Answer: 1.27
Explanation:
The acid test ratio of a company measure how well a company would be able to pay off its current liabilities using its most liquid current assets (current assets less inventory).
= (Cash + Accounts Receivable) / Current liabilities
= (40,000 + 55,000) / 75,000
= 95,000 / 75,000
= 1.27
Answer: C.) Horizontal sum of all the individual firm's supply curve
Explanation: A perfectly competitive market, is that in which sellers or suppliers of a certain product are numerous such that a slight increase in price, and demand could fall to 0. Here, an individual seller has no control over the price of commodities. The supply curve tells how much quantity will be produced at different prices. Therefore the market supply curve is determined by all individual sellers individual price in other to determine the overall quantity to be produced at varying market price. Prices are drawn horizontally from the y-axis to determine quantity produced at different prices for each indivudual seller which is summed to generate the market supply curve.
Explanation:
CEO of a local alternative energy company is engaged in the process of developing a list of questions that will be used to evaluate her company's internal situation. An internal analysis looks at the factors that are within the organization such as the strengths and weaknesses of the organization. Some typical areas that are considered during the internal analysis are the financial resources like the funding and investment opportunities, physical resources like the company's location, facilities and equipment, and the human resources like the employees, and the target audiences. In the options given above, every option tackles the company's internal situation except for "Is our company competitively stronger or weaker than key rivals?" This question is not meant to assess the internal situation of the company as the question is evaluating the competition involved in the business while comparing other companies to Angie's comoanv.
The answer to this question is: Risk
In most cases, something that give the potential reward of time, money, and reputation will also possess the risk of losing that same thing at the same degree. This principle will often used by investors to choose which portofolio that they want to pursue with their capital.
Answer:
The correct answer is a) Physical space for the gallery.
Explanation:
<u>Variable costs</u> fluctuate according on the production of goods of a company, while <u>fixed costs</u> stay the same regardless of the production output. Reviewing all the options:
- Wages paid to three part-time employees <u>vary</u> depending on the amount of hours they work.
- Accountant's fees for preparing tax returns <u>vary</u> depending on the time spent preparing the records.
- The costs of purchasing art work to sell in the gallery <u>vary</u> depending on the amount of art purchased and its value.
That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.
