Total Liabilities & Equity
$ 229,200 $248,000
Task 1: Liquidity Analysis
Calculate the following ratios in 2021 for Gerup Garments Inc. Write 100 words describing
the company's liquidity condition:
current ratio
• quick ratio
•
accounts receivable turnover
days sales outstanding
inventory turnover
average days to sell inventory
•
Type your response here:
Answers
Answer:
Here are the calculations for the liquidity ratios for Gerup Garments Inc. in 2021:
**Current Ratio**
Current Ratio = Current Assets / Current Liabilities
= $108,000 / $229,200
= 0.47
**Quick Ratio**
Quick Ratio = (Current Assets - Inventory) / Current Liabilities
= $108,000 - $48,000 / $229,200
= 0.36
**Accounts Receivable Turnover**
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
= $1,200,000 / ($60,000 + $54,000) / 2
= 10.5
**Days Sales Outstanding**
Days Sales Outstanding = 365 / Accounts Receivable Turnover
= 365 / 10.5
= 34.8 days
**Inventory Turnover**
Inventory Turnover = Cost of Goods Sold / Average Inventory
= $800,000 / ($48,000 + $54,000) / 2
= 12.5
**Average Days to Sell Inventory**
Average Days to Sell Inventory = 365 / Inventory Turnover
= 365 / 12.5
= 29.2 days
**Analysis**
Gerup Garments Inc.'s liquidity condition is weak. The current ratio is below 1, which means that the company's current assets are not enough to cover its current liabilities. The quick ratio is even lower, which means that the company's liquid assets are not enough to cover its current liabilities. The accounts receivable turnover is low, which means that the company is taking too long to collect its receivables. The days sales outstanding is high, which means that the company is taking too long to collect its receivables. The inventory turnover is low, which means that the company is holding too much inventory. The average days to sell inventory is high, which means that the company is holding too much inventory.
The company should take steps to improve its liquidity condition. It should try to collect its receivables more quickly. It should also try to reduce its inventory levels. If the company does not take steps to improve its liquidity condition, it may have difficulty meeting its financial obligations.
To understand the liquidity of a business, various ratios are calculated, including Current Ratio, Quick Ratio, Accounts Receivable Turnover, Days Sales Outstanding, Inventory Turnover, and Average Days to Sell Inventory. These calculations require specific figures such as Current Assets, Quick Assets, Accounts Receivables, Sales, Inventory, and Cost of Goods Sold. Without these values, it's impossible to calculate the specific ratios for Gerup Garments Inc.
Explanation:To assess the liquidity of Gerup Garments Inc., we need a few key data points which include Current Assets, Quick Assets, Accounts Receivables, Sales, Inventory, and Cost of Goods Sold (COGS). These figures are not provided in your question. However, I can explain how to use these figures to calculate the ratios.
The Current Ratio is calculated by dividing Current Assets by Current Liabilities. A number greater than 1 indicates good short-term financial health. The Quick Ratio is similar but it excludes inventory from your assets, as these can be less liquid than other assets. This is calculated by subtracting Inventory from Current Assets, then divided by Current Liabilities.
Accounts Receivable Turnover is calculated by dividing Net Credit Sales by Average Accounts Receivable, this assesses the effectiveness of the company's credit policies. Days Sales Outstanding shows the average number of days that receivables remain outstanding, calculated by dividing Accounts Receivable by Total Credit Sales and then multiply by 365.
Finally, Inventory Turnover is calculated by dividing COGS by Average Inventory. It measures how many times a company's inventory is sold and replaced over a period. Average Days to Sell Inventory is the reciprocal of Inventory Turnover ratio multiplied by 365, this shows the average length of time items are in inventory before they are sold.
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Related Questions
What can Lena do to avoid the risk of having short supplies in times of need?
Lena works in an artificial jewelry-manufacturing unit. It is a family run business and they have been depending on a single supplier for years. As Lena is a proactive person, she can avoid the risk of being in short supplies of raw material by keeping a (blank) supplier for every one main supplier.
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Answer:
backup
Explanation:
The correct answer is "Backup"
When is a mission statement valuable to an organization?
A. When it clearly conveys organizational goals to customers
B. When it allows for tracking the progress of departments' plans
C. When employees use it to guide decisions and actions
D. When it outlines compensation and benefits for employees
Answers
When it clearly conveys organizational goals to customers is a mission statement valuable to an organization. Thus option A is correct.
What is the organization?A firm, institution, group, or another type of body made up of one or more people and serving a specific function is referred to as an organization or organization.
