Check my work Check My Work button is now enabledItem 6Item 6 2.57 points Exercise 13-7 Liquidity analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 34,027 $ 40,172 $ 41,846 Accounts receivable, net 99,606 70,301 55,794 Merchandise inventory 121,516 93,817 61,210 Prepaid expenses 10,848 10,232 4,604 Plant assets, net 310,729 282,656 255,046 Total assets $ 576,726 $ 497,178 $ 418,500 Liabilities and Equity Accounts payable $ 143,605 $ 85,704 $ 54,137 Long-term notes payable secured by mortgages on plant assets 110,593 116,638 91,564 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 160,028 132,336 110,299 Total liabilities and equity $ 576,726 $ 497,178 $ 418,500 1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015.

Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).