At December 31, 2022.
a) Current ratio = 2.90
b) Accounts Receivable Turnover = 5.23
c) Average Collection Period= 70 days
d) Inventory Turnover = 3.67
e) Days in Inventory = 99 days
f) Free Cash Flow = $8,200
(a) Current ratio = Current Assets / Current Liabilities
Current Assets = Cash + Accounts Receivable (net) + Inventory
= $16,140 + $75,320 + $64,560
= $156,020
Current Liabilities = Accounts Payable
= $53,800
Current Ratio = $156,020 / $53,800
= 2.90
(b) Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
Net Credit Sales = Sales on account - Sales Returns and Allowances
= $392,900 - $27,300
= $365,600
Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
= ($64,560 + $75,320) / 2
= $69,940
Accounts Receivable Turnover = $365,600 / $69,940
= 5.23
(c) Average Collection Period = 365 days / Accounts Receivable Turnover
= 365 days / 5.23
= 69.79 days
≈ 70 days
(d) Inventory Turnover = Cost of Goods Sold / Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= ($53,800 + $64,560) / 2
= $59,180
Inventory Turnover = $217,300 / $59,180
= 3.67
(e) Days in Inventory = 365 days / Inventory Turnover
= 365 days / 3.67
= 99.45 days
≈ 99 days
(f) Free Cash Flow = Net Cash Provided by Operating Activities - Capital Expenditures - Cash Dividends
= $57,200 - $30,000 - $19,000
= $8,200
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when a country that imports a particular good imposes a tariff on that good,
When a country that imports a particular good imposes a tariff on that good, consumer surplus decreases, and total surplus decreases in the market for that good. Therefore, the correct answer is option A.
A tariff is a tax imposed on imported goods, which makes them more expensive for consumers to purchase. This results in a decrease in the quantity demanded of imported goods and a reduction in consumer surplus.
Furthermore, the imposition of the tariff increases the price of the imported good and reduces the quantity demanded by consumers. Consequently, producers will be able to sell fewer units, which also reduces the total surplus in the market.
Overall, the implementation of a tariff reduces the gains from trade, which is represented by the decrease in the consumer surplus and the total surplus in the market. The only parties that benefit from the imposition of tariffs are domestic producers, who are now able to charge higher prices for their goods, at the expense of consumers who pay more for the imported goods.
Complete question:
When a country that imports a particular good imposes a tariff on that good,
a. consumer surplus decreases and the total surplus decreases in the market for that good.
b. consumer surplus increases and total surplus increases in the market for that good.
c. consumer surplus decreases and total surplus increases in the market for that good.
d. consumer surplus increases and total surplus decreases in the market for that good.
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Tiffany always asks Samantha about beauty supply products. She considers her a well-informed friend who always knows the latest trends. For Tiffany, Samantha is a(n) ___________ in the diffusion of innovation curve.
Tiffany always asks Samantha about beauty supply products. She considers her a well-informed friend who always knows the latest trends. For Tiffany, Samantha is a(n) Innovators in the diffusion of innovation curve.
Samantha is likely an early adopter in the diffusion of innovation curve. Early adopters are individuals who are typically well-informed and enjoy being among the first to try new products and services. They also have a significant influence on the opinions and behaviors of others in their social circle. In this case, Tiffany considers Samantha as a well-informed friend who knows the latest trends in beauty supply products, which suggests that Samantha is an early adopter in this context.
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Introduction Develop an introductory paragraph keeping in mind that research is important when choosing your Stock Market Game portfolio and investing successfully for your own future.
Equity purchasing and selling decisions are made by investors and traders utilizing stock analysis. Investors and traders can obtain an advantage in the markets and make wise judgments by analyzing and comparing historical and current data. It is crucial to do your research on the stock market before you invest.
What is Stock Market Game?The Stock Market Game is a virtual recreation of the world's capital markets that introduces economics, investing, and personal finance to children in grades 4 through 12. It has helped approximately 20 million kids get ready for a future when they can support themselves financially.
