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sladkih [1.3K]
3 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]3 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.

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A company borrows $25 000 to buy new equipment. The loan is to be repaid in five equal annual payments. If the interest rate is1
REY [17]

Answer:

Each payment is of $6595

Explanation:

Amount borrowed by company= $25000

No. of installments = 5

Interest rate = 10%

We are supposed to find how much are each of the payments

Formula : Amount =I (\frac{1-\frac{1}{(1+r)^n}}{r})

I = installment

r = rate of interest

n = No. of installments

So, 25000 =I (\frac{1-\frac{1}{(1+0.1)^5}}{0.1})\\\frac{25000}{(\frac{1-\frac{1}{(1+0.1)^5}}{0.1})}=I\\6594.93=I

So, Each payment is of $6595

7 0
3 years ago
The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was
belka [17]

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

Learn more: brainly.com/question/17329408

5 0
2 years ago
A business school with plenty of classroom space that hires adjunct faculty for a semester to meet unusually high student demand
Naily [24]

Answer:

True

Explanation:

Given that a bottleneck is a term often used in business or any operational situation to describe the situation whereby there is overcrowding at a particular point in time of operation.

And to elevate bottleneck means to solve the issue of bottleneck by making it a priority. This can be done in many ways, one of which is to improve the workspace or make arrangements for additional space or machines.

Hence, it is TRUE that A business school with plenty of classroom space that hires adjunct faculty for a semester to meet unusually high student demand for courses is an example of elevating a bottleneck.

8 0
3 years ago
reventive action ____________. a. realigns the performance of the project work with the project management plan b. seeks to ensu
torisob [31]

Answer:

The correct answer is letter "B": seeks to ensure the future performance of the project work is aligned with the project management plan.

Explanation:

Preventive actions are defined as those that aim to mitigate risks inherent in the operations of a business. Preventive actions lead to entities creating contingency plans that allow them to have certain strategies in front of unexpected situations that could harm the firm's operations.

<em>The project risk management plan is the reference that prevention actions take at the moment of recognizing the set of activities that should be followed to ensure the optimal future performance of a project.</em>

8 0
3 years ago
Josh and Pam have bought an older home that needs some repair. After budgeting a total of $1685 for home improvements, they star
Viefleur [7K]

Answer:

$210

Explanation:

Given:

Total budget = $1,685

Amount spent on small improvements = $425

The budget left after spending on small improvements

= Total budget - Amount spent on small improvements

= $1,685 - $425

= $1,260

Now,

the budget left is the maximum budget for the all 6 interior doors

Thus,

6 × max budget for single door = $1,260

or

Max budget for single door = $210

6 0
3 years ago
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