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Ganezh [65]
3 years ago
10

Current ratio of 3.4 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, acc

ounts receivable, and inventories. Inventory equals $18,000. Seabury Corporation's current liabilities must be_____________.
Business
1 answer:
Sav [38]3 years ago
7 0

Answer:

$30,000

Explanation:

The computation is shown below:

As we know that

Current ratio = Current assets ÷ Current liabilities

Current assets = 3.4 × Current liabilities

Now the

Acid-test ratio = Quick assets ÷ Current liabilities

2.8 = Currents assets - inventory  ÷ Current liabilities

2.8 = 3.4 × Current liabilities - $18,000 ÷ Current liabilities

2.8 × Current liabilities = 3.4 × Current liabilities - $18,000

After solving this, the current liabilities is $30,000

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nexus9112 [7]

The correct answer in the space provided is the total quality management. The total quality management is where it is responsible for causing an improvement in regards of improving the ability of an organization or group in a way of delivering their services or products to their consumers.

5 0
3 years ago
Fill in the blanks
ELEN [110]

Answer:

  • Management
  • Owners
  • External stakeholders  

Explanation:

  • Management of the business is responsible for taking care of the performance of the business and comparing the present status of the business with the previous status, and sometimes with its competitors.
  • Owners of the business are the persons who are responsible for creating budgets and make various business-related decisions. These are done with the use of accounting information.
  • External stakeholders or shareholders are interested in buying shares of the company. They make their investment decisions by analyzing the various positions of the company after going through accounting information.
7 0
3 years ago
Which most likely occurs because resources are nonrenewable and because wants and needs are unlimited?
Wittaler [7]

Answer: b). Scarcity

Explanation:

Scarcity refers to the relative shortage of resources in comparison to human wants.

Non-renewable resources refer to the resources which do not renew itself at a sustainable rate and have the risk of depletion. In addition to this, human wants are unlimited, a normal human being wants more and more of everything.

When non-renewable resources and unlimited wants are combined together they lead to the shortage of resources, which lead to its <em>scarcity</em>.  

8 0
3 years ago
Read 2 more answers
Consider two communities. In Mill Town, two families earn $10000 each, six families earn $75,000 each, and two earn $80,000 each
Nezavi [6.7K]

Answer:

a. The income inequality ratio in Mill Town is 14.06%.

b. The income inequality ratio in Pasture Town is 11.77%

c. Mill Town therefore has the more unequal distribution of income

Explanation:

Note: Kindly see the attached file for the calculation of the standard deviation and the mean.

The income equality can be determined using the Coefficient of variation (CV) for stated as follows:

IE = SD ÷ Mean ........................................... (1)

Where,

IE = Income inequality

SD = Standard deviation

In more equal societies, IE will be smaller.

We can therefore proceed as follows:

a. What is the income inequality ratio in Mill Town?

SD = 8,857

Mean = 63,000

IE = 8,857 ÷ 63,000  = 0.1406, or 14.06%

b. What is the income inequality ratio in Pasture Town?

SD = 8,353

Mean = 71,000

IE = 8,353 ÷ 71,000  = 0.1177, or 11.77%

c. Which community has the more unequal distribution of income?

Since the 14.06% income inequality ratio of Mill Town is higher than 11.77%  income inequality of Pasture Town, Mill Town therefore has the more unequal distribution of income.

Download xlsx
4 0
3 years ago
State whether the following sentences are true or false regarding the nature of fiduciary-type funds and the accounting measurem
geniusboy [140]

Answer:

a. Governments may access the resources of fiduciary funds to help support their own programs.

True

b. When a government sponsors an Investment Trust Fund, the portion that belongs to other governments is reported as assets of the Fund, but the portion belonging to the sponsoring government is not.

True

c. The statement of net position for a typical Agency Fund shows assets and liabilities, but no fund balance.

True

d. When reporting on the resources of Pension Trust Funds, equity securities held by the Funds are reported at original cost.

True

Explanation:

7 0
3 years ago
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