By simulating the stock and bond markets, it introduces young people to investing and saving. Students get access to a $100,000 virtual financial portfolio that they can trade and manage.
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The difference between an interest rate of 5.4% on a 10-year corporate bond and an interest rate of 2.4% on a 10-year government bond is called
Answer:
The risk premium, is the right answer.
Explanation:
The difference between the interest rates of 10-year corporate bond and the 10-year government bond is termed as the “risk premium” because it is the rate of return that an investment offers or gives over the period and above the risk-free rate of return. Here risk-free rate is the return on the when there is no probability of financial loss. Therefore, government bonds have risk free returns because there is no financial loss associated with these bonds.
renting a bike at a kiosk in a large city is an example of
Renting a bike at a kiosk in a large city is an example of bike sharing. Bike sharing is a system where bicycles are made available for shared use to individuals on a short-term basis. It typically involves renting a bike from a kiosk or docking station and returning it to another station in the city.
Bike sharing programs have become increasingly popular in large cities as a way to promote sustainable transportation options and reduce traffic congestion. Bike sharing programs allow individuals to rent a bike for a short period of time, typically for a few hours or a day, and return it to a designated location in the city. The bikes are often equipped with technology that allows users to unlock them with a code or a membership card, making it easy to pick up and drop off bikes at any time.
Bike sharing has become a popular way for commuters and tourists to get around in cities, especially in areas with heavy traffic and limited parking options. It also promotes healthier and more environmentally-friendly transportation options, as biking is a low-carbon alternative to driving or taking public transit. Bike sharing programs have become increasingly popular in large cities as a way to promote sustainable transportation options and reduce traffic congestion.
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Approximately what portion of global employers tends to use social media websites to hire new employees?
A.
30 percent
B.
40 percent
C.
50 percent
D.
60 percent
E.
70 percent
I'm pretty sure it is B. 40 percent
The portion of global employers who tends to use social media websites to hire new employees is approximately 30 percent.
What do you mean by employees?A person refers to the employee who gets paid to work for a person or company.
The approximate portion of global employers who tends to use social media websites to hire new employees is 30 percent.
Therefore, A is the correct option.
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Elena Fowler is applying for a loan from a bank. The bank knows she owns a house worth $160,000 and a car with a trade-in value of $12,000 as well as other personal assets worth approximately $44,000. Which one of the 5 Cs of credit is the bank looking at?
The bank is looking at Elena Fowler's collateral when considering her loan application. Collateral is one of the five Cs of credit, and it refers to the assets a borrower can pledge to secure a loan.
Collateral refers to the assets or property that a borrower offers as security for a loan.
The other 4 Cs of credit are Capacity (the borrower's ability to repay the loan), Capital (the borrower's net worth), Character (the borrower's credit history and reputation), and Conditions (the overall economic conditions and how they may affect the borrower's ability to repay the loan).
In this case, Elena Fowler owns a house worth $160,000, a car with a trade-in value of $12,000, and other personal assets worth approximately $44,000, which she can use as collateral for her loan.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Ivywood Country Club recently hired Spencer to find additional resources, make major decisions involving membership, and develop ideas for new swag to be sold in the pro shop. What unique skill did the club MOST likely need when they hired Spencer?
capital capacity
labor talent
entrepreneurial ability
Answer:
entrepreneurial ability
Explanation:
Entrepreneurial ability is the capacity to understand every aspect of a business. It entails combining a range of technical, management, and personal skills. Entrepreneurial ability incorporates creativity, ambition, determination, teamwork, risk management, and a sense of responsibility.
Spencer must have Entrepreneurial abilities; that's why the club hired him. The club believes that his creativity and determination will be useful in finding additional resources. Spencer can recognize, attract, and retain talent. Entrepreneurial abilities involve taking over a business that already exists and making it better.
how long does it take for tax refund to show in bank account after approved
Answer:
Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.
