,000 * 1.0360 = $12,295,000.

b. If you have $1.25 million available to speculate in the futures market without considering margin requirements, you can calculate the number of contracts you can buy by dividing the available amount by the contract size:

Number of contracts = $1,250,000 / €125,000 = 10 contracts

c. To calculate the profit from buying 100 euro contracts, we need to consider the difference between the futures price and the spot price at expiration.

Profit per contract = Spot price at expiration - Futures price

Profit per contract = $1.1260/€ - $1.0940/€ = $0.0320/€

Total profit = Profit per contract * Number of contracts

Total profit = $0.0320/€ * 100 = $3.20 per euro contract

d. If you are an MNC buying raw materials and parts from a German supplier for €64 million due in three months, you would want to hedge your position to mitigate the risk of adverse exchange rate movements. To hedge, you would sell euro futures contracts.

e. To determine the number of contracts you would need to sell, divide the value of your euro receipt by the contract size:

Number of contracts = Value of euro receipt / Contract size

Number of contracts = €64,000,000 / €125,000 = 512 contracts

The dollar value of your exports when your euro receipt comes due would be calculated by multiplying the number of contracts by the spot rate:

Dollar value of exports = Number of contracts * Spot rate

Dollar value of exports = 512 * $1.1280/€ = $577,536

f. To calculate the profit/loss from the foreign exchange transaction, we need to consider the difference between the spot rate at the time of the transaction and the spot rate at the future date.

Profit/loss per euro contract = Spot rate at expiration - Spot rate at transaction

Profit/loss per euro contract = $1.1380/€ - $1.0360/€

                                               = $0.1020/€

Total profit/loss = Profit/loss per euro contract * Number of contracts

Total profit/loss = $0.1020/€ * 100

                          = $10.20 per euro contract

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There is a bond that has a quoted price of 110.547 and a par value of $2,000. The coupon rate is 7.05 percent and the bond matures in 19 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

Answers

Answer:

the YTM of the bond is 127.55 %

Explanation:

The YTM of the bond is the Market return that similar Bond Holders expect from the bond.

This can be calculated using a Financial calculator as :

PV = - $ 110.547

FV =  $2,000

PMT =  $2,000 x 7.05 % x 1/2 = $70.50

N = 19 x 2 = 38

P/yr = 2

YTM = ???

Therefore, the YTM of the bond is 127.55 %

Explain why having an accurate credit report is important.

Answers

Answer:

A credit report can act as a shining light into your financial background, helping reveal personal payment history and lending and credit worthiness. It can even serve as a sentinel against identity theft and consumer fraud. Also, Companies you do business with check your credit. Many companies you do business with will use your credit score and credit report to determine how responsible you are.

Hope this helps :)

suppose the economy is at point a. if consumer spending increases in the economy, where will the next short-run equilibrium be?

Answers

The short-run equilibrium will shift from point A to point B.

When consumer spending increases, the aggregate demand curve shifts rightward, increasing the equilibrium output and price level.

As a result, the economy moves to a higher equilibrium level, known as point B. This new equilibrium level is characterized by a higher output and price level, compared to the original equilibrium point A.

When consumer spending increases, it leads to a shift in the aggregate demand curve. This shift increases the demand for goods and services, leading to a higher equilibrium output and price level.

The increase in demand and output leads to a higher equilibrium point (point B) than the initial equilibrium point (point A). As the economy moves to point B, it experiences higher output and price level than before.

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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by

Answers

Answer:

see. I hope it's helpful for you lol

Explanation:

i need friend lol can you my friend
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,

Social security is 6. 2% of your total income. Suppose that your weekly pay is $850. For any given month, what is your total contribution to social security? hint: assume there are 4 weeks in a month. A. $198. 32 c. $208. 95 b. $205. 65 d. $210. 80.

Answers

Answer:

The answer is A.

Explanation: Thank you.

how does the law of diminishing marginal utility affect the quantity consumed

Answers

The law of diminishing marginal utility states that as a consumer consumes more of a good or service, the additional satisfaction or utility they derive from each additional unit consumed decreases over time.

This means that the more a person consumes of a particular good or service, the less satisfaction they will get from each additional unit consumed.

As a result, the law of diminishing marginal utility can affect the quantity consumed by consumers. As they consume more of a good, the satisfaction they receive from each additional unit consumed decreases, and they may reach a point where they are no longer willing to pay the same price for each additional unit.

marginal utility can lead to a decrease in the quantity consumed, as the consumer may choose to spend their money on a different good or service that provides greater satisfaction or utility.

Overall, the law of diminishing marginal utility plays an important role in consumer behavior and can have a significant impact on the quantity consumed of a particular good or service.

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which document must the borrower receive at least three days before the signing appointment?

Answers

The document  the borrower must receive at least three days before the signing appointment is: Closing Disclosure.

Closing disclosure is a loan document that contains all the information about the what loan entails.

