Answer:
B) 1.20
Explanation:
To find the current ratio we will divide current assets with current liabilities and find the quick ratio we just need to deduct inventory and prepaid expense from current assets in the same current ratio formula.
Data
Current assets = $7,900
Prepaid rent = $898
Inventory = $2,200
Current liabilities = $4,000
Solution
Current ratio = current asset/curremy liability
Current ratio = $7900/$4000
Current ratio = 1.975
Quick ratio = current asset - Inventories -prepaid rent / current liability
Quick ratio=$7,900-$2,200-$898/$4,000
Quick ratio = 1.20
Answer:
B. investment center
Explanation:
Investment center is a business unit which contributes directly to the profitability of company using the capital the company provided.
Therefore, Alejandro is most likely the manager of a investment center.
Answer:
$10,000
Explanation:
Monica has a Roth IRA in which she contributed $15,000
The IRA has a current value of $37,500
Monica is 54 years old
She takes a distribution of $25,000
Therefore, the amount of distribtion that will be taxable can be calculated as follows
Amount of taxable distribution= $25,000-$15,000
= $10,000
Hence the amount of distribution that will be taxable to Monica is $10,000
Answer and Explanation:
According to the given situation, the contingent liability should be probable and estimated so the cost of the warranty i.e. loss contingency would be accrued and the same would be recorded and reported depend upon the predicted amounts
hence, the same would be considered and relevant too
Answer:
$96,914
Explanation:
360‑day borrowing rate in Swiss as given is 5%
rate = 100 + 5 = 105%
Total = 200,000/105% = SF190,476
The spot rate of the Swiss franc is $.48
Therefore SF190,476 = SF190,476 × $.48 = $91,428
360‑day deposit rate in US as given 6%
Total Invest = 6 % of $91,428 + $91,428
= $5485.68 + $91,428 = $96,914
