Answer:
short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash
Explanation:
A liquidity ratio can be regarded as type of financial ratio which is been utilized in determination of a ability of a company to pay out its short-term debt obligations. The metric is way to determine if there is a possibility for company to use its current as well as liquid and assets to cover up for its current liabilities.
It should be noted that A liquidity ratio measures short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
Answer:
The quantity variance = -900 unfavorable
Explanation:
Direct materials flexibel - budget variance:
standard
0.7 pounds $30 per pound
3,000 x 0.7 = 2,100 standard pounds
actual
2,400 pound $29 per pound
quantity variance:
30(2,100 - 2,400) = -900
Answer:
We will get $7680(thousands)
Explanation:
Answer
If we read the given data values in the passage, it is clear that the mean annual number of smart little cars in china is 7500 and the variance is equal to 6400
The variance is given for the number of cars, but not for the profit.
So, we need to convert the numerical value(number of cars) to money value(profit)
it is given that net revenue per car is $1.2 (thousands)
So, multiplying the net revenue by number of cars
we get, variance in profit = 6400*1.2 = $7680 (thousands)
Answer: Crater will be bound because of Borg's apparent authority.
Explanation:
Crater Corp. will be bound to the contract since Bo Borg has the apparent authority as the acting Vice President of purchasing. Even though he went over the agreed amount that was over 2 million in the contract. Since the Shady company was unaware that he had exceeded his authority the contract will stay in place. If Shady company had of known that he did not have the final say and needed approval the result of the transaction would of been different.
