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.

Learn more about current ratio here:https://brainly.com/question/2686492


Related Questions

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:

Xavier needed a new business credit card. After evaluating many choices, he decided to sign up for an American
Express Delta Air Lines card. Within a few moments of his online signup and approval, Xavier received two emails.
The first email included his account information and a link to take a survey to give feedback about his account sign
up experience. The second email pointed him to a social media video that walked him through his new benefits,
showed him how to navigate the website, answered basic questions a new customer may ask, and showed him
how to sign up for account alert emails. American Express's marketing team created an easy way to reinforce a
customer's "purchase" decision. Which IMC tools were used to facilitate this process?
a

Answers

Integrated Marketing Communications is often used in marketing. The IMC tools that were used to facilitate this process is email, survey and social media.

Integrated Marketing Communications os known to be described as putting together or the integration of marketing tools examples advertising, online marketing, etc.

They are known to be promotional tools that are said to be very effective when they used together.

IMC seeks to make a stress-free experience for its customers. The Tools of Integrated Marketing Communications includes

AdvertisingPersonal sellingSocial Media MarketingPublic Relations etc.

Learn more Promotional tools from

https://brainly.com/question/7278281

In general, which type of marketing do you think is most effective for events: push or pull marketing? If you were an event marketer, how would you decide how much push and pull marketing to use? Discuss how an event's ability to help us escape from everyday life and worries can be advantageous for marketeif you were an event marketer how would you decide how much push and pull marketing to use ​

Answers

Push marketing strategies in a way force the potential customer to consume by generating a need that previously did not exist through strategies such as great deals or discounts, bombastic advertisements, etc.

In turn, the pull marketing strategies seek to attract customers in a smoother way, that is, by convincing consumers about the essential characteristics of the product through medium and long-term transformations, such as changes in packaging.

Therefore, push strategies serve to generate consumption in the short term, while pull strategies serve to generate consumption in the medium and long term.

Learn more about marketing in https://brainly.com/question/14008832

what are the different types of patents?

Answers

Answer:

three types:-

utility patentsdesign patentsplant patents

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

provided service to srijana store and received cash Rs 5000.

Answers

Answer:

what we want to tell about ?or your question is not proper type it full and proper .

I can't understand what you want to ask ?

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

What value is usually
associated with the term
(Y)"?
A. Interest Rate
B. Real Output
C. Equilibrium Price
D. M1

Answers

Answer:

B real output. Have a great Friday. Enjoy the weekend.

Help help help businesses

Answers

Answer:

A. monopolize access to printing currency

Answer is A - monopolise access to printing currency.

And, the Central bank has two primary goals in what is known as a dual mandate. Those goals are price stability, low inflation (at about 2 percent), and maximum employment.

15) Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow ratio for this company should be 11, what is the highest price you should pay for the stock?

Answers

Answer:

The highest price for the stock is  $22.00

Explanation:

Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.

The cash flow ratio for the company is 11.

Solution:

For one stock the cash flow ratio is 11.

Then the highest price we should pay is $22.00.

So we should pay $22.00 for one stock.

Therefore the highest price we should pay for the stock is $22.00          

compensation Policy issues , include a company's policies concerning all the following except Select one
a Setting the salary and promotion strategy
b . The minimum salary they are legally obliged to pay
c The of paid and unpaid leaves as well as holidays
d Defining the probationary pay versus the final employment pay
e Deciding on the Payment for overtime hours.​

Answers

It should be noted that compensation policy issues refer to all the company's policies given except E. Deciding on the Payment for overtime hours.​

A compensation policy simply means the principle of action that is proposed by a company or organization in regard to the salary, benefits, and bonuses of the employee.

It includes setting the salary and promotion strategy, the minimum salary they are legally obliged to pay, etc. It doesn't have to do with deciding on the payment for overtime hours.​

Learn more about compensation on:

https://brainly.com/question/25301308

dentify the situation below that will result in a favorable variance. Multiple Choice Actual revenue is lower than budgeted revenue. Actual revenue is higher than budgeted revenue. Actual income is lower than expected income. Actual costs are higher than budgeted costs. Actual expenses are higher than budgeted expenses.

Answers

There are different ways firms generate revenues. The option that leads to favorable variance is when Actual revenue is higher than budgeted revenue.

Budget variance is known to be the difference between the budgeted amount of expense or revenue, and the actual amount.

The budget variance is said to becomes favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.

If revenue of a firm is higher than the budget or the actual expenses are less than the budget, this is known to be a favorable variance.

Learn more about Favorable variance from

https://brainly.com/question/15992453

Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction that is not limited as a result of it being an SSTB?

