As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000 Accounts Receivable 15,000 Inventory 40,000 Prepaid Insurance 3000 Fixed Assets 100,000 Accounts Payable 15,000 Notes Payable in 5 Months 12,500 Salary Payable 25,000 Notes Payable in 5 years 35,000 Owner’s Equity 98,000 2. What is the company's Current Ratio? Question 3 options: 2.5 1.75 2.1 1.2

Answers

Answer 1

Answer:

1.2

Explanation:

current ratio = current assets / current liabilities

current assets = cash ($5,000) + accounts receivable ($15,000) + inventory ($40,000) + prepaid insurance ($3,000) = $63,000current liabilities = accounts payable ($15,000) + notes payable in 5 months ($12,500) + salaries payable ($25,000) = $52,500

current ratio = $63,000 / $52,500 = 1.2


Related Questions

Jaden works for LeoHart. He meets with a team to discuss shareholders’ interests and assign managers to run certain parts of the company.

Answers

Answer:

Jaden have to deal with good products

Explanation:

Jaden have to advertise the product and be good bheaving to them

What are the consequences of Real wage unemployment?

Answers

Answer:

Explanation:

Firstly, in a recession, if you cut wages, it will cause a fall in spending because people have less income, this will reduce aggregate demand and therefore lead to lower economic growth. This, in turn, will lead to less demand for labour.

This is a good question, I feel like the person who first responded gave a good detailed academic answer!

Explain three guidelines for evaluating ads.

Answers

Answer:

Looks, actors, what the product is

Explanation:

If it looks perfect, you know it is fake or polished in some way. If the actors talk really fast or act serious, it shows a bad sign in the product. Finally, it needs to have facts not opinions

Looks actors and what products look like these are the main points and if any are missing it will not be a successful add campaign.

Which of the following should be considered last when searching for financing? Question 7 options: Family members Banks Commercial finance companies Credit cards

Answers

Answer: credit card should be last

Explanation:

credit cards should be considered last because the other three are more important

Which of the following statements is false? A. We are able to assert dominance over others most exclusively with eye contact in a matter of seconds when we first encounter one another B. We tend to direct our comments toward those from whom we expect or what like feedback C. Males consistently give more eye contact in females D. There is more Mutual contact between friends than other

Answers

Answer:

Explanation: need points :D

Economics: Which items make up the marketing mix?

Answers

Answer: Price, Product, Promotion and Place.

Explanation:

Answer:

price, product, promotion and place

Explanation:

plz follow me and give brainliest

Parental freedom is limited by laws requiring what?
O A. Public-school funding
O B. Uncensored textbooks
O C. Compulsory education
O D. Educational subsidies​

Answers

Answer:

Compulsory education

Explanation:

Compulsory education can be defined as the duration of time by law that is compulsory for children to start their education or start to attend school , although the period of time in which this children start their education depend on their age and in some cases the legal law of COMPULSORY EDUCATION may want parent to send their children to either Public or Private schools for a period of time.

Therefore we can vividly say that Parental freedom is limited by laws requiring what we called COMPULSORY EDUCATION .

The answer is c. Compulsory education.
Explanation: hopefully it’s correct :)

Use the information presented in the curve to answer
the following question.
What is the equilibrium price for the product?
$25
$20
$15
$10

Answers

Answer:

20

Explanation:

The answer must be $20 after calculating it.

Should senior citizens, students, and children be allowed to pay cheaper prices for goods and services

Answers

Answer:

Price discrimination

Explanation:

Price discrimination refers to a marketing tactic in which the seller invoice different prices to clients for the identical type of product or service they are offering to the customers

While on the other hand, In pure price discrimination, the seller charges the maximum price from each customer

Therefore in the given situation, here price discrimination should be used

Yes I agree totally correct love this students..

Which of these are characteristics of successful entrepreneurs?(select four answers)

Confidence,discipline, optimism,& passion

Answers

Answer:

Confidence, discipline, optimism, & passion

Explanation:

You are correct. :)

The demand for digital media has increased over the last several years. How would this affect the wages paid to web developers?

Answers

Answer:

Increase in wages

Explanation:

Nowadays we can see that the demand for digital media is increasing immensely, due to which there is also a greater need for a web developer who designs and runs a digital media platform.

