Correct mark 1000 out of 1000 question 7 correct mark

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Question Correct6Mark 10.00 outof 10.00Question CorrectMark 10.00 outof 10.00the working capital, respectively?7Question CorrectMark 10.00 outof 10.00borrowing $240,000 from a bank on a long-term note. Last year, ABC reported net income of $40,000 andpaid a cash dividend of $1,800. During the year, the company also borrowed an additional $320,000 fromthe bank. What was total assets on ABC's balance sheet at the end of the year last year? 8In which order are current assets listed on the balance sheet? Select one:a. cash, inventories, accounts receivable, short-term investmentsb. cash, inventories, short-term investments, accounts receivablec. cash, accounts receivable, inventories, short-term investmentsd. cash, short-term investments, accounts receivable, inventories Your answer is correct.The correct answer is: cash, short-term investments, accounts receivable, inventories
CorrectMarks for this submission: 10.00/10.00.If a company collects a $3,500 account receivable, what is the impact of this activity on the current ratio andthe working capital, respectively?
CorrectMarks for this submission: 10.00/10.00.ABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each andborrowing $240,000 from a bank on a long-term note. Last year, ABC reported net income of $40,000 andpaid a cash dividend of $1,800. During the year, the company also borrowed an additional $320,000 fromthe bank. What was total assets on ABC's balance sheet at the end of the year last year?
CorrectMarks for this submission: 10.00/10.00.
8/22/2019Final Exam (Practice Exam)4/13Question Correct9Mark 10.00 outof 10.00Question 10company needs to raise additional funds through debt and equity. The company will issue 4,000 shares ofcommon stock at $13.25 per share and in addition it intends to borrow as much as it can from Bank ofSwitzerville. Bank of Switzerville requires a maximum debt-to-asset ratio of 0.64. What is the maximumadditional amount that the company can borrow after the additional stock is issued?CorrectMark 10.00 outof 10.00Click on the link below to view selected financial information for Panettone, Inc.Financial DataIn the answer boxes below, select the right answer from the drop-down menu. Each answer is worth 2points. Answers are rounded to two decimals.RatioAnswer Days Sales in Inventory260.71Average Collection Period104.29Debt to Equity Ratio2.17AR Turnover3.5Current Ratio1.71RatioAnswer Days Sales in Inventory260.71Average Collection Period 104.29Debt to Equity Ratio2.17AR Turnover3.5Current Ratio1.71CorrectMarks for this submission: 10.00/10.00.On December 31, 2015, Panettone Inc. has total liabilities of $555,500 and total equity of $1,049,500. Thecompany needs to raise additional funds through debt and equity. The company will issue 4,000 shares ofcommon stock at $13.25 per share and in addition it intends to borrow as much as it can from Bank ofSwitzerville. Bank of Switzerville requires a maximum debt-to-asset ratio of 0.64. What is the maximumadditional amount that the company can borrow after the additional stock is issued?
CorrectMarks for this submission: 10.00/10.00.
8/22/2019Final Exam (Practice Exam)5/13

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