Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Shareholders' equity (all common): January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000
Refer to table: Blue Bell's current ratio at December 31 was:____.
a. 2.33 times
b. 3.67 times
c. 0.43 times
d. 1.33 times

Answers

Answer 1

Based on the information given Blue Bell's current ratio at December 31 was:

a. 2.33 times.

Using this formula

Current ratio=Total current assets/ Total current liabilities

Where:

Total current assets=$700,000

Total current liabilities=$300,000

Let plug in the formula

Current ratio=$700,000/$300,000

Current ratio=2.33 times

Inconclusion Blue Bell's current ratio at December 31 was:

a. 2.33 times.

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Related Questions

Bonnie is going to purchase a billboard to promote her new restaurant. She needs to calculate her gross rating points. What two factors does she need to know

Answers

Given what we know, in order for Bonnie to calculate her "Gross Rating Points" or GPRs, she will need to know how much of the population her ad will reach and how often they will view it.

What are gross rating points?Gross rating points are a system used to measure the effectiveness of ads. In most cases, they are used in a predictive sense to measure how effective an ad may be, then used to measure how effective they were, and offer a before and after comparison.

What factors are used to calculate GPRs?In order to calculate the gross rating points, we need to know two factors. The first is the number of people or percentage of the target market, that is reached by the ad.The second is the frequency by which these individuals will view the ad.

Therefore, we can confirm that to calculate her GPRs for the billboard ad she wishes to purchase, bonnie will need to know how many people see the billboard each day, and how many times they do so.

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3. Aesop is not using traditional advertisements or discount sales to promote its products. Instead, Aesop gets its promotional communication mostly by word-of-mouth for the design of its products, stores, and events, which are a singular mix of indulgent product experiences, thoughtful language, and modern minimalist design. If you had to interact with Natura & Co SA, which customer engagement model--Natura's, The Body Shop's, or Aesop's-- would be the best for you and why?

Answers

Based on the information given, the model that will be appropriate for the company is the client commitment model.

The client commitment model is a model whereby a company provides and meet the needs of the customers. It is important as it assists the brand with comprehension.

Therefore, the interaction with interact with Natura & Co SA, will ensure that they use this model in order to get more customers, improve sales, and get more profit.

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Suppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at Question content area bottom Part 1 A. the par value of the stock given. B. its book value. C. its market value. D. a value assigned by the board of directors

Answers

Based on the information given Yummy Treats Bakery should record the building at: C. its market value.

Market value is the value of an asset in the market or the amount at which an asset will be sold in the market.

Building is an asset and since common stock was issued out in exchange for a building ,  the best options is that Yummy  treats bakery should record the building at the market value the asset or the building.

Inconclusion  Yummy Treats Bakery should record the building at: C. its market value.

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Who should have a financial emergency plan in place?


Those with high risk

Everyone, regardless of financial health

Those with bad credi.

Those in a state of bankruptcy

Answers

Answer:

I think B. Everyone, regardless of financial health.

Explanation:

Anything can happen but, if they have a backup financial emergency plan, it can go smoother.

Hope this helps :)

I think b because everyone should have it

Kevin has a client who wants to invest in an account that earns 3% interest, compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the tenth deposit is __________.

Answers

Considering the situation described above, the balance of the account (rounded to the nearest dollar) after the tenth deposit is "$56,650."

What is Sinking Fund?

Sinking Fund is the term used to describe the fund created by individuals by specifically setting revenue in a particular place like savings over a given period to fund a future capital expense or repayment of long-term debt.

Given that this is more like a Sinking Fund hence, we calculate using the below formula:

S = N [ (1+r)^n - 1 ] /r

where r = 0.030

n = 10 years

N = 5,000

S = 5,000 [ (1.030)^10 -1 ]/.030

= 5,000 [ 1.34 -1 ]/.030

= 5,000 [ 11.33]

= $56,650.

Therefore, we got $6,650 in concern.

Hence, in this case, it is concluded that the correct answer is "$56,650."

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Answer: $57,319

     

Explanation: I'm positive the answer is $57,319 because I had this same exact test question and my answer was correct.

Which of the following is classified as
M22
A large certificates of deposit
B gold and silver
C money market accounts

Answers

I think is C

Hope this helps sry if I’m wrong

which situation would normally involve long-term financing?

Answers

Which of the following would normally involve long-term financing?

Purchase of modern equipment;
Long-term financing is used for major purchases that are financed for a time period greater than one year such as new product development, building or purchasing new facilities, and replacing capital equipment.

