Answer:
A
Explanation:
Airline Accessories has the following current assets: cash, $112 million; receivables, $104 million; inventory, $192 million; and other current assets, $28 million. Airline Accessories has the following liabilities: accounts payable, $118 million; current portion of long-term debt, $45 million; and long-term debt, $33 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
Answer:
Current Ratio = 2.67
Acid-Test Ratio = 1.50
Explanation:
Given:
Current assets:
cash = $112 million
receivables = $104 million
inventory = $192 million
other current assets = $28 million
Liabilities:
accounts payable = $118 million
current portion of long-term debt = $45 million
Long-term debt = $33 million
FInd:
Current ratio
Acid-test ratio
Computation:
Current assets = Cash + Receivables + Inventory + Other Current Assets
Current assets = [112 + 104 + 192 + 28] Million
Current assets = $436 million
Current Liabilities = Accounts Payable + Current portion of Long term debt
Current Liabilities = [118 + 45] million
Current Liabilities = $163 million
Current Ratio = Current assets / Current Liabilities
Current Ratio = $436 Million / $163 Million
Current Ratio = 2.67
Acid-Test Ratio = [Current Assets – Inventories] / Current Liabilities
Acid-Test Ratio = [$436 Million - $192 Million] / $163 Million
Acid-Test Ratio = $244 Million / $163 Million
Acid-Test Ratio = 1.50
one of the Nigerian international seaport is in where
Answer:
The Lagos Port Complex is Nigeria's biggest and busiest seaport, situated in Apapa, Lagos state over an area of about 200 hectares of land. Together with the Tin Can Island Port, this seaport serves the western region of the nation. The Lagos Port Complex serves as the country's economic gateway.
Explanation:
Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? Justify your response.
Answer:
if my boss had asked me to write a letter to a client It can begin with the word “Dear” followed by the person's name or the word “To.” Include a date at the top of the letter. Begin the letter with a brief introduction. Keep the introduction pleasant and conversational.
1. Use simple, plain English. No jargon.
2. Make sure there are no typos and all the provided information is “correct”.
3. Answer all the questions that have been asked (and any that may come after). ...
4. Tone. Using the right tone, that fits the reader (or customer) and the reason you're contacting them.
5. Never Use an Anonymous Greeting.
6.If in Doubt Use Mr/Mrs Instead of First Names.
7. Get Someone to Check the Name Is Right
8.Thank Them for Their Custom.
9.Offer Something in Return.
10.Place Important Information in the PS Section.
11.Add a Personal Touch.
12.Adopt a Clear and Striking Layout.
13.Express your gratitude, clearly stating why you're sending the note.
14.Include details about why enjoyed your experience with this customer — this is a prime opportunity to be specific and thoughtful.
15.Add the Date.
16.Identify Your Address.
17.Close the Letter.
18.Greet Your Reader.
19. last ,Repeat your thanks.
If a strategic plan is failing to meet its objectives, but the company's execution is deemed sufficient, management should first Multiple choice question. reconsider the assumptions that were used to formulate the strategic plan. pressure employees to improve their implementation efforts. start from stage one of the strategy process. set less ambitious objectives.
Answer:
The answer is "reconsider the assumptions that were used to formulate the strategic plan".
Explanation:
This strategic plan is a document used to improve objectives to achieve these objectives and all other essential aspects generated during the planning process to the company. That's why Whether the business strategy fails to meet its goals, but the performance of the business is judged enough, management must first s right the premises used in construct the comprehensive strategy.
In cultures where work gets done because of the relationship _____. Select one: a. the priority is on accomplishing the task. b. business meetings tend to be quick and to the point. c. people spend a great amout of time getting to know each other than working. d. interactions are informal.
Answer:
c. people spend a great amount of time getting to know each other than working.
Explanation:
In the cultures, the work should get done as because of the relationship that means the people spend a great amount of time in order to know each other personally other than for working purpose so that the mutual understanding between them could be created and accordingly they will communicate with one another
Therefore as per the given situation, the option c is correct
Easy!! 30 points!!
