Answers
Answer:
Cleans current ratio is = 2.71
Explanation:
The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations.
Current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle.
Current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer.
Current ratio = current assets ÷ current liabilities.
From the question above;
Current assets;
Cash $600
Account receivable $900
Office supplies $400
Total $1900
Current liabilities;
Account payable $500
Salaries payable $200
Total $700
Current ratio = 1900 ÷ 700
Current ratio = 2.71
Related Questions
Identify a true statement about coaching. a. Coaching should never be carried out in groups. b. Coaches make suggestions to clients rather than elicit ideas. c. Coaches clarify an individual's psychological contract.d. Coaching is typically a special investment in top-level managers.
Hill Company uses job-order costing. At the end of the month, the following data was gathered:Job #Total CostComplete?Sold?803$611yesyes804$423yesno805$805nono806$682yesyes807$525yesno808$250nono809$440yesyes810$773yesno811$267nono812$341nonoHill's selling price is cost plus 50% for each of its products. What is the selling price of Job 806
During March, the production department of a process operations system completed and transferred to finished goods 17,000 units that were in process at the beginning of March and 150,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 59% complete with respect to conversion. At the end of March, 34,000 additional units were in process in the production department and were 100% complete with respect to materials and 24% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.
Peter Billington Stereo, Inc., supplies car radios to auto manufacturers and is going to open a new plant. The company is undecided between Detroit and Dallas as the site. The fixed costs in Dallas are lower due to cheaper land costs, but the variable costs in Dallas are higher because shipping distances would increase. Dallas Detroit Fixed costs $ 560 comma 000 $ 780 comma 000 Variable costs $ 30/radio $ 22/radioa) Based on the analysis of the volume, after rounding the numbers to the nearest whole number, Dallas is best below and Detroit is best above ▼ radios. b) Dallas's fixed costs have increased by 10%. Based on the analysis of the volume, after rounding the numbers to the nearest whole number, Dallas is best below and Detroit is best above ▼ 27,500 7,000 24,600 76,996 20,500 radios.
Answers
Answer:
The combination Labour delivery room
Explanation:
Utilization refers to the degree by which available resource
is being used.
It is given by the ratio of total input to total output
The attached file shows a complete solution
Final answer:
Over a three day period, the combined labor and delivery rooms at Dahlia Medical Center had the greatest utilization rate given the number of rooms and babies born.
Explanation:
In order to determine facility utilization rate, we must consider how many babies were born in each type of room, the number of each type of room available, and the time period in question. In this case, the time span is three days. There were 60 babies born in separate labor and delivery rooms, 45 were born in combined labor and delivery rooms, and the remaining 4 babies (109-105) were presumably born in one of the 3 dedicated delivery rooms.
For the labor rooms, the utilization rate calculates as (60 babies/30 rooms)/3 days = 0.67. For the combined labor and delivery rooms, it is (45 babies/15 rooms)/3 days = 1. For the delivery rooms, we deduce that 4 babies were born so the calculation will be (4 babies/3 rooms)/3 days = 0.44.
Therefore, the combined laborand delivery rooms had the greatest utilization rate over the three day period.
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Answers
Answer:
The predicted growth rate is compared at -2%
Explanation:
To calculate growth rate, G.R = X()
In the 1960s,
The carrying capacity of the earth = 13 billion
Earth's population = 3 billion
X =
X =
X = 0.021 × 0.77
X = 0.01617 = 1.6%
Current population calculation:
Growth Current population (C.p) =
Growth Current population (C.p) = 0.016
Growth Current population (C.p) = 0.016(-1.267)
Growth rate = -0.020272 = -2%
The predicted growth rate compare to the actual growth rate of about 1.2% per year at -2%.
Answers
Answer:
raw material inventory turnover = 4.42
number of days sale in raw materials inventory = 21.97
Explanation:
given data
beginning inventory = $930 million
ending inventory = $880 million
purchased raw materials = $3,956 million
used raw materials = $4,006 million
solution
we get here first raw material inventory for turnover that is
raw material inventory turnover = ..............1
here average raw material inventory =
average raw material inventory = $905 million
so from equation 1
raw material inventory turnover =
raw material inventory turnover = 4.42
and
now number of days' sales in raw materials inventory will be as
number of days sale in raw materials inventory = × 365 .............2
put here value
number of days sale in raw materials inventory = × 365
number of days sale in raw materials inventory = 21.97
Answers
Answer:
The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480
Explanation:
For computing the cash disbursements for manufacturing overhead, the calculation is shown below:
= Direct labor cost + Fixed manufacturing overhead
where,
direct labor cost = Direct labor hours × per labor rate
= 6,100 × $3.00
= $18,300
And, in budgeted fixed manufacturing overhead, the depreciation should be deducted as it is a non cash expense.
So,
= Budgeted fixed manufacturing overhead - depreciation
= $103,090 - $18,910
= $84,180
Now apply the above values to the formula.
So, cash disbursements is = $18,300 + $84,180 = $102480
Hence, The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480
Final answer:
The January cash disbursements for manufacturing overhead in Morrish Inc.'s budget are calculated by adding the total variable costs ($18,300) to the fixed costs excluding depreciation ($84,180), amounting to $102,480.
