Reference no: EM132468487
Assignment - Answer each of the questions in the following unrelated situations.
(a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $507,000, what is the amount of current liabilities?
(b) A company had an average inventory last year of $203,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year?
(c) A company has current assets of $86,000 (of which $39,000 is inventory and prepaid items) and current liabilities of 539,000. What is the current ratio? What is the acid-test ratio? If the company borrows $16,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be?
(d) A company has current assets of $623,000 and current liabilities of $220,000. The board of directors declares a cash dividend of $189,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?
|
List the competitive advantages of the product
: List the competitive advantages of the product, service or organization you're focusing on: the things that make it different from competitors in positive ways.
|
|
What the amount of costs allocated to the illinois research
: Using revenue as an allocation base, the amount of costs allocated to the Illinois research facility is calculated to be? Organic Laboratories allocate research
|
|
Determine the amount of joint cost
: Determine The amount of joint cost that should have been allocated to the Pork Palace in April is calculated to be, Bradbo owned two adjoining restaurants
|
|
Create a working thesis statement
: Create a working thesis statement and basic research plan that considers context, audience, purpose, and presents potential sources
|
|
What is the current ratio after the declaration
: The board of directors declares a cash dividend of $189,000. What is the current ratio after the declaration but before payment
|
|
What are the tax consequences for robin transaction
: Robin also had a net long-term capital loss in 2017 of $2,000, which it could not use, and ordinary income of $13,000. What are the tax consequences in 2018
|
|
Prepare a maximum informal memo
: Prepare a maximum informal memo and explain to Ms. Skaros why her production cost report showed only 2,000 equivalent units in ending inventory.
|
|
Calculate the rate of interest for weeks two
: Calculate the rate of interest for weeks 2 through 10? I need to know how to calculate in excel. The Bensington Glass Company entered into a loan
|
|
Differences between hearing and listening
: Explain the listening types (informational, critical, and empathic) and stages of listening. Discuss the key differences between hearing and listening
|