Answers

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

Learn more about taxes on:

https://brainly.com/question/9437038

The Medical Device Makers Association does not include all manufacturers of medical and surgical instruments. The association refuses to deal with any parties who do not carry the products of its members. This is Group of answer choices a situation that neither restrains trade nor harms competition. subject to analysis under the rule of reason. not within the scope of the Sherman Act. a per se violation of antitrust law.

Answers

The word per se is often means the act is illegal in some countries. The above Scenario is known to be a per se violation of antitrust law.

The Per se rule is often used in the cases that involves price fixing, group boycott etc. This kind of case often needs a lot of inquiry before it is handled.

There are different kinds of per se violations of antitrust law. Some other  business practices that can be said to be per se illegal under antitrust laws are:

When there is an horizontal market allocation agreementsWhen some particular horizontal group did boycotts by competitorsWhen there is tying arrangements etc.

Antitrust laws is known to hinder the act of lowering the price in a specific geographic area so as to drive out competition.

Federal antitrust laws aim to keep the unity and peace of the free and open market competition both in the geographic areas and in types of products or services.

Learn more about Antitrust law from

https://brainly.com/question/2547003

Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income

Answers

It is B. passive income

Answer:

earned income is received through rent

Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $128.297 million Total Common Stock of $6.350 million Cash of $10.050 million Retained Earnings of $45.255 million. What were the Digby Corporation's total assets

Answers

Based on the information given  Digby Corporation's total assets is:$179.902 million .

Using this formula

Total assets = Total liabilities + Shareholders’ equity

Total assets= Total liabilities + ( Total common stock + Retained earnings)

Where:

Total liabilities= $128.297 million

Total common stock= $6.350 million

Retained earnings= $45.255 million

Let plug in the formula

Total assets= $128.297 million  + ( $6.350 million  + $45.255 million)

Total assets= $128.297 million  +$51.605 million

Total assets= $179.902 million  

Inconclusion  Digby Corporation's total assets is:$179.902 million .

Learn more about total assets here:https://brainly.com/question/10700825

Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a

people person, and her department is built on teamwork, when she interviews candidates for a

job, she tries to get to know the candidates as people. She always begins by saying, "Tell me

about yourself," and based on what the candidate says, she lets the conversation unfold for 30

to 60 minutes per session.

Questions

i) How does Lexie’s current interview technique limit her effectiveness as an interviewer?


[3 marks]

ii) Lexie also wishes to contact people or organizations as referees for job candidates to fill

strategic positions in the organizations. Discuss two to three limitations of referee reports

placed on management or organizations for job candidates. How do organizations cope

with this burden?


[4 marks]

iii) The human resource department at Lexie’s organization is preparing to formulat

Answers

Lexie's interviews are not as effective because she does not care about the professional training of the people she will hire, which can have serious consequences on the operation of the company. On the other hand, the referral system would also hinder the operation of the company because the skills or abilities of the employees are not verified.

When we do a recruitment process, we must have several aspects in common to hire or dismiss a job applicant. Among the aspects that must be taken into account are:

Work experience.Vocational training.Other experiences.

Following the foregoing, the person in charge of the selection process must objectively select the candidate who best fits a job based on her experience or professional training.

According to the above, Lexie is limiting her liability because she only looks at aspects of the applicants' personal lives without evaluating their ability to perform a job. Additionally, you should carry out some tests on the applicants to verify their work capabilities.

On the other hand, in the referral system, she has several limitations because she accepts the criteria of another individual or organization to hire a person without herself evaluating him to fit the job that she requires.

Learn more about teamwork in: https://brainly.com/question/18869410

When a company enters the market with a high price for their new innovation, which pricing strategy have they used

Answers

Answer:

iprob info

Explanation:

Which of the following should be included in an individual taxpayers federal gross income

Answers

Answer:

I believe your wages, dividends, business income, capital gain, retirement distributions as well as other income should all be included in an individual  gross business income

Explanation:

Let me know if this helps!

Scenario 1
A specific department within an organization has a high turnover rate; employees of this department
have a shorter average tenure than those of other departments in the company. Skilled workers are
leaving and the worker population contains a high percentage of novice workers. Ms Joyce Lynn has no
idea what is going on and wants to know more about what is happening.

Answers

Based on the information given, the researcher should proceed by finding the root cause of the problem.

From the complete question, the purpose of the study will simply be to find the be root cause of the problem firstly.

Also, the time horizon of the study should be taken into consideration. Furthermore, the research strategy that'll be applied in this case should be analyzed.

Learn more about research on:

https://brainly.com/question/6947486

please help!!

Bobby is an electrician who specializes in installing electronic locks. What kind of company might be interested in hiring Bobby?

