Answer:
Current ratio = 0.33 times
Acid test ratio = 0.29 times
Explanation:
• Current ratio
Current ratio = Total current assets ÷ Total current liabilities
= $875 ÷ $2,638
= 0.33 times
• Acid test ratio
Acid test ratio = Quick assets ÷ total current liabilities
Where,
Quick assets = Total current assets - Inventory
= $875 - $116
= $759
Recall total current liabilities = $2,638
Therefore,
Acid test ratio = $759 ÷ $2,638
Acid test ratio = 0.29 times
Answer:
C. Debit Work in Process—Dept. B; credit Finished Goods—Dept. A
Explanation:
It is known that during continuous production, businesses find it difficult to isolate each individual unit and calculate a cost. Process costing systems accumulate the materials, labor and overhead costs for the period along with the total number of units produced. The total number of units produced includes both completed units and partially completed units. The company determines the percentage of completion for each partially completed unit and adds these amounts to the total number of completed units to determine the equivalent units.
Answer:
this is the community his work about the system so he cannot ans this question sorry
Answer:
B. 75%.
Explanation:
The formula to compute the long-term debt to equity ratio is shown below:
= (Long term debt) ÷ (total shareholder equity) × 100
= ($360 ÷ $480) × 100
= 75%
All other information which is given in the question is not consider for the computation part. Hence, ignored it
We simply divide the long term debt with the total shareholder equity to find out the ratio between them
Answer:
B. inconsistent
Explanation:
Marketing mix refers to a blend of those key marketing facets which increase consumer purchases.
Marketing mix is often emphasized by it's 4 P's i.e Product, Price, Place and Promotion.
Product is a bundle of attributes and utilities, price refers to the consideration received or receivable, promotion refers to sales promotion and advertisement channels while place refers to delivery or location where the buyer gets the product.
In case of a service, which is intangible unlike a product, it's quality and delivery is dependent upon it's provider. And since no two individuals can render exactly the same kind of service, owing to varied individual capabilities, the quality of a service is usually inconsistent or say unequal.
