Answer:
2018: $78 million
2019: $468 million
2020: $234 million
Explanation:
Given that State Construction incurred costs as follows:
Year Cost
2018 $60 million
2019 $360 million
2020 $180 million
Total cost = $60 million + $360 million + $180 million = $600 million
Percentage to total cost ratio is:
For 2018 = $60 million / $600 million = 0.1,
For 2019 = $360 million / $600 million = 0.6,
For 2020 = $180 million / $600 million = 0.3.
Revenue = Percentage to total cost ratio × Contract price.
Contract price = $780 million
For 2018, Revenue = 0.1 × $780 million = $78 million
For 2019, Revenue = 0.6 × $780 million = $468 million
For 2020, Revenue = 0.3 × $780 million = $234 million
Well you can ask yourself which of these answers have to do with having a flexible mind. I would say having a flexible mind
helps you become a team player
because in order to work with other people you must have a flexible mind.
Answer:
a. Borrow using short-term notes payable and use the cash to increase inventories.
Explanation:
The formula to compute the current ratio is shown below:
Current ratio = Total Current assets ÷ total current liabilities
where,
The current assets = Cash and cash equivalents + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses and other current assets
And, current liabilities would be
= Short-term obligations + Accounts payable
If the current ratio is 0.5 which means that the current asset is 1 and the current liabilities are 2 so the most appropriate option is a.
Answer:
Present value of Liability is $59,989
Explanation:
Money does not have the same value in future as it has today. The present value calculates the today's value of any that cash flow will be made in future.
Liability = FV = $398,930
Number of years = n = 28 years
Discount rate = r = 7%
Present value = FV / ( 1 + r )^n
Present value = $398,930 / ( 1 + 0.07 )^28
Present value = $398,930 / 6.65
Present value = $59,989.47
Answer:
Option (b) is correct.
Explanation:
Given that,
Sales = 145,000 units
Desired ending inventory = 28,500 units
Beginning inventory = 21,750
Budgeted production in units for November:
= Sales + desired ending inventory - Beginning inventory
= 145,000 units + (190,000 × 15%) - 21,750
= 145,000 units + 28,500 - 21,750
= 151,750 units