Answer:
2.7:1
Explanation:
Calculation to determine what The current ratio for 2012 is
Using this formula
The current ratio for 2012= Current assets/Current liabilities
Let plug in the formula
Current ratio for 2012= ($81,000/$30,000)
Current ratio for 2012=2.7:1
Therefore The current ratio for 2012 is 2.7:1
Answer:
The answer is consumer's surplus
Explanation:
Consumer's surplus is the difference between what the consumer or buyer is willing to pay and the amount he or she eventually paid.
For example, Mr A is willing to pay $100 for a product and the producer is willing to sell for $90. After much negotiation between mr A and the seller, he eventually paid $85. What he paid was lower than what he was willing to pay before.
So the consumer surplus is $100 - $85 = $15
<span>You would look at the different costs on the industry report. This can tel you a lot. Averages are when you take a sum of all of the different areas and then divide that by how many areas there were. This lets you know roughly how the industry is doing.</span>
