During the year 2022, the company had to remove several assets from its service. These assets included machinery, a forklift, and a truck.
The machinery was retired on January 1, which means that it was no longer in use by the company from that date onwards. It was most likely due to the fact that the machinery had become old and outdated, and it was no longer cost-effective for the company to continue using it.
On the other hand, the forklift was sold on June 30 for $11,500. This suggests that the forklift was still in relatively good condition and had some value that the company was able to realize. It is likely that the company decided to sell the forklift because it no longer needed it or had found a better replacement.
Finally, the truck was discarded on December 31, which means that it was no longer of any use to the company. It is possible that the truck had reached the end of its useful life or was damaged beyond repair. In either case, the company had no choice but to discard it.
Overall, the removal of these assets indicates that the company is making efforts to optimize its resources and ensure that it is using its assets in the most efficient way possible.
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what type of linear relationship appears to exist between two variables if rx y= 0.83? multiple select question. strong negative weak positive
The correlation coefficient (rxy) ranges between -1 and 1, with values closer to -1 or 1 indicating a stronger linear relationship, while values closer to 0 indicate a weaker linear relationship.
In this case, rx y = 0.83, which is a positive value close to 1. Therefore, it suggests a strong positive linear relationship between the two variables.
To summarize, the correct answer is "strong positive."
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in a sale of oranges from citrus farm to juice factory inc. to be delivered after the harvest, a fire destroys the fruit before it is picked. under the ucc, the rights and liabilities of citrus and juice in this circumstance are generally determined by
The rights and liabilities of Citrus Farm and Juice Factory Inc. in the event of a fire destroying the fruit before it is picked would generally be determined by the Uniform Commercial Code (UCC).
The UCC is a set of laws governing commercial transactions in the United States. In this circumstance, the UCC provides guidelines for determining the rights and liabilities of both Citrus Farm (seller) and Juice Factory Inc. (buyer).
Under the UCC, the concept of risk of loss is crucial in determining which party bears the loss due to the fire. The default rule is that the risk of loss transfers from the seller to the buyer when the seller has completed their delivery obligations. However, specific provisions in the contract between Citrus Farm and Juice Factory Inc., such as the agreed-upon delivery terms (e.g., FOB shipping point or FOB destination), can override this default rule.
If the contract specifies a FOB shipping point, the risk of loss transfers to Juice Factory Inc. once the oranges are delivered to the carrier for transportation. If the contract specifies a FOB destination, the risk of loss remains with Citrus Farm until the oranges are actually delivered to Juice Factory Inc.'s designated location.
It is important to review the specific terms and conditions outlined in the contract between Citrus Farm and Juice Factory Inc. to determine the rights and liabilities of both parties in this particular situation.
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1. You are a small employer wishing to establish a benefits program for your employees. What things should you consider to ensure that the program is a success for your employees?
The program is considered to be success when it is implemented properly.
Employee benefit programs include health and life insurance, preventative doctor care, and the free health checkups, all of which aid employees in maintaining excellent health and fostering wellbeing. These benefits increase employee satisfaction with your company.
Employers have a significant and costly challenge in managing employee benefits. While most companies are required to give mandated benefits such as Social Security payments, worker's compensation insurance, and unemployment insurance, the majority of other benefits are optional and selected by the company.
Therefore, the answer is proper implementation.
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List one type of appropriate workplace verbal communication
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
In 1979, the federal minimum wage in the United States was $2.90 per hour. By 2019, that number increased to $7.25 an hour. While there is a clear increase in the minimum wage in dollars, it is hard to compare the two figures without knowing more about how the economy changed between 1979 and 2019.In this activity, we will explore different ways to compare the value of money across different time periods. Economists define inflation as the rise of price levels in the economy over time. The average yearly rate of inflation between 1979 and 2019 was 3.2%. That means prices of goods and services went up by an average of 3.2% every year between 1979 and 2019.
Determine the 2019 value of the 1979 minimum wage if it had grown at the same rate as the CEO compensation.
The 2019 value of the 1979 minimum wage if it had grown at the same rate as the CEO compensation is $9.64 an hour.
How to determine minimum wageTo determine this value, we must first calculate the rate of inflation between 1979 and 2019. The average yearly rate of inflation between 1979 and 2019 was 3.2%, meaning prices of goods and services went up by an average of 3.2% every year between 1979 and 2019.
