Answer:
Letter B. real income and employment.
Explanation:
Economic cycles describe the fluctuations that occur in income and employment in the economic system. This cycle may be one of expansion, a lasting movement of real income and employment growth, or it may be of recession, where the economic economy presents a significant and widespread decline in real income and employment. For example, the 2008 crisis has caused recession in many countries, leading to a fall in real income and employment.
Answer:Net Income/ loss= -$37,100
Raine's operating cash flow= $174,000
Explanation:
Net income/loss for Raines Umbrella Corp In 2018
Sales $715,000
less: Cost of goods sold -$446,000
Administrative and Selling expenses -$95,000
Depreciation -$140,500
EBIT $33,500
less: Interest $ 70,600
Net loss -$37,100
B) Raine's operating cash flow:
= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes
= $33,500 + $140,500 - $0
= $174,000
Answer:
The quick ratio can be worked out as below;
Explanation:
Quick ratio=Current Assets excluding inventory stocks/Current liabilities
Current Assets=210+800
Current liabilities=$1,260
Quick Ratio =($210+4800)/$1,260
Quick Ratio=1.25