A.
a national hotel chain

B.
a meat packing facility

C.
a local parks department

D.
a printing company

Answers

Answer:

a . national hotel chain

Explanation:

because electrician who install lock are supposed to work at a hotel for the safety of the people

Answer:

I think it's A ? I'm not 100% sure, but hotels often have electronic locks that you need a key card to open

Help help buddies pelsss I’ll give points I need straightforward answer ASAP

Answers

Answer:

1

Explanation:

1 divided by 1 is 1

100% in number form is 1

The answer is::::

C. 1

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.

Learn more about annual dividend here:https://brainly.com/question/25557702

The difference between the lower class limits of adjacent classes provides?

Answers

Answer:

C

Explanation:

What role do you think Netflix and social media
played in popularizing Marie Kondo? Do you think
the popularity of the show "Tidying up with Marie
Kondo' is based on Marie Kondo only, or would any
other personality achieve similar results?

Answers

Netflix and social media  played an important role in popularizing Marie Kondo.

Yes, Netflix and social media  played an important role in popularizing Marie Kondo because the program of Marie Kondo is viewed by million of people across the world through the Netflix and social media and people are loving it which increase the popularity of Marie Kondo.

In my opinion the popularity of the show "Tidying up with Marie  Kondo' is based on Marie Kondo only because the people know the method through this program and in my knowledge there is no one that achieve the same result so we can conclude that Netflix and social media  played an important role in popularizing Marie Kondo.

Learn more about social media here: https://brainly.com/question/3653791

Learn more: https://brainly.com/question/26063194

How does the value of the cars produced by the Japanese company within the United States impact the United States' Gross National Product (GNP), and why?

Answers

Answer:

:)

Explanation:

The cars it produces in the U.S. are added to U.S. GDP, but not U.S. GNP, as these cars use domestic factors of production (labor and resources), but are produced by a foreign nation. Conversely, the values are added to Japan's GNP, but not Japan's GDP.

Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C. Rate of return D. Portfolio size​

Answers

When one is considering the allocation of their assets as well as how to diversify them, they don't consider A. Real estate holdings.

Diversification involves:

Investing in non-similar assets. Investing in a wide array of different assets to reduce risk.

When thinking about diversifying your assets, one doe not have to think about the number of real estate holdings they already hold as there are other assets to invest in.

In conclusion, option A is correct.

Find out more about diversification at https://brainly.com/question/14081320.

Answer:D

Explanation:

Just took the test

At a chip manufacturing plant, four technicians (A, B, C, and D) produce three products (Products 1, 2, and 3). This month, the chip manufacturer can sell 80 units of Product 1, 50 units of Product 2, and at most 50 units of Product 3. Technician A can make only Products 1 and 3. Technician B can make only Products 1 and 2. Technician C can make only Product 3. Technician D can make only Product 2. For each unit produced, the products contribute the following profit: Product 1, $6; Product 2, $7; and Product 3, $10. The time (in hours) each technician needs to manufacture a product is as follows(X means the technician can not produce the corresponding product). Each technician can work up to 120 hours per month. How can the chip manufacturer maximize its montly profit

Answers

The chip manufacturer can maximize the monthly profit by using the objective function: z = 6X₁ + 7X₂ + 10 X₃

An objective function is a function that has the goal of maximizing or minimizing the model's value based on the relationship between the variables in the function.

The term "decision variables" refers to a group of variables that are responsible for regulating the objective function.

The decision variable for the quantity of the product 1, 2, 3 manufactured can be expressed as:

X₁, X₂, X₃

The objective function used in maximizing the profit is:

z = 6X₁ + 7X₂ + 10 X₃

This is subjected to the constraint:

2X₁ + 3X₃  ≤  120     (Tech A time and manufacturing limitation)2.5X₁ + 3X₂  ≤  120  (Tech B time and manufacturing limitation)4X₂  ≤  120               (Tech C time and manufacturing limitation)3.5X₂  ≤  120            (Tech D time and manufacturing limitation)

Learn more about objective function for maximizing profit here:

https://brainly.com/question/12975426

How much money should be deposited annually in a bank account for five years if you wish to withdraw ​$3 comma 000 each year for three​ years, beginning five years after the last​ deposit? The interest rate is 4​% per year.

Answers

The amount to be deposited in the bank for five years is $1729.

The first step is to determine the present value of $3000.

Cash flow in year 1 - 4 = 0

Cash flow in year 5 - 7 = $300

I = 4%

PV calculated using a financial calculator = $7,116.48

The second step is to determine the future value of the present value calculated above

$7,116.48 x (1.04)^7 = $9,364.80

The third step is to determine the amount to be deposited each year for 5 years:

Amount = future value /annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

= [(1.04)^5 - 1] / 0.04 = 5.416323

Amount = $9,364.80/ 5.416323 = $1729

A similar question was solved here: https://brainly.com/question/24108530

On October 1, 2014, Dakota Company issued an $800,000, 10%, nine-month interest-bearing note. If the Dakota Company is preparing financial statements at December 31, 2014, the adjusting entry for accrued interest will include

Answers

Based on the information given the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.

