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bazaltina [42]
2 years ago
7

Trumbeak Inc., an electronics company, needs to pay its debt to Breston Bank the following year. Trumbeak Inc. sells half of its

shares to other companies and is able to acquire the cash it needs to pay its debt. In this scenario, Trumbeak Inc.'s ability to sell its shares to other companies in order to pay its debt to Breston Bank is measured by calculating _____.
Business
2 answers:
Vladimir79 [104]2 years ago
8 0

Answer: . liquidity ratios

Explanation:

Liquidity ratios : These are the ratios that measure the capability of a company to meet its short term debt commitments .They show the number of times the short term debt obligations are covered by the cash and liquid assets. The following are examples of liquidity ratios

a) current ratio

b) cash ratio

c) quick ratio

d) working capital ratio .

Current ratio : This ratio juxtapose current assets to current liabilities.

Cash ratio : This ratio juxtapose just cash and investments which are readily convertible to current liabilities.

Viefleur [7K]2 years ago
7 0

Answer:

Answer is liquidity ratios. Therefore,

Trumbeak Inc., an electronics company, needs to pay its debt to Breston Bank the following year. Trumbeak Inc. sells half of its shares to other companies and is able to acquire the cash it needs to pay its debt. In this scenario, Trumbeak Inc.'s ability to sell its shares to other companies in order to pay its debt to Breston Bank is measured by calculating liquidity ratios.

Refer below for the explanation.

Explanation:

Liquidity ratios are the ratios defining the ability of the firm to pay short term obligations.

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g A monopolist is considering third degree price discrimination. It estimates that the inverse demand curves of its two potentia
Gnom [1K]
If i know what source i will answer from, i will gladly help
4 0
2 years ago
Constable Co. reported the following information at December 31, Year 1: Accounts Payable $ 4,620 Accounts Receivable 9,470 Cash
avanturin [10]

Answer:

The total of the credit balance accounts is $117,260

Explanation:

In the classified balance sheet, we summarize the asset and liabilities into various types

Like assets are divided into fixed assets, current assets, and intangible assets.

Likewise, liabilities are also divided into current liabilities, long term liabilities

In every balance sheet, the accounting equation has used that means

Total assets = Total liabilities + Shareholder equity

The total assets have the debit balances whereas the total liabilities and the shareholder equity have the credit balances

So, The computation is shown below:

= Accounts Payable + Common Stock + Notes Payable  + Retained Earnings + Wages Payable

= $4,620 + $91,200 + $2,620 + $14,210 + $4,610

= $117,260

6 0
2 years ago
Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met
Tamiku [17]

Answer:

The computation is shown below:-

Explanation:

1.                     FIFO    LIFO Average cost  

Cost of goods sold      

Beginning inventory       $11,200      $11,200  $11,200

(400 units ×  $28))                          

purchases                       $16,625    $16,625   $16,625

(475 units × 35)                  

Goods available for use $27,825    $27,825   $27,825  

Ending inventory             $18,025    $15,575    $16,695

(525 units)  

Cost of goods sold          $9,800    $12,250    $11,130  

under ending inventory = 475 × $35 + 50 × $28    

FIFO = $18,025  

LIFO ending inventory 400 × $28 + 125 × $35

= $15,575  

Average cost = $27,825 ÷ $875    

= 31.8      

Ending inventory = 525 × 31.8

= $16,695

2.                                  FIFO            LIFO         Average

Sales

(307 × $50)                $15,350         $15,350    $15,350

Cost of goods sold     $9,800    $12,250    $11,130

Gross Profit                 $5,550           $3,100      $4,220

Expenses                     $1,680           $1,680      $1,680

Net income                  $3,870           $1,420       $2,540

3. FIFO = 3

LIFO = 2

Average = 1

5 0
3 years ago
The Equal Employment Opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission, an agency created by the
PilotLPTM [1.2K]

The equal opportunity Act of 1972 strengthened the Equal Employment Opportunity Commission by

  • issuing guidelines for employer conduct.
  • mandating specific record keeping procedures.

<h3>What is the Equal Employment Opportunity Act?</h3>

This is the act of the government that helps to ensure that all employers treat people of the US in all befitting ways regardless of their genders, race and skin.

The act talked against discrimination, it upheld compensation and the work condition of employees.

Read more on Equal Employment Opportunity Act brainly.com/question/14774625

#SPJ1

4 0
2 years ago
A branch of accounting that generates reports and information for the use of internal management for decision making purpose is
earnstyle [38]

Answer:

financial accounting and management accounting

8 0
3 years ago
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