The mission statement shows how the function of the organization will go and will follow the plan. It is right to the rules and regulations of the company that will be present. It would have the stockholder and the investor to progress in the year.
Therefore, option A is the correct option.
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What is an economic indicator and why is it important? Use at least two complete sentences to provide your response.
Answers
Answer:
Answer is provided in two separate headings below.
Explanation:
Economic Indicator
They are briefly described as the figures used to understand the current position of the economy. Few examples of such are the Inflation rate, Gross Domestic Product (GDP), and Unemployment ratio compared to the populace.
Reason for Important
They are important because the information provided from them helps in grasping the state of the economy in the upcoming years. This data helps both the local and business individuals to make better decisions for their upcoming financial goals such as regarding the investment of capital, increase or decrease their employment level, buying property, etc.
Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation:
QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answers
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Can someone write a song for me please I want to make the name called by my side please write something
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Answer:
I don't know much abt songs. but I hope u get it.
A(n)
strategy determines the direction the organization will take in making directional decisions.
A. business
O
B. organizational
C. operational
O
D. corporate
Answers
Arrange the following revenues in the federal government, from greatest to
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Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
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= customs duties
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Answers
Social Security and Medicare taxes
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The first principle of Max Weber's ______ theory explains how a manager's formal authority derives from the position he or she holds in an organization
Answers
Max Weber's first principle of his theory explains that a manager's formal authority stems from their organizational position.
Max Weber, a prominent sociologist, developed a theory of executive authority. The first principle of this theory centres on the concept of formal authority. According to Weber, a manager's proper authority is derived from their position within an organization. Legal authority refers to the legitimate power vested in a manager based on their designated role and responsibilities. This authority is established through organizational hierarchies and formal rules. By occupying a specific position, a manager is granted the right to make decisions, issue commands, and enforce directives within the scope of their authority. This principle emphasizes the importance of the organizational structure and position in establishing a manager's authority and influence.
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Most real estate agencies are created by what?
Answers
Explanation: An agency is created by express appointment when the principal appoints the agent by express agreement with the agent. This express agreement may be an oral or written agreement between the principal and the agent.
Romero employs Supplies Procurement Service as an agent under a written agreement that describes the rights and duties of both parties. This is
Answers
Romero employs Supplies Procurement Service as an agent under a written agreement. The agreement outlines the rights and duties of both parties, which means that each party has specific responsibilities that they are expected to fulfill.
An explanation for this is that by having a written agreement, both Romero and Supplies Procurement Service have a clear understanding of what is expected of them and what they can expect from the other party. This helps to prevent misunderstandings and can ultimately lead to a more successful business relationship.
between Romero and Supplies Procurement Service. that this written agreement is called an "agency agreement." The explanation for this term is that an agency agreement is a legal contract that outlines the rights and duties of both parties (in this case, Romero and Supplies Procurement Service) when one party (the agent) is authorized to act on behalf of the other (the principal) in specific matters or transactions.
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Workplace diversity describes differences among workers in any of the following areas:
attitude
education
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Answers
Answer:
industry because here based the all the business in whole world
Write any four differemces between administrative manpower and technical manpower
Answers
Manpower planning is likewise called human assets making plans, and it's miles the manner that control uses to determine the way wherein an organization needs to circulate from factor A to point B, in terms of manpower. This happens through planning and development and allows management to have the proper sorts of employees in the right quantity in the right place at the right time. together, having the proper manpower will assist the company to reap its dreams, and also will gain character personnel in the first-class manner possible. This form of planning allows HR departments to forecast which human sources are required to carry out which jobs. The HR branch will also investigate which skills are required of employees for each task. It is reasonably complicated and, if finished effectively, this may useful resource for HR in estimating its destiny function in phrases of call for and supply. essentially, this gives the HR department a snapshot of its destiny and enables the department to plan ahead for what is to come.
Manpower groups act as human aid managers for one-of-a-kind corporations by using imparting them with placement offerings. but, the primary goal of these corporations is to assist people who are in search of employment to get placed in the correct corporations with suitable job profiles.
Manpower is a staffing company. frequently known as a “temp provider," the employer's number one business is supplying a bridge between certified people and the businesses that require its services.
“Manpower Recruitment or deliver agency” means any man or woman engaged in imparting any. service, directly or circuitously, in any way for recruitment or supply of manpower, briefly or. otherwise, [to any other person];] [Section 65(68) of Finance Act, 1994 as amended]Jul 7, 1997.