Explanation:
Bob sells tires. He knows that his weekly sales drop if he increases the unit price p (in dollars). The weekly sales are given by an unknown function N(p). His weekly revenue is R(p)=pN(p). Bob is currently selling tires for 100 dollars each. His weekly sales are running at 120 tires per week, so N(100)=120. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N′(100)=−0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price.
Answer:
Increase in weakly revenue = $9.8
Explanation:
Price (P) = 100, Demand or Sales N (P) = 120.
So revenue R(P) = P x N(P) = 120 x 100 = 120000
Given : 2 sales per week lost for 10 units increase in price.
New price (P') = 110 , New Demand or sales N' (P) = 118
So new revenue R' (P) = P' x N' P = 110 x 118 = 12980
Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980
So, change in total revenue due to one unit price rise = 980/ 10 = 9.8
Increase in weakly revenue = $9.8
Revenue refers to money and it is generated from normal business operations, Also it is calculated as the average sales price times the number of units sold.
RevenuePrice (P) = 100, Demand or Sales\(N (P) = 120.\)
So The revenue is \(R(P) = P x N(P) = 120 x 100 = 120000\)
Then Given information are: 2 sales per week lost for 10 units increase in price.
Now the New price is\((P') = 110\) , New Demand or sales\(N' (P) = 118\)
So new revenue\(R' (P) = P' x N' P = 110 x 118 = 12980\)
Change in Total revenue due to 10 units price rise =\(12980 - 120000 = 980\)
Thus, It is changed in total revenue due to one unit price rise = \(980/ 10 = 9.8\)
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what are some strategies that you can use to prepare to file taxes each year? What would be he benefits of these strategies?
Strategies which can be used to prepare for filing taxes each year are by keeping a proper record of expenses and receipts by filling them out, sorting out each piece of documentation that will be required at the time of filing tax, and one can create folders and sub-folders also.
The benefits of these strategies are:
It will help in avoiding added penalties or interests.
It will keep track of future refunds.
A portion or the entire refund can be used to pay back any owed taxes, among other things.
What is tax filing?"Tax filing" or "tax return" means filing a document with a tax authority. In that document, reports about income, expenses, and information about other financial activities are filled in.
Filing a tax return is entirely dependent on income. There are certain guidelines within which one can file a tax.
Therefore, with the usage of strategies, one can prepare tax file each year.
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potential pitfalls of social media and the enterprise include
The potential pitfalls of social media in the enterprise include reduced productivity, increased turnover, and psychological stress on employees. Employees' use of social media can affect their job involvement and organizational citizenship behavior .
What are the top 3 problems with social media?
Social media can be used for a variety of negative things, including bullying and exclusion, the normalisation of risk-taking behaviour, unrealistic expectations about body image, and sources of popularity.
Additionally, leniency bias in performance ratings can also be impacted by personality characteristics, leading to inflated ratings that do not accurately reflect an employee's abilities or contributions.
Therefore, It is important for organizations to address these potential pitfalls and biases to ensure fair and objective evaluations and create a positive work environment for their employees.
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Several controls are used to safeguard inventory except a.keeping high-priced inventory behind lock and key. b.hiring security guards. c.allowing all employees access to the materials warehouse. d.installing sensors at all exits.
Answer:
Option C, allowing all employees access to the materials warehouse, is the right answer.
Explanation:
Option C is the correct answer because option C recommends allowing access to all the employees. However, allowing access to all employees will reduce security and increase the risk level. While all given options are helpful in safeguarding the inventory except option C. Thus, in this case, it would be difficult to monitor every employee. So Option C is the right answer.
Williams Inc. is expected to pay a $5 dividend next year and that dividend is expected to grow at 3.5% every year thereafter (indefinitely, i.e. forever). If the discount rate is 10.4%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)? Answer to 2 decimal places.
