Carl Lester has liquid assets of $2,680 and current liabilities of $2,436.
What is his current ratio? What comments do you have about this financial position? $2,680 / $2,436 = 1.1, which might be viewed as lower than would be desirable.
Answers
The current ratio is calculated by dividing the current assets by the current liabilities.
In this case, the current assets are represented by Carl Lester's liquid assets, which total $2,680, and the current liabilities are represented by his current liabilities of $2,436. Therefore, the current ratio is:
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $2,680 / $2,436
Current Ratio = 1.1
A current ratio of 1.1 indicates that Carl Lester has $1.10 in current assets for every $1 in current liabilities. Generally, a current ratio of 2 or higher is considered desirable, as it indicates that a company has enough current assets to cover its current liabilities. A current ratio of less than 1 may indicate that a company may struggle to pay its short-term obligations.
In Carl Lester's case, his current ratio of 1.1 may be viewed as lower than desirable. This suggests that he may have difficulty meeting his short-term obligations with his current level of liquid assets. He may need to take steps to increase his current assets, such as selling some non-liquid assets or increasing his income, to improve his financial position.
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The current ratio of Carl Lester can be calculated as Current ratio = Current assets / Current liabilities
Given that Carl Lester has liquid assets of $2,680 and current liabilities of $2,436, his current ratio would be:
Current ratio = $2,680 / $2,436 = 1.1
A current ratio of 1.1 indicates that Carl Lester has $1.10 in current assets for every $1.00 in current liabilities. While a current ratio of 1.1 is above 1, which suggests that he has enough current assets to cover his current liabilities, it is still lower than the desirable range of 1.5 to 2.0.
A low current ratio may indicate that Carl Lester may have difficulty meeting his short-term obligations, which can lead to cash flow problems, missed payments, and potentially even bankruptcy.
Therefore, Carl Lester may want to take steps to increase his current ratio, such as reducing his current liabilities or increasing his current assets.
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Related Questions
McKinsey provides consultancy services to large and medium size organizations. Should it go for Skimming pricing method, penetration pricing method or going-rate method? If you have any other method to suggest, please provide the same with reasons to do the same.
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McKinsey, a leading consulting firm, offers its consultancy services to both large and medium-sized organizations. In order to price their services, they can use a variety of pricing strategies such as Skimming pricing method, penetration pricing method or going-rate method, or any other suitable method.
The Skimming pricing method is when a company initially sets a high price for its new product or service in order to take advantage of the novelty factor and maximize profits, followed by reducing the price gradually once the market becomes more competitive.
Skimming pricing method would not be suitable for them.Penetration pricing method is when a company sets a lower price for its product or service in order to attract a larger customer base. This strategy is suitable for McKinsey since they can attract a larger customer base by offering their services at a lower rate, which would increase their market share and customer base, leading to more profits in the long run.
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you two example when input GST cannot be set off against output GST...please say answer faster
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Answer:
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Determine the simple interest on an account paying 6.5% annually interest of an investment of $5,250. a. $341.25 c. $345.02 b. $343.08 d. $347.96
Answers
The simple interest would be a. $341.25. Simple interest is used primarily for short-term loans, such as car loans or personal loans, and for savings accounts and other deposit accounts.
Simple interest is a method of calculating the interest on a loan or an investment. It is called "simple" because it is calculated as a fixed percentage of the initial principal amount, rather than on the increasing balance that occurs with compound interest. Simple interest is calculated by multiplying the principal (initial amount invested) by the interest rate and the number of periods (in this case, 1 year).
Using the formula: I = Prt
where
I = interest, P = principal, r = interest rate (as a decimal), and t = time in years.
We can get:
I = 5,250 * 0.065 * 1 = $341.25
So, the answer is a. $341.25
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What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
Why research proposal often gets rejected?
Give me at least 5 reason why?
Answers
cheating sneaking trust grown enough men and women
The insured person must prepare a report, outlining full details of the loss including all items destroyed, damaged, or stolen and their actual cash value, within.
Answers
The insured person must prepare a report, outlining full details of the loss including all items destroyed, damaged, or stolen and their actual cash value, within 1 week.
What is an insurance loss?Basically, in insurance, a loss refers to an injury or damage sustained by the insured in consequence of the happening of one or more of the accidents or misfortunes against which the insurer in consideration of the premium, has undertaken to indemnify the insured.