The appropriate adjusting entry to record the given transaction is:

Dakota Company journal entry

December 31, 2014

Debit Interest Expense

Credit Interest Payable $20,000

($800,000×10%×3/12)

(To record accrued interest)

Inconclusion  the adjusting entry for accrued interest will include debit to Interest Expense of $20,000.

Learn more about adjusting entry here:https://brainly.com/question/13933471

Other Questions
While Jayden was at school, his house lost electrical power. Bythe time the electrical power came back on the temperature inside thehouse was 86F. The air conditioner immediately started to cool thehouse.Let f(x) represent the temperature, in degrees Fahrenheit, ofJayden's house x minutes after the air conditioner started to cool thehouse.What is the meaning of the statement f(25)=78? PLZ HELP OFFERING BRAINLIEST Find the difference. 2/5 (d-10) -2/3 (d+6) Is a mountain building explained by plate tectonics Why do modern Psychologists use trait theory as the method of helping individuals understand their personality? True or False: The Coriolis Effect turns wind in the Northern Hemisphere to the right. *1 pointTrueFalse The fence around the school's garden is 22.6 m. If the garden is 7.5 m long, how wide is the garden? * ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days. On an average day, your firm receives 1,370 checks with an average value of $880 each. The daily interest rate on Treasury bills is 0.01 percent. The bank charge per check would be $.25. What is the net present value of this lockbox arrangement How are seatbelts related to inertia? Write you answer in complete sentences.I need answer asap!!! II. Read the following passage and answer the questions below. (1.0m) Mr. Grey had a nice shop in the main street of a small town. He sold jewellery, watches, locks and other things like those. All went well for some years, and then Mr. Grey's shop was broken in at night twice in one month, a lot of jewellery was stolen each time. The police had still not managed to catch the thief three weeks later, so Mr. Grey decided that he would try to do something about it. He therefore bought a camera, fixed it up in his shop so that it would catch anyone who broke in at night, and put some very cheap jewellery in front of it for the thief. A few nights later the thief did come again, but he did not touch any of the cheap jewellery that Mr. Grey had put out for him. He took the camera. It was worth 150 pounds. 1. What happened to Mr. Grey's shop at night? 2. Did the police catch the thief after three weeks? 3. What did Mr. Grey do to solve the problem? 4. How much did the camera cost? When would a point mutation occur? It can occur before and after cell division Before the cell divides After the cell divides Before DNA replication Question 2 of 5Which of these is a possible cause of schizophrenia?OA. Having a good diet and exercise regimeOB. Genetic and environmental conditionsC. Living in a culturally diverse communityD. Surviving a traumatic event or living in a harmful environmentSUBMIT How do plants help prevent erosion?a) Plant leaves take in carbon dioxide during photosynthesis.b) Plant leaves are used to create fabrics and other materials.c) Plant roots help to hold soil in place.d) Plant roots absorb water from the ground. What are the symmetry operations of molecule AB4, where the molecule b lies at the center of the square and A lies at the center of the square and is not coplaner with B atoms. How to find the multiplication table write an outline for a bible topic The more impressive the tail of a male peacock, the higher its chances of finding a mate. Female peacocks choose mates based on the color of the feathers and the overall physical prowess of the animal. However, a genetic mutation called leucism can produce a peacock with only white feathers. This mutation causes the inability of pigment to be deposited into their feathers which results in a white appearance. What would you infer to be the fitness of the white peacock? Choose ALL that apply.A) The females will equally choose the brightly colored and white peacocks as mates.B) White peacocks are highly prized, thought to symbolize purity, eternity, and unconditional love, making them desirable mates.C) If females choose the brightest males as partners, the ones without the impressive tails will be less likely to mate and reproduce.D) White peacocks are highly prized, thought to symbolize purity, eternity, and unconditional love, causing them to be selectively bred for their unique trait.E) The peacocks with colored tails will be picked over the white peacocks as mates, causing the peacocks with the white mutation to die out of the population over time Choose all that apply to the plight of cities in the US at the turn of the "20th" century.CorruptionYouth programsGangsTenementsWelfare subsidiesSlaveryPollution and sanitation issuesHeavy car traffic A tv originally cost 400$ how much is the final cost of the tv if the sales tax is 8% You have two right triangles that are similar. The base of the first is 8 and the height is 12.If the base of the second triangle is 22, what is the height of the second triangle?A. 33 unitsB. 26 unitsC. 14.7 unitsD. 4.4 units When diana got off the train there was a woman waiting for her. 1. Which of the following is not an undefined term inEuclidean geometry?a. planeb. pointc. bisectord. line