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zepelin [54]
2 years ago
12

Jones Corporation reported current assets of $191,800, current liabilities of $137,000, and total liabilities of $275,714 on its

most recent balance sheet. The current ratio is:
Business
1 answer:
VMariaS [17]2 years ago
4 0

Based on the information given the current ratio is:1.4.

<h3>Current ratio</h3>

Using this formula

Current ratio=Current assets/Current liabilites

Where:

Current assets=$191,800

Current liabilities=$137,000

Let plug in the formula

Current ratio=$191,800/$137,000

Current ratio = 1.4

Inconclusion the current ratio is:1.4.

Learn more about current ratio here:brainly.com/question/2686492

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Paden Company purchased merchandise from Emmett Company with freight terms of FOB shipping point. The freight costs will be paid
Nikitich [7]

Answer:

Buyer (Paden Company)

Explanation:

The freight costs will be paid by the Buyer. FOB shipping point means that the Buyer takes all the risks and rewards associated with the purchase as soon as the goods leave sellers location.

8 0
2 years ago
Rugged Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If
damaskus [11]

Answer:

$412,500

Explanation:

March

Cash receipts from sales on account for April = $400,000 * 75%

Cash receipts = $300,000

April

Cash receipts from sales on account for April = $450,000 * 25%

Cash receipts = $112,500

Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April

Total Cash receipts = $300,000 + $112,500

Total Cash receipts = $412,500

5 0
2 years ago
Ketchum &amp; Lushene Hardware sells 100 hammers daily. The supplier takes two days
Softa [21]

Answer:

He should reorder when he is left with 200 hammers.

Explanation:

Reorder point is the trigger which informs the businessmen to order the inventory when the stock is used.

Reorder point =  Safety Stock + (Average daily usage of units * Average lead time in days )

Reorder Point = 0 + (100 hammers * 2 days)

Reorder Point = 200

8 0
2 years ago
The Vermont Teddy Bear Company sells handmade Teddy bears designed to be given as gifts for almost every occasion imaginable. Fo
soldi70 [24.7K]

Answer:

product line

Explanation:

A product line is a group of related products sold by a business under the same commercial brand.

For example, the company might produce a love Teddy for Valentine's Day, GI Teddy for Veteran's Day, Pilgrim Teddy for Thanksgiving, and Santa Teddy for Christmas.

4 0
3 years ago
Computers makes 5 comma 900 units of a circuit​ board, CB76 at a cost of $ 290 each. Variable cost per unit is $ 220 and fixed c
blondinia [14]

Answer:

There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

Explanation:

Variable cost is a cost that varies with number of units produced or sold so it is always a relevant cost while making decision.

Fixed cost remains constant irrespective of number of units so it is a irrelevant cost unless avoidable.So in the given case ,fixed cost $70 is irrelevant since same will be incurred whether purchased or manufactured.

Incremental savings  

Saving in variable cost   220

saving in fixed cost   25

Total saving                   245

less: Incremental cost (270)

Incremental profit /(loss) on buying from outside supplier (25)

Total loss 25*5900= -147500

Therefore, There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

4 0
3 years ago
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