Most of the insurance companies distinguish between two types of damage which are either a primary or direct damage, such as destruction by fire and indirect or consequential loss such as a cessation of business due to the fire.
It is a norm that when an insured person must prepare a report, outlining full details of the loss including all items destroyed, damaged, or stolen and their actual cash value, they must be done within 1 week.
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Suppose the government of Mexico runs a budget deficit. This will result in: A. an increase in interest rates in Mexico and an increase in the value of the peso relative to other currencies. B. a decrease in interest rates in Mexico and an increase in the value of the peso relative to other currencies. C. a decrease in interest rates in Mexico and a decrease in the value of the peso relative to other currencies. D. an increase in interest rates in Mexico and a decrease in the value of the peso relative to other currencies.
Answers
Answer:
I belive Is A Please Tell me if I'm wrong or right
(24^0)+(4^0). solve this problem fast
Answers
Answer:
your answer will be 2
Explanation:
hope it helps you..
Answer:
solution : -
\(24 {}^{0} + {4}^{0} \)\(1 + 1\)\(2\)Marcia Baker ships orchids and other perishable flowers from her greenhouses near San Francisco to florists thousands of miles away in cities such as New York, Boston, and Philadelphia. Since the flowers must reach the florists as quickly as possible, the best mode of transportation for Marcia to use would be Multiple Choice railroads. trucks. air. ships.
Answers
Answer:
air
Explanation:
San Francisco is located on the SouthWest corner of the United States, while other states such as New York, Boston, adn Philadelphia are located on the NorthEast corner of the United States. This means that the ships are not an option since they would have to go all the way around and would be the longest option. Therefore, the best and fastest option would be through air. Since both railroads and trucks are viable but would take much longer than sending the flowers through air.
at what stage does a policy analyst begin to apply analytic techniques in an attempt to evaluate policy choices?
Answers
At policy formation stage a policy analyst begin to apply analytic techniques in an attempt to evaluate policy. A policy analyst may advance into a directorship or executive position.
Examining the effectiveness of current policies and laying the foundation for new programmes and laws to achieve objectives and goals are the responsibilities of a policy analyst. The position's responsibilities include analysing and changing policy documents and coming up with ideas to enhance the outcomes of current policies. Analysts of policies collaborate extensively with stakeholders to establish the aims and purposes of policies.
The minimal educational qualification to become a policy analyst is a bachelor's degree in a related discipline. Master's degrees in the subject are preferred in several specialised fields of employment. Due to the requirement to comprehend how the law affects policy, some policy analysts also earn a legal degree.
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What is the purpose of a bank?
A financial investigator
A financial tracker
A financial intermediary
A financial advisor
Answers
Financial advisor would be your answer
The invisible hand refers to the:__________
a) fact that the U. S. Tax system redistributes income from rich to poor.
b) notion that, under competition, decisions motivated by self-interest promote the social interest.
c) tendency of monopolistic sellers to raise prices above competitive levels.
d) fact that government controls the functioning of the market system
Answers
The idea that self-interested actions advance societal interest under competition is known as the "invisible hand." Smith referred to this as the "invisible hand."
What exactly is a business example interest?Protecting an employer's trade secrets or sensitive information, a company's reputation, and potential or existing clients are a few examples of legitimate commercial interests. Protecting an employee from public competition is one thing that doesn't constitute a valid business interest.
Why does interest matter in business?In a market economy, interest fulfils a number of important roles. The most prominent example of this coordination between savers and borrowers is when borrowers are compelled to pay interest so as to loan additional money in order to increase their current spending.
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51) under truth in lending, who is responsible for compliance with the act? quizlter
Answers
The CFPB has been in charge of administering and enforcing TILA and Regulation Z since July 2011. In a closed-end transaction, a lender distributes all of the cash at closing and requires payback within a predetermined time period.
Inspecting and policing TILA is assisted by the Federal Trade Commission (FTC), which is in charge of defending American consumers. Before officially closing on credit lines or loans, lenders who want to work with consumers must give borrowers the information that TILA requires. You are shielded from deceptive and unfair billing and credit card practices by the Truth in Lending Act (TILA). To enable you to compare offers for particular types of loans, it requires lenders to give you information on loan costs.