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go follow my meme page on Insta gram please I just started it
Username is shawty.tedo
Also I hope you have a wonderful day today and get all your work done. I am proud of you!! you have made it through the week and even though school is going back in session for tons of us tomorrow. summer break is almost here!
Just keep pushing yourself you’re almost there! but remember don’t be harsh on yourself and take your time. Take care of yourself and make sure that you’re there for yourself too just like you’re there for others. YOU matter! no matter what you think. we will all get through hard times and it doesn’t matter if it takes years, months, weeks, days, once again it doesn’t matter because You will get through it and you’ll be so proud of yourself just like I am. Don’t give up now. if others try put you down show them that you’re unbreakable and that you’re more worth then they think. Harsh words don’t define your worth. you’re amazing and you are you. you being different from others but that doesn’t mean you’re any less important. you are you and that’s what makes you so unique. Im proud of you Keep going And spread the love
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Answer:
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Thank you
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2 Consider Figure 2.11. Undertake a similar exercise for different markets (e.g. Germany, United
States, China) and reflect on the implications of the brand positioning in terms of facilities and
services on board.
Answers
Brand positioning gives customers the reasons to buy one product over another.
How is branding important?It should be noted that brand positioning can be affected by aspects such ad style and, brand personality, customer types, and company reputation
A brand positioning statement is the description of your target market that includes a holistic picture of how you will like your brand to be perceived by customers.
You can use brand positioning to influence what a consumer thinks of your product or brand. Then the resulting consumer mental image has an impact on purchasing decisions.
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Tonya is considering leaving work early to go to a baseball game. A ticket costs $30, and it costs $5 to park at the stadium. Tonya will miss 3 hours of work, where she is paid $20 an hour. What is Tonya's total explicit cost of going to the game?
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Answer:
$95
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I need long paragraph defines a problem statement and technical and non technical challenges in online auction app project
thank you
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The creation of an online auction app is a complex procedure that necessitates carefully taking into account both technological and non-technical difficulties.
In today's digital age, online auction programmes are growing more and more popular, giving people and businesses the chance to buy and sell goods and services through online bidding. However, there are several technical and non-technical difficulties in creating a trustworthy and efficient online auction platform. Assuring the security and dependability of the programme itself is one of the key technological issues encountered in the development of online auction apps. To safeguard user data and thwart hacking efforts, this calls for the use of strong security mechanisms including encryption, firewalls, and secure data storage protocols.
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currently, most applications of collaborative planning, forecasting, and replenishment (cpfr) have been in which industries? multiple select question. apparel food general merchandise agriculture
Answers
The most common applications of Collaborative Planning, Forecasting, and Replenishment (CPFR) are found in the apparel, food, and general merchandise industries.
In which industries are the applications of CPFR most prevalent?Explanation: Collaborative Planning, Forecasting, and Replenishment (CPFR) is a supply chain management strategy that focuses on enhancing collaboration and information sharing between trading partners.
While CPFR can be applied across various industries, it has gained significant traction in the apparel, food, and general merchandise sectors.
These industries often deal with complex supply chains involving multiple stakeholders, including manufacturers, distributors, and retailers.
The implementation of CPFR in these industries helps to improve demand forecasting accuracy, optimize inventory levels, streamline replenishment processes, and reduce costs.
The agricultural industry, although involved in the supply chain, may have different characteristics and requirements compared to the other mentioned industries, which might explain its relatively lower adoption of CPFR.
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Which of the following is most likely to be a complement to coffee?a. Baked beansb. Decaf coffeec. Tead. Creamer
Answers
d. Creamer is most likely to be a complement to coffee
A commodity that is utilised in conjunction with another item or service is known as a complement. This is a crucial idea in economics since it increases the value of the complementary good in a considerable way. Because of this, merchants frequently attempt to combine complementary sales. Coffee is frequently given a creamer boost to improve its flavor and texture and make it creamier and smoother. Creamers come in various forms, such as flavored, non-dairy creamer, and creamer with dairy.
Although they can be served as a side dish for breakfast, baked beans are not traditionally enjoyed with coffee. Decaf coffee is a variety of coffee that has had the majority of its caffeine removed; as such, it is more of a replacement for individuals who would like to forgo caffeine than a complement to coffee. Some people might prefer tea instead of coffee, tea is a distinct beverage that is not commonly consumed alongside coffee.
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Assuming the workmans live in california, a community property state, and that diana and ryan file separately, what is diana's gross income minus expenses on the day care business?
Answers
Diana and Ryan file separately, Diana's gross income minus expenses on the day care business would be half of the total gross income minus expenses for the business.
