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bekas [8.4K]
3 years ago
13

Jill’s business has current assets of $50,000 and current liabilities of $25,000. Which statement is true about the company’s cu

rrent ratio? The ratio is $25,000 and is not acceptable for most industries. The ratio is 50% and is acceptable for most industries. The ratio is 2 and is acceptable for most industries. Current ratio can not be determined from the information given.
Business
1 answer:
matrenka [14]3 years ago
3 0

Answer:

The ratio is 2 and is acceptable for most industries  is true about the company’s current ratio.

Explanation:

Current Ratio shows the relationship between currents assets and current liabilities. It is a type of liquidity ratio which is required to meet short term liabilities. The current assets includes stock, debtors, cash whereas current liabilities include bills payable, creditors, etc. Both current assets and current liabilities have a life of less than one year. The formula to compute current ratio is given below:

Current Ratio = Current Assets ÷ Current Liabilities

The Current Assets is $50,000 whereas current liabilities of $25,000

So,

The current ratio = $50,000 ÷ $25,000 = 2 times

The current ratio is always shown in times only.

Thus, The ratio is 2 and is acceptable for most industries is true about the company’s current ratio and other statements are false.

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Explanation:

Autonomy -

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Hence , from the options given in the question ,

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3 years ago
Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on the 1 st
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<u>Option: C</u>

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If a substantive violation has occurred, the aggrieved party is therefore deprived of a contractual duty to further results. Here the Kids' Corner toy store ordered a supply of stuffed toys from Toyland Inc. but received order in delay date, which is considered as material breach due to late delivery of expected material.

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Explanation:

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3 years ago
As observed by robert e. kelley, _____ is an essential quality of effective followers.
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As observed by robert e. kelley, Substitutes for leadershipis an essential quality of effective followers.

<h3>What is leadershipis ?</h3>

The ability of a person, group, or organization to "lead," influence, or direct other people, groups, or entire organizations is referred to as leadership, both as a field of study and as a practical talent. The term "leadership" is frequently seen as a contentious one. The subject is debated in specialized literature from numerous points of view, occasionally contrasting Eastern and Western leadership styles as well as (within the West) North American versus European styles.

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I believe the answer is B. False
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3 years ago
Read 2 more answers
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