Next, we need to calculate the increase in the value of the 1979 minimum wage over the forty-year period. To do this, we must take the 1979 minimum wage ($2.90) and multiply it by 1.032 (the rate of inflation for every year between 1979 and 2019). This calculation gives us the value of the 1979 minimum wage in the year 1980 ($2.99). We must repeat this calculation for every year from 1980 to 2019, and then add all of the results together.
This calculation will give us the 2019 value of the 1979 minimum wage. In the year 2019, the minimum wage was $7.25 an hour. This is a difference of $2.39 from the calculated value of the 1979 minimum wage. To understand why the difference exists, we must consider the growth of CEO compensation between 1979 and 2019.
During this period, the average annual growth rate of CEO compensation was 7.58%. This is more than double the rate of inflation and indicates that the CEO compensation has grown significantly faster than the minimum wage.
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According to the video, in which areas are Accountants and Auditors involved? Select four options. budgeting hiring training planning cost control employee compensation event planning
Answer: budgeting
planning
cost control
employee compensation
Explanation:
The areas that accountants and auditors are involved in in an organization include the budgeting, planning, cost control and employee compensation.
We should note that the accountant and the auditors are involved in the financial aspect of the company, hence, the reason for the options chosen.
Hiring and training is the function of the human resource department.
Answer: 1, 4, 5, and 6
1.) budgeting
4.) planning
5.) cost control
6.) employee compensation
Explanation: i hope this helps :)
active/passive she is watering the plants
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".
pls help
Your lifestyle desires should be a big part of choosing your career.
Is this statement true or false?
true
false
Answer:
True
Explanation:
You should incorporate your life desires into choosing a career choice because if you are not happy with your job or you don't feel fulfilled with what you are doing then you are only harming yourself mentally and sometimes physically by continuing to do something that doesn't fit with your desires.
Explain why unions have declined in power in the last few decades.
Answer: See explanation
Explanation:
There are a number of reasons for the reduction in the power of unions in the last few decades.
One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.
Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.
Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.
Conduct online research on different types of cover letters. Observe the cover letters and list the strong points of each cover letter. Based on the observations of different cover letters, create a cover letter of your own, assuming that you are applying for a company of your choice.
Answer:
the investigation of encyclopedia in the photosynthesis of America
Explanation:
The water flies ontop the bridge challenge to them
What type of relationship exists between the length of a wire and the resistance, if all other factors remain the same
The relationship between the length of a wire and its resistance, assuming all other factors remain constant, is directly proportional. This relationship is known as the "length-resistance relationship" or the "resistance proportionality."
According to Ohm's Law, the resistance (R) of a wire is directly proportional to its length (L) and inversely proportional to its cross-sectional area (A), while keeping the resistivity (ρ) of the material constant. Mathematically, this relationship is represented as:
R ∝ L
This means that as the length of a wire increases, its resistance also increases, and vice versa. The resistance of a wire doubles if its length doubles while all other factors remain the same. Similarly, if the length is halved, the resistance is also halved.
It is important to note that this relationship assumes that other factors such as temperature, material composition, and cross-sectional area remain constant. In real-world scenarios, these factors can also affect the overall resistance of a wire.
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which of the following is true with regard to price? a) historically, price has had the least perceptible impact on buyer choice. b) price is the least flexible element in the marketing mix. c) unlike product features and channel commitments, prices cannot be changed quickly. d) price is the sum of all the values that customers give up to gain the benefits of having a product. e) prices only have an indirect impact on a firm's bottom line.
The true option with regard to price is d) price is the sum of all the values that customers give up to gain the benefits of having a product.
What is a price?A price is the sum of money that one party pays or receives in exchange for another's goods or services. The cost of production may go by another name in certain circumstances. If a product is classified as a "good" in a commercial transaction, its price is most likely to be referred to as such.
Price is the sum of money customers are willing to spend on a product. Marketers must consider supply costs, seasonal discounts, competitor prices, and retail markup in addition to connecting the price to the product's actual and perceived value.
Price is the total of all the values that consumers forgo in exchange for a product's advantages. In conclusion, based on the information, the correct option is D.
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price elasticity of supply is calculated the same as the price elasticity of demand, but using supply data instead of demand data.question 8 options:truefalse
The price elasticity of supply is calculated using the same formula as the price elasticity of demand, but with supply data instead of demand data. So, the statement is true.