6.You now have the agreement with the company and will sign the contract as you and the company are satisfied with the contract agreement. Of course, this is will be your first step to build a strong relationship between you and your employer. Your manager will know more about you. This represent which of the negotiation process element?
A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

Answers

your answer is build the relationship

David Davis plans to save $2,735 every year for the next eight years, starting today. At the end of eight years, David will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 12.0 percent annually, how much will he have saved in eight years when he buys his house

Answers

Answer:

Denizen 3 4 and a great job time to for a the first time first aid kit the meaning of ghilli in a row to get the 5 to the 8th and then she says that she 38 the meaning that she should have a pool for her and the rest of her family head is of her own 4 who will not be available for the next one in night and or next at least the next other two nights as she is back at night and she is going out for a couple weeks and a great half birthday day for her birthday present so she can bring 5 500 on the on going 3

Explanation:

2 increase in the National College at Lahore 30th in September and 3rd 3 is a holiday in the UK for a couple week holidays holiday and the bear episode of a year is 4 up with and a in a advance bed booking form and the holiday accommodation for your child needs to be honest I have to read Allah and help you with you are as good as good as you can remember the first one is a bit more of 6 for her but you have a lot of money left for the me in the National capital 2176218754 3 and of 3 episode of my slow recovery and I a few days to 786 my back and the Caribbean world is a good 3 episode and I have been been working with a few people different and to the point of getting back to the office of profit of a sudden he is not working I properly managed made the best possible way of doing this to happen to her room with the help of the year but have to be honest honest and I will be back in the next couple of couple weeks with a couple in a row with a couple of days ago 5 6th June episode of puppeteer the meaning of ghilli in a row for the person in who is was not able 7 8 I a a I bit few couple few few couple few like of of like like of a of like of of a of like of of a of like months days years months days months years months days months years months days years months days months years months years days months years months years months

If you wish to enter the field of soil and
forest conservation, what kind of
educational goal should you attain?

A. High school diploma
B. 2 year associate degree
C. 4 year college degree
D. Doctorate degree

Answers

4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

The 4 year college degree is tantamount to the Bachelor degree achieved from University, college etc.

Usually, the position of forestry and related job requires the minimum of Bachelor degree from related course in the field of soil and forest conservation.

Hence, the 4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

Therefore, the Option C is correct.

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Please help for this question

Answers

Answer:

task based maybe ?

Explanation:

if it's correct than mark me brainliest

True or False: Anything less than a full bottle shouldn't be considered in inventory at all.

Answers

Answer:

false and not true

Explanation:

Anything less than a full bottle should be considered in the inventory. Thus, the given statement is false.

What is inventory par level?

Using the Periodic Automatic Replacement (PAR) inventory control system, you may determine the amount of inventory you need to keep on hand to meet demand. The ideal inventory stock to have on hand following each order delivery is determined by the PAR level.

The usual quantity of an ingredient you anticipate having on your shelves at any given moment is known as an inventory par level. It's straightforward: If you ordered 5 jars of mayonnaise but only have 2, you know you need to get 3 more.

While receiving your inventory, check your system's inventory price again, For bookkeeping, code your invoices. Any outdated prices in your system should be changed, Add the delivered goods to your order history.

Therefore, the given statement is false.

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Phil's qualified education expenses for the year are $34,000. He claims a $2,500 American Opportunity Credit (based on $4,000 of his expenses). If Phil receives a $40,000 ESA distribution that includes $4,000 in earnings, how much of the entire ESA distribution will he receive tax-free

Answers

Based on the information given, the amount that will be tax-free from the ESA distribution will be $39000.

From the information given, the eligible education expenses will be:

= $34000 - $4000

= $30000

The tax free portion will be:

= (4000 × 30000) / 40000

= $3000

The total tax-free distribution will be:

= Contributions + Earnings

= $36000 + $3000

= $39000

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Sunland Company has 1050 shares of 4%, $100 par value, cumulative preferred stock and 52500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock

Answers

Based on the information given the annual dividend on the preferred stock is : $4,200.

Using this formula

Annual dividend=Number of shares× Par value× Shares Percentage

Where:

Number of shares=1050 shares

Par value=$100 par value

Shares Percentage=4% or 0.04

Let plug in the formula

Annual dividend=1050shares× $100×0.04

Annual dividend=$4,200

Inconclusion the annual dividend on the preferred stock is : $4,200.

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what is organization?

Answers

an organized group of people with a particular purpose, such as a business or government department.

