Your company must make a $448,000 balloon payment on a lease 2 years and 9 months from today. You have been directed to deposit an amount of money quarterly, beginning today, to provide for the $448,000 payment. The account pays 4% per year, compounded quarterly. What is the required quarterly deposit? Note: Lease payments are due at the beginning of the quarter.
Answers
To determine the required quarterly deposit, we need to calculate the present value of the $448,000 balloon payment due 2 years and 9 months from today.The required quarterly deposit to provide for the $448,000 balloon payment is approximately $36,256.78.
First, let's convert the time to quarters. Since there are 4 quarters in a year, 2 years and 9 months is equivalent to (2 * 4) + 3 = 11 quarters.
The interest rate per quarter is 4% divided by 4, which is 1%.
Using the present value formula for a future lump sum:
PV = FV / (1 + r)^n
Where:
PV = Present value
FV = Future value
r = Interest rate per period
n = Number of periods
PV = $448,000 / (1 + 0.01)^11
PV = $448,000 / (1.01)^11
PV = $448,000 / 1.1237
PV ≈ $398,824.60
The required quarterly deposit is the present value divided by the number of quarters until the payment is due:
Required Quarterly Deposit = $398,824.60 / 11
Required Quarterly Deposit ≈ $36,256.78
Therefore, the required quarterly deposit to provide for the $448,000 balloon payment is approximately $36,256.78.
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Related Questions
3. Integrated Potato Chips does not pay a dividend. Its current stock price is $150 and there is an equal probability that the return over the coming year will be -10%, +20%, or +50%. A) What is the expected price at year-end?
Answers
Integrated Potato chips expected price at year-end will be around $180.
What is the expected price?An expected price level, also known as anticipated price level, is the rate or price that products and services might be expected to attain given a specific set of economic conditions. This kind of figure is typically predicted by economists or even business owners as a way to get a sense of what will happen in a particular market should certain circumstances take place.
What does stock price mean?The price at which a share of stock is currently trading on the market is referred to as the stock price. When shares of a publicly traded firm are issued, their value is assigned a price that, ideally, represents the worth of the company itself.
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Rounding up to the nearest cent, what is the ending inventory value for ornamental trees and decorative spotlights as of october 31 of the current year?
Answers
Rounding up to the nearest cent, 10.5 770 is the ending inventory value for ornamental trees and decorative spotlights as of October 31 of the current year.
Decorative spotlight Ornamental trees
Quantity Rate Total Quantity Rate Total
Purchase 15th October 10 10 100 10 125 1250
Purchase return 20th October -6 10 -60
Purchase return 25th October 3 10.5 31.5 10 110 1100
Net purchase 7 71.5 20 2350
Damage 28th October 1 125 125
Sale is First taken from old as per FIFO 4 10 40 9 125 1125
Remaining taken from next buy 2 10.5 21 3 110 330
6 61 13 1580
Closing Stock 1 10.5 7 770
Alternative: Just calculate the closing quantity and last purchase price
Decorative spotlight Ornamental trees
Quantity 1 7
Per piece purchase 10.5 110
Total 10.5 770.
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Unstable cildiei 1.
NISM
Kelly Krantz
3 points
13. Kelly Krantz saved $250.00 to buy clothes and supplies for the new school year. She went to the mall
and bought the following items: 3 pair of jeans that cost $35.00 each; 5 shirts that cost $15.50 each;
new shoes for $48.00; 6 notebooks at a cost of $1.50 each; and a pack of pens for $2.75. How much
more or less than she budgeted did she actually spend?
Your answer
Submit
Log
Answers
Answer:
$62.50 more
Explanation:
please mark branliest
Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answers
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
7. A broad, general, and written statement of a specific job is called a
O A. job analysis.
O B. job title.
OC. job objective.
OD. job description.
Answers
A broad, general, and written statement of a specific job is called a job description.
Why is job description important?An effective, plain-language instrument for outlining a position's activities, duties, functions, and responsibilities is the job description. It describes who does a certain sort of work, how that work is to be accomplished, how frequently that work is done, and how it links to the mission and goals of the company.