In California, a community property state, the income and expenses from a business owned by a married couple are generally split evenly between the two spouses. To calculate Diana's gross income minus expenses, we would first need to know the total gross income and total expenses for the day care business. Once we have those numbers, we can use the following formula:
Diana's gross income minus expenses = (Total gross income / 2) - (Total expenses / 2)
For example, if the total gross income for the day care business was $100,000 and the total expenses were $50,000, Diana's gross income minus expenses would be:
Diana's gross income minus expenses = ($100,000 / 2) - ($50,000 / 2) = $50,000 - $25,000 = $25,000
Therefore, Diana's gross income minus expenses on the day care business would be $25,000.
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Type the correct answer in the box. Spell all words correctly.
What is the term for the account balances of commercial banks held by the central bank?
The account balances of commercial banks held by the central bank are termed _______
Answers
Answer:
Money Supply
Explanation:
Hope it helps, if its right it would be much appreciated if you could give me brainliest!
Answer: Money Supply
Explanation: The total amount of money-cash, coins, and balances in bank accounts-in circulation.
The role of the forward FX contract is to offset the uncertainty regarding the future spot rate on a particular currency at the end of the investment horizon.
True or False?
Answers
True.
A forward FX contract allows an investor to lock in a future exchange rate for a specific currency, which helps to mitigate the risk of uncertainty surrounding the spot rate at the end of the investment horizon.
By entering into a forward contract, the investor can secure a known exchange rate and reduce their exposure to fluctuations in the currency market. However, it's important to note that forward contracts are not foolproof and there is still some risk involved.
Factors such as unexpected political or economic events can impact exchange rates, even if they are locked in through a forward contract.
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which of the methods of managing resistance to change runs the risk of leaving people angry at the initiators
Answers
The method of forcing change is the method of managing resistance
to change that runs the risk of leaving people angry at the initiators.
This method involves using coercion, threats, or other forms of pressure to push through a change without seeking input or buy-in from those affected by the change. This approach can be effective in situations where there is an urgent need for change or when resistance is particularly strong, but it also carries a high risk of negative consequences.
Forcing change can lead to resentment, mistrust, and disengagement among those affected, which can undermine the success of the change effort. As a result, it is generally recommended to use more collaborative and participatory methods of managing resistance to change, such as involving stakeholders in the change process and addressing their concerns and feedback.
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help need this in 30 mins! 1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the lesson 2 questions on what you want from your life page. (1-3 sentences. 3.0 points)
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1=3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answers
1. The best example of a task that makes a lot of sense in a company to outsource its customer support which is more common than phone support. Even the costs may be high, there are many parts which employing, providing office space, and training, and paying taxes on support reps are not very high. It makes sense because it is the best way to outsource a company and to make a better approach to the client.
2. Human resources staff are tasked with keeping up-to-date personnel policies for the companies they work for. These policies govern how a business is run, from hiring and termination to policies for sexual harassment and forms of workplace discrimination. Personnel policies are given to new employees to review, and they are often asked to sign a statement saying that they read and understand the policies. Policies and procedures vary from company to company, but certain elements are common.
3.
Heading information: Where they live, where they came from, who to contact when something bad happens.Work Environment: Know what's around you, be able to know it's safe for workers.3 or 4 skills they need to have: Being able to do the work they are task with.4. I would use employee referral programs and hire for attitude and then do training for skills. Employees working in your organization can be a valuable source of knowledge need when recruiting. They have friends and acquaintances that are in the same field. Come up with a policy that will enable staff to refer suitable candidates for job positions in the company. A smart recruiter should search for attitude when recruiting employees because skills can be gained. The best candidate should show a positive attitude towards a position with the required skills which is in most cases difficult to find. The technique to employ here as a recruiter is to find a person with a positive attitude towards a job posting.
5. The 2 methods which I will use to identify job opportunities if I was looking for a job would be, internships and company websites. Internships: As I am without a job, obtaining a short space among a renowned organization is an excellent method to acquire a footing in the entrance, or produce me including valuable business connections to convene upon in the eternity. Company Websites: If I want a job and want to get to know the company better, why not check out the job part of the company’s website. If I will see opportunities on the company’s website, there is a possibility I will obtain exactly the opportunity that I have been expecting for.
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page.