Answer:

    An Organization or Organisation is entity such as a company, An institution  or an association, Comprising one or more people and having a particular purpose. The word is derived from the a Greek word Organon, Which means tool or instrument, Musical instrument and organ....

                  ...............................

Gerrald Express is a partnership business registered in Singapore. The partners are Glenn and Kim. Each of the partners contributed $50,000 as capital to the partnership and they share equally in the profits and losses.

The partnership carries on the business of marketing services. In the financial year ended 31 December 2020, the partnership recorded a net loss of $79,000 after charging the following items of expenses:

Interest on capital paid equally to the partners $5,000
Glenn salary and bonus 12,000
Kim salary and bonus 15,000
Kim’s airfares for business purposes 4,800
Glenn’s taxi fare reimbursements for business 1,200
Motor car expenses reimbursed to employees 3,000
Depreciation 6,000
Interest on loans to fund operating expenses 2,800

Besides his involvement in partnership business, Glenn is also the Executive Officer of a medium size Company in Singapore. He was paid annual remuneration of $78,000 for the year ended 31 December 2020.

His spouse has no income for last year and has 2 children aged 19 and 12. The son is serving National Service and Glenn did not perform any active NS training in the previous year.

Required:

a) Compute the amount of tax adjusted profit or loss of the Gerrald Express partnership for the year of assessment 2021; [8 marks]

b) Compute the assessable income of Glenn for the year of assessment 2021; [12 marks]


c) State the major difference in a partner’s liability to utilise the losses arising from a partnership and from a limited liability partnership. [10 marks]

Answers

Answer:

i dont knowpls mark me as brinlest

Explanation:

A(n)______allows students to study more specific topics within their majors.
A. specialization
B. requirement
C. minor
D. integration

Answers

Answer: The answer would be a interrogation

Explanation:

How to make your own website ?

Answers

Answer:

Use visual studio code

Explanation:

You want to then make HTML code and CSS code 2 different files that corillate together and you need a header, footer, main, functions is CSS etc

What information should be included in the opening paragraph of a thank-you letter?
a.
Mention skills that were omitted during the interview
b.
Reinforce any points perceived as weaknesses
c. Mention looking forward to a response
d. Reinforce interest and fit for the position

Answers

In a "thank-you letter," the opening paragraph should d. Reinforce interest  and fit for the position.

 

In the second paragraph, you should mention skills omitted during the interview and reinforce weaknesses before stating that you look forward to receiving a response.

 

A thank-you letter should have a positive tone and convey enthusiasm for the job if this were the case. Do not overcommit yourself or sound desperate. Express your gratitude for the opportunity to learn more about the company, showing your interest in the position.

 

Thus, in the opening paragraph, you should reinforce your interest and fit for the position.

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Answer:c. mention looking forward to a response

Explanation:

The Copper Grill has the following current assets: cash, $11 million; receivables, $44 million; inventory, $45 million; and other current
assets $3 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6
million; and long-term debt, $11 million.
Based on these amounts, calculate the current ratio and the acid-test ratio.
Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal
places.)
The Copper Grill
Current ratio
Acid-test ratio

Answers

Answer:

Current ratio:

Current ratio=current assets/ current liabilities

Current assets= 11 million + 55 million +40 million + 6 million= 112 million

Current liabilities= 37 million + 8 million= 45 million

Current ratio= 112 million/ 45 million= 2.49

 The current ratio is a liquidity ratio that assesses a firm's capacity to pay short-term or one-year obligations. It explains to investors and other stakeholders how a firm might use current assets on its balance sheet to pay off current debt and other obligations.

 The current ratio is called "current" because it includes all current assets and liabilities, unlike many other liquidity ratios. The working capital ratio is another name for the current ratio.

 Analysts determine the ratio by comparing a company's current assets and liabilities. Cash, accounts receivable, inventory, and other current assets (OCA) that are projected to be liquidated or converted into cash in less than one year are reported as current assets on a firm's balance sheet. Accounts payable, wages, taxes payable, short-term loans, and the current portion of long-term debt are all examples of current liabilities.

Acid-test ratio

Acid test ratio= quick assets/ current liabilities

Quick assets= 11 million+ 55 million= 66 million

Current liabilities= 45 million

Acid test ratio= 66 million/ 45 million= 1.47

The acid-test ratio (ATR), also known as the quick ratio, calculates how well current assets can pay current obligations to determine a company's liquidity. Only the most liquid current assets that can be turned into cash in 90 days or less are used in the quick ratio.

 The quick ratio is computed by dividing the total cash and equivalents, accounts receivables, and marketable investments by current liabilities.

