![subject](/tpl/images/cats/ekonomika.png)
Business, 12.12.2019 05:31 Kaytlynshue2443
Scrubber, inc, presented the following information in a note to its financial statements for the year ending december 31, 2016.
the company has a loan agreement with mountain state bank that states:
1. the current ratio should remain at least 2.0 to 1 at all times.
2. the debt-to-equity ration should not exceed .7 to 1 at any times.
3. the company must maintain $75,000 cash at all times.
the ratios at year-end are: current ratio, 2.3. to 1 and debt-to-equity ratio, .2 to 1. the amount of cash on the bank statement is $75,400, but the cash account after the adjustments from the bank reconciliation has a balance of $74,900. has scrubber violated its loan agreement?
a. no
b. yes, the cash balance is less than $75,000
c. yes, the current ratio is .3 or 30% larger than the agreement indicates.
d. yes, the cash balance is less than $75,000, and the debt-to-equity ratio is overstated.
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 00:10
Which of the following is a problem for the production of public goods?
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 03:30
Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 06:40
As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 09:30
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
You know the right answer?
Scrubber, inc, presented the following information in a note to its financial statements for the yea...
Questions
![question](/tpl/images/cats/himiya.png)
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
History, 16.09.2021 09:40
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 16.09.2021 09:40
![question](/tpl/images/cats/mkx.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/en.png)
English, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/istoriya.png)
History, 16.09.2021 09:40
![question](/tpl/images/cats/health.png)
Health, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/mir.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40
![question](/tpl/images/cats/mat.png)
Mathematics, 16.09.2021 09:40