1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlad [161]
3 years ago
15

Monika's gift barn has cash of $316, accounts receivable of $687, accounts payable of $709, and inventory of $2,108. what is the

value of the quick ratio?
Business
1 answer:
kondaur [170]3 years ago
3 0
Given:
Cash = $316
Accounts receivable = $687
Accounts payable = $709  (Liabilities)
Inventory = $2,108 (Assets)

Total assets = Cash + Receivables  
                    = 316 + 687 = $1,003
Liabilities = $709

By definition, the quick ratio is
QR = (Assets - Inventory) / Liabilities
      = (1003 - 2108)/709
      = -1.5585

This means that the gift barn is over-leveraged and struggling to grow.

Answer: -1.56 
You might be interested in
Reason.<br>why<br>money? Give two<br>do people save​
Sedaia [141]

Answer:

I don’t know what your question is lol. If it’s why do people save money? here’s why.

emergency fund, purchases and wealth building. saving money is important because it helps protect you in the event of a financial emergency. Additionally, saving money can help you pay for large purchases, avoid debt, reduce your financial stress, leave a financial legacy, and provide you with a greater sense of financial freedom.

7 0
2 years ago
sabrina company recorded an adjusting entry for salaries owed to employees at the end of the year. as a result of this entry, sa
mafiozo [28]

Sabrina Company recorded an adjusting entry for salaries owed to employees at the end of the year. As a result of this entry, Sabrina Company's equity decreases and liabilities increase.

<h3>What is equity?</h3>

Equity in finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities are subtracted from asset value to calculate equity for accounting reasons.

<h3>What is liabilities?</h3>

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

To learn more about liabilities visit:

brainly.com/question/15006644

#SPJ4

4 0
1 year ago
Marketing communicators should realize that other communication methods must receive careful consideration before _____ is autom
agasfer [191]

Answer:

<u>Mass Media Advertising </u>

Explanation:

Marketing communication refers to means of marketing the products such as advertising, sales promotion etc. It refers to how the product attributes are conveyed to the prospective customers.

Marketing communicators are the ones who undertake and decide upon marketing communication methods.

Mass media advertising means reaching out to wide masses by means of print media, visual  and audio marketing through television, audio marketing through radio.

Mass media advertising involves heavy expenditure and thus before opting for it, the marketing communicators should weigh in or consider other marketing communication modes as well.

5 0
2 years ago
In a retail cash sales environment, which of the following controls is often absent?
JulijaS [17]

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

6 0
3 years ago
The Federal Reserve System performs many functions, but its most important one is
oksian1 [2.3K]

Answer:

b. controlling the money supply.

Explanation:

The main function of the federal reserve is to control the money supply. This is accomplished through expansionary or contractionary monetary policies, in which the Federal Reserve influences the amount of economy in the economy by controlling its supply. An open marketing policy, ie selling and buying securities, for example, is used to control the amount of currency in the economy.

8 0
3 years ago
Other questions:
  • On August 1, 2021, Turner Manufacturing lends cash and accepts a $24,000 note receivable that offers 4% interest and is due in n
    7·2 answers
  • How does the economy of Cuba differ from the economy of North Korea? In North Korea, the government’s control of the economy has
    8·1 answer
  • Bloom’s has the following estimates for the upcoming year:
    9·1 answer
  • 25,000 shares reacquired by Elixir Corporation for $53 per share were exchanged for undeveloped land that has an appraised value
    10·1 answer
  • You have just been hired as a business consultant to determine what pricing policy would be appropriate to increase the total re
    6·1 answer
  • g Privett Company Accounts payable $33,411 Accounts receivable 66,433 Accrued liabilities 6,512 Cash 22,494 Intangible assets 37
    9·1 answer
  • In the context of socialism, Karl Marx believed that:__________. a. businesses should benefit at the expense of laborers. b. onl
    9·1 answer
  • On January 1, 2021, Bishop Company issued 6% bonds dated January 1, 2021, with a face amount of $33 million. The bonds mature in
    8·1 answer
  • Martinez, Inc. manufactures a set of high-end computer storage systems for use by offices around the city. At the start of 2021,
    14·1 answer
  • What is a creditor legally required to do if you dispute a debt?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!