This closing disclosure tend to contain the following:

The loan termsTransaction detailsClosing informationProjected paymentsClosing costsSummary of loan transaction etc

Closing disclosure document must be received by the borrower at least three days before the borrower sign the appointment so as to give  the borrower time to go through the document or to review the documents and have good understanding of  the loan terms and condition before signed the appointment.

Inconclusion the document  the borrower must receive at least three days before the signing appointment is: Closing Disclosure.

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Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could make the official rate overstate the actual unemployment rate

Answers

Answer:

people simply quit looking for jobs.

Explanation:

In order to be considered unemployed, you must be out of work for at least four weeks and be actively seeking a new job. But if after 6 months, or 1 or even 2 years, you cannot get a new job, then you might simply quit looking for one. Since you quit looking for a job, you are not considered unemployed.

Who has a tw octane on rocket leage?

Answers

Answer:

I do :)

Have a great day!

Answer:

me

Explanation:

Which describes the most likely effect of the Fed lowering the discount rate on
overnight loans?
an increase in unemployment
a reduction in the inflation rate
an increase in the money supply
a decrease in the money supply

Answers

Answer:  An increase in the money supply.

Explanation:

Answer:

c

Explanation:

involves illegally using someone's personal information to obtain money O A. Insurance fraud O B. Identity theft • c. Securities fraud O D. Tax fraud

Answers

involves illegally using someone's personal information to obtain money were Identity theft.

What is information?

Information is a general term for everything with the capacity to inform. Information is most fundamentally concerned with the interpretation of what may be sensed. Any naturally occurring process that is not entirely random, as well as any discernible pattern in any medium.

The term Identical theft refers to that, There was the crime of obtaining some personal as well as financial information. As the other person, uses the identically the commit, As there are certain frauds. As made in the identity for committing fraud.

Therefore, The Right option (B) is correct.

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Answer:

Identity theft

Explanation:

Select the correct answer.
What does the Electronic Fund Transfer Act do?
O A.
It protects banks from malware and hackers.
O B. It establishes consumer rights relating to electronic banking.
• C.
gives the PCI Security Standards Council the right to monitor banks,
O D.
It defines the illegal activities in which hackers engage.

Answers

Answer:

Explanation:

establishes consumer rights relating to electronic banking.

round 312,5 up to rand​

Answers

Answer:

313 rand

Explanation:

To round up any number, ynetraing decimal. Value is accessed if the value is less than or equal 4 , we round the value to 0 ; however, if the value is greater Than or equal to 5 ; we round up to 1 and add to the preceeding digit or value.

In this case ; 312. 5 will be rounded to 313 ;

Since th trailing digit is 5 ; we round up to 1 and add to the preceeding value ; 2 + 1 = 3

Hence, 313 rand

Detecting gaps in records and duplicate entries is referred to as _______ and is an example of _______ analytics.

Answers

Answer: Sequence check; diagnostic

Explanation:

A sequence check is carrying out test on a list of items for accurate order in which they are arranged or are placed based on the key item with which they are being identified.

Diagnostic analysis takes a deep insight into a study(descriptive analysis) then finds out the cause of such outcome.

Detecting gaps in records and duplicate entries is referred to as a sequence check which is a type of diagnostic analysis.


Which of the following is an example of human resources planning?
A. An employee complains to his manager that he is being asked to
work too many hours.
B. An HR manager talks with department managers to determine
which workers are needed,
C. Two workers disagree with each other about the sufficiency of the
benefits the HR department offers,
D. A CEO talks with the HR manager about the value of the company
and decides that it needs to grow.
SUBMIT

Answers

Answer:

B. An HR manager talks with department managers to determine which workers are needed,

Girls show preferences for developing intimate friendships that enhances their _______________ development as compared to boys, who tend to play in larger groups

Answers

Girls tend to show preferences for developing intimate friendships that enhance their socioemotional development, while boys tend to play in larger groups.

In terms of socioemotional development, girls often exhibit a preference for developing intimate friendships. They tend to prioritize building close, deep connections with a select few individuals. These intimate friendships provide girls with emotional support, empathy, and opportunities for self-disclosure and self-expression. Through these relationships, girls can develop their social and emotional skills, such as empathy, communication, and conflict resolution. On the other hand, boys often engage in play activities that involve larger groups. They tend to participate in more competitive and physically active games, such as sports or group-based activities.

Boys' play patterns often revolve around team dynamics, hierarchy, and group coordination. Playing in larger groups can provide boys with opportunities to develop skills related to teamwork, leadership, negotiation, and cooperation. While these general patterns exist, it is important to note that individual preferences and behaviors may vary. Not all girls prefer intimate friendships, and not all boys exclusively engage in group play. Sociocultural factors, personal experiences, and individual differences can influence how children navigate their social relationships and preferences for different types of interactions.

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What is the purpose of collateral in a secured loan?

Answers

Answer:

To reduce risks against default.

Other Questions
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