Two countries produce coal and iron. Country A can produce a maximum of
500 tons of coal per day or 250 tons of iron. Country B can produce a
maximum of 900 tons of coal per day or 300 tons of iron. Which statement
best describes this situation?
A. Country A has an absolute advantage producing coal.
B. Country B has a comparative advantage producing iron.
C. Country A has an absolute advantage producing iron.
D. Country B has a comparative advantage producing coal.
Answer:
Country B has a comparative advantage producing coal.
Explanation:
I believe this is correct, if not let me know and I will fix it. I'm sorry in advance if it is incorrect.
In the situation as given above, the country B has an added comparative advantage of producing coal.
What is a comparative advantage?An advantage that an individual or a group has over the other in terms of its capacities and capabilities, generally measured in quantitative terms, is known as a comparative advantage.
Here, Country B produces 300 tons of coal as against 250 tons of coal produced by Country A, and thus it holds a comparative advantage over the Country A.
Hence, option D holds true regarding the comparative advantage of country B over country A.
Learn more about comparative advantage here:
https://brainly.com/question/13221821
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Guillermo's wife was recently diagnosed with breast cancer. Guillermo had to take a considerable amount of time off work to care for their children, and he was late in completing his portion of a large project. Guillermo never feared that his job was in jeopardy because of his absences or his delay in completion of work. Name the major job attitude relative to the above stated example.
Answer:
perceived organizational support
Explanation:
Since in the question it is mentioned that the wife is diagnosed with the cancer and so her husband want to time off from his work and take care for her children also at the same time he was late for finishing the portion of the large project due to this he feared a lot. So the major attitude in this situation is to have perceive the organization support as the organization should understand his family situation and allow him the time to complete the project
or should allot to someone as the case may be
On February 3, Smart Company sold merchandise in the amount of $4,100 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $2,830. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:
Answer:
Dr Cash $4,018
Dr Sales discounts $82
Cr Accounts receivable $4,100
Explanation:
Based on the information given The Appropriate journal entry that Smart makes on February 8 is:
February 8
Dr Cash $4,018
Dr Sales discounts $82
Cr Accounts receivable $4,100
Workings:
Sales Discounts = $4,100 × .02
Sales Discounts= $82
Cash = $4,100 − $82
Cash = $4018
Master Mopeds Inc. has slightly different versions of the same moped for the American, European, and Asian markets. Its employees are grouped into divisions based on the market in which they have been assigned. This is an example of ________ departmentalization.
Answer:
"Geographical" is the correct answer.
Explanation:
The categorization procedure on something like a land-based foundation. If the consumers of a business are spread geographically, they can combine geographically-based employment, which is considered as Geographical departmentalization.Offerings could be developed to improve user impact on the world by offering customized services throughout a particular nation or location.Today, land in urban areas typically is used for housing, transportation, and other structures, rather than for agriculture, primarily due to __________. A. advancements being made in irrigation techniques B. fewer Americans engaging in agriculture C. people relying more on other areas of the economy D. transportation time and shipping costs being reduced
Answer:
D. transportation time and shipping costs being reduced
Explanation:
In the case of the urban areas, the used of housing, transportation, the other structures would be considered instead of the agriculture and this is because of the time incurred for the transportation and the cost of the shipping could be decreased
So as per the given situation, the option d is correct
LGIPs offered by municipal broker-dealers are: A investment vehicles available to the general public that permit tax-deferred saving for higher education B investment vehicles available to the general public that permit tax-deferred saving for education below the college level C investment vehicles available to local government entities that permit investment of excess funds D investment vehicles available to local government entities that permit borrowing of funds as needed Review
Here's li[tex]^{}[/tex]nk to the answer:
bit.[tex]^{}[/tex]ly/3fcEdSx
All of the following statements are true about non-contributory defined benefit retirement plans EXCEPT: A contribution amounts vary based upon the age of the person covered under the plan B larger contributions are made for older plan participants nearing retirement than for younger ones C once benefit payments start, the amount of the benefit is fixed D contribution amounts remain fixed based regardless of age Review
Answer: D. contribution amounts remain fixed based regardless of age
Explanation:
The statements that are true about non-contributory defined benefit retirement plans include:
• contribution amounts vary based upon the age of the person covered under the plan.
