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Vilka [71]
3 years ago
11

Quick Ratio EVANS and Sons, Inc. Income Statement (in millions)

Business
1 answer:
Arlecino [84]3 years ago
4 0

Answer:

0.3793; 0.3333

Explanation:

Quick ratio for 2018 :

= (Cash + Account receivable) ÷ Current liabilities

= ($300 + $800) ÷ $2,900

= $1,100  ÷ $2,900

= 0.3793

Quick ratio for 2019 :

= (Cash + Account receivable) ÷ Current liabilities

= ($100 + $900) ÷ $3,000

= $1,000  ÷ $3,000

= 0.3333

Therefore, the quick ratio for Evans & Sons, Inc., for 2018 and 2019 are 0.3793 and 0.3333, respectively.

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PLEASE HELP!! NO SPAM!!! I'm literally about to have a mental breakdown because i cant figure these questions out
olga55 [171]

Based on the students who passed, the probability that a random student gets an A in Statistics or Psychology or both is 0.226.

The probability that a random student did not get an A in Psychology is 0.84.

<h3>What are the probabilities of getting an A in psychology?</h3>

In order to find out the probability that a person got an A in either Statistics, Psychology, or both, the formula is:

= Probability of A in Psychology +  Probability of A in Statistics - ( Probability of A in Psychology and Statistics)

= (80 / 500) + (82 / 500) - ( 49 / 500)

= 0.16 + 0.164 - 0.098

= 0.226

The probability of not getting an A in Psychology is:

= 1 -  Probability of A in Psychology

= 1 - (80 / 500)

= 0.84

Find out more on probability at brainly.com/question/25870256.

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2 years ago
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Explanation:

I agree because without profit what's the use of the business

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3 years ago
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Answer:

FOH rate based on direct labor cost is 22.8%.

Explanation:

The computation of the factory overhead rate based on the direct labor cost is as follows:

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