Current Position Analysis The bond indenture for the 10-year, 9% debenture bonds issued January 2, 20Y5, required working capital of $100,000, a current ratio of 1.5, and a quick ratio of 1.0 at the end of each calendar year until the bonds mature. At December 31, 20Y6, the three measures were computed as follows: 1. Current assets Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Intangible assets Property, plant, and equipment $102,000 48,000 120,000 36,000 24,000 124,800 55,200 Total current assets (net) $510,000 2. Current liabilities Accounts and short-term notes payable $96,000 Accrued liabilities 204,000 Total current liabilities 300,000 Working capital Find:1. Current ratio 2. Quick ratio 3. Find the errors in the determination of the three measures of current position analysis.
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Business, 21.06.2019 18:00, helo55
Which of the following results from outsourcing jobs from the united states to other countries? a. increasing exports out the united states. b. lower wages for u. s. workers. c. reduced immigration to the united states. d. subsidies for goods made in the united states. 2b2t
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Business, 22.06.2019 09:00, episodegirl903
You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
Answers: 3
Business, 22.06.2019 16:10, boogerbuttday
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
Current Position Analysis The bond indenture for the 10-year, 9% debenture bonds issued January 2, 2...
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