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Gainesville LLC sold the following business assets during the current year: (1) machinery, $20,000 cost basis, $4,000 depreciation, proceeds $22,000; (2) automobile, $15,000 cost basis, $12,000 depreciation, proceeds $7,000; (3) equipment, $15,000 cost basis, $10,000 depreciation, proceeds $4,000; (4) computer equipment, $35,000 cost basis, $16,000 depreciation, proceeds $15,000; (5) Winchester had unrecaptured §1231 losses of $5,000 in the prior 5 years.
a.) What is the amount and character of Winchester's gains and losses before the §1231 netting process from the prior years’ §1231 losses? In order to receive full credit, be certain to show all your work, and use specific words in discussing recapture, etc (code sections, etc ) .
b.) After completing the above answer, then compute Gainesville’s net tax liability, assuming they are taxed as a single member entity at 30%.
Answers
a) Winchester: $9,000 gains, $12,000 losses (before §1231 netting).
b) Gainesville: $10,200 net tax liability (assuming 30% rate).
a) To determine the gains and losses before the §1231 netting process, we need to calculate the total gains and losses separately for each asset. For the machinery, the gain is $2,000 ($22,000 - $20,000), and for the automobile, there is a loss of $5,000 ($7,000 - $15,000). The equipment results in a loss of $11,000 ($4,000 - $15,000), and the computer equipment has a loss of $20,000 ($15,000 - $35,000). Before the netting process, the total gains are $2,000, and the total losses are $36,000 ($5,000 + $11,000 + $20,000). These gains and losses will be categorized as either ordinary or capital gains/losses based on their character.
b) To compute Gainesville LLC's net tax liability, we need to offset the gains with the allowable losses. Assuming the $36,000 losses are ordinary losses, we subtract them from the $2,000 gains, resulting in a net loss of $34,000. As a single member entity taxed at a 30% rate, the net tax liability would be $10,200 ($34,000 * 0.3). However, if some of the losses are capital losses, they may be subject to different tax treatment, potentially reducing the overall tax liability.
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what most demonstrated consumers’ changing buying patterns during the covid-19 pandemic?
Answers
Due to extensive lockdowns, a volatile economy, and changes in lifestyle, the COVID-19 pandemic significantly altered consumers' purchasing habits.
The new coronavirus that started the COVID-19 pandemic, which has had an impact on almost every sphere of civilization, is a major worldwide health concern. Since its initial discovery in Wuhan, China in December 2019, it has spread quickly over the world, causing numerous lockdowns and travel restrictions. The epidemic has significantly impacted the world economy, resulting in significant employment losses, economic uncertainty, and supply chain disruptions. Businesses have been forced to shut down, and those that are still operating have had to change to comply with new health and safety regulations. Millions of people now work from home as a result of the epidemic, which has also transformed the way that people work and accelerated the transition to digital technology.
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Why do even the most successful events reach the decline stage?
Ο Α. There are tight budgeting restrictions.
O B.
Nothing tangible is being sold.
O C.
Entertainment always grows stale.
There's always an end date.
D.
Answers
There's always an end date even the most successful events reach the decline stage.
What is the secret to an effective budget?Having attainable, measurable, and quantifiable goals is the first step in creating a realistic budget. In this approach, both the forecast and the budget are transformed into useful tools for achieving success.
What makes event budgeting crucial?Budgeting entails creating a properly thought-out strategy for how much money you can spend on a certain activity in any industry. Yet, one of the reasons it's so important for event planning is that it enables planners to establish a goal profit and determine the amount they must earn to break even.
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James would like to create a sole proprietorship operating under the name Super
Lawn Care. Which of the following is true? (1 point)
James will need to register the business with his local state as the
name of his business differs from his own.
James does not need to register his business anywhere since a sole
proprietorship never requires registry.
James will need to register the business with his local city as the
name of his business differs from his own.
James will need to register the business with the federal
government as the name of his business differs from his own.
Answers
Answer:
James will need to register the business with his local state as the
name of his business differs from his own.
Explanation:
The answer is A. because Jane will definitely need to register the business name with Local State because his name is different from the businesss'
According to the regulation of State, every business owner must register its business name with the Commission in charge because Business name is different from Owner name.
The Registration of business name with the State protects the name at the State level and thus prevent other business owner to use such name for business.
Thus, in conclusion, Jane does need to register his business name with his Local State because his Name is different from Business name.
