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KengaRu [80]
4 years ago
6

Presented below is information related to Tolbert Company.

Business
1 answer:
Anni [7]4 years ago
6 0

Answer:

Option (c) is correct.

Explanation:

Given that,

Cash = $4,000

Short-term investments = $75,000

Accounts receivable = $61,000

Inventories = $110,000

Prepaid expenses = $30,000

Total current liabilities = $100,000

Current assets:

= Cash + Short-term investments + Accounts receivable

= $4,000  + $75,000  + $61,000

= $140,000

Therefore,

Acid-test ratio:

= Current assets ÷ Current liabilities

= $140,000 ÷ $100,000

= 1.4 to 1

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&Isquo The long coastline of India provides it a strategic location &rsquo. Explan​
Vedmedyk [2.9K]

Answer:

see below

Explanation:

India has the longest coastline connecting it to Europe, Asia, and African countries.  The coastline has helped India establish close contacts with these counties, which has benefited India socially, diplomatically, and economically.

some of the benefits include

1)  Trade - The coastline allows  India to trade with many countries due to its ease of accessibility. Importing and exporting to India is less expensive due to its proximity to the ocean.

2) Boast to tourism - a long coastline serves as a tourist destination.

3) Fishing- The coastline is a big opportunity for the Indian fishing industry.

4) Agriculture -The ocean influences monsoon rainfall to Indian, enabling it to profit from agricultural activities.

6 0
3 years ago
Project managers often confront the challenge of reducing excessive time commitments and overloads among project resources. All
Olegator [25]

Answer:

a.) Require all project resources to work overtime

Explanation:

If a project manager requires all project resources to work overtime, he or she is not reducing overload among project resources, but actually increasing it, with the potential negative implications that his action may entail.

The other three methods or tactics described in the question are conductive to reducing work overload, either by reordering tasks (numerals a and b), or by including more workers in the project (numeral c).

7 0
4 years ago
Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $26
seropon [69]

Answer:

Overhead application rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$266,400</u>

  18,500 hours

= $14.40 per machine hour

Overhead applied

= Overhead application rate x Actual machine hours

= $14.40 x 19,050 hours

= $274,320

Under-applied overhead

= Overhead applied - Actual factory overhead

= $274,320 - $287,920

= $13,600

Explanation:

In this question, there is need to determine the overhead application rate, which is the ratio of budgeted factory overhead to budgeted machine hours. Then, we will calculate the overhead applied, which is overhead application rate multiplied by actual machine hours. Under-applied overhead is the difference between overhead applied and actual factory overhead.                              .

6 0
3 years ago
Brick and carmen are in an auto accident. Brick offers carmen $2,000 if she promises not to pursue her potential legal claim aga
zloy xaker [14]

Answer:

a. ​a release

Explanation:

Based on the scenario being described within the question it can be said that the agreement between Brick and Carmen is known as a release. This is a contract or agreement in which the individual accepting, agrees that they have absolutely no claim against the party that is named in the release. Which in this case would be Brick since he is the one that has offered Carmen $2,000 to not pursue any legal claim against him.

8 0
3 years ago
a woman likes to draw she is very good at but also like photography and she is looking for a stable career which one should she
elena55 [62]
She should do photography.
4 0
3 years ago
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