Web developers are being paid more salary and wages, due to their high requirement, they get fair wages and also get more employment opportunities.

Answer:

increase

Explanation:

Nowadays we can see that the demand for digital media is increasing immensely, due to which there is also a greater need for a web developer who designs and runs a digital media platform.

Web developers are being paid more salary and wages, due to their high requirement, they get fair wages and also get more employment opportunities.

With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the life of the loan. The principal is then paid on the date that the loan is due. Question 2 options: retirement loan balloon loan line of credit installment loan

Answers

Answer:

Installment Loan

Which of the following accurately describes socially responsible investing?
A. When investors give some of their profits to nonprofit corporations
B. When investors vote for a board of directors from their own
society
C. When investors buy into companies with ethical practices they
support
D. When investors attempt to maximize profits for society instead of
for themselves​

Answers

Answer: C

C)When investors buy into companies with ethical practices they support

Explanation:

A P EX

As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000 Accounts Receivable 15,000 Inventory 40,000 Prepaid Insurance 3000 Fixed Assets 100,000 Accounts Payable 15,000 Notes Payable in 5 Months 12,500 Salary Payable 25,000 Notes Payable in 5 years 35,000 Owner’s Equity 98,000 2. What is the company's Working Capital? Question 2 options: 12,500 10,500 15,000 15,500

Answers

Answer:

$10,500

Explanation:

Calculation for Stanford Company's Working Capital

Using this formula

Working capital =Current Assets- Current Liabilities

Where,

Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Insurance

Current Assets = ($5,000 + $15,000 + $40,000 + $3,000) = $63,000

Current Liabilities = Accounts Payable + Notes Payable in 5 Months + Salary Payable

Current Liabilities = ($15,000 + $12,500 + $25,000) = $52,500

Let plug in the formula

Working capital =$63,000-$52,500

Working capital =$10,500

Therefore the Working Capital for Stanford Company will be $10,500

Answer:

10,500

Explanation:

If you took $1,000 and put it into an interest-bearing savings account compounding quarterly at 3%, how much would your fund be worth at the end of one year? A: $1,030.00 B: $1,120.00 C: $1,030.34 D: $1,120.33

Answers

Answer:

C. $1030.34

Explanation:

Given:

Principal = $1,000

Interest = 3%

Number of Times = Quarterly

Time = 1 year

Interest Type = Compound Interest

Required

Amount at the end of the year

To solve this, I'll make use of Amount formula which is;

[tex]A = P(1 + \frac{r}{n})^{nt}[/tex]

Using compound interest notations, the given parameters are:

P = $1,000

r = 3%

t = 1

Quarterly means 4 times a year;

So, n = 4

Solving for Amount (A), the formula becomes

[tex]A = \$ 1000(1 + \frac{3\%}{4})^{4 * 1}[/tex]

[tex]A = \$ 1000(1 + \frac{3\%}{4})^{4}[/tex]

Convert percent to decimal

[tex]A = \$ 1000(1 + \frac{0.03}{4})^{4}[/tex]

[tex]A = \$ 1000(1 + 0.0075)^{4}[/tex]

Solve the expression in the bracket

[tex]A = \$ 1000(1 .0075)^{4}[/tex]

Solve the exponent

[tex]A = \$ 1000 * 1.03033919066[/tex]

[tex]A = \$ 1030.33919066[/tex]

[tex]A = \$ 1030.34[/tex] (Approximated)

Hence, the amount at the end of the year is approximately $1030.34

your answer should be C $1,030

How are jobs affected by supply and demand ?Explain how changes in supply and demand couple impact employment and jobs?

Answers

Answer:

Please see explanation below

Explanation:

a. Just as supply and demand affects any other market, so does it affects jobs too. Take for instance if additional workers are added to the existing workforce while the demand for jobs remains the same; it means that employers would likely pay less which will bring about drop in income to employees hence causes less job stability. On the other hand, if there is an increase in demand for jobs while supply remains the same; then employers will be willing to pay more thereby resulting in higher income for few who are employed hence bring about job stability.

b. Change in demand refers to either an increase or decrease in demand for a particular good or service due to changes in consumer tastes, income level, population, price of substitutes etc; while change in supply is when suppliers decided to either increase or decrease their production or output due to changes in technology, process automation, change in the number of competitors in the market, taxes, production costs etc.