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please help me ASAP
i will give brainliest
Answers
Answer:
d
Explanation:
The equation of any straight line, called a linear equation, can be written as: y = mx + b, where m is the slope of the line and b is the y-intercept. The y-intercept of this line is the value of y at the point where the line crosses the y axis.
an assessment of costs and benefits inevitably involves
Answers
Which of the following indexes are market value-weighted? I. Dow Jones Industry average II. The S&P 500 III. NYSE Composite index IV. The NASDAQ Composite a) I, II and III only b) III, and IV only c) II, III and IV only d) I and III only
Answers
The market value-weighted indexes among the options provided are the S&P 500 (II) and the NASDAQ Composite (IV).
The Dow Jones Industry Average (I) is not market value-weighted. It is a price-weighted index, where the stock prices of the constituent companies are used to calculate the index. In a price-weighted index, higher-priced stocks have a larger impact on the index value, regardless of their market capitalization. The NYSE Composite index (III) is not market value-weighted either. It is a broad-based index that includes all common stocks listed on the New York Stock Exchange (NYSE), and it is calculated based on the total value of the stocks rather than their market capitalization.
On the other hand, the S&P 500 (II) and the NASDAQ Composite (IV) are market value-weighted indexes. They are constructed by considering the market capitalization of the component stocks. Larger companies with higher market values have a greater influence on the index value. Therefore, the correct answer is option c) II, III, and IV only, as the S&P 500 and the NASDAQ Composite are market value-weighted indexes.
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cr corporation estimates that 20,000 labor-hours will be worked during the year. if manufacturing overhead is applied on the basis of direct labor-hours, the overhead rate per hour will be:
Answers
To calculate the overhead rate per hour, you need to divide the total estimated manufacturing overhead by the estimated number of labor-hours.
In this case, we are given that CR Corporation estimates that 20,000 labor-hours will be worked during the year. To apply manufacturing overhead on the basis of direct labor-hours, we need to calculate the overhead rate per hour. To do this, we need to first estimate the total manufacturing overhead for the year. This might include costs such as rent, utilities, depreciation, and indirect labor costs. Let's say that CR Corporation estimates that their total manufacturing overhead for the year is $200,000.
To calculate the overhead rate per hour, we divide the total estimated manufacturing overhead by the estimated number of labor-hours:
Overhead rate per hour = Total estimated manufacturing overhead / Estimated number of labor-hours
Overhead rate per hour = $200,000 / 20,000 labor-hours
Overhead rate per hour = $10 per labor-hour
The question states that CR Corporation estimates 20,000 labor-hours will be worked during the year. We are also given that manufacturing overhead is applied based on direct labor-hours. However, the total manufacturing overhead is not provided in the question. Assuming you have the total manufacturing overhead, you can calculate the overhead rate per hour using the following steps:
1. Obtain the total manufacturing overhead (let's call it M).
2. Divide the total manufacturing overhead (M) by the estimated labor-hours (20,000).
Overhead rate per hour = M / 20,000
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i. Areogram is used to send written message to
Answers
how are stocks be calculated? what Is stock exchange?
Answers
Answer:
Stocks are a check on a certain holding in a public limited company. Different rights may accompany the stocks, but most often it gives its owner the right to attend and participate in elections at the company's annual general meeting, receive dividends from the company and sell the stock or holding to a third party. Stocks are issued at a certain nominal value, often $1 per share. If the stocks are listed on public stock exchanges, they are often referred to as "listed stocks", but when listing, an official price is created for stocks in the company and this makes it easier for stock owners to trade in the stocks. The company's multiplied by the price on the stock exchange is called the company's market value.
Marisa has gathered a pile of financial documents from the past year showing money she has taken in. She received money from alimony, child support, investment income, and unemployment compensation. She totals it all up to try to determine her gross income, but you know that she is making a mistake. What would you tell Marisa so she can correct her total?
Answers
Answer:Her salary from her job, alimony, and child support. All of these impact her income and can be included. The specific requirements vary by the type of lan and lender.
Explanation:
Marisa can correct her total by not including the child support amount in the calculation
What is income?One can define income as the area where a person makes their money might be described as the come. This can take the shape of work that is performed in exchange for payment as well as income that can be obtained through investments that are being made.
Her job's pay, alimony, plus child support obligations. Each of these could be included and have an effect on her income. The particular standards change depending on the borrower.
