Answer:
<u>Current Ratio = 2; Yes</u>
Explanation:
First, to solve for current ratio, simply divide the current assets by the current liabilities.
So the current ratio would be $30,000 / $15,000 resulting to <em><u>2</u></em>
Now, a current ratio greater than one means that <u>Mister Ribs will be able to pay its current liabilities as they come due in the next year.</u>
However, because the current ratio at any one time is just a snapshot, it is usually not a complete representation of a company’s liquidity or solvency.
Answer:
Inventory Management Report
Explanation:
Inventory management is the most essential part of every organization where an organization manages its raw material, check their availability of a product, back storage so that company doesn't get a shortage of its product and the quantities. On the other hand inventory management report indicates the strong decision variables are set by the buyers.
Therefore from the above explanation, the correct answer is an inventory management report.
Answer:
False
Explanation:
The contribution margin will be higher for the company with the highest fixed expenses. Contribution margin = selling price - variable cost
For example:
Company A Company B
sales price per unit $100 $100
total costs per unit $80 $80
variable costs per unit $50 $40
<u>fixed costs per unit $30 $40 </u>
contribution margin $50 $60
In a competitive market, a large number of producers compete with each other to satisfy the needs of their consumers. In here, no one or group of producers can dictate the price. <span>They have only one major decision to make—and that is, what quantity to produce. Therefore, when Tom decided to produce commemorative t-shirts, and decrease his output, This decision did not increase his revenue, since did not lead to higher market price nor the competitors will decrease their output. </span><span> The answer is C. decrease his revenue, for price remains the same.</span>
The straight line depreciation expense in 2022 is $1500.
The straight line depreciation expense in 2023 is $3000.
<h3>What is the depreciation expense in 2022 and 2023?</h3>
The striaght line depreciation method spreads out the depreciation expense equally over the useful life of the project.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($32,000 - $4,000) / 8 = $3000
The depreciation expense each year would be $3000 except in 2022 when the truck was used for 6 months.
Depreciation expense in 2022 = 6/12(3000) = $1500
To learn more about straight line depreciation, please check: brainly.com/question/6982430
