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Gwar [14]
3 years ago
14

Jones corp. reported current assets of $187,000 and current liabilities of $132,000 on its most recent balance sheet. the curren

t assets consisted of $63,200 cash; $44,800 accounts receivable; and $79,000 of inventory. the acid-test (quick) ratio is:
Business
1 answer:
Lemur [1.5K]3 years ago
8 0

Hello!

acid-test (quick) ratio=(Cash+short term investments+accounts receivable)÷current liabilities

acid-test (quick) ratio is
(63,200+44,800)÷132,000=0.8182

0.8182×100=81.82%

Good luck!

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When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and h
lions [1.4K]

Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.

<u>Explanation:</u>

Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.

Today the popular distribution channels among businesses include:

  • retailers,
  • wholesalers,
  • distributors,
  • the Internet.

Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.

6 0
3 years ago
Market Corporation owns​ 100% of Subsidiary​ Corporation's stock. Market Corporation completely liquidates Subsidiary​ Corporati
ella [17]

Answer:

c. $500,000.

Explanation:

Market Corporation has a basis in the land of $500,000.

We are told in the question that ''Market Corporation completely liquidates Subsidiary​ Corporation, receiving land with a​ $400,000 adjusted basis and a​ $500,000 Fair Market Value''

In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.

3 0
3 years ago
The Rivoli Company has no debt outstanding, and its financial position is given by the following data:
anzhelika [568]

Answer:

Intrinsic value is $45

Explanation:

The starting point to determining Rivoli Company intrinsic value is to compute the earning after tax as shown below:

Earnings after tax=earning before tax*(1-tax rate)

earnings before tax is $600,000

tax rate

earnings after tax=$600,000*(1-0.25)

                               =$600,000*0.75

                               =$450,000

Then we need to compute earnings per share;

Earnings per shares=earnings after tax/weighted average number of shares

                                 =$450,000/100,000

                                =$4.5

Intrinsic value=earnings per share/cost of equity

  cost of equity is 10%

intrinsic value=$4.5/10%

                      =$45

7 0
3 years ago
Privatisation refers to .... 
Nana76 [90]

Answer:

B)Transfer of assets from public to private

Explanation:

the government no longer owns the asset and it is traded to the private sector or when the company is taken over by a few people.

8 0
3 years ago
Armstrong Corporation manufactures bicycle parts. The company currently has a $18,500 inventory of parts that have become obsole
MaRussiya [10]

Explanation:

There are two alternatives

1. Sold for $6,300

The inventory parts should be sold for $6,300 as the current inventory parts are not relevant as it is a sunk cost i.e $18,500

2. Repair and after that sale it

Now in this case, we have to determine the benefit generated i.e come from

= Sale value - repairing cost

= $19,700 - $9,100

= $10,600

As we can see that the alternative 2 generated higher benefit as compare to the alternative 1 so it would be more beneficial for the company

3 0
3 years ago
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