Answer:
the value of the quick ratio is 1.11 times
Explanation:
The computation of the value of the quick ratio is shown below:
Quick Ratio = Total Quick Assets ÷ Total current liabilities
= [Cash + Accounts Receivables] ÷ Accounts Payable
= [$145 + $99] ÷ $219
= $244 ÷ $219
= 1.11 Times
Hence, the value of the quick ratio is 1.11 times
Answer:
top-of-mind awareness
Explanation:
the highest level of awareness, occurs when customers mention a specific brand name first when they are asked about a product or service
Answer:
B. 105 days of accrued interest
Explanation:
The purchase on Thursday, October 12th will settle on Monday, October 16th - 2 business days after trade date.
Accrued interest on corporate bonds is based on a 30days per month/360 day year.
And interest starts accruing from the day of the last interest payment, up to, but not including, settlement.
See below for day calculation
July 30 days
August 30 days
September 30 days
October 15 days (up to but excluding settlement)
Total 105 days
Answer:
$160 overapplied
Explanation:
Icy Mocha company estimates it's factory overhead costs to be $35,000 and machine hours to be 5,000 for a period of one year.
The actual number of hours worked on job 333 and 334 equals a total of 4,980
The actual factory overhead costs are $34,700
The first step is to calculate the predetermined overhead rate
= Overhead costs/machine hours
= $35,000/5,000
= $7
The amount of either over or underapplied factory costs can be calculated as follows
= predetermined overhead rate×actual number of hours worked
= $7×4,980
= $34,860
The amount is then subtracted from the actual overhead costs
= $34,700-$34860
= -$160
= $160 overapplied
Hence the amount of overapplied factory overhead is $160