The formula for price elasticity of supply is:
Price elasticity of supply (Es) = Percentage change in quantity supplied / Percentage change in price
Just like with the price elasticity of demand, the price elasticity of supply measures the responsiveness of suppliers to changes in price. It indicates how much the quantity supplied changes in response to a change in price.
If the price elasticity of supply is elastic (Es > 1), it means that suppliers are responsive to price changes, and the quantity supplied changes proportionately more than the change in price.
If the price elasticity of supply is inelastic (Es < 1), it means that suppliers are less responsive to price changes, and the quantity supplied changes proportionately less than the change in price.
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An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying for tickets. She thinks it is fine to do so because the employees at the popcorn bar give free popcorn to their friends. This type of rationalization is based on
The type of rationalization made by the employee is based on other employee are doing it.
Rationalization refers to when individual attempt to justify a behavior with logical reasons even though those reason are not appropriate.
Here, the employee does rationalize giving free entry to her friend because other employee gives free popcorn to their friends.Hence, the type of rationalization made by the employee is based on other employee are doing it.
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what are the disadvantages of alloys
Maintenance, repair, and operations (MRO) materials are also called ____. a.mass customization b.support resources c.indirect materials d.direct materials
Maintenance, repair, and operations (MRO) materials are also called indirect materials. MRO materials refer to the supplies and equipment that are necessary for a business to operate but are not directly involved in the production process.
These include items like cleaning supplies, office equipment, and spare parts for machinery. Indirect materials are considered to be separate from direct materials, which are the raw materials or components that are used to create the final product. Indirect materials are essential for maintaining and repairing equipment, facilities, and vehicles. They are typically purchased in small quantities on an as-needed basis, and are often less expensive than direct materials. Managing MRO materials is a critical part of inventory control and supply chain management, as it ensures that the business has the necessary resources to keep operations running smoothly. In summary, MRO materials are also known as indirect materials, and are an essential part of any business's operations.
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which of the following is an example of asynchronous communication? multiple choice meeting with your boss in person to discuss your raise. meeting with a supplier over zoom to discuss new products. speaking with a client over the phone and discussing plans for your joint project. sending your co-worker a message through the company's instant messaging system to verify your next meeting time.
Sending your co-worker a message through the company's instant messaging system to verify your next meeting time is an example of asynchronous communication.
Asynchronous communication refers to communication methods that do not require immediate or real-time interaction between participants. In this example, sending a message through the company's instant messaging system allows for flexibility in terms of when the co-worker can respond. It does not require both parties to be available simultaneously, unlike a face-to-face meeting or a real-time video conference. The message can be sent at one time, and the co-worker can respond whenever they have the opportunity. This type of communication is often used when participants are in different time zones or have varying schedules, providing convenience and flexibility in exchanging information.
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Which accounts are specific to a trading business?
Answer: 3 1/2
Explanation: that number really speaks to me. Also I am working on the same thing and have no idea.
Answer:
Certain accounts that are maintained exclusively by trading businesses include purchases, purchase returns, purchase discounts, freight on purchases, sales, sales returns, and sales discounts.
A purchases account records the transactions of purchasing stock or inventory, which is resold later. In case the stock is defective, it can be returned to the seller (manufacturer). This transaction is recorded in the purchase returns account. Sometimes, the trading business (buyer) may get a discount on goods purchased from the manufacturer (seller) for making an early payment. This discounted amount is recorded in the purchase discount account. Purchase discounts and purchase returns are both contra-expense accounts. A trading business may have to spend money for transportation of goods. These expenses are recorded in the freight on purchases account.
A sales account records the revenue earned from sale of products. Transactions relating to goods returned by customers are recorded in the sales returns account. Sales discounts offered by a trading business to its customers are an expense for the business and are recorded in the sales discounts account. Sales discounts and sales returns are both contra-revenue accounts.
Explanation:
With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Why is it a good idea to be organized in the workplace?
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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which of the following are examples of information that may impact the risky return of a stock? multiple select question. the outcome of an application currently pending with the food and drug administration. the fed's decision on interest rates at their meeting next week last year's net income as a percentage of sales and gross fixed assets. the trend in sales growth over the last 10 years.
The outcome of an application currently pending with the Food and Drug Administration.The Fed's decision on interest rates at their meeting next week.