 Companies should aim for a ratio of 1.0 or above, indicating that they have sufficient current assets to meet their short-term debt commitments or expenses.

Explanation:

Current ratio= 112 million/ 45 million= 2.49

Acid test ratio= 66 million/ 45 million= 1.47

The current ratio and the acid-test ratio for The Copper Grill are 2.60 and 1.55 respectively.

What is a good current ratio?

A healthy current ratio is between 1.2 and 2, indicating that the company has twice as many current assets as liabilities to cover its debts. A current ratio of less than one indicates that the company lacks sufficient liquid assets to satisfy its short-term liabilities.

Given

cash, $11 million

receivables, $44 million;

inventory, $45 million

other current assets $3 million

accounts payable, $37 million;

current portion of long-term debt, $6 million

long-term debt, $11 million

Required to Calculate the Current ratio and Acid-test ratio =?

Current ratio = Current Assets / Current Liability

Current Assets = cash + receivables + inventory + other current assets

                         = 11 + 44 + 45 + 3 = $112 million

Current Liability = accounts payable + current portion of long-term debt

                           = 37 + 6 = $43 million

Current ratio = Current Assets / Current Liability

Current ratio = 112 / 43 = 2.60

Acid-test ratio = Current Assets - Inventory / Current Liability

                        = 112 - 45 / 43

Acid-test ratio = 1.55

Thus, The Copper Grill's current ratio and acid-test ratio are 2.60 and 1.55, respectively. The current ratio calculates a company's ability to pay short-term or current liabilities, such as payables and loans, with short-term or current assets, such as receivables, inventories, and cash.

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If only one airline serves a town, does a monopoly exist? What about competition from other services?

Answers

If only one airline serves a town, the question of whether a monopoly exists is:

Yes, a monopoly exists

Based on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly

It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a lack of competition for competitive prices.

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2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this market?

Answers

Companies often set target for themselves.  The reasons why it is difficult for this firm to make money is that;

As a result of poor demand for the products It can be also be like due to the power  or prestige gained over the years by the supermarkets is depreciating.This can be due to the small price margin or the price competition from other manufacturers.Losses encountered via the issue of  Private LabelPoor marketing and advertisement strategy and poor budget allocation for it.

Kayem Foods is a very popular brand. It is known to be a 4th generation family owned business. It has it headquartered in Chelsea, MA.

It is commonly known in the world to be the biggest processed meat company that is found in New England.  They are based on natural casing, fully cooked and fresh sausage etc.

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how it can be used in addition to showing skills –use the account and debit card?

Answers

Answer:What happens when you use a debit card and use credit at the register?

Explanation:When you run your transaction as credit using your debit card, you are still authorizing a debit from your checking account. You will never be charged interest or receive a bill for doing this. Of course, choosing credit at the point-of-sale will not help you build your credit.

Roberto, Incorporated manufactures products A and B. Both products have a contribution margin ratio of 40%. What is the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource? multiple choice $2 per minute $3 per minute $6 per minute $8 per minute

Answers

The contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.

Using this formula

Contribution margin per unit = Contribution per unit / Limiting Factor required per unit

Where:

Contribution per unit=$6

Limiting Factor required per unit=2

Let plug in the formula

Contribution margin per unit=$6/2

Contribution margin per unit=$3 per minute

Inconclusion  the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.

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Mean for in grouped data

Answers

Answer:

To calculate the mean of grouped data, the first step is to determine the midpoint of each interval or class. These midpoints must then be multiplied by the frequencies of the corresponding classes. The sum of the products divided by the total number of values will be the value of the mean.

Help help buissness help help

Answers

Answer:

My best guess will have to be A

Explanation:

most research I did was talking about money stability

Answer:a control of money

Last year, Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 25-year maturity. At the time of the purchase, it had an expected yield to maturity of 11.96%. If Joan sold
the bond today for $1,154.91, what rate of return would she have earned for the past year? Round your answer to two decimal places.

Answers

Joan's bond receivable has earned a 15.49% rate of return for the past year.

Data and Calculations:

Face value of the corporate bond = $1,000

Annual coupon rate = 11%

Maturity period = 25 years

Expected yield too maturity (YTM) = 11.96%

Current bond's price = $1,154.91

The rate of return earned since last year = 15.49% {($1,154.91 - $1,000)/$1,000}.

Thus, Joan's bond receivable has earned a 15.49% rate of return for the past year.

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Last year during the beginning of the Pandemic, name 5 household products people were hoarding?

