Answer:
Current ratio = 0.33 times
Acid test ratio = 0.29 times
Explanation:
• Current ratio
Current ratio = Total current assets ÷ Total current liabilities
= $875 ÷ $2,638
= 0.33 times
• Acid test ratio
Acid test ratio = Quick assets ÷ total current liabilities
Where,
Quick assets = Total current assets - Inventory
= $875 - $116
= $759
Recall total current liabilities = $2,638
Therefore,
Acid test ratio = $759 ÷ $2,638
Acid test ratio = 0.29 times
Answer:
A) sample size = 23.475 ≈ 23
B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required
Explanation:
Data given
AQL = 20%, = 0.2
LTPD = 52% = 0.52
Assuming consumer risk acceptable by company = 10%
producer risk = 5%
A) First we calculate the ratio
= LTPD / AQL = 0.52 / 0.2 = 2.6
from the table of LTPD/AQL 2.6 is closest to 2.768
to calculate the sample size we apply the formula from the exhibit table
n ( AQL ) = 4.695
Therefore n ( sample size ) = 4.695 / 0.2 = 23.475
B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required
The profit per unit is $5 and the total profit is $2,500.
Given in the Question:
Number of units = 500
Average cost per unit = $9
Market Price = $14
The profit per unit is calculated using formula:
= Market price - Average cost
= 14 - 9
= $5
The total profit is calculated using formula:
= Profit per unit x Number of units sold
= 5 x 500
= $2,500
Hence, The profit per unit is $5 and the total profit is $2,500.
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Answer:
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Answer:
B. Δk = sf(k) – (δ + n)k.
Explanation:
The Solow Growth Model, developed by Robert Solow, a Nobel Prize winning economist. It was the first neoclassical growth model which was was built upon the Keynesian Harrod-Domar model. The modern theory of economic growth is given by the Solow Model.
The equation below gives us the change in capital stock per worker with population growth at rate n;
Δk = sf(k) – (δ + n)k.
Where k: capital stock per worker in period t
s: savings rate
δ: rate of depreciation of capital
n: labor or number of workers
sf(k): savings per capita multiplied by a fraction of income saved.