answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artist 52 [7]
2 years ago
8

A corporate loan applicant has cash of $40, receivables of $50, and inventory of $20. The applicant also has current debts of $6

5. If the bank's policy requires a current ratio of 1.75 or better and an acid test ratio of 1.25 or better would the applicant receive the loan?
A. Yes, because the applicant's current ratio and acid test ratios are acceptable.
B. No, because the applicant's current ratio and acid test ratios are both unacceptable.
C. No, because although the applicant's current ratio is acceptable, its acid test ratio is not.
D. No, because although the applicant's acid test ratio is acceptable, its current ratio is not.
Business
1 answer:
8090 [49]2 years ago
3 0

Answer:

B. No, because the applicant's current ratio and acid test ratios are both unacceptable.

Explanation:

The formulas for the ratio are as follows,

Current ratio = Current assets  / Current Liabilities

Acid Test = Current assets - Inventory / Current Liabilities

For the applicant, we have the following ratio

Current Ratio = (40 + 50 + 20) / 65 = 1.69

Acid Test = (40+50-20)/65 = 1.077

As per the banks requirements, the applicant does not qualify for the loan due to both ratios being unacceptable.

Hope that helps.

You might be interested in
Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl
Rama09 [41]

Answer:

3. one case of 24 sodas @ $ 18.50

Explanation:

The question requires that the hosts need to have enough to have two sodas each. The number of guests being 10, the requirement is to have 20 sodas.

Now comparing the various pack sizes available:

1. 20 sodas $ 1.50 per bottle, Total cost $ 30, per serving cost $1.50

2. 4 6 packs @ $ 5 each. Total cost $20, Per serving cost $0.83

3. 24 soda case @ $18.5. Total cost $ 18.50, Per Serving costs $ 0.77

4, 2 x 24 soda cases @ 18.50. Total Cost $ 37.00 Per serving costs $ 0.77

The per serving costs are the same in 3 & 4 above, however, since the requirement is to have 20 sodas and the overall costs as well as the per serving costs is the best in option 3, this is the preferred option.

8 0
2 years ago
Fill in the blanks.
pantera1 [17]

Answer:

The blank spaces are bold

Explanation:

a. The line  is called the​ population regression plane.

b. The common conditional standard deviation of the response variable is denoted​ σ.

c. For x=​6, the conditional distribution of the response variable is a​ normal distribution having mean​ βx + 6β1  and standard deviation​ σ.

8 0
2 years ago
A Markov analysis is primarily used to ________. analyze the effectiveness of recruitment sources assess the productivity and te
Aleksandr-060686 [28]

Answer:

Forcast the availability of internal job candidates.

Explanation:

Markov analysis is a progressive probability matrix. Markov analysis was created to identify the probabilities of job incumbents that are remaining in their different jobs for the prediction period.

Markov analysis describes the movement of job incumbents( officers and directors) from one state to another during a one time period.

Markov processes are a particular group of mathematical models which are sometimes applied in a variety of decision troubles.

Markov models can be used to identify different patterns, make suitable predictions and also learn the various figures of sequential information.

3 0
2 years ago
mercury is a liquid metal. its density is 13.6g/cm3 . mercury is supplied in a plastic bottle whose volume is 50cm3. the empty b
IgorLugansk [536]

density=mass/volume

mass=density *volume

mass of mercury=13.6 *50=680g

mass of bottle when filled with mercury=680 +25=705g

7 0
2 years ago
How do you think Alden, from Situation 2, found out about Revinate? Given all the online companies that might help your business
7nadin3 [17]

The correct answer to this open question is the following.

Although you forgot to include the proper context of the question or further references, we can comment on the following.

Alden found out about Revinate by searching on the web trying to find the best software options that could help the company to identify the customer's reviews so Gregory E. Alden could make the best decisions for his company.

Gregory E. Alden is the manager of the company Woodside Hotels, located in Northern California. He was trying to monitor the comments of his high-class clients because Woodside Hotels is in the luxurious hotel business. So knowing that constantly monitoring client's comments on social media pages such as TripAdvisor or Yelp can be an arduous and difficult task, Gregory searched for the best software company to monitor client's comments on social media. That is how he found Revinate, a company that helps managers to track reviews so they can make the best business decisions once they have learned what their customers desire. And that is exactly what I would do to choose the kind of company to know about the preferences of my customers.

7 0
2 years ago
Other questions:
  • Jack and diane each buy pizza and paperback novels. pizza costs $3 per slice, and paperback novels cost $5 each. jack has a budg
    8·1 answer
  • Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay
    6·1 answer
  • Suppose the current spot rate for the Norwegian kroner is $1 = NKr6.6869. The expected inflation rate in Norway is 6 percent and
    15·1 answer
  • Which of the following is a control problem related to segregation of duties? a. Bob order office supplies and deposits the comp
    9·1 answer
  • On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and Decembe
    14·1 answer
  • Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 w
    15·1 answer
  • Dexter Metals, paid its first annual dividend yesterday in the amount of $0.18 a share. The company plans to double each annual
    6·1 answer
  • On January 1, 2021, McGee Co. had the following balances: Projected benefit obligation $7,800,000 Fair value of plan assets 7,80
    7·1 answer
  • Sanchez Corporation Selected Financial Information 12/31/18 12/31/17 Cash$20,000 $25,000 Accounts receivable (net) 100,000 110,0
    7·1 answer
  • A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!