The present value of the expected dividend stream, or the expected price of the firm's stock, would be $75.62.
To calculate the present value of the expected dividend stream, we can use the Gordon Growth Model, which is given by the formula:
PV = D / (r - g)
where PV is the present value, D is the expected dividend, r is the discount rate, and g is the growth rate of dividends.
In this case, D = $5 (the expected dividend), r = 10.4% (the discount rate), and g = 3.5% (the growth rate of dividends).
Plugging these values into the formula, we get:
PV = $5 / (0.104 - 0.035)
PV = $5 / 0.069
PV ≈ $72.46
Rounding the answer to 2 decimal places, the present value of the expected dividend stream, or the expected price of the firm's stock, is $75.62.
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Who would be called upon to fix the following problem? The network at the U.S. embassy in Brazil has suddenly crashed.
Diplomatic Security Special Agent
information Management Specialist
Foreign Service Officer
economic Officer
An information management specialist would be the one to fix an issue with a network.
Quiz: Building Good Spending Habits
ХА
Question 1 of 10
Which of the following is a wise practice for making important purchases?
A. Trust customer claims from the manufacturer
O B. Skim return policies and warranties
Ο Ο ОО
O C. Ignore professional reviews
D. Be wary of customer testimonials
SUBMIT
PREVIOUS
Answer:
I THINK IT IS A
Explanation:
you want to trust your customer claims because that is your your buisness is the customer so trust what they have to say
assume purchasing power parity holds and a big mac sells for $3.37 in the united states and krona 127.41 in iceland. what is the krona/$ exchange rate?note: do not include the krona sign. do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.
The krona/$ exchange rate is 37.8183. According to purchasing power parity (PPP), the exchange rate between two currencies should be such that the same basket of goods (in this case, a Big Mac) should cost the same in both countries.
Therefore, we can use the price of a Big Mac in the US and Iceland to determine the exchange rate between the US dollar and the Icelandic krona.
Using the given prices, we can calculate the ratio of the price of a Big Mac in Iceland to the US: 127.41 / 3.37 = 37.8183
Therefore, the krona/$ exchange rate is 37.8183.
1. You are given the prices of a Big Mac in the United States (USD 3.37) and Iceland (ISK 127.41).
2. To find the exchange rate, you can use the formula:
Exchange Rate = (Price of Big Mac in Iceland) / (Price of Big Mac in the United States)
3. Plug in the values:
Exchange Rate = (127.41) / (3.37)
4. Calculate the result:
Exchange Rate = 37.8013
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What steps will add slicers to a PivotTable? Use the drop-down menu to complete the steps.
Select the Pivot Table.
Click the Pivot Table Tools
tab.
Design, Format, Review, Options
In the group,
Filter, Slicer, Timeline, Data
Click
Insert Timeline, Insert Slicer, Active Field, Group
In the Insert Slicer dialog box, select the fields to create slicers for.
Click OK.
Answer:
1. options
2.Filter
3. Insert Slicer
Explanation:
I got it correct
The steps are as follows:
optionsFilterInsert SlicerPivot table
Pivot tables are a powerful Excel tool that helps us summarize large amounts of data and saves us a lot of time. Pivot tables are a reporting tool that has a fields section that contains four fields.
What does this table contains?It has four fields, that are:
Rows: Data that is taken as a specifier. Values: Count of the data. Filters: Filters to hide out certain data.Columns: Values under different conditions.Thus, the steps are as follows:
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At the beginning of the year, quaker company's liabilities equal $42,000. during the year, assets increase by $60,000, and at year-end assets equal $190,000. liabilities decrease $12,000 during the year. what are the beginning and ending amounts of equity?
Beginning equity is $88,000 and ending equity is $160,000.
What is beginning and ending equity?
Equity is the difference between assets and liabilities.
