Answer:
A) Fluctuating market prices of short-term investments may adversely affect the ratio.
Explanation:
The quick ratio (or acid test) measures a company's ability to pay short term liabilities using its liquid assets. usually the best quick ratio is 1, because it means that your liquid current assets cover completely your current liabilities.
There are two formulas to calculate the quick ratio:
- quick ratio = (cash + marketable securities + accounts receivables) / current liabilities
- quick ratio = (current assets - inventory - prepaid expenses) / current liabilities
The quick ratio includes the value of short term investments, and any fluctuation in their price may affect the ratio.
Answer:
Salaries
Explanation:
<em>Overhead</em> includes all types of costs in the income statement except<u><em> direct labor, direct material and direct expenses</em></u>. Therefore slaries are not included in it.
Answer:
c. Marketing myopia
Explanation:
Marketing myopia occurs when a company focuses only on its needs and capabilities and not on the needs of their customers. Obviously, this will result in decreasing sales volumes and lower profits, and could eventually result in a business failure. In this case, Steven doesn't want to realize that VCRs are no longer wanted by consumers (nor DVDs nowadays).
The most likely common of transmission when examining the aids in thailand is heterosexual intercourse. This is where the transmission occurs when the man and woman engage into an unprotected sexual intercourse that causes transmission of sexual fluids, where AIDS can be transmitted.
Answer:
Option (b) $30,000
Explanation:
Data provided in the question:
shares of common stock issued @ $7 per share = 10,000
shares of common stock issued @ $8 per share = 20,000
Net income = $100,000
Dividend paid = $50,000
Number of treasury stocks purchased = 3,000
Price per stock of treasury stocks = $10
Now,
The balance in the Treasury Stock account at the end of 2021
= Number of treasury stocks purchased × Price per stock of treasury stocks
= 3,000 × $10
= $30,000
Hence,
Option (b) $30,000