1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Effectus [21]
3 years ago
9

The quick ratio of a firm with current assets of $300,000, current liabilities of $100,000 and inventory of $100,000 is

Business
1 answer:
butalik [34]3 years ago
7 0

Answer:

2:1

Explanation:

A firm has a current assets of $300,000

A current liabilities of $100,000

An inventory of $100,000

The quick ratio of the firm can be calculated as follows

Quick ratio= Current assets-inventory/Current liabilities

= $300,000-$100,000/$100,000

= $200,000/$100,000

= 2:1

Hence the quick ratio of the firm is 2:1

You might be interested in
Wilson is currently producing a component for one of its products. Wilson has received an offer to buy the component from an out
lorasvet [3.4K]

Answer:

Option B                                      

Explanation:

In simple words, avoidable costs refers to those expenditures which can be avoided by the management of the business if they want to as such expenditures are usually made for additional support.    

Irrelevant costs include factors which will not be impacted by a management action, whether positively or negatively. Consequently, unnecessary factors, such as static overhead as well as sunken factors, are overlooked in making the choice. Nonetheless, in addition to ultimately save the company it is important for a management to be able to discern an insignificant expense.

6 0
3 years ago
The annual percentage rate on a credit card determines
Digiron [165]
My answer -

it determines how much they charge you in interest if you carry a balance. Lower is better. The percentage interest is what they charge you each month, “annual percentage rate” is what you’re paying if you keep that balance for a year. It’s slightly different because in that year, you’re also paying interest on the amount of interest (compound interest) you owe in the previous months.

Not carrying a balance means that you don’t pay interest.


p.s

Let me know if you need anymore help on brainly so I can help you again. Have an AWESOME!!! day :^)


6 0
3 years ago
What is the major difference between the unadjusted trial balance and the adjusted trial balance?
11Alexandr11 [23.1K]

Answer:

The correct answer is Option a. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.

Explanation:

The trial balance is a summary of all the account balances for an organization, usually spooled at the end of the year. The possibility exist that transaction that occurred during the year are not captured, accurately or properly recorded in the books. When the company's financial statements are reviewed at the end of the year, adjustments may be made to the unadjusted trial balance to include transactions previously not recorded, accurately or properly captured in the books of accounts.

The inclusion of these adjustments results in the adjusted trial balance.

Hence Option a which states that the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts is the right option.

5 0
3 years ago
Read 2 more answers
Prepaid expenses require what type of adjusting entry?
AleksAgata [21]

Answer:

MATCHED

Explanation:

TOOK THE TEST

"Expenses should be matched with revenues. A deferred expense or prepayment, prepaid expense, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period."

7 0
2 years ago
In capitalism what does competition do for consumers?
Aleks [24]

D. It keeps prices fair for consumers

3 0
3 years ago
Read 2 more answers
Other questions:
  • 15-10 A firm has 60,000 shares whose current price is $45.90. Those stockholders expect a return of 14%. The firm has a 3-year l
    11·1 answer
  • Mia kaminsky wants to attend riverside community college. she'll need to have $25,000 six years from today. mia is wondering wha
    12·2 answers
  • Can people who disagree about normative ethical theory still reach agreement on practical ethical questions in the business worl
    12·1 answer
  • Erica evans, who takes orders at the local taco bell, argues persuasively in favor of increasing the minimum wage. but this is e
    12·1 answer
  • What e-mail tips will help you write well-organized, carefully composed, and grammatically correct messages? check all that appl
    11·1 answer
  • Which types of teams most are appropriate when the primary goal is innovation and the organization needs flexibility to cope wit
    12·1 answer
  • If getting a college degree is not possible, which of the following would be next best option for starting a career in fashion d
    12·2 answers
  • In France, fine dressmaking and tailoring have been a tradition predating Queen Marie Antoinette. Cloth manufacturers, design sc
    13·1 answer
  • Lion Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 22 years to maturity
    14·1 answer
  • What resource suggests that Tolaram, an Indonesian-based multinational, may have a competitive advantage in formulating and impl
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!