Equity = assets - liabilities
Beginning equity = beginning assets - beginning liabilities
(190,000 - 60,000) - 42,000 = $88,000
Ending equity = ending assets - ending liabilities
190,000 - (42,000 - 12,000) = $160,000
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Suppose that the production function y=f(x_1,x_2) (where:y is output level, x_1 is a variable input and x_2 is a fixed input), is plotted in the (,x_1) space. According to economic theory, we would expect: a.y to increase with x_1 at a decreasing rate, due to increasing returns to scale. b.y to increase with x_1 at an increasing rate, due to diminishing returns to scale. c y to increase with x_1 at a decreasing rate, due to diminishing returns to scale. d.y to increase with x_1 at an increasing rate, due to increasing returns to scale.
In the cost minimisation model found in Varian (2014, Ch. 21), an isocost curve is: a. The locus of output (y) and variable input x_1 associated with a same cost level. b. The locus of variable input x_1 and variable input x_2 associated, associated with a same ouput level.
c. The locus of cost of variable input x_1 and cost of variable input x_2. d. The locus of variable input x_1 and variable input x_2 associated with a same cost level. SAVLAwers to save all ansters
According to economic theory, if we plot the production function y=f(x1,x2) in the (x1,y) space, we would expect that y would increase with x1 at a decreasing rate, due to diminishing returns to scale.
This means that as we increase the variable input x1, the output level y would increase, but at a slower rate over time due to the fixed input x2. This is because as we add more units of the variable input x1, the output level y would eventually plateau, since the fixed input x2 would constrain further increases in output.
In the cost minimisation model found in Varian (2014, Ch. 21), an isocost curve is the locus of variable input x1 and variable input x2 associated with a same cost level. This means that the isocost curve shows all the possible combinations of x1 and x2 that can be used to produce a specific level of output at the same cost. It is used to determine the least-cost combination of inputs for a given level of output.
By finding the point of tangency between the is o cost curve and the isoquant curve (which shows all the combinations of x1 and x2 that can produce a given level of output), we can identify the optimal combination of inputs to produce that level of output at the least cost.
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Why might it be risky to purchase a preowned vehicle from a
private owner?
calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
The manager is responsible for knowing the food sanitation rules. This includes the supervision of food handlers in: Following the restaurant's policies on complaints Routine clean up of the parking lot and restrooms Recognizing problems with employee health Handling customer's money and credit cards
As the person in charge of the restaurant, the manager is responsible for ensuring that all food handlers are aware of and follow food sanitation rules. This is essential to prevent food contamination and foodborne illness outbreaks, which can be detrimental to the health of customers and the reputation of the establishment.
In addition to supervising food handlers' adherence to food safety regulations, the manager must also ensure that the restaurant's policies on complaints are being followed. This includes addressing customer complaints promptly and effectively to maintain a high level of customer satisfaction.
The manager must also oversee routine clean up of the parking lot and restrooms to maintain a clean and hygienic environment for customers and staff. This includes ensuring that all surfaces and equipment are properly cleaned and sanitized according to industry standards.
It is also important for the manager to recognize any problems with employee health and take necessary steps to prevent the spread of illness in the workplace. This may include implementing sick leave policies and providing education on proper hygiene practices.
Lastly, the manager must ensure that employees handling customer money and credit cards are following proper hygiene practices and taking appropriate measures to prevent cross-contamination between cash, cards, and food. This may involve providing gloves, hand sanitizer, and training on proper handling procedures.
Overall, the manager's responsibility to uphold food sanitation rules and maintain a clean and safe environment in the restaurant is critical to ensure the health and satisfaction of customers and employees.
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Light from a coherent, monochromatic source shines through a double slit onto a screen 5 meters away. The slits are 0.18 mm apart. The dark bands on the screen are measured to be 1.7 cm apart.b) At what angle away from the central maximum does the first bright fringe occur
The angle away from the central maximum where the first bright fringe occurs is approximately 0.035 radians.
sin(θ) = m * λ / d
y = λ * L / d
Where L is the distance between the slits and the screen, which is 5 meters.