A job description hence lists the qualifications, education, and training that a prospective employee must possess. It will detail the tasks and accountability of the position. An established job description can be used as a starting point for applicant interviews, new hire orientation, and performance reviews. The heading information, which includes the job title, pay grade or range, reporting relationship, hours or other requirements, is the most important part of a comprehensive job description.
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Your gross income (pay for before deductions for taxes) is $10,000 a month, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,000 per month. What is your monthly personal debt ratio
Answers
Based on your debt per month and your gross income, the monthly personal debt ratio is 20%.
How can you find the monthly personal debt ratio?This can be found as:
= Personal debt / Gross income
Solving gives:
= 2,000 / 10,000
= 20%
In conclusion, the personal debt ratio is 20%.
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I WILL GIVE THE BRAINLIEST!!
At Beta Distribution Center, a worker was injured when she tried to remove
items from a shelf and knocked a heavy box onto her foot. A week later, some
posters stored in tubes rolled off another shelf and into an aisle. A second
worker tripped over a tube and fell. Which of the following measures would
best prevent this type of safety problem at Beta?
A Teach procedures for stacking items in straight, even loads.
B. Train workers to lift with the legs and avoid twisting.
оооо
OC. Give workers protective equipment to use when handling spills.
D. Mark dock edges with warnings.
Answers
Answer:
A.
Explanation:
If the things were placed correctly and evenly, then no injuries would occur. The first worker accidently knocked something down. This happened because the items on the shelf were wrongly placed. The second worker was injured because posters stored in the tubes were in uneven loads, hence why they rolled onto another shelf.
Teach procedures for stacking items in straight, even loads measures would best prevent this type of safety problem at Beta. Thus, option A is correct.
Who is a worker?The worker can be defined as a person who is being employed for the services that they can render. They are often paid according to the job that they have done. Any kind of workers are operators some kind of artists etc
Beta distribution Centre the worker when trying to remove the shell float was injured and did not stop in complete order and they were carelessly placed. The misplaced objects on the shelf are to blame for what transpired.
There the people are the stacking Team should be given knowledge regarding the same. No damage should result from incorrect or uneven placement of the objects.
Therefore, option A is the correct option.
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Billkin Company Income Statement For the year ended December 31, Year1 & 2 (dollars in thousands) Year 1 Net sales Less: Cost of goods sold Gross Margin Less: Operating expenses Operating Income Less: Interest expense Income before taxes Less: Income taxes (50%) Net income 75,000.00 52,500.00 22,500.00 11,452.00 11,048.00 400.00 10,648.00 5,324.00 5,324.00 Year 2 50,000.00 35,000.00 15,000.00 10,000.00 5,000.00 400.00 4,600.00 2,300.00 2,300.00 Billkin Company Statement of Retained Earnings For the year ended December 31, Year1 & 2 (dollars in thousands) Year 1 Balance, beginning of period Net income Total Less:Preferred dividends Dividends to common stockholders Balance, ending of period 5,324.00 5,324.00 5,324.00 Year 2 5,324.00 2,300.00 7,624.00 224.00 1,000.00 6,400.00 Billkin Company Comparative balance sheets For the year ended December 31, Year1 & 2 (dollars in thousands) Current Assets Cash Marketable securities Accounts Receivable Inventories Other Total Current Assets Property and equipment Land Buildning and equipment Total long-term assets Total Assets Current Liabilities Notes payable, short term Accounts payable Current maturity of long term debt Accrued payables Total current liabilities Long term liabilities Bonds payable, 10% Total liabilities Stockholder's equity Preferred stock, $25 par, 7% Common stock, $2 par Additional paid in capital Retained earnings Total Equity Total liabilities and stockholder's equity Assets Year 0 Year 1 6,000.00 2,500.00 500.00 2,000.00 5,000.00 10,000.00 3,000.00 800.00 1,500.00 12,300.00 19,000.00 6,000.00 6,000.00 5,000.00 5,000.00 11,000.00 11,000.00 23,300.00 30,000.00 Liabilities and Stockholder's Equity 2,800.00 3,000.00 5,000.00 5,800.00 400.00 400.00 1,500.00 1,876.00 9,700.00 11,076.00 4,000.00 4,000.00 13,700.00 15,076.00 3,200.00 3,200.00 1,600.00 1,600.00 4,800.00 4,800.00 5,324.00 9,600.00 14,924.00 23,300.00 30,000.00 Year 2 1,600.00 1,600.00 8,000.00 10,000.00 800.00 22,000.00 4,000.00 6,000.00 10,000.00 32,000.00 3,200.00 6,400.00 400.00 2,000.00 12,000.00 4,000.00 16,000.00 3,200.00 1,600.00 4,800.00 6,400.00 16,000.00 32,000.00 Instruction: 1 Compute all ratios for YEAR 1 AND YEAR 2 that are found in Liquidity Leverage Profitability ratios 2 Create an overall analysis of the company's performance based on the ratios computed. Make sure analysis is holistic, meaning encompassing the whole company and the relationship of the accounts and their movements. This should help you understand why the company performed such way.