The primary general duties of public administration include formulating policies, overseeing the work of the government, planning and controlling the budget, administration allocating resources, and determining the proper processes. Despite the enormous number of kinds, they can be broadly divided into two groups: government management. (drug) Any substance (apart from food) that is used to treat, prevent, or relieve the symptoms of a disease or other abnormal state. In addition to changing mood, consciousness, thoughts, feelings, or behavior, drugs can also alter how the brain and the rest of the body function. types of drugs The central nervous system's activity is slowed down by depressants. Hallucinogens: These substances alter your senses, causing you to perceive the world differently. Stimulants - accelerate the central nervous system's performance.
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Which of the following is an advantage to belonging to a labor union?
Labor union protect the workers right and interest.
Firstly, let understand that labor union is basically an association of workers which can either be for a trade or profession, with the main objective of protecting members rights and interests
The major function of labor union is to help improve the lives of members by negotiating and determining the remuneration rate that should be provided to them such as wages, salaries, hourly rate, minimum wages etc.Some advantage of Labor union for workers are:
Its helps to protect the interest of workers.Its helps to negotiate and promote higher wages and better benefits.Its help to ensure workplace safety.The union serves as workers representatives.Learn more about Labor union here
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d. Do these two methods give you consistent results with regard to the standard of living of minimum-wage workers over time? e. The minimum wage did not change over the eight-year period from 1981 to 1989. By what percentage did the purchasing power of the minimum wage decline over this period? (Hint: Inflate the value of the minimum wage in 1981 to its equivalent in 1989. Then generate the percent change.) What happened to the standard of living of minimum-wage workers over the period from 1990 to 2000 ? (Inflate the 1990 minimum wage and compare it to the 2000 minimum wage.)
D. Comparing the standard of living of minimum-wage workers over time using two different methods may not necessarily yield consistent results.
E. The percentage change, you would use the formula: ((New Value - Old Value) / Old Value) * 100.
The standard of living is a multifaceted concept that encompasses various factors such as income, purchasing power, access to goods and services, and overall well-being. Changes in the minimum wage alone do not provide a comprehensive picture of the standard of living.
Other factors, such as inflation, changes in the cost of living, employment opportunities, and overall economic conditions, also play a significant role in determining the standard of living. Therefore, relying solely on changes in the minimum wage may not accurately reflect the overall changes in the standard of living of minimum-wage workers over time.
To determine the percentage decline in the purchasing power of the minimum wage from 1981 to 1989, you would need to adjust the value of the minimum wage in 1981 to its equivalent in 1989, taking into account the inflation rate over that period. Once you have the inflated value of the minimum wage in 1989, you can calculate the percentage change compared to the minimum wage in 1981.
For example, if the minimum wage in 1981 was $5 per hour and the inflation rate from 1981 to 1989 was 30%, the inflated value of the minimum wage in 1989 would be $5 * (1 + 0.30) = $6.50 per hour.
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the heart of operations management is the management of production systems. a production system uses to provide goods and services to the customer.
The heart of operations management is the management of production systems. a production system uses input, transformation and output to provide goods and services to the customer.
What is meant by operations management?This is the term that is used to refer to the way that business is being run in a way that efficiency would be increased for an organization. It tells us of the way that the business would convert materials and labor in a way that we would have goods and services.
We can conclude that the heart of operations management is the management of production systems. a production system uses input, transformation and output to provide goods and services to the customer.
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job performance definition
Answer:
The act of doing a job well
Explanation:
Job performance is the act of doing a job well, based on the goals, attitudes, skills, and behaviors of the individual. It is an important criterion for organizational outcomes and success. It is studied as part of industrial and organizational psychology and human resources management.
Which of the following is true when workers specialize in the production of one good
A) there is increased competition among the producers of similar goods
B) The quantity of output produced by the worker increases
C) The satisfaction of the worker increases
D) The cost of producing the good increases
The statement that is true when workers specialize in the production of one good is: A) there is increased competition among the producers of similar goods.
What is specialization?Specialization means to be an expertise when it comes to production of goods and service.
When employee are specialize in the production of goods it tend to lead to more competition between manufacturer that produce similar products.
Therefore the correct option is A.
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What state in the country has the highest percent of their credit economy with subprime credit scores?
The state in the country has the highest percent of their credit economy with subprime credit scores is: Wisconsin.
What is credit economy?Credit economy can be defined as the way in the money is the means of exchange in an economy as people sell goods in exchange for money.
