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
Andreyy89
4 years ago
10

Airline Accessories has the following current assets: cash, $109 million; receivables, $101 million; inventory, $189 million; an

d other current assets, $25 million. Airline Accessories has the following liabilities: accounts payable, $112 million; current portion of long-term debt, $42 million; and long-term debt, $30 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories.
Business
1 answer:
olchik [2.2K]4 years ago
7 0

Answer:

The current ratio is 2.75

The acid-test ratio is 1.36

Explanation:

In order to calculate the current ratio we would have to make the following calculatio:

Current Ratio =Current Assets/Current Liabilities

Current Assets = Cash + Receivables + Inventory + Other current assets

= 109 + 101 + 189 + 25 = $424 million

Current Liabilities = Accounts Payable + Current portion of long term debt = 112 + 42 = $154 million

Therefore, current ratio=$424/$154

current ratio= 2.75

In order to calculate the acid-test ratio for Airline Accessories we would have to make the following calculation:

Acid - Test Ratio =Cash + Receivables/Current Liabilities

Acid - Test Ratio=$210/$154

Acid - Test Ratio=1.36

You might be interested in
Bengal Co. provides the following sales forecast for the next three months: July August SeptemberSales units 4,200 4,900 4,760Th
nexus9112 [7]

Answer:

Hie, on the choice of answers provided by your question there is no correct answer.

The correct answer for budgeted production units for July are 4,375 units

Please see below explanation and calculation i have prepared for the answer.

Prepare a Production Schedule for July as follows :

                                                                                     <u>July</u>

Budgeted Sales                                                          4,200

Add Budgeted Closing Inventory (4,900 × 25%)      1,225

Total Production Needed                                          5,425

Less Budgeted Opening Inventory                          (1,050)

Budgeted Production                                                4,375

8 0
3 years ago
The latest version of the surgeon general reports recommends ________ for the promotion of health.
Scrat [10]
The answer is Regular and Moderate to High Physical Activity


While generally accepted as good for health, medical professionals have conducted extensive research and recommended that the best way to promote health is to regularly exercising, especially at a moderate and high level physical activity.

This means, simple walking is not going to be enough.
We need to exert our bodies to some extent regular to optimal fitness.

Regular exercise is said to reduce to risk of diabetes, heart problems, various types of cancers etc.
8 0
3 years ago
Java Joe operates a chain of coffee shops. The company pays rent of $20,000 per year for each shop. Supplies (napkins, bags and
Semmy [17]

Answer:

a. Variable cost

Explanation:

Variable cost -

It refers to the amount of money which increases or decreases with the production output , is referred to as variable cost .

Variable cost is directly proportional to the production .

For example , the cost of raw material increases as the production of the output increases .

In numerical terms , the variable cost is the sum of the marginal cost over the total units .

The summation of the fixed cost and variable cost gives the total cost .

Hence , from the given scenario of the question ,

The correct option is  a. Variable cost .

4 0
3 years ago
The following information is provided by the Town of York's General Fund operating statement and budgetary accounts for the fisc
Stels [109]

Answer

The answer and procedures of the exercise are attached in the following image.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

8 0
3 years ago
HELP ME PLEASE I WILL GIVE BRAINLIEST!!!
Sav [38]

Answer:

I beleive this one would be a bit of a matter of opinion when it comes down to it, but personally I would call it a bit unethical.

Explanation:

Escpecially when it comes to something like medication, it feels unethical to be advertising yourself as the only brand that will work. In my mind unique selling proposition would be focusing on what differentiates your product from others (example, my product can provide 48 hour vs other brands that only offer 24 hour) Simply stating their brand is the only solution feels unethical and does not provide ample evidence of this claim to customers in my opinion. I don't think it would be considered illegal, but in my mind its tiptoeing the line of ethics.

3 0
3 years ago
Other questions:
  • Who is responsible for announcing StartEx and EndEx during an operations-based exercise?
    13·1 answer
  • The Fed’s use of open market operations affects banks’
    7·2 answers
  • Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
    15·1 answer
  • INVESTOR Corp. was interested in investing in bonds and, on 01/01/2012 purchased 8% bonds dated January 1, 2012. These bonds had
    7·1 answer
  • Suppose selected comparative statement data for the giant bookseller Barnes &amp; Noble are presented here. All balance sheet da
    5·1 answer
  • Airborne Airlines Inc. has a $1,000 par value bond outstanding with 10 years to maturity. The bond carries an annual interest pa
    11·1 answer
  • Isocost lines Question 28 options: A) are dependent upon the costs of a firm's inputs. B) are dependent upon the technical effic
    12·1 answer
  • Kennedy Company reports the following costs and expenses in May.
    12·1 answer
  • Why does compound interest earn you a higher annual percentage yield
    9·1 answer
  • which one of the following documents must normally be approved by the ceo or similarly high-level executive?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!