Based on the information given the amount of quick assets is $128,694.
Using this formula
Quick assets = Cash + Marketable securities + Accounts receivable
Where:
Cash=$16,106
Marketable securities=$37,992
Accounts receivable=$74,596
Let plug in the formula
Quick assets =$16,106 + $37,992+ $74,596
Quick assets = $128,694
Inconclusion the amount of quick assets is $128,694.
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Answer:
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All improved, modified, or original products are classified as NEW PRODUCTS.
Product is improved when gaps were found in it as the gaps are introduced they are termed to resolve it this resolving will help the producer to re-introduce his/her product from the start this product is now classified as to the new product category.
Same like this modification process goes through and developed into a brand new brand or product ad same and we know if any product didn't find a mistake again this product is indeed a new product so all the respective categories are called new products.
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Answer:
The correct answer is False.
Explanation:
The disadvantages of deflation are basically the reduction of economic activity, the increase in unemployment, the increase in economic uncertainty, the increase in real interest rates due to falling prices, falling demand.
The danger of this situation comes from how difficult it is to get out of it, since a vicious circle is created by which when demand falls, companies are reduced their profits by having to reduce prices to get sales, as a result , they have to reduce costs, which means they have to cut jobs. In turn, if there are people who run out of work, demand will continue to decrease as they will stop buying as well.
Answer:
Income statement
Sales Revenue $ 612,000
Variable Overhead cost $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
Explanation:
Income statement
Sales Revenue ( 9,000 units * $ 68) $ 612,000
Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)
Fixed manufacturing overhead <u>$ ( 126,000)</u>
Gross Profit $ 171,000
Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)
Fixed Operating expenses <u>$( 93,000)</u>
Net Income $ 51,000