She is taking all the right decisions but the amount of child support is not included when it comes to the gross income. She needs to remove that amount to calculate it then only the amount which will come will be accurate.
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What would happen to the equilibrium price and quantity of sunscreen if a new formula is developed that makes production cheaper, and scientists discovered that sunscreen causes more cancer than sun damage?.
Answers
The equilibrium price will decrease and the effect on the equilibrium quantity will be ambiguous.
A change in the price of a good does not shift the demand curve. Instead, it moves along the demand curve. Changes in other factors shift the demand curve left or right. Factors that can shift the demand curve for goods and services, causing different quantities to be demanded at a given price include changes in taste, population, income, prices of substitutes or complements, future conditions, and expectations about prices. An increase in demand, ceteris paribus, will increase the equilibrium price. The amount supplied increases. A decrease in demand will lead to a decrease in the equilibrium price. supply will decrease. Equilibrium price is when supply of a product matches demand. When a leading index undergoes consolidation or consolidation momentum, it can be said that the forces of supply and demand are relatively equal and the market is in equilibrium. If the term (20) demand curve of this set shifts to the right, the equilibrium price and quantity demanded increase. The supplier's desire to eliminate surpluses puts upward pressure on prices.
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Less popular open source products are not likely to attract the community of users and contributors necessary to help improve these products over time. This situation reiterates the belief that _____ are a key to success.
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Less popular open source products are not likely to attract the community of users and contributors necessary to help improve these products over time. This situation reiterates the belief that network effects are a key to success.
What are Network Effects?The phenomenon known as the "network effect" describes how more individuals using a commodity or service results in a rise in value. An illustration of the network effect is the internet.Since the internet was first only useful to the military and a small number of researchers, there weren't many users.However, as more people had access to the internet, more material, information, and services were created by users.More people were drawn to connect and transact business with one another as a result of website development and enhancement. A network effect resulted from the internet offering more value as traffic increased.know more about Network effects
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Jackie has determined some possible careers that would suit her include being a photographer, a graphic artist, a web designer, or a visual merchandiser. What is the next step Jackie should take in the decision-making process? a. Analyze resources b. Make a decision c. Define wants and needs d. Gather information Please select the best answer from the choices provided A B C D.
Answers
The correct statement is that the next step to be taken by Jackie should be analyzing the resources available in his hands for decision-making of his career. So, the correct option is A.
The analysis of resources can be done by following the process of carefully taking into consideration, the resources that are accessible by Jackie during the entire course of pursuing the career.
What is a decision-making process?A decision-making process is used for deriving at conclusion after taking into consideration the plans, options and the resources that are favorable for accomplishments of such task.
The next step that is to be taken in the decision-making process is to analyze the resources that can be accessed by such person so that a conclusion is derived.
In the case of Jackie, he must take into account the resources that he has for deciding his careers like admission fee, infrastructure, knowledge of the field, etc. and decide the most favorable field.
Hence, the correct option is A that the next step to be taken by Jackie should be analyzing the resources available in his hands for decision-making of his career.
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Answer: D
Explanation:
I took the test and selected A and got it wrong. D. gather information
KNOWLEDGE CHECK After you've finished building your portfolio and adding securities to it in PRTU, what is your next logical step? o To research the securities with DES and FA o To export your portfolio into Microsoft Excel o To type securities into the amber Security field in PRTU to include them in your portfolio o To analyze the portfolio in PORT
Answers
once you've done creating your portfolio and adding securities to it in PRTU, to analyze the portfolio in PORT.
What is portfolio?
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, cash, cash equivalents, and their fund equivalents. Although real estate, gold, paintings, and other collectable works of art can all be added to a portfolio to diversify it, stocks and bonds are typically thought of as its main building elements.
An investment portfolio can be compared to a pie that has been cut into various wedge-shaped pieces, each of which represents a distinct asset class and/or kind of investment. In order to obtain an optimum risk-return portfolio allocation for their degree of risk tolerance, investors strive to build a well-diversified portfolio. Although cash, stocks, and bonds are typically thought of as the three main components of a portfolio, you may expand your holdings with a wide range of assets, including as real estate, gold stocks, other kinds of bonds, artwork, and other collectibles.
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PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS
Answers
Compare two similar companies or products based on their consumers (audience), costs, communications (customer service), and convenience (relevance). When you are finished comparing, explain which product is better for people like yourself.
Answers
Answer:
i need this too
Explanation: