True, but could you elaborate on this ?
Answer:
2.49 times
Explanation:
The computation of the current ratio is shown below:
Current ratio = Total Current assets ÷ total current liabilities
where,
Total Current assets = $147,000
And, the total current liabilities = $59,000
So, the current ratio is
= $147,000 ÷ $59,000
= 2.49 times
By dividing the total current assets by the total current liabilities we can get the current ratio and it always be expressed in a ratio
Answer:B. $700 of new reserves.
Explanation: Reserve ratio is the percentages of bank deposits which commercial banks must keep with them and not lend out, this is done by central bank in order to control inflation, interest rates etc
In ordinary terms reserve ratio is the percentage amount that is kept aside for future endeavours. Reserve ratio is very good to protect an organisation or a country during trying times.
A higher reserve ratio will reduce money lending rate and make commercial banks have less amounts to lend out.
If the reserve ratio is 12.5%, the dollar value of the amount that can be reserved from $5600.
The formula is as follows,the reserve ratio divided by one hundred multiplied by the amount. The reserve in Dollar value will be
Equal to (12.5%/100)*$5600= $700.
Answer:
80 utils
Explanation:
Marginal utility (MU) is the extra or additional utility received from consuming an additional unit of a good.
From the question, we have:
MU from consuming the third unit of Z = Total utility from consuming three units of good Z - Total utility from consuming two units of good Z = 400 - 320 = 80 utils
Therefore, the marginal utility received from consuming the third unit of good Z is 80 utils.
Answer:
Cash balance = $5850
Explanation:
Below is the given values and calculations:
Liabilities = $3350
Equity = $28000
Supplies = 2000
Land = $23500
Cash on the balance sheet can be determined by subtracting the sum of supplies and land from the sum of liability and equity.
Cash balance = (28000 + 3350) - (2000 + 23500)
Cash balance = $5850
