BUSINESS COLLEGE

Wildhorse Corp. has total current assets of $12,152,000, current liabilities of $5,849,000, and a quick ratio of 0.94. How much inventory does it have?

Answers

Answer 1
Answer:

Answer:

Wildhorse Corp. has inventory of $6,653,940

Explanation:

The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940


Related Questions

MIDDLE SCHOOL

Wt are the difference between cash discount and trade discount?any entry need to be made?

Answers

A discount given by the seller to the buyer as a deduction in the list price is trade discount. A deduction in the amount allowed by the seller to the buyer in return for immediate payment is cash discount
COLLEGE

Quartz Instruments had Retained Earnings of $150,000 at December 31, 2018. Net income for 2019 was $95,000, and dividends for 2019 were $35,000. What amount of Retained Earnings should be reported at December 31, 2019?a. $185,000 b. $210,000
c. $245,000
d. $150,000

Answers

Answer:

The answer is B. $210,000

Explanation:

Retained Earnings is the part of profit that is not spent. It is put back into the business after the dividend must have been paid from profit for the year.

Ending retained earnings = beginning Retained Earnings plus net income minus dividend

Beginning Retained Earnings is $150,000

Net income is $95,000

Dividend is $35,000

Therefore amount of Retained Earnings at December 31, 2019 is

$150,000+$95,000-$35,000

=$210,000

HIGH SCHOOL

Which of the Ten Principles of Economics does welfare economics explain more fully?A. The cost of something is what you give up to get it.B. Markets are usually a good way to organize economic activity.C. People respond to incentives.D. Rational people think at the margin.

Answers

Answer:

A

Explanation:

COLLEGE

In evaluating different market segments, the firm must look at two factors: the segment's overall attractiveness and the ________.

Answers

Answer: Company objective and the resources

Explanation:

For evaluating the different types of marketing segment of an organization it basically involve the two main factors such as the overall segments's attractiveness and also the main objective of the company and its resources.

 By evaluating the marketing segment we can easily evaluating each segment of the company so that the company producing the desirable result according to the consumer requirements.

The company objective is one of the type of goals of the company that helps in achieving the desirable result and the opportunities. Therefore, Company objective and the resources is the correct answer.  

COLLEGE

Margaret, a salesperson, always wins the best salesperson award in her company. margaret's success is due to a strategic prospecting plan, which helps ensure that:​ a. ​she stays up-to-date with the activities of all the competitors of her company.
b. ​she has the best verbal communication skills in her company.
c. ​she is friends with the other salespeople in her company.
d. ​she always contacts her prospects unannounced with a telephone call.
e. ​she sets aside five hours every week for prospecting.

Answers

Margaret, a salesperson, always wins the best salesperson award in her company. margaret's success is due to a strategic prospecting plan, which helps ensure that she sets aside five hours every week for prospecting. Only when she devoted five hours every week for prospecting, then only the prospecting was turned into a strategic prospecting pan and due to which she won the award for best salesperson of the year.
COLLEGE

The Florida lottery agrees to pay the winner $250,000 at the end of each year for the next 20 years. What is the future value of this lottery if you plan to put each payment in an account earning 9 percent?

Answers

Answer:

FV= $12,790,029.91

Explanation:

Giving the following information:

The Florida lottery agrees to pay the winner $250,000 at the end of each year for the next 20 years. What is the future value of this lottery if you plan to put each payment in an account earning 9 percent

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {250,000*[(1.09^20)-1]}/0.09= $12,790,029.91

HIGH SCHOOL

Craig, one of the senior managers at Clayton Inc., insisted that company supervisors handle employee relations as part of their jobs. Which of the following statements strengthens Craig's argument?Select one:a. The supervisors represent the company on a day-to-day basis.b. The supervisors have the business experience to take up additional responsibilities. (incorrect)c. The supervisors do not hold any stakes in the organization.d. The supervisors are not a part of the employees' union.e. The supervisors are responsible for any action taken by the employees. (Incorrect)

Answers

Answer:

The supervisors represent the company on a day-to-day basis.

Explanation:

Craig said that the supervisors take employee relations as part of their jobs.

The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.

COLLEGE

A form of foreign direct investment, where a domestic company purchases a company in a foreign country to produce a similar product or service, is a __________. A. licensor.
B. joint venture.
C.foreign subsidiary.
D. host company.

Answers

Answer:

c. foreign subsidiary

Explanation:

Foreign subsidiary -

It refers to a company which is partially or completely , part of some large firm , whose main office is located in some other country , is referred to as a foreign subsidiary .

It is a form of foreign direct investment method , where a company purchases any other company , where the company supposed to manufacture , sell or produce the same type of goods and services .

Hence, from the given information of the question,

The correct option is c. foreign subsidiary .

HIGH SCHOOL

"Cleaners & Solvents, Inc. (CSI), engages in deceptive advertising when it markets its product Dirt Remover as able to kill germs over long periods of time. In an action against CSI regarding Dirt Remover, the firm is ordered to stop its false advertising of Dirt Remover and other products. This is_________.

Answers

Answer: A multiple product order

Explanation:

A multiple product order is an order by the regulating body (Federal Trade Commission) to curb and desist from deceptive advertising of not only the target product but all the products produced by a particular firm that is engaged in deceptive advertising. Such as in the case above, the order to CSI is not only to stop its false advertising of dirt remover but also other products produced by CSI

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