The financial statements of Island Furniture Company include the following items: 2019 2018 Cash $45,500 $44,000 Short minus −term Investments 30,000 14,500 Net Accounts Receivable 92,000 98,000 Merchandise Inventory 165,000 149,000 Total Assets 530,000 550,000 Total Current Liabilities 306,000 293,000 Long minus −term Note Payable 62,000 59,000 What is the 2019 acid−test ratio

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.

Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit