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s2008m [1.1K]
3 years ago
14

Which of the following is a good rule to follow when using business cards

Business
1 answer:
ivolga24 [154]3 years ago
4 0
It would be all of the above. I have this class so i know that's the answer
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Act II Costumes currently has $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. The company also has
Len [333]

Answer:

Quick ratio = Current assets - Inventory/Current liabilities

= $480,000 - $340,000/$40,000

= 3.5

Current assets = $120,000 + $340,000 + $20,000 = $480,000

Current liabilities = $20,000 + $20,000 = $40,000

Explanation:

Explanation: Quick ratio is the ratio of liquid assets to current liabilities. Liquid assets are current assets less inventory. Liquid assets amounted to $140,000 while current liabilities are $40,000. The division of liquid assets by current liabilities gives quick ratio.                                                                                                                      

5 0
3 years ago
Required information
Triss [41]

Answer:

1. Ending inventory = $3519

2. Cost of Goods Sold = $21030

3. Sales Revenue = $27279

4. Gross Profit = $6249

Explanation:

FIFO method of inventory valuation is whereby the stock that first comes into the business, leaves first. This is common in perishable inventory such as vegetables or fruits.

Jan 1. Beginning inventory: 53 units x $45 = $2385

Total

53 units x $45 = $2385

Apr 7. Purchase 133 units x $47 = $6251

Total

53 units x $45 = $2385

133 units x $47 = $6251

Jul 16. Purchase 203 units x $50 = $10150

Total

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

Oct 6. Purchase 113 units x $51 = $5763

53 units x $45 = $2385

133 units x $47 = $6251

203 units x $50 = $10150

113 units x $51 = $5763

1. Ending inventory = 502 - 433 = 69 hence,

69 units x $51 = $3519

2. Cost of Goods Sold =

[$2385 + $6251 + $10150 + (44 units x $51)] = $21030

OR $24549 - 3519 = $21030

3. Sales Revenue =

433 units x $63 = $27279

4. Gross Profit = Sales Revenue - Cost of Goods Sold hence,

$27279 - 21030 = $6249

4 0
3 years ago
Suppose you transfer $500 from your checking account to your savings account. With this transaction, M1 _________ and M2________
Luba_88 [7]
Decreased; stayed the same
4 0
2 years ago
Holding other things constant, an increase in the inflation rate in the US compared to China may cause the demand for dollar to
Oliga [24]
Increase and increase. If it’s wrong please let me know!
6 0
3 years ago
The following accounts appear in an adjusted trial balance of Bridgewater Consulting. Indicate whether each account would be rep
igomit [66]

Answer:

Explanation:

1. Accounts Payable - Current liabilities in liabilities side

2. Accounts Receivable - Current asset in assets side

3. Accumulated Depreciation—Building - Property, plant, and equipment in assets side

4. Cash - Current asset in assets side

5. Common Stock -  stockholders' equity

6. Note Payable (due in ten years) - Long-term liability in liabilities side

7. Supplies - Current asset in asset side

8. Wages Payable - Current liabilities in liabilities side

5 0
3 years ago
Read 2 more answers
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