Answer:
0.31; 0.27
Explanation:
Given that,
Total current assets = $867
Inventory = $22
Total current liabilities = $2,778
Current ratio:
= Current assets ÷ Current liabilities
= $867 ÷ $ 2,778
= 0.31
Acid test ratio:
= (Current assets - Inventory) ÷ Current liabilities
= ($867 - $122) ÷ $ 2,778
= $745 ÷ $2,778
= 0.27
Therefore, the current ratio and acid test ratio are 0.31 and 0.27, respectively.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Beginning finished goods inventory= $40,000
During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 40,000 + 280,000 - 42,000
COGS= 278,000
Answer:
E) rebuilding consumer interest in pork
Explanation:
Going by the campaign theme "Pork. The Other White Meat", and looking at the strategy of the campaign which involves providing nutritional information and pork recipes, in order to encourage people to view pork as an alternative to poultry and fish, it is obvious that the function of rebuilding consumer interest in pork is the main goal of the public relations campaign that is championed by the National Pork Board.
Contrary to the general opinion and view held by people against pork, the board is trying to portray "pork" as a good meat and an alternative that people can purchase. The nutritional information and pork recipes that are provided would help in rebuilding the interest of consumers in going for pork as an alternative to poultry and fish.
Answer:
C.
Explanation:
Automatic stabilizers are line items that automatically move the budget balance toward deficit when the output gap is negative and toward surplus when it is positive, even if there are no changes in tax or spending laws.
For example, income tax revenue increase when the economy expands, pushing the balance toward surplus. Or, unemployment benefits increase when the economy is in recession, pushing the balance into deficit.
By adding to aggregate demand during downtums, automatic stabilizers moderate the business cycle.