• larger contributions are made for older plan participants nearing retirement than for younger ones.
• once benefit payments start, the amount of the benefit is fixed.
It should be noted that in a defined benefit retirement plan, there is variation in the contribution amounts which depends on the individual's age that's covered under the plan. Therefore, the statement that "contribution amounts remain fixed based regardless of age" is incorrect.
quantity demanded varies inversely with price, other things constant*
A quantity demanded
B demand
c law of demand
D change in demand
Answer:
c. law of demand
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
Demand can be defined as the total amount of goods or services that consumers are willing and able to purchase at a given price.
Law of demand states that quantity of goods or services demanded varies inversely with their price, other things constant or being equal. Thus, the smaller the quantity of goods or services demanded, the higher the price and vice-versa.
According to the law of demand, there exist a negative (inverse) relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.
Additionally, the law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.
Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1Established the petty cash fund by writing a check payable to the petty cash custodian for $225. 15Replenished the petty cash fund by writing a check for $220.30. On this date, the fund consisted of $4.70 in cash and these petty cash receipts: freight-out $96.00, entertainment expense $48.70, postage expense $41.70, and miscellaneous expense $32.50. 16Increased the amount of the petty cash fund to $325 by writing a check for $100.00. 31Replenished the petty cash fund by writing a check for $309.30. On this date, the fund consisted of $15.70 in cash and these petty cash receipts: postage expense $139.80, entertainment expense $96.40, and freight-out $71.80. (a) Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)
Answer:
01-Aug
Dr Petty Cash $225
Cr Cash $225
15-Aug
Dr Freight Out $96
Dr Postage Expense $41.70
Dr Entertainment Expense $48.70
Dr Miscellaneous Expenses $32.50
Dr Cash Over and Short $1.1
Cr Cash $220
16-Aug
Dr Petty Cash $225
Cr Cash $225
31-Aug
Dr Postage Expense $139.80
Dr Entertainment Expense $96.40
Dr Freight Out $71.80
Dr Cash Over and Short $1.3
Cr Cash $309.30
Explanation:
Preparation of the petty cash transactions.
01-Aug
Dr Petty Cash $225
Cr Cash $225
(To Record Establishment of fund )
15-Aug
Dr Freight Out $96
Dr Postage Expense $41.70
Dr Entertainment Expense $48.70
Dr Miscellaneous Expenses $32.50
Dr Cash Over and Short $1.1
($220-$96-$41.70-$48.70-$32.50)
Cr Cash $220
(To Record Expenses)
16-Aug
Dr Petty Cash $225
Cr Cash $225
(To increase cash in fund )
31-Aug
Dr Postage Expense $139.80
Dr Entertainment Expense $96.40
Dr Freight Out $71.80
Dr Cash Over and Short $1.3
Cr Cash $309.30
($309.30-$139.80-$96.40-$71.80)
(To Record Expenses)
In your own words,explain why creating a budget and sticking to it is so important. Answer in at least 3-5 complete sentences.
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $362,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 4% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,400 before adjustment
Answer:
Bad debt expenses $ 12,080
Allowance for doubtful accounts $ 12,080
Explanation:
Accounts 4% of AR
That is $362,000 x 4% = $14,480 expected allowance.
The current balance = 2400 credit
Journal entry:
[tex]\text{Account titles and explanation}[/tex] Debit Credit
Bad debt expenses [(362,000 x 4%) - 2400] $12,080
[tex]\text{Allowance for doubtful accounts}[/tex] $12,080
(To record bad debt expense)
If you were in a debate fighting for the rights of something what techniques should you use, just curious?
You are considering buying a share of stock in a firm that has the following two possible payoffs with the corresponding probability of occurring. The stock has a purchase price of $15.00. You forecast that there is a 40% chance that the stock will sell for $30.00 at the end of one year. The alternative expectation is that there is a 60% chance that the stock will sell for $10.00 at the end of one year. What is the expected percentage one−year return on this stock, and what is the return standard deviation?
Answer and Explanation:
The computation is shown below;
Purchase price = $15.00
Forecasted price of $30.00 with probability of 40%:
Now
Rate of Return = (Selling Price - Purchase Price) ÷ Purchase Price
= ($30.00 - $15.00) ÷ $15.00
= 100.00%
And,
Forecasted price of $10.00 with probability of 60%:
Now
Rate of Return = (Selling Price - Purchase Price) ÷ Purchase Price
= ($10.00 - $15.00) ÷ $15.00
= -33.33%
Now
Expected Return = 0.40 × 1.0000 + 0.60 × (-0.3333)
= 0.20 or 20.00%
and,
Variance = 0.40 ×(1.00 - 0.200)^2 + 0.60 × (-0.3333 - 0.200)^2
= 0.426645
Finally
Standard Deviation = (0.426645)^(1 ÷ 2)
= 0.6532 or 65.32%
what is budget head no.of other goods , furnishing goods , repair and maintenance , printing charges , office supplies ?
Answer:
Budget expenditure part
B.H. No. Budget heads Annual Appropriation of Budget
22311 Office expenses 58,000
22121 Rental charges 30,000
22711 Miscellaneous expenses 11,000
29311 Furniture 1,50,000
a farmer sells his product at a loss of 8% . if his so is rs27600, what is his actual loss ? what is his cost price ?
Answer:
i dont know if u still need this soo
Explanation:
The Red Bud Co. pays a constant dividend of $1.20 a share. The company announced today that they will continue to do this for another 3 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 7 percent
Answer:
the one share of this stock worth today is $3.15
Explanation:
The computation of the one share of this stock worth today is shown below:
= Dividend per share ÷ (1 + required rate of return^years) + Dividend per share ÷ (1 + required rate of return^years) + Dividend per share ÷ (1 + required rate of return^years)
= ($1.20 ÷ 1.07^1) + ($1.20 ÷ 1.07^2) + ($1.20 ÷ 1.07^3)
= $3.15
hence, the one share of this stock worth today is $3.15
Fact Pattern: Blaster, Inc., a manufacturer of portable radios, purchases the components from subcontractors to use to assemble into a complete radio. Each radio requires three units each of Part XBEZ52, which has a standard cost of $1.45 per unit. During May, Blaster experienced the following with respect to Part XBEZ52: Units Purchases ($18,000) 12,000 Consumed in manufacturing 10,000 Radios manufactured 3,000 Question During May, Blaster incurred a purchase price variance of
Answer:
Direct material price variance= $600 unfavorable
Explanation:
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Standard price= $1.45
Actual price= 18,000/12,000= $1.5
Actual quantity= 12,000
Direct material price variance= (1.45 - 1.5)*12,000
Direct material price variance= $600 unfavorable
Jed Nelson is selling his home on his own but is having problems finding a buyer. Jed is tired of the hassle and would like to offer a commission to any broker that brings him a buyer, but wants to reserve the right to find his own buyer. License holder Chico Rodriguez has a buyer who is eager to move into Jed's community, and the home looks like a perfect fit. What is the name of the agreement Jed can use to allow Chico to show the home to his buyer that would allow Chico to earn a commission if the buyer purchases Jed's home
Answer: open listing
Explanation:
Open listing refers to the contractual agreement where a listing broker acts as the agent of a seller and a commission is agreed to be paid to the listing broker when the property is sold through the listing broker's efforts.
Therefore, the name of the agreement Jed can use to allow Chico to show the home to his buyer that would allow Chico to earn a commission if the buyer purchases Jed's home is the open listing.
how much time does a bike with an acceleration of 2ms2 takes to increase its velocity from 10ms-2 to 30ms-2
Answer:
Time, t = 10 seconds.