Answers
The analysis of Billkin Company performance shows that the company's liquidity deteriorated in year 2, and profitability also declined. However, the company's leverage position improved, and it was efficiently using its assets and equity to generate income.
The following are the calculations of different ratios for the given years,Year 1 ratios:
1. Liquidity Ratios
Current Ratio= Current Assets/Current Liabilities= 10,000/9,700= 1.03
Acid-test Ratio= (Cash+ Marketable Securities +Accounts Receivable)/Current Liabilities
= (6,000+2,500+500)/9,700= 0.91
Inventory Turnover= Cost of Goods Sold/ Inventory= 52,500/2,000= 26.25 times
2. Leverage Ratios
Debt-to-Equity Ratio= Total Debt/ Total Equity= (9,700+4,000)/14,924
= 1.10
Interest Coverage Ratio= Earnings before Interest and Taxes/ Interest Expense= 11,048/400= 27.62 times
3. Profitability Ratios
Net Profit Margin= Net Income/ Net Sales= 5,324/75,000= 0.07
Return on Total Assets= Net Income/Total Assets= 5,324/23,300= 0.23
Return on Equity= Net Income/Total Equity= 5,324/14,924= 0.36Year 2 ratios:
1. Liquidity Ratios
Current Ratio= Current Assets/Current Liabilities= 1,600/12,000=
0.13
Acid-test Ratio= (Cash+ Marketable Securities +Accounts Receivable)/Current Liabilities
= (1,600+8,000+10,000)/12,000
= 1.58
Inventory Turnover= Cost of Goods Sold/ Inventory
= 35,000/800
= 43.75 times
2. Leverage Ratios
Debt-to-Equity Ratio= Total Debt/ Total Equity= (12,000+4,000)/16,000= 0.875
Interest Coverage Ratio= Earnings before Interest and Taxes/ Interest Expense
= 5,000/400= 12.5 times
3. Profitability Ratios
Net Profit Margin= Net Income/ Net Sales= 2,300/50,000
= 0.046
Return on Total Assets= Net Income/Total Assets
= 2,300/32,000
= 0.072
Return on Equity= Net Income/Total Equity
= 2,300/16,000
= 0.144
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as consumer demand for new cars increases, tire makers and steel and aluminum suppliers may experience an increase in demand for their products, which is an example of:
Answers
The increase in demand for tire makers, steel and aluminium suppliers is an example of derived demand.
Derived demand is the demand for a good or service as a result of an increase in the demand for another good or service. Labour and raw materials usually have a derived demand.
As the demand for new cars increase, car makers would want to produce more cars in order to meet the increased demand. This would lead to an increase in the raw materials and labour that is needed to make more cars. On the other hand, if there is a decrease in the demand for new cars, there would also be a decrease in the demand for the raw materials and labour that is needed to make more cars.
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it is common for a developer to hold back funds before making final payment to ensure that subcontractors perform all work completely. group startstrue or false
Answers
True. it is common for a developer to hold back funds before making final payment to ensure that subcontractors perform all work completely is correct/factual.
The process of determining all the obligations due to a worker who leaves their position, retires, or is fired by management is known as full and final settlement. The settlement procedure includes deductions in addition to the employee's salary as well.
Clearances from numerous departments, including IT, finance, HR, and administration, make up the complete and final settlement. It's crucial to know which elements to take into account when figuring out the total amount owed to the employee.