Rearranging the formula, we can solve for the wavelength (λ):
λ = y * d / L
Substituting the given values:
λ = (1.7 × \(10^{(-2)\) meters) * (0.18 × \(10^{(-3)\) meters) / (5 meters)
Calculating this expression:
λ = 6.12 × \(10^{(-7)\)meters
Now, we can find the angle (θ) for the first bright fringe using the formula mentioned earlier:
sin(θ) = (1 * 6.12 × \(10^{(-7)\)meters) / (0.18 × \(10^{(-3)\) meters)
Taking the inverse sine of both sides:
θ = arcsin((1 * 6.12 × \(10^{(-7)\) meters) / (0.18 × \(10^{(-3)\) meters))
Evaluating this expression:
θ ≈ 0.035 radians
"Fringe" typically refers to the outer or unconventional aspects of a particular subject, group, or society. It represents ideas, beliefs, or practices that deviate from the mainstream or established norms. The fringe can be found in various domains, including politics, science, fashion, art, and culture.
In politics, the fringe may consist of extreme ideologies or radical movements that challenge conventional political systems. In science, the fringe might involve unconventional theories or hypotheses that are not widely accepted by the scientific community. The fringe can also manifest in subcultures or countercultures that reject mainstream trends and embrace alternative lifestyles or artistic expressions.
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What is the primary purpose of a trading bloc? (5 points) group of answer choices to foster political and social unity to lower manufacturing costs to reduce or eliminate tariffs to create free market economies
The primary purpose of a trading bloc is to reduce or to eliminate the tariffs. Option C is correct.
What is the trading blog?A trading bloc is a kind of intergovernmental agreement, frequently part of a regional intergovernmental organization, in which trade restrictions between participating governments are decreased or totally abolished.
Trade blocs can arise as independent agreements between states or as part of a regional organization. The fundamental purpose of that type of blog is to reduce or eliminate the tariff.
Therefore, option C is correct.
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several factors that are probably more important to an explanation of differential economic growth rates over time than culture include
Multiple Choice
religion. political systems. physical geography. gender regional affiliations.
Several factors that are probably more important to an explanation of differential economic growth rates over time than culture include physical geography. Option c.
There are several factors that are more important to an explanation of differential economic growth rates over time than culture, including physical geography.
Physical geography can have a major impact on a country's economy, by affecting things like trade routes, availability of resources, and climate. Trade routes can be influenced by things like mountains or oceans, which can make it difficult or impossible to transport goods to other areas.
Similarly, the availability of resources can be limited by a country's physical geography. For example, if a country is landlocked, it may have difficulty accessing ports and markets. Additionally, climate can also affect economic growth.
Countries with hot climates may not be able to grow certain crops or may have difficulty attracting tourists. All of these factors can have a significant impact on a country's economy and its growth rate.
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How should the headings of a resume be formatted so that they are clear and easy to find?
a. bold and italicized
b. capitalized and bold
c. underlined and italicized
d. capitalized and underlined
Answer:
B. capitalized and bold
Explanation:
Please mark my answer as the Brainiest!!!
Got it correct on Edge.
A disadvantage of using credit is impulse buying
True or False
Answer:
True
Explanation:
Impulse buying is making unplanned or non-budgeted purchases. In impulse purchases, buying decision is based on attraction rather than the need to have the item.
Making payment via a credit card is incurring a debt. One does not need to have money on their account for the payment to go through. It means one can spend money that they do not have on hand or at the bank. A credit card permits one to make payments for goods they had not planned to buy. It can encourage the buying of items that are not required.
: economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. false true
Economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. its true.
Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation. Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP. In order to remove the inflationary distortion on the prices of produced items, growth is typically calculated in real terms, or terms adjusted for inflation. Economic growth is measured using national income accounting. The ratio of GDP to population is a typical metric used to compare the economic growth rates of different nations.
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List 3 components of markey environment