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Firdavs [7]
3 years ago
8

Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets $ 126,000

Investments 57,800 Plant assets 380,000 Current liabilities 52,000 Long-term liabilities 103,000 Retained earnings 408,800
Business
1 answer:
Free_Kalibri [48]3 years ago
3 0

Answer:

2.42

Explanation:

The current ratio is a type of liquidity ratio. Liquidity ratios calculate the ability of a firm to meet its short term obligations

Current ratio = current assets / current liabilities = $ 126,000 / $52,000 = 2.42

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3 years ago
Katherine gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's marke
katrin2010 [14]

Answer:

The accounting profits are $100, and the economic profits are $25

The option C. is correct

Explanation:

Accounting profit: The accounting profit is computed by subtracting the sales amount with the expenses.

In mathematically,

Accounting profit = Sales revenue - expenses

                             = $150 - $50

                             = $100

In this, the expense is the seeds cost

And, the economic profit is calculated by subtracting the accounting profit with the implicit cost

In mathematically,

Economic profit = Accounting profit - implicit cost

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The implicit cost is computed by

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7 0
3 years ago
Cayuga Hardwoods produces handcrafted jewelry boxes. A standard-size box requires 8 board feet of hardwood in the finished produ
cupoosta [38]

Answer:

$44 per case.

Explanation:

If  A standard-size box requires 8 board feet of hardwood in the finished product. In addition, 2 board feet of scrap lumber are normally left from the production of one box. Hardwood costs $4.00 per board foot, plus $1.50 in transportation charges per board foot.

Then, To calculate the standard cost of direct materials for the jewelry box, we multiply the direct materials standard price of $4.00 (plus the transportation costs of 1.50 per board foot) by the direct materials standard quantity of 8 feet (8 board feet of hardwood in the finished product) per unit.

The result is a standard direct materials cost of $44 per case.

8 0
3 years ago
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Answer:

e. Portfolio P has the same required return as the market (rM).

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The answer is e.  Portfolio P has the same required return as the market (rM).

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From the information above , the required return on the portfolio = risk free rate + beta * (Expected market return - risk free rate) = risk free rate + 1 * (Expected market return - risk free rate) = Expected market return.

6 0
3 years ago
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