An increase in demand for certain goods or services would necessitate an increase in supply for such goods hence create avenue for producers or manufacturers to employ more people to produce them. Also, a decrease in demand for certain goods or services would result in less goods being produced hence lesser people getting employed to produce such goods.

On the other hand, when producers embraces new technology or process automation , the possibility of producing more goods will be higher while such would result in job losses.

How does physical, chemical and biological factors affect the environment and examples of each

Answers

Physical factors shape the environment and determine climate rainfall and vegetation. Chemical factors determine acidity levels of soils, radioactivity and natural chemicals found below the soil. They are also important for the nutrition of other animals. Biological factors include all of the plants and animals and they help change the environment daily.

Which of the following does not promote increased international trade and economic growth?

A. High tariffs
B. Technological improvements
C. Industrialization
D. Trade liberalization​

Answers

Answer:

High Tariffs              

The answer is A) High Tariffs

What is one of the advantages of having a F a c e b o o k fan page instead of a personal page? Question 10 options: Receiving fewer personal messages Sending bulk messages Saving time More personal convenience

Answers

Answer: "More personal convenience".

Explanation:

A F acebook Fan Page is a business account.

It represents a company or organization.It offers unique tools as an added advantage for managing and tracking engagement.

One of the advantages is "More personal convenience".

F acebook fan page has the option of keeping personal page of a person separated and not connected to it.

It can be controlled by the privacy settings on the personal page and optimize the publicity for Fan Page.

Hence, the correct option is "More personal convenience".

Answer:

Sending bulk messages

Explanation:

One of the main differences between a Faceb00k profile and a fan page is you can send bulk messages to all your fans. This is according to the provided textbook, which I recommend reading if you want the answers to more of your questions.

ASAP!!!! Really easy

Answers

Answer:

Go to Excel and use the following business plan:

Explanation:

revenue sheet, gross profit, and firm statement

Answer:

Go to Excel and use the following business plan:

Explanation:

revenue sheet, gross profit, and firm statement

Which of the following accurately describes one way that individual goods
differ from public goods?
A. All individual goods are normal goods.
B. Demand for individual goods is always inelastic.
C. Consumer rivalry results in decreasing marginal utility for
individual goods.
D. People can be excluded from using individual goods if they don't
pay.​

Answers

D. People can be excluded from using individual good if they don’t pay
The correct answer is D. People can be excluded from using individual goods if they don't
pay.

What business is most helped by free trade practices

Answers

Answer:

Competition

Explanation:

Free markets allow open competition in the marketplace.

Competition because they are the ones that keep the economic market active they are the most helped.

Which of the following statements about cash basis accounting is true? (Select the best answer.
A.The IRS allows all types of corporations to use it
B.It ensures the company always knows how much cash flow it has.
C.It is more complicated than accrual basis accounting.
D.It follows GAAP standards​

Answers

Answer: B.It ensures the company always knows how much cash flow it has.

Explanation:

Cash basis accounting is an accounting method whereby the revenues and expenses are recognized as at the particular time that the cash is gotten or paid out. It should be noted that for the accrual accounting, the income is recognized when revenue is earned and also records the expenses when the liabilities are incurred not taking into cognisance of when the cash is either received or paid.

In cash basis accountant, the expense is debited and the cash is credited in the period that the bill is paid. Finally, it should be noted that the cash basis accounting is not also acceptable under generally Acceptable Accounting Principles (GAAP).

According to Florida law, a child between the ages of 4 and 5 may only use a seat belt in lieu of a
specialized device if:
a) the driver is not a member of the child's immediate family and the child is being transported gratuitously
b) child is being transported in an emergency
c) when a medical condition requires an exception
d) all of the above

Answers

B

Because if the child is an emergency they are required to wear a seat belt for their safety.

The driver is not a member of the child's immediate family and the child is being transported gratuitously and  child is being transported in an emergency.

