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tatuchka [14]
3 years ago
5

Presented below is information available for marley company. current assets cash $ 4,000 short-term investments 65,000 accounts

receivable 61,000 inventories 110,000 prepaid expenses 30,000 total current assets $ 270,000 total current liabilities are $100,000. the acid-test ratio for marley is:
Business
1 answer:
choli [55]3 years ago
3 0

<u>Calculation of Acid Test Ratio:</u>

Acid test ratio can be calculated with the help of following formula;

Acid test ratio = (Cash + Short-term investments+ Accounts receivable) / Total current liabilities

= (4000+65000+61000) / 100000

= 1.3

Hence, Acid test ratio is <u>1.3</u>


(Note: We don’t consider inventories and prepaid expenses for the calculation of Acid test ratio because these assets are not quick assets.)







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Match the terms in the left column with their appropriate definition in the right column. PROBLEMS Terms 1. Economic order quant
gogolik [260]

Answer: Please the terms do not match the definitions.

Please see below for the appropriate terms which match the given definitions.

Explanation:

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A purchase order is defined as a contract or agreement between a buyer( buisness or company) and a seller who is usually a vendor to supply goods or services based on aggrement on the specific product or services, specific quantity for a specific price to be paid by the buyer when delivered .

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An imprest Fund is also known as Petty Cash fund which carries a fixed amount used by Buisnesyses to cover small routine expenses and are replaced or replenished to always maintain the fixed amount.

8 0
4 years ago
Derst Inc. sells a particular textbook for $22. Variable expenses are $13 per book. At the current volume of 51,000 books sold p
Solnce55 [7]

Answer:

None of the choice is correct;  The correct answer is $459,000

Explanation:

The company is just breaking even at current volume of 51,000 books sold per year, then its revenue = total cost

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4 0
3 years ago
Marion is making trail mix for a group camping trip. She buys 3 pounds of granola for $3 per pound, and 0. 75 pounds of raisins
s2008m [1.1K]

From the computation, the price of the trail mix will be $10.50.

From the information given, we're informed that Marion buys 3 pounds of granola for $3 per pound, the cost of the granola will be:

= $3 × 3 = $9.

She also buys and 0.75 pounds of raisins for $2 per pound, therefore, the cost of the raisin will be:

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Therefore, the price of the trail mix will be:

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Learn more about price on:

brainly.com/question/25822809

6 0
2 years ago
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Answer:

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Thus, <em>the pumpkins production profits and losses of a farmer are considered as part of the output of an economy</em>.

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4 years ago
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