Answers

Answer: Toiletry, Food, Cleaning items, Water

Explanation:

toilet rolls, food, water, cleaning products

Help help help buissness help help

Answers

Answer:

B

Explanation:

Answer: B

Explanation:

StylesQuestion 12 (Essay Worth 4 points)
(02.04 MC)
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? Consider the kind of investment,
of return, level of risk, and other factors

Answers

Answer:

forex

Explanation:

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[F r e e] [p o i n t s]:0 I need help with this please 42. She .. the whole day long. (a) has been working (b) works (c) had worked (d) worked 1. What is a myth?a) A true story of gods from long agob) A story that often tells a lesson and explains the creation of somethingc) A fictional story based on real people from history.d) A story with taking animals that tells a lesson. The point S(0,2) is translated 4 units left. What are the coordinates of the resulting point, S'? Overall, which phrase best describes the tone of this passage?ROMEOO, she doth teach the torches to burn bright!It seems she hangs upon the cheek of nightAs a rich jewel in an Ethiop's ear-Beauty too rich for use, for Earth too dear.So shows a snowy dove trooping with crowsAs yonder lady o'er her fellows shows.The measure done, I'll watch her place of standAnd, touching hers, make blessd my rude hand.Did my heart love till now? Forswear it, sight,For I ne'er saw true beauty till this night. A model cell with damaged DNA was created to explain the importance of checkpoints in a cell cycle. The G2 checkpoint accidentally failed to work during experimentation. What do you think is the likely consequence of this failure?. Do you think it is worth giving up some of the kinds of freedoms included in the Bill ofRights if it can help a country pull more people out of poverty? Explain Write the equation of a line with the given slope that goes through the given point.7) through: (3, -5), slope = -158) through: (3, 2), slope3 Write an explicit formula for a_nth term of the sequence 18, 6, 2, ... PLEASE HELPSheila and Jerome are lab partners. They have the following materials at their table:1 square of aluminum foil, 1 stirring rod, 1 beaker of water, 1 scoop of copper II chloride salt (blue color)Step 1:Jerome adds all the salt to the water and stirs. The salt crystals disappears and the liquid solution turns a clear blue.Step 2: Sheila tears up the aluminum foil into small pieces. Step 3: Jerome dares her to put the foil in his beaker. They see the edges of the foil turn a rusty orange. As they stir, the beaker becomes warm to the touch and a vapor begins to rise from the surface of the beaker. Within a few minutes, the foil has disappeared and the liquid is now clear. There are orange-rust colored flakes floating in the liquid.Q: Jerome claims that when the salt was added to the water it turned blue and the foil disappeared, these were chemical changes. He went on to explain that the chemical change was due to the fact that the atoms were speeding up. Sheila disagrees claiming that 1 is a physical change and 1 is a chemical change and Jeromes evidence is incorrect. Who is correct, Jerome or Sheila? Write a scientific explanation (CER) to support your argument. HELP ME PLEASE HURRY The characteristics of two different types of reactions are shown below:Reaction A: Electrons are gained by the atoms of an element.Reaction B: Protons are lost by the atom of an element.Which statement is true about the atoms of the elements that participate in the two reactions? Their identity changes in both Reaction A and Reaction B. Their identity changes in Reaction A but not in Reaction B. Their identity changes in Reaction B but not in Reaction A. Their identity remains the same in both Reaction A and Reaction B. You are running a concession stand at a basketball game. You are selling hot dogs and sodas. Each hot dog costs $2.25 and each soda costs $1.50. At the end of the night you made a total of $225.75. You sold a total of 126 hot dogs and sodas combined. You must report the number of hot dogs sold and the number of sodas sold. What equations did you use to solve this? How many hot dogs were sold and how many sodas were sold? 1 to 10 how good does my dog look healthy Find the arc length for arcs of circles as follows:radius: 12 inchescentral angle: radians- - - Versailles treaty Please help (30points) Pls answer rn due tmr pls pls fast A local band sells out for their concert. They sell all 1,175 tickets for a total purse of $28,112.50. The tickets were priced at $20 for student tickets, $22.50 for children, and $29 for adult tickets. If the band sold twice as many adult as children tickets, how many of each type was sold can someone explain why is the answer 3.1? A rental car company charges $33.73 per day to rent a car and $0.06 for every miledriven. Elizabeth wants to rent a car, knowing that:She plans to drive 450 miles. She has at most $430 to spend.Which inequality can be used to determine x, the maximum number of daysElizabeth can afford to rent for while staying within her budget?