Explanation:
To calculate the January cash disbursements for manufacturing overhead on the Morrish Inc.'s manufacturing overhead budget, we need to separate the overall costs into its components, namely fixed and variable costs.
In this case, the variable overhead rate is $3.00 per direct labor-hour, and the company expects to require 6,100 direct labor-hours in January. This gives a total variable cost of 6100 * $3 = $18,300.
The fixed manufacturing overhead is stated as $103,090, however, this includes a depreciation cost of $18,910. As depreciation is a non-cash expenditure, it should be excluded from the cash disbursements calculation. Therefore, the fixed costs for this calculation will be $103,090 - $18,910 = $84,180.
Add together the variable and fixed costs to get the total January cash disbursements for manufacturing overhead: $18,300 (variable) + $84,180 (fixed) = $102,480.
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Answers
Answer:
a. Gross pay for the week = $2,240
b. net pay for the week = $683
Explanation:
a) gross pay for the week = total amount earned, before the deduction of taxes and other charges, it is calculated as follows:
amount earned per hour = $32
amount earned in excess of 40 hours = 1.5 × 32 = $48 per hour
Total hour worked = 60 hours
This means that in the first 40 hours, the employee earned 32$ per hour and $48 per hour for the next 20 hours
∴ amount earned in the first 40 hours = 32 × 40 = $1,280
amount earned in the next 20 hours = 48 × 20 = $960
∴ Gross pay for the week = 1,280 + 960 = $2,240
b) net pay for the week = Gross pay - (Total deductions)
Deductions are as follows:
social security tax rate = 6.0% of gross pay = 0.06 × 2,240 = $134.4
Medicare tax rate = 1.5% of gross pay = 0.015 × 2,240 = $33.6
Federal income tax = $515
Total deductions = 134.4 + 33.6 + 515 = $683
∴ Net pay for the week = 2,240 - 683 = $1,557
Rating
Default Risk Premium
U.S. Treasury —
AAA 0.60%
AA 0.80%
A 1.05%
BBB 1.45%
National Transmissions Corp. issues thirteen-year, AA-rated bonds. What is the yield on one of these bonds? (Hint: Disregard cross-product terms; that is, if averaging is required, use an arithmetic average.)
10.58%
11.78%
6.00%
2. Based on your understanding of the determinants of interest rates, if everything else remains the same, which of the following will be true?
A) The yield on a AAA-rated bond will be lower than the yield on a AA-rated bond.
B) The yield on a AAA-rated bond will be higher than the yield on a BB-rated bond.
Answers
Answer:
Answer for the question:
"1. The real risk-free rate (r*) is 2.80% and is expected to remain constant into the future. Inflation is expected to be 6.80% per year for each of the next two years and 5.60% thereafter.
The maturity risk premium (MRP) is determined from the formula: 0.10 x (t – 1)%, where t is the security’s maturity. The liquidity premium (LP) on all National Transmissions Corp.’s bonds is 1.20%. The following table shows the current relationship between bond ratings and default risk premiums (DRP):
Rating
Default Risk Premium
U.S. Treasury —
AAA 0.60%
AA 0.80%
A 1.05%
BBB 1.45%
National Transmissions Corp. issues thirteen-year, AA-rated bonds. What is the yield on one of these bonds? (Hint: Disregard cross-product terms; that is, if averaging is required, use an arithmetic average.)
10.58%
11.78%
6.00%
2. Based on your understanding of the determinants of interest rates, if everything else remains the same, which of the following will be true?
A) The yield on a AAA-rated bond will be lower than the yield on a AA-rated bond.
B) The yield on a AAA-rated bond will be higher than the yield on a BB-rated bond."
is explained in the attachment.
Explanation:
Final answer:
The yield on National Transmissions Corp.'s thirteen-year, AA-rated bond is 12.20%. Additionally, a AAA-rated bond will have a lower yield than a AA-rated bond due to lower default risk.
Explanation:
To calculate the yield on the bond, we take into account the real risk-free rate (r*), the inflation rate, the default risk premium (DRP), the maturity risk premium (MRP), and the liquidity premium (LP). Note that the inflation rate is given for two different periods, so we take the average of the two (6.80% and 5.60%).
The formula to calculate yield is: r = r* + Inflation rate + MRP + DRP + LP
- Real risk-free rate (r*) = 2.80%
- Inflation rate (average) = (6.80% + 5.60%) / 2 = 6.20%
- Maturity Risk Premium (MRP) = 0.10 x (13 – 1)% = 1.20%
- Default Risk Premium (DRP) for AA-rated bond = 0.80%
- Liquidity Premium (LP) = 1.20%
Hence, the yield on the bond = 2.80% + 6.20% + 1.20% + 0.80% + 1.20% = 12.20%.
For part 2 of the question, the statement A) is correct. The yield of a AAA-rated bond will be lower than that of a AA-rated bond because the default risk of AAA-rated bond is less, hence a lower default risk premium is required.
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