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Discuss whether or not an increase in the output of food will reduce the output of Other products.
Answers
Discuss whether a rise in food-production will result in a decrease in the production of other goods.
The improvement of disease-resistant types of staple-crops, the greater use of chemical-fertilizers and pesticides, and the expansion of irrigated cropland have all been credited for the tremendous-boost in food production seen in recent decades.
Is the world's food production rising or falling?According to the most current-UN-estimate, there are 7.3 billion people on the planet right now, and by 2050 that number might increase to 9.7 billion. Global-food demand is increasing as a result of this development and rising-earnings in developing nations, which affect people's diets by making them eat more meat and protein.
How can the production of agricultural goods be increased?Crops must have access to water in order to be planted, and water management can increase-yield. The best approach to increase productivity is through water management. You can boost the output by up to 50% by using the sprinkler-watering-system.
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Which of the following is a characteristic of economic services:
A) tangible
B) freely available to everyone
C) useful
D) non-transferable
Answers
Answer:
useful
Explanation:
i got it from USA test prep
A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Answers
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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when business owners look at leading economic indicators, they generally are doing this to help predict what will happen over the following___
three to nine weeks
there to six years
six to nine months
three to six months
Answers
Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answers
Answer:
bias
Explanation:
bias is the true anwer
Assume that you would like to put money in an account today to make sure your child has enough money in 10 years to buy a car. If you would like to give your child $10,000 in 10 years, and you know you can get 5% interest per year from a savings account during that time, how much should you put in the account now?
Answers
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment
P = the principal (initial investment)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the time period (in years)
Using this formula, we can solve for P, the amount of money we need to put in the account now:
A = $10,000 (the future value we want)
r = 0.05 (the annual interest rate)
n = 1 (since interest is compounded annually)
t = 10 (the time period in years)
P = A / (1 + r/n)^(nt)
P = $10,000 / (1 + 0.05/1)^(1*10)
P = $10,000 / (1.05)^10
P = $10,000 / 1.62889
Therefore, you should put approximately $6,131.41 in the savings account now to ensure that you will have $10,000 in 10 years, assuming a 5% annual interest rate compounded annually.
Sites like Kickstarter, GoFundMe, and Causes are all examples of what type of altruism?
Group of answer choices
Crowdfunding
Private foundations
Service Learning
Community Service
Answers
10th standard Sura guide for Tamil
Answers
Answer:
I WANT TO HELP YOU...
BUT I DID NOT NO
SORRY......
A manufacturer uses the same production line to produce two products with characteristics as
follows: The demand for item 1 is 2000 units per year and the inventory holding cost is $0.2
per unit per year. Similarly, demand for item 2 is 1000 units per year and the inventory
holding cost is $0.08 per unit per year. The production rate is the same for both products,
4000 units per year. There is a fixed cost of $2.60 associated with each set-up. Suppose a
rotation policy is used to coordinate the production, and T is the time in years of each cycle.
(1) Find the best value of T, the production quantity for each item, and the system cost per
year. Assume shortage is not allowed. (2) Now suppose the demand for item 2 is 100 units
per year, would you still recommend the rotation policy? If not, please suggest an alternative
production plan. How much is the saving by abandoning the rotation policy?
Answers
The calculation yields a system cost of $363.47 per year and suggests considering an alternative production plan if the demand for item 2 changes to 100 units per year.
Since the production rate is 4000 units per year and there are two products, the cycle time can be calculated as T = (2000 + 1000) / 4000 = 0.75 years.
The production quantity for each item can be determined by multiplying the cycle time (T) by the demand for that item.
For item 1: Production quantity = 0.75 * 2000 = 1500 units per cycle
For item 2: Production quantity = 0.75 * 1000 = 750 units per cycle
The annual holding cost for each item can be calculated by multiplying the production quantity by the inventory holding cost per unit.
For item 1: Holding cost = 1500 * 0.2 = $300 per year
For item 2: Holding cost = 750 * 0.08 = $60 per year
The total set-up cost is the fixed cost associated with each set-up multiplied by the number of setups per year. Since there is only one setup per cycle, the number of setups per year is 1 / T.
