Answer:
quick ratio = 0.61
Explanation:
given data
cash = $8,800
accounts receivable = $15,800
fixed assets = $87,600
accounts payable = $40,300
inventory = $46,900
solution
we get here quick ratio that is express as
quick ratio = (Cash + Accounts receivable) ÷ (Accounts Payable) .................1
put here value and we get
quick ratio = 
quick ratio = 0.61
so correct option is c. 61
Answer:
d.No effect on the expenses of the current period.
Explanation:
In the case when the credit balance of the allowance for doubtful debt more than the bad debt amount i.e. written off
So the entry for writing off against the allowance would result in no effect on the expense for the present period
As the bad debt expense is debited and the allowance for doubtful debt would be credited therefore the option d is correct
Answer:
(B) are subject to a self-employment tax of approximately 15%.
Explanation:
Answer:
Answer is option A, i.e. systematic sampling.
Explanation:
Systematic sampling is the type of probability sampling method of selection of samples out of the given group of homogenous nature. In this method, every Kth sample is selected until the required amount is obtained. Here, Chrysler selects every 16th van until he is successful in obtaining the 80 vans. Thus, Chrysler is using a systematic sampling method here.
Answer:
$25,000
Explanation:
The cash balance at the end of the year can be calculated as follows:
=> $12,000 + $2,000 + $7,000 + $4,000
