During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash
Question:
During 2014, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2014, the cash balance is $1,415,400.
a. Compute the ratio of cash to monthly cash expenses.
b. Based on (a), what are the implications for El Dorado Inc.?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (17 reviews)
a Cash expenses 168500 Cash balance 1415400 Ratio of cash to monthly cash expenses C...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Cost Accounting questions
-
Brief Exercise 7-11 (Static) Record depreciation using straight-line method (LO7-4) On January 1, Hawaiian Specialty Foods purchased equipment for $30,000. Residual value at the end of an estimated...
-
During 2016, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2016, the cash balance is $1,415,400. a. Compute the ratio of cash to monthly cash expenses. b. Based on (a), what...
-
During 2015, Copper Coal Inc. has monthly cash expenses of $275,000. On December31, 2015, the cash balance is $1,787,500. a. Compute the ratio of cash to monthly cash expenses. b. Based on a. what...
-
Provide a brief description of the seven basic steps to use JDBC.
-
(a) Write the electron configuration for the element titanium, Ti. How many valence electrons does this atom possess? (b) Hafnium, Hf, is also found in group 4B. Write the electron configuration for...
-
A load made up of a \(220-\Omega\) resistor in parallel with a \(200-\mathrm{mH}\) inductor is connected across a \(240-\mathrm{V}(\mathrm{rms}), 50-\mathrm{Hz}\) voltage source. Find the complex...
-
Picture Gallery, Inc. works weddings and prom-type parties. The balance of retained earnings was \($18,000\) at December 31, 2010. At December 31, 2011, the businesss accounting records show these...
-
Explain how each of the following can be used to control the input, processing, or output of accounting data: (a) Edit tests, (b) Check digits, (c) Passwords, (d) Activity listings, and (e) Control...
-
Oriole Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as follows: Variable manufacturing costs Fixed manufacturing costs $40...
-
Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month, beginning on March 1and continuing through November 1. She will withdraw all the money on December 1. If...
-
Mattel, Inc., designs, manufactures, and markets toy products worldwide. Mattels toys include Barbie fashion dolls and accessories, Hot Wheels, and Fisher-Price brands. For a recent year, Mattel...
-
Capstone Turbine Corporation produces and sells turbine generators for such applications as charging electric, hybrid vehicles. Capstone Turbine reported the following financial data for a recent...
-
What type of transaction is a cash payment to creditors? How does this type of transaction affect the accounting equation?
-
Pop Corporation acquired 70 percent of Soda Company's voting common shares on January 1, 202, for $118,300. At that date, the honcontrolling interest had a fair value of $50,700 and Soda reported...
-
Suppose the mass of ice, 1 3 g , is measured with a scale that measures to 0 . 1 g . Calculate the percent precision ( % ) of the measured mass of the ice.
-
Discuss and describe transactional leadership in term of management. ?
-
You bought a share of 4 percent preferred stock for $95.90 last year. The market price for your stock is now $97.38. The par value is $100.What is your total return for last year?
-
Walberg Associates, antique dealers, purchased goods for $37,700. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $1,300....
-
Maurice Micklewhite has decided to replant his garden. Show him what the cost is of making an erroneous decision at various stages of the project, starting with conceptual design and ending with the...
-
The following cost information was provided to you for analysis: September 12,000 Units Produced Costs: TIC TAC TOE TING August 10,000 P80,000 70.000 60.000 50,000 How much is the fixed cost per...
-
The impulse response transform of a circuit is (a) Find \(v_{1 \mathrm{SS}}(t)\) if \(i_{1}(t)=10 \cos 5000 t \mathrm{~mA}\). (b) Design a circuit to achieve \(H_{Z}(s)\). The circuit in Figure...
-
Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to...
-
Belmain Co. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of...
-
Belmain Co. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of...
-
Your Boss calls you to his office and asks a couple of questions that are basically not in sequence. What is the scaling technique used to build a distributed Streaming Analytics system such as...
-
Suppose you have this query SELECT Pname, Price, Color FROM PRODUCT WHERE Price < 50 OR Color = Red; Which technique can be used to improve this query ? Q2.With a neat state transition diagram...
-
Database systems cannot stand alone; they depend on many other systems. Choose an industry from e-commerce, healthcare, or banking and discuss database security for an organization in one of those...
Study smarter with the SolutionInn App