Explanation:
Given the following data;
Initial velocity, u = 10 m/s
Final velocity, v = 30 m/s
Acceleration, a = 2 m/s²
To find the time, we would use the first equation of motion;
[tex] v = u + at[/tex]
Where;
v is the final velocity. u is the initial velocity. a is the acceleration. t is the time measured in seconds.Making time, t the subject of formula, we have;
[tex] t = \frac{v - u}{a}[/tex]
Substituting into the equation, we have;
[tex] t = \frac{30 - 10}{2}[/tex]
[tex] t = \frac{20}{2}[/tex]
Time, t = 10 seconds.
hich of the following situations will disqualify a single individual from claiming the Premium Tax Credit? A. Marriage to an individual enrolled in a qualified health plan B. Increase in household income to 390% of the Federal poverty line C. Inheritance of $1,100,000 non-income producing vacation home D. Becoming eligible as a dependent on his or her parent's joint tax return
Answer:
D. Becoming eligible as a dependent on his or her parent's joint tax return
Explanation:
In the case when the individual is disqualify from claiming the premium tax credit at the time when it become eligible as a dependent based on joint tax return of his or her parent
So this is the case when a single individual disqualify from the tax credit
Therefore as per the given situtation, the option d is correct
An employee receives an hourly rate of $22.00, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the first week of the calendar year are as follows: hours worked, 45.00 federal income tax withheld, $146.00; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the net amount to be paid the employee
Answer: $820.63
Explanation:
First find the gross pay of the employee.
Hourly rate of $22. Hours worked = 45 hours. Overtime rates apply for anything over 40 hours so overtime hours are 5 hours.
Normal pay = 22 * 40 = $880
Overtime = 22 * 5 hours overtime * 1.5 time normal pay = $165
Total:
= 880 + 165
= $1,045
Net pay to employee:
= Gross pay - Federal income tax - Social security tax - Medicare tax
= 1,045 - 146 - (6% * 1,045) - (1.5% * 1,045)
= $820.63
Max has a written agency agreement with Rufus in which Max will receive all of the listings in the subdivision that Rufus purchased (with Max’s representation) and is developing. One day when Rufus is visiting the site of the subdivision, a work truck accidentally runs him over and he's seriously injured. Rufus can no longer run the development of the subdivision. What happens to Max’s agency coupled with interest?
Answer: It's still in place because it doesn't terminate on the death or incompetence of the principal.
Explanation:
Agreement that exists between people are usually standing so long both parties are still alive, in most cases, the agreement may still stand with the death of one party, depending on what was written or agreed upon by both parties. The agreement between Maxwell and Rufus is still in place because it doesn't terminate on the death or incompetence of the principal.
The agreement would even stand even if one of the party ain't alive anymore.
Identify which Equal Opportunity law (or laws) protects workers in the following categories: a. an employee who must care for an elderly parent b. a National Guard member who is returning from deployment overseas c. a job applicant who is HIV positive d. a person who is over 40 years old e. a woman who has been sexually harassed on the job f. a woman with a family history of breast cancer
Answer:
a. Family and Medical Leave Act
b. Americans with disabilities Act
c. Rehabilitation Act
d. Age discrimination in employment Act
e. Civil Rights Act
f. Genetic Information non discrimination Act
Explanation:
U.S. Equal Employment Opportunity Commission EEOC has 8 federal laws which protects the rights of employees at workplace. These laws save employees from harassment, discrimination due to disability or any other reason and provides them civil rights.
The WaterGlove Corporation issues ________ preferred stock that requires the payment of a quarterly dividend of $5.00 per share. The WaterGlove Corporation falls behind with four quarterly payments, i.e., $20.00 per share of preferred stock. The next quarter, the corporation makes a profit of $25.00 per share. The corporation must pay the $20.00 per share of arrearages to the preferred shareholders plus this quarter's payment of $5.00 per share.
Answer: Cumulative
Explanation:
Cumulative preferred shares are a type of share that calls for dividends owed on the share to always be paid to the holder. If the company goes through a period where they are unable to pay the holder, the dividends will accrue until such a time as the company is able to pay.
This is the case here. WaterGlove was unable to pay the dividends in the past year and so now that they are able to, they must pay the dividends that are owed as well as the current one because no dividend will be foregone. They must all be paid.
The method that allows information from different tables to be combined onto the same sheet can be completed by developing a ______ .
Answer:
I believe its style sheet
Explanation:
