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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

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Answer:

The correct answer is A) Regular corporation or C corporation

Explanation:

Because Candance and Martha want to sell shares, they have to form a corporation, be it a C Corporation or an S Corporation, however, they also want to avoid double taxation, therefore, they have to form a C Corporation.

A C Corporation or Regular Corporation is taxed on the income it makes, and nothing else, the profit after deducting taxes is not taxed again. A S Corporation, on the other hand, is taxed both on income and profit.

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3 years ago
Which menu area allows you to search for apps by the problem or business process they address?
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The menu area that give room for searching for apps by the problem or business process they address is the Business processes.

Because searching the app, by the problem or business process they address  will require you to use the Business process menu.

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Menu area can be explained as the area that gives the list of the useful items on the apps.

Learn more about menu area at;

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3 years ago
7. The Moroccan monetary authority is using a heavily-managed float to keep the dirham at U.S. $0.12 per dirham. Under current f
myrzilka [38]

Based on the information given, the thing that should be done to keep the exchange rate at $0.12 per dirham is to sell foreign currencies to get more dirham.

It should be noted that since the non-official supply and demand of dirham is pegged at $0.15/ Dirham and the actual rate is $0.12/dirham, it implies that the Dirham is devaluated.

 

The authority will believe that due to devaluation, net export will rise and this will increase the income of the country.

Lastly, the private investors and speculators will not invest because the currency has lost its value compared to the dollars.

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2 years ago
When the middle-level manager of the production department at Wilson Works was laid off, many employees who worked under him bec
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When signing up for a new checking account you answer "No" and opt out of overdraft protection. On this day, you have $10 in you
yarga [219]

The outcome of the transactions is that the individual would be would charged for overdraft fee for more than 1 transaction and the overdrawn amount of $29 would require immediate payment.

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Overdraft protection is a clause in the accounting document which enables the accountholder to make withdrawals in excess of their balance.

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