Total set-up cost = 2.60 * (1 / 0.75) = $3.47 per year
The system cost per year is the sum of the annual holding cost and the total set-up cost.
System cost per year = Holding cost + Total set-up cost
System cost per year = $300 + $60 + $3.47 = $363.47 per year
If the demand for item 2 changes to 100 units per year, it would no longer be beneficial to use the rotation policy. Instead, a different production plan should be considered. The potential savings by abandoning the rotation policy can be calculated by comparing the system cost per year of the new plan with the previous cost of $363.47 per year.
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what is the recommended new reorder point if the service level (cycle service level) is increased to 98%
Answers
When the service level (cycle service level) is increased to 98%, it is important to reevaluate the reorder point to ensure optimal inventory management.
The reorder point refers to the inventory level at which a new order must be placed to avoid stock-outs. The new recommended reorder point can be calculated by using the following formula:
Reorder Point = (Average daily demand x Lead time) + Safety stock
To increase the service level to 98%, the safety stock must be adjusted accordingly. Safety stock is the additional inventory kept to accommodate any unexpected demand or delays in the supply chain.
To determine the new safety stock, it is necessary to calculate the z-score for the desired service level of 98%. The z-score is the number of standard deviations away from the mean demand that corresponds to the desired service level.
Once the z-score is calculated, the safety stock can be found using the following formula:
Safety Stock = z-score x Standard Deviation of Demand x Lead Time
Once the new safety stock is determined, it can be added to the lead time demand to calculate the new reorder point. This process will ensure that inventory levels are sufficient to meet demand and prevent stock-outs, while also optimizing inventory holding costs.
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Place the steps to creating a budget in order:
Figure out your net income.
Make a list of fixed expenses
Make a list of variable expenses.
Adjust expenses as needed
Determine if you have enough income to cover all your expenses.
Answers
Answer:
1. Figure out your net income
2. Determine if you have enough income to cover all your expenses
3. make list of variable expense
4. make list of fixed expenses
5. adjust expense
done !
View Policies Current Attempt in Progress Sandhill Inc. is considering Plan 1 that is estimated to have sales of $39,200 and costs of $15,190. The company currently has sales of $36,260 and costs of $13,720. Compare plans using incremental analysis. If Plan 1 is selected, there would be incremental in?
Answers
If Plan 1 is selected, there would be incremental income of $2,290.
To compare the two plans using incremental analysis, we need to calculate the difference in income between the two plans. Incremental income represents the change in income that would result from selecting Plan 1 over the current plan.
Sales for Plan 1: $39,200
Costs for Plan 1: $15,190
Sales for the current plan: $36,260
Costs for the current plan: $13,720
Incremental income = (Sales for Plan 1 - Costs for Plan 1) - (Sales for the current plan - Costs for the current plan)
= ($39,200 - $15,190) - ($36,260 - $13,720)
= $24,010 - $22,540
= $2,290
Therefore, if Plan 1 is selected, there would be incremental income of $2,290
Based on incremental analysis, selecting Plan 1 would result in an incremental income of $2,290 compared to the current plan. This indicates that Plan 1 is expected to generate additional income for Sandhill Inc.
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theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answers
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
identify characteristics of notes payable that are not common to accounts payable.
Answers
Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:
Payment period Conversion Entities owedThe following are differences between notes payable and accounts payable:
Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year. Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable. Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.In conclusion, notes payables and accounts payables have several differences.
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1 Jonah is employed as a joiner by a firm whose main business
activity is building houses. The firm also employs bricklayers,
plumbers, painters and other skilled tradesmen. Other factors
of production are used when building houses. The owner of
the firm, Jack, believes that specialisation of labour brings
many benefits to the business and its employees.
In his spare time, Jonah makes wooden toys which his sister
sells on her stall at the local market. He buys the wood and
other resources from a local supplier. The wooden toys have
been so successful that Jonah has decided to leave his job
as a joiner to set up his own toy-making business.
a
Identify two stages of business activity.
b Define 'opportunity cost'.
c Identify four factors of production.
d
Explain two ways Jonah could add
value to his toys.