What are the traffic law's of Florida?There is a certain age and weight limits and vehicle experts recommend that you should be placing your child in the rear seat until he or she is less than 20 pounds of weight or less than 4 years of age.Children below 4 years of age are restrained in the vehicle’s rear seat and must always be seated in the car seat with all the belts on.

To learn more about Traffic laws of Florida refer: https://brainly.com/subject/law

#SPJ2

Kids Early Start (KES) operates from Monday to Friday. KES provides childcare and educational services for inner-city kids between ages of 3 months and 5 years. It has fixed expenses of $35,000 per week and charges parents $15 per day for each child who attends the program.

Answers

Answer:

Actualmente, más de la mitad de los niños menores de 5 años en Estados Unidos asisten periódicamente a algún tipo de programa de guardería o preescolar fuera del hogar. Las experiencias de estos niños en estos lugares afectarán sus vidas futuras. Para muchas familias, lamentablemente, la educación inicial y el cuidado infantil de buena calidad no están disponibles o no son accesibles.

Con el objetivo de tomar medidas para abordar los problemas que se presentan, la declaración de política de la American Academy of Pediatrics (AAP) titulada, "Educación inicial y cuidados infantiles de calidad desde el nacimiento hasta el jardín de niños" (en inglés), detalla tanto la importancia de la educación inicial y los cuidados infantiles de calidad como lo que su pediatra puede hacer para ayudarlo a encontrar estos servicios cerca de su casa.

Explanation:

Presently, more than half of young children in the United States under the age of five consistently attend some kind of preschool or day care program outside the home.

These kids' experiences there will have an impact on how they live in the future.

What does early childhood education process quality entail?

The daily interactions and activities that children have in ECEC settings that promote development are referred to as "process quality."

Prior research has mainly evaluated process quality through careful observation of the behaviors and interactions children take.

The American Academy of Pediatrics (AAP) policy statement aims to take action to solve the current problems. Unfortunately, many families lack access to or availability of high-quality early childhood education and care.

For more information about American Academy  to refer link

https://brainly.com/question/28147212

#SPJ2

A(n) ________ ad tries to convince consumers that everyone else is already buying and enjoying the product, and they should too.

Answers

Answer: Bandwagon

Explanation: Advertisements which are structured in other to pounce on the emotion of the target audience mainly by utilizing the the fact that some consumers are already on board to spur others. It aims to influence consumer decision by making it known that a certain group, market have embraced or adopted a certain product. The main intention is to appeal to other potential consumers to come on board in other to be a part of what others are doing or enjoying. It is usually regarded as a propaganda or persuasive marketing strategy.

Assets - Liabilities = Owner's equity
Which of the following can best define this equation?
Short-term and long-term debt = Amount of money that owners have in
the company
All items of value that a company has - Short-term and long-term debt
= Amount of money that owners have in the company
Short-term and long-term debt - All items of value that a company has
= Amount of money that owners have in the company
All items of value that a company has - Short-term and long-term debt​

Answers

Answer:

I'd say "all items of value that a company has - short term and long term debt = amount of money that owner's have in the company.

In 2012 London hosted the Olympic Games. Explain why business and sales within the hospitality and catering sector increased during and after the games.

Answers

The games increased because people came to the area to celebrate their country winning

Assume your city government has been contacting with a single garbage collection firm that has been granted an exclusive franchise, the sole right, to pick up trash within your entire city limits. However, it has been proposed that companies be allowed to compete for business with residents on an individual basis. The city government has estimated the price residents are willing to pay for various numbers of garbage collections per month and the total cost facing the garbage collector per resident as shown in the following table.

Pickup (Q) Price/Pickup Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC) Average Total Cost (ATC)
0 $4.20 0 --- $3.20 --- ---
1 $3.80 $4.20
2 $3.40 $5.60
3 $3.00 $7.80
4 $2.60 $10.40
5 $2.20 $13.40
6 $1.90 $16.80

1. What are the fixed costs per month of garbage collection per resident? Explain your answer
2. Considering that the current garbage collection firm the city has contracted with has a monopoly in garbage collection services, what is the current number of collections residents receive per month and the price charged residents for each collection? What is the economic profit received from each resident by the monopoly firm? (Note: Profit received form individual resident must be calculated a per unit basis)
3. If competitive bidding were allowed and therefore a competitive market for garbage collection services developed, what would the number of collections per month and the price charged residents per collection? What is the economic profit received from each resident by the competitive firm? (Note that in a competitive market (chapter 13), P=MC=MR)
4. Based on the above analysis, should the city government allow competitive bidding? Why? Would you expect there to be any quality differences between the monopolistic and competitive trash collection firms?

