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Ostrovityanka [42]
4 years ago
13

Casey Corporation reported net income of $96,000, depreciation expense of $3,400, and cash flow from operations of $53,700. Comp

ute the quality of income ratio. What does the ratio tell you about the company’s ability to finance operating and other cash needs from operating cash inflows? (Enter your answer in decimals, not in percentages, rounded to 2 decimal places.)
Business
1 answer:
viktelen [127]4 years ago
5 0

Answer:

The quality of Income ratio is 0.56

Explanation:

Here in this question, we are interested in computing the quality of income ratio

Mathematically;

Quality Income Ratio = Cash flow from Operating Activity/Net Income

= 53,700/96,000 = 0.56

So what does this ratio tell us?

The indication we have from this calculation is that it is the operating activities that is supplying the bulk of the cash needed by the company (0.56 is 56%).

The remaining cash needs of 0.44 or 44% is sourced from other activities of the company and not its operating activities

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All societies face a trade-off between equality and efficiency.If the United States government lowers the income taxes on the we
xenn [34]

Answer: Decrease in efficiency and decrease in equality in the united states.

Explanation: In economics the situation in which one thing cannot be improved without the other thing being hurt is called efficiency. Decreasing tax on wealthy and decreasing welfare payments will both result in decrease in efficiency in the economy as well as decreasing the equality as the wealthy will have more to save and consume and the poor ones living standard will decline further.

4 0
4 years ago
A(n) ________ program includes plans to help employees cope with stress, burnout, substance abuse, health problems, and family i
MrRissso [65]

Answer: Employee assistance program.

Explanation:

Employee assistance programs are programs designed by companies to: counsel, advise, follow up, and assist employees on personal or job related challenges they may be facing. The employee assistance programs are designed to ensure that the employees are in the best state of health in all areas.

3 0
3 years ago
Britney, a manager in an advertising firm, was assigned a team and asked to come up with ideas for an advertising campaign. Brit
Misha Larkins [42]

Answer:

Nominal group technique (NGT)

Explanation:

Based on this scenario, it can be said that Britney used Nominal group technique (NGT) to generate the ideas. This is a structured method used for group brainstorming, which encourages full contribution from all members of the group and focuses on quick agreements on the issues/problems at hand, thus leading to faster solutions to those problems, and allows those ideas to come to fruition at a much faster and efficient pace.

8 0
3 years ago
Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He o
Novosadov [1.4K]

Answer:

Store of value.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.

In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.

5 0
3 years ago
Which of the following organizations does notfollow the AICPA's Not-for-Profit Guide?
eimsori [14]

Answer: City Libraries

Explanation;

The American Institute of CPAs Not-for-Profit Guide is meant to help Not-for-Profit organizations prepare their financial statements in such a way that they can incorporate the unique aspects of their organization.

Not-for-Profit organizations are private in nature so this guide is mostly for private organizations. City Libraries on the other hand are Government owned and as such will use Government type accounting methods not the AICPA's Not-for-Profit Guide.

7 0
3 years ago
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