Based on this Wisconsin has the highest percentage of their credit economy with subprime credit score followed by Vermont and then Washington.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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John is putting together an employee handbook. One thing John should NOT include in the handbook is A paragraph that tell employees that as long as performance is satisfactory, they will be retained. A chapter on the history of the company. The work rules of the company. The appeals process for a disciplinary infraction. How to accrue vacation time.
The answer is a paragraph that tell employees that as long as performance is satisfactory, they will be retained.
Brothers Harry and Herman Hausyerday began operations of their machine shop ( H \& H Tool, Incorporated) on January 1 , 2020. The annual reporting period ends December 31. The trial balance on January 1,2021 , follows (the amounts are rounded to thousands of dollars to simplify): Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $8. c. Issued additional shares of common stock on April 3 for $30. d. Purchased software on July 4,$11 cash. e. Purchased supplies on account on October 5 for future use, $19. f. Paid accounts payable on November 6,$12. g. Signed a $20 service contract on November 7 to start February 1,2022. h. Recorded revenues of $148 on December 8 , including $34 on credit and $114 collected in cash. 1. Recognized salaries and wages expense on December 9.$79 paid in cash. j. Collected accounts receivable on December 10,$18. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31, 2021, \$12. m. Depreciation for the year on the equipment, $5. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $11. p. Income tax for the year was $7. It will be paid in 2022 . How much net income did H \& H Tool, Incorpora Income" in thousands of dollars. Round "Net Pre What is its current ratio? (Enter your answers in thousands of dollars.)
The net income of H&H Tool, Inc. is $50,000. The current ratio of H&H Tool, Inc. is 5.34.
H & H Tool, Inc., was founded by the Hausyerday brothers, Harry and Herman. On January 1, 2021, the firm has a trial balance. The company's transactions and events for the year are listed, as well as data for adjusting journal entries as of December 31, 2021. H & H Tool, Inc.'s net income and current ratio can be calculated using the details provided.
The following details are provided in the problem:
To raise $30, H & H Tool, Inc. issued additional shares of common stock.
Using a short-term loan, H & H Tool, Inc. borrowed $11 cash.
Supplies worth $19 were purchased on account on October 5, 2021.
On December 8, 2021, the company received $148 in revenue, including $34 in credit and $114 in cash.
On December 10, 2021, $18 in accounts receivable was collected.
H & H Tool, Inc. has recognized salaries and wages expenditure in the amount of $79, which was paid in cash on December 9, 2021. Income tax for the year 2021 is $7, which will be paid in 2022.
Supplies valued at $12 were counted on December 31, 2021.
During 2021, software amortization was unrecorded and amounted to $6. Depreciation for the year was $5 on the equipment.
In 2021, notes payable bore interest of $1 and were due in the future.
Salaries and wages amounting to $11 were earned but not paid or recorded until the end of the year 2021.
The following accounts will be affected by the above adjustments:
H & H Tool, Inc.'s net income is calculated using the following formula:
Revenues - Expenses = Net Income
Using the information provided, let's compute the company's net income:
Revenues:
Revenue from Credit Sales = $34
Revenue from Cash Sales = $114
Total Revenues = $34 + $114 = $148
Expenses:
Salaries and wages expense = $79
Amortization of Software = $6
Depreciation of Equipment = $5
Interest expense = $1
Supplies expense = Beginning Supplies ($19) - Ending Supplies ($12) = $7
Total Expenses = $79 + $6 + $5 + $1 + $7 = $98
Net Income:
Net Income = $148 - $98 = $50 (in thousands of dollars)
Net Income = $50,000 (in dollars)
Therefore, the net income of H&H Tool, Inc. is $50,000.
The current ratio can be calculated using the following formula:
Current Ratio = Current Assets / Current Liabilities
Using the details provided, let's compute the company's current ratio:
Current Assets:
Cash = $11 + $114 = $125
Notes Receivable = $0
Accounts Receivable = $18
Supplies = $12
Total Current Assets = $125 + $18 + $12 = $155
Current Liabilities:
Notes Payable = $11
Accounts Payable = $7
Salaries and Wages Payable = $11
Total Current Liabilities = $11 + $7 + $11 = $29
Current Ratio:
Current Ratio = $155 / $29 = 5.34 (rounded to 2 decimal places)
Therefore, the current ratio of H&H Tool, Inc. is 5.34.
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