Answer:
flexible budget amount for canoe sales revenue for April is $72000
Explanation:
given data
sell = 100 canoes
average sales price = $600
sold = 65
total sales = 130
canoes at an average price = $595
actual sales = 120 canoes
to find out
flexible budget amount for canoe sales revenue for April
solution
we know here for flexible budget april sale unit are = 120
and selling price is $600
so that April sales will be here = 120 × 600
April sales = 72000
so flexible budget amount for canoe sales revenue for April is $72000
The choices are:
A) Food Safety Executives B) National Restaurant Association
<span>C) International Hotel/Motel & Restaurant Show D) Hospitality Design Expo
</span>
The answer is B) National Restaurant Association, it <span>is known and recognized as the largest foodservice trade association in the world that supports thousands of restaurants. NRA has a reputable status in the hospitality industry. The aim is to help empower restaurant entrepreneurs and provide support for its members. </span>
Answer: B. Individual ledger accounts
Explanation:
just took the test
Answer:
Current ratio is 2.5:1
Quick ratio 1.9:1
Explanation:
Current ratio =current assets/current laibilities:1
current assets =cash+marketable securities+accounts receivables+inventory
current assets=$225000+$115,000+$112000+$158,000
current assets =$610,000
current liabilities=accounts payable=$244,000
Current ratio=610000/244000
current ratio=2.5
:1
quick ratio =(current assets-inventory)/current liabilities:1
quick ratio=(610000-158000)/244000
=1.9:1
The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business
Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash
