1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sladkih [1.3K]
4 years ago
9

Duke’s Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value o

f the quick ratio? Select one: a. 2.25 b. .53 c. .71 d. .89 e. 1.35
Business
1 answer:
zhannawk [14.2K]4 years ago
7 0

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Cash (assets) = $68

Accounts receivables ( assets ) = $142

accounts payable ( liabilities)  = $235

Inventory = $318

So, we can calculate quick ratio by using following formula:

Quick ratio = Assets / Liabilities

= $68 + $ 142 / $235

= $210 / $235

= 0.89

Hence, the value of quick ratio is 0.89.

You might be interested in
Which of the following airlines does NOT employ a low-cost provider strategy? Airline 1 offers low prices on short-distance flig
Rainbow [258]

Answer:

Airline 2 offers low prices on long-distance flights and has long service times for its planes between flights.

Explanation:

Low Cost providing strategy is the strategy in which the services are provided at a lower cost and but the quality of service is acceptable, and is in fact good.

Where the price along with quality is decreased the low cost strategy is not followed.

As in the case of Airline 2 the cost is decreased for passengers and at the same time the service is also decreased.

As there is a long gap of time in between the flights.

3 0
4 years ago
The ability to attract and manage _________may be the most important skill a strategic leader must have.
Mars2501 [29]

Answer:

Human Capital

Explanation:

A leader must be able to control a team (human capital), lead it, and push them to obtain the results needed.

6 0
2 years ago
Selling similar merchandise at a price above the competition is done with the hope of selling greater quantities of the merchand
irina [24]

Answer:

False

Explanation:

In order to attract more customers to your store and sell larger quantitative, you must sell at a price below the competition, not above.

Rational customers should purchase at the lowest possible price, that is the basic concept behind the law of supply and demand. A lower price should result in a higher quantity demanded.  

3 0
3 years ago
When a sales contract is missing terms on when a payment is due, and if the involved parties have not had an established course
Gemiola [76]

Answer:

False

Explanation:

The provision of the Uniform Commercial Code as amended is that any missing terms such as price, quantity,location and expected time of delivery as well as payment terms  can be added to the contract later on with consent of all parties involved or provided in compliance with other commercial codes.

In other words,the fact that payment should be made within seven working days when payment terms are missing is alien to Uniform Commercial Code.

The answer, therefore is false.

7 0
3 years ago
What does contingent mean on a real estate listing
agasfer [191]

Answer:

Contingent means "depending on certain circumstances." If a house is listed as contingent in real estate it means that an offer has been made and accepted, but before the deal is complete some additional criteria must be met.

Explanation:

Hope this helps! (I just looked it up) Good luck!!

4 0
2 years ago
Other questions:
  • 11. In the first quarter of 2010, U.S. advertisers spent $5.9 billion on online advertising. In the first quarter of 2011, they
    5·1 answer
  • When a municipal dealer gives a customer a "bond appraisal," he is disclosing:_________.
    12·1 answer
  • Nathan owns a quick-lube oil service station. He wants to understand whether his customers are sensitive to price and if he shou
    8·1 answer
  • Aunt​ Emily's Food Products is famous for its frosted fruit cake. The main ingredient of the cake is dried​ fruit, which Aunt​ E
    9·1 answer
  • Kenneth, the plant manager, was talking with another manager about Brendan, the lead engineer in the corporate R & D departm
    14·1 answer
  • Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career e
    8·2 answers
  • Which form of transportation is the dominant form of domestic transportation?
    15·1 answer
  • Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he i
    6·1 answer
  • PLEASE HELP ASAP!!! (There are 5 questions)
    14·1 answer
  • Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!