Answer:
Option (c) is correct.
Explanation:
Given that,
Cash = $4,000
Short-term investments = $75,000
Accounts receivable = $61,000
Inventories = $110,000
Prepaid expenses = $30,000
Total current liabilities = $100,000
Current assets:
= Cash + Short-term investments + Accounts receivable
= $4,000 + $75,000 + $61,000
= $140,000
Therefore,
Acid-test ratio:
= Current assets ÷ Current liabilities
= $140,000 ÷ $100,000
= 1.4 to 1
Answer:
Firms have no incentive to change how much they produce.
Explanation:
Answer:
champion
Explanation:
They take the charge and act as champions on a development team to ensure tasks are completed without little to no obstacles.
Answer:
$25,000
Explanation:
The surplus or deficit in cash for any financing activity is the net between the opening cash balance and the desired cash ending balance.
This represents the amount that the company can afford to lose and still maintain the desired ending cash balance.
As such, the surplus (or shortage) of cash before considering any financing activities (that is, borrowings or repayments) during in April would be
= $50,000 - $25,000
= $25,000
I believe it’s Involuntary Turnover. There’s a Quizlet that uses this exact same scenario that defines it as Involuntary Turnover