So here are the questions the question is talking about:
What activities do you most enjoy?What activities do you least enjoy?What things have you never done before but want to try?What things would your job need to include in order to make you feel satisfied?What things are you especially good at?What are your weaknesses?What values are most important to you?What issues or causes do you care most about?Which people in your life are most important to you?I answered these 3:
What are your weaknesses? My weaknesses include trouble focusing, impulsiveness, lack of motivation at times, and wanting to be recognized for my efforts. Which people in your life are most important to you? My mom, my grandpa, and my best friend. I would do anything for them, and they know that. I tend to care about their wellbeing more than my own because they give me the motivation to pursue any opportunity that comes my way. What things are you especially good at? I am good at motivating and helping others. I understand my faults and always try to improve in any shape, way, or form. I am also very personable.7. I am not sure what career I want to go in so I will just say an example. If I wanted to work in the veterinary field or be an animal doctor, some steps to take to lead toward this career would be to volunteer at the SPCA or animal shelters so I can get hands-on experience and a first-hand experience on what your career would be. With the prior knowledge of the animals on your resume, it would look good and they would hire me for my prior experience.
8. The section that was the easiest was the general information page. Including your name, age, etc. The hardest section for me was the goals section because I don’t really have any concrete goals at this point in my life right now and I am stuck choosing between multiple career options. One example of an experience I had in the past was when I would volunteer at my church (when I was religious). Now I tend to act as my mother’s secretary for her job, letting her know information from a voicemail, driving her, or taking notes for her meetings.
I put a lot of time and effort into this so, I hoped this helped! :)
Any transaction in which a new life policy or annuity is to be purchased, and the producer knows, or should know, that existing contract(s) will be: lapsed, forfeited, surrendered, terminated, reduced in value, amended with a reduction in benefit or term, have a reduced cash value, or is subjected to borrowing, is best known as a __________.
Answers
Answer:
Replacement
Explanation:
The transaction that related to the new policy or annuity that to be buy and the producer aware that the last contract should be lapsed, terminated or there is a decrease in value that amends with the decrease in the benefit with respect to the borrowing so this we called as the replacement that means here we replace the policy with the new one
T/F: As claimed in "A Bigger World," U.S. consumer behavior has little effect on emerging economies.
Answers
The given statement "A Bigger World" claims that U.S. consumer behavior has a significant impact on emerging economies." is false. The book highlights how the increasing demand for cheap goods in the U.S. has led to the rise of manufacturing industries in countries like China, Vietnam, and Bangladesh.
This has resulted in a shift in global economic power, with emerging economies playing a larger role in the world economy. However, the book also discusses the negative consequences of this trend, such as poor working conditions and low wages in these manufacturing industries.Furthermore, U.S. consumer behavior also affects emerging economies through the flow of capital. Many U.S. companies invest in emerging markets, which can lead to economic growth and development.
However, this can also result in exploitation and environmental degradation.In conclusion, U.S. consumer behavior has a significant impact on emerging economies, both in terms of demand for goods and capital flow. However, this impact is complex and can have both positive and negative consequences.
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from the perspective of the firm, what is the difference between the short run and the long run?
Answers
The short run refers to a period where a firm operates with fixed inputs and limited ability to adjust production capacity, whereas the long run allows for flexibility in varying all inputs and adjusting production capacity.
What distinguishes the short run from the long run from the perspective of a firm?In the short run, firms are restricted by fixed inputs like machinery and facilities, limiting their ability to adjust operations or facility size. They focus on optimizing existing resources. In contrast, the long run allows firms to modify all inputs, including labor, capital, and technology.
This flexibility enables them to adapt production capacity to meet market demands and enhance overall performance. By adjusting inputs, firms can expand or contract operations to align with changing circumstances. This long-run perspective empowers firms to strategize effectively and achieve sustained growth by leveraging the potential of various inputs and responding to evolving market conditions.
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carlson company is considering replacing equipment that has a current book value of $600,000. new equipment costs $500,000, and the old equipment can be sold for $400,000. what is the sunk cost in this situation?
Answers
The total amount of sunk costs in this scenario is $500,000 (Current value $600000 - New equipment cost $500000 = $100000 + Old equipment $400000 = $500000.
Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company might incur, like choices regarding the price of products or the cost of purchasing inventory.
Sunk costs and prospective costs future expenses that could be avoided if action is taken are contrasted.
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Managing the international environment (Connect, Perform) Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? O Franchising Licensing O Exporting Importing Disney invested approximately $4 billion to construct a Disney theme park and resort near Shanghai, China.
Answers
In the given situation international business is an example of the (B) licensing business.
What is licensing business?A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.
Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.
The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.
A company operating without the necessary business permits may be fined or shut down by government organizations.
Therefore, in the given situation international business is an example of the (B) licensing business.
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Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?
A. Franchising
B. Licensing
C. Exporting
D. Importing