[2]
[2]
[4]
[6]
e Do you agree with Jack that 'specialisation of labour
brings many benefits to the business and its employees'?
Justify your answer.
[6]
Answers
a) The business existence cycle is the progression of a commercial enterprise in phases over time and is most typically divided into 5 stages: launch, growth, shake-out, maturity, and decline.
b) Opportunity fee is the forgone advantage that would have been derived from an alternative no longer chosen. To proper evaluate chance costs, the charges and advantages of each choice available should be viewed and weighed in opposition to the others.
c) In economics, factors of manufacturing are the resources humans use to produce goods and services; they are the constructing blocks of the economy. Economists divide the factors of manufacturing into 4 categories: land, labor, capital, and entrepreneurship.
e) Yes, I am agree. the owner of ther firm, jack believes that specialisation of labour brings many benefit to the commercial enterprise and its workers. in his spaee time johan makes timber toys which his sister sells at her stall at the nearby market.
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Check all of the following that are correct that can have a single owner ? MARK YOU THE BRAINLIEST!
Answers
The establishment/items that can ave a single owner includes:
Sole proprietorshipPrivate corporationNon-profit corporationWhat is a single owner?This refers to any form of establishment that can be owned and operated by a natural person.
Therefore, in the list, the Sole proprietorship, Private corporation and Non-profit corporation are establishment that can have a single owner.
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the baker s dozen has current liabilities of $5,600, net working capital of $2,100, inventory of $3,900, and sales of $13,500. what is the quick ratio? assume pre-paid expenses are zero.
Answers
The quick Ratio is computed at 0.68 (or 68%) The quick ratio measures how well a company can cover its short-term liabilities with its most liquid assets.
Assets that can be turned into cash in less than three months are referred to as quick assets. All of the current assets, excluding inventories and prepaid expenses, are included in these assets. The quick ratio is the proportion of quick assets to current liabilities.
Any asset that can be reasonably expected to be sold, consumed or expended through regular business operations within the current fiscal year, operational cycle, or financial year is considered a current asset.
Working capital = Current assets - Current liabilities
2100 = Current Assets - 5600
Current assets = 2100 + 5600
Current assets = $7,700
Quick ratio = (Current assets - Inventory) / Current liabilities
Quick ratio = (7700 - 3900) / 5600
Quick Ratio = 3800 / 5600 = 38 / 56
Quick ratio = 0.68 (68%)
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What is Economics?
Answers
Answer:
see below
Explanation:
Economics is a social discipline that examines how communities use scarce resources to meet their insatiable needs. It focuses on how choices are made in the production, distributions, and consumption of goods and services. Economics deals with how households and governments allocate limited resources to address divergent needs.
Economics is categorized into two, microeconomics and macroeconomics. Microeconomics is concerned with decisions made by individuals and households in allocating their resources. Macroeconomics studies the entire market system of a country. It focuses on national wide issues, including unemployment levels, inflation, price levels, national income, and gross domestic product (GDP).
Businesses want to produce better
products, at better prices, with
better service for customers. Which
of the following is true about
customers?
A. Customers want unlimited goods and resources
from businesses.
B. Businesses can provide unlimited goods and
services for customers.
C. Customers' needs will be satisfied by unlimited
resources.
Answers
Answer:
A
Explanation:
_______________ is used when the buyer needs to provide potential suppliers very detailed descriptions of the characteristics of an item or service.
Answers
A Request for Proposal (RFP) is used when the buyer needs to provide potential suppliers very detailed descriptions of the characteristics of an item or service.
A Request for Proposal (RFP) is a formal document that is used by organizations to solicit bids from potential suppliers for goods or services. In cases where the buyer requires specific and detailed descriptions of the characteristics, specifications, or requirements of an item or service, an RFP is typically utilized.
The RFP includes comprehensive information about the buyer's needs, expectations, and desired outcomes, allowing potential suppliers to understand the exact details and submit proposals that address those specifications. It is common for an RFP to outline technical requirements, performance standards, timelines, pricing expectations, and other relevant factors.
By providing detailed descriptions through an RFP, the buyer aims to ensure that potential suppliers have a clear understanding of the buyer's requirements, allowing them to provide well-informed proposals that align with the buyer's needs.
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