Answer and Explanation:
The computation is shown below:
It is given that Ramon would completed an essay question in approx 15 minutes and for graphing question it finished approx 30 minutes
On the other hand Sammy would completed an essay question in approx 20 minutes and for graphing question it finished approx 35 minutes
a) Ramon's opportunity cost of completing an essay question is
= 15 ÷30
= 0.5 graphing question
b) Ramon's opportunity cost of completing a graphing question is
= 30 ÷ 15
= 2 essay question
c) Sammy's opportunity cost of completing an essay question is
= 20 ÷ 35
= 0.57 graphing question
d) Sammy's opportunity cost of completing a graphing question is
= 35 ÷ 20
= 1.75 essay question
Answer:
1) Prompt Submission of invoice
2) Removal of unnecessary assets
3) Bargain for a longer payment period
Explanation:
Current ratio measures the capability of a business or organisation to meet up to its short-term obligations that are due within a period of one year.
Conditions in which a company can increase its current ratio at the end of their accounting period include:
A) Prompt invoice submission:
Invoice should be submitted early to the customers. The more your accounts receivables increase and the quicker money is derived from your sales,the better your current ratio be and you will have much more money.
B) Removal of unnecessary assets:
All business has unproductive assets. Resources that are just lying there and wasting,resources that is not earning anything. It is advisable to dispose them off since they are not adding to your income.
C) Bargain for longer payment period:
Try and negotiate for a longer payment periods with your vendors and ask if you can be given discounts.
The size and the people in the group and how compatable they are.
Im Pretty sure the Correct answer to this Question is C Market Economy
I Hope this Help
-Dante