Answers

Answer:

collect and recycle

Explanation:

How the nation’s total income is spread out among its population is referred to as _______. -) workforce -) income distribution -) the enterprise zone -) the poverty rate m

Answers

The answer is 2.
It is referred to as income distribution.

HEYA PAL!!

Answer:

It is referred to as income distribution.

Explanation:

i know the Answer is income distribution because

workforce is the people engaged in work or available for work, either in a country or area or in a particular firm or industry.

the enterprise zone is an area in which state motive such as tax are offered to encourage business investment. meaning it is money for business investments.

and poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line.

so, there is income distribution left because not only it suits the answer but as long as I remember, i knew the definition of it .

Hope it helps!!

Other Questions
5/6 n=10 show me how to solve it please "In one or two sentences, summarize what Pythius did to sell his house. Should this type of "salesmanship" be legal today? Explain." Please help!! Maths question I don't understand! Working out simultaneous equations. Drag each equation to the correct location on the table. Solve the equations for the given variable. Then place the equations in the table under the correct solution.x = 3x 3 Methods of data collection which are _______________ and systematic are said to be intersubjective. The atomic size of sodium is smaller than that of the sodium why? The early blacksmith was a muscular man covered in soot. He toiled all day, making and repairing metal objects such as pots and pans, farm implements and tools, fencing, horseshoes, and nails. His one-room shop was kept dark so that the blacksmith could gauge the temperature of the metal by its color as it heated in the forge. In the center of the room stood a large metal anvil on which the blacksmith pounded the hot iron into shape with an enormous hammer. Next to the anvil stood a bucket of water. Near that was a collection of tools. Using context clues, determine the meaning of the word implements. Which is the meaning A sample of gas (1.9 mol) is in a flask at 21 C and 697 mmHg. The flask is opened and more gas is added to the flask. The new pressure is 795 mmHg and the temperature is now 26 C. There are now __________ mol of gas in the flask. What is true about the functional relationship shown in the graph? What was a result of the mexican-american war Hour many hours are in 7 days? A store finds that its sales decline after the end of an advertising campaign. On the day that the campaign ends, daily sales are $8,500 and 3 days after the end of the campaign daily sales are $5,100. Usual daily sales for the store total $3,500. Assume the decline in sales follows the pattern of Newton's Law of Cooling (Heating). What are daily sales for the store 7 days after the end of the advertising campaign A length is stated as 4 m correct to the nearest m. What is the lower bound? A 100 cm length of nichrome wire has a radius of 0.50 mm, a resistivity LaTeX: \rho_0 0= 1.0 10-6 m , and a temperature coefficient LaTeX: \alpha = 0.4 10-3 (oC)-1. At T0 = 20 oC the wire carries current of 0.50 A. How much power does the wire dissipate at a temperature T = 350 oC? Assume the potential difference across the ends of the wire remains constant. Group of answer choices I NEED HELP PLEASE, THANKS! :) 8x 2 5x + 7 = one solution Which statement most accurately represents Carnegies effect on the steel industry between 1865 and 1892? Which two of these options would be realistic responses for readers of this extract? Be a healthy weight Eating a healthy, balanced diet plays an essential role in maintaining a healthy weight, which is an important part of overall good health. Being overweight or obese can lead to health conditions such as type 2 diabetes, certain cancers, heart disease and stroke. Being underweight could also affect your health. Check whether you're a healthy weight by using our Healthy weight calculator. Physical activity can help you to maintain weight loss or be a healthy weight. Being active doesn't have to mean hours at the gym: you can find ways to fit more activity into your daily life. For example, try getting off the bus one stop early on the way home from work, and walking. Being physically active may help reduce the risk of heart disease, stroke and type 2 diabetes. For more ideas, see Get Active Your Way. The coefficient of static friction is usually