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Taya2010 [7]
3 years ago
6

Saved Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL ASSE

TS 7,000,000 Current liabilities Acc payable not given Long-term debt 3,500,000 Common stock 560,000 Retained earnings 2,470,000 TOTAL LIAB and EQUITY 7,000,000 Income Statement Sales 14,000,000 Operating expense 11,200,000 EBIT 2,800,000 Interest expense 490,000 EBT 2,310,000 Taxes 924,000 Net income 1,386,000 What is the firm's quick ratio
Business
1 answer:
Troyanec [42]3 years ago
5 0

Answer:

quick ratio = 4.77

Explanation:

quick ratio = (current assets - inventory) / current liabilities

current assets = $910,000 + $1,330,000 + $1,050,000 = $3,290,000

inventory = $1,050,000

current liabilities = $470,000

quick ratio = ($3,290,000 - $1,050,000) / $470,000 = 4.766 ≈ 4.77

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The acceptance ratio express​
arsen [322]

Answer:

what are you asking

Explanation: make the question understandable

3 0
3 years ago
Which of the following manufacturing cost elements occurs in a process cost system? Direct materials. Direct labor. Manufacturin
olga2289 [7]

Answer:

Option D, Direct Materials, Direct Labor, & Manufacturing Overhead

Explanation:

Process costing with in a company is used as a method to assign manufacturing costs to the product units produced which are nearly identical.  

For all items manufactured in a manufacturing firm, some process related cost is common in all cases such as direct material cost, conversion cost, labor cost etc. Also these cost parameters are same from one department to other.

Hence, option D is correct

4 0
3 years ago
Alexander Harrington is a black man with a law degree from one of the top law schools in the country. Under an affirmative actio
Inessa05 [86]

Answer:

a. Alex has a basis for a complaint of discrimination because his assignments can affect his career development and he is being treated differently from others who are similarly situated and not of his race.

Explanation:

Alex has a basis for complaint of race discrimination because he expected the firm to give him more challenging work than other first year associates who have less experience. This shows that he is being treated differently from others, and by not given him a more challenging work by the firm will affect his career development. So Alex basis to file a complaint of race discrimination with the Equal Employment Opportunity Commission was right.  

8 0
4 years ago
Hilda and Hyatt paid $7,875 last year in mortgage interest, $4,200 in principal payments, $1,850 in property tax, $840 in mortga
olga55 [171]

Answer:

Mortgage interest of $7,875 and property taxes of $1,850.

Explanation:

A tax deduction can be defined as the total amount of money that one can deduct to lower their tax liability. More tax deductions always implies a reduced tax liability. In dealing with mortgage payments, tax deductions should be considered carefully to determine how much one tax one needs to pay. The following mortgage expenses are considered for deductions;

1. Mortgage interest

A mortgage interest deduction is a deduction that allows homeowners to subtract the interest on the loan they used to pay for the purchase, improvements or building of a home. In our case, Hilda and Hyatt are liable to a deduction of $7,875.

2. Property tax

In general, state and local property taxes are eligible to be deducted from the federal income taxes of a property owner. The only taxes that are deductible are state, local and foreign taxes levied for public welfare. They do not include services like home renovation and trash collection. The federal tax as of 2018 for property tax was capped at a total of $10,000. This means that any property tax value below $10,000 was eligible to a property tax deduction of that amount.

3 0
3 years ago
According to the U.S. Department of Labor Statistics, in 2009 high school graduates made approximately _____ more a year than th
iragen [17]
<span>According to the U.S. Department of Labor Statistics, in 2009 high school graduates made approximately $ 32,544/Year, <span>whereas</span>,</span><span> those who did not complete high school </span>made approximately $23,664.
Which mean the ones who graduated the high school earned around $10,000 more than the ones without a high school degree.

3 0
3 years ago
Read 2 more answers
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