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expeople1 [14]
3 years ago
10

Atâ year-end, Snowâ, Inc. has cash of $ 15,000â, current accounts receivable of $ 30,000â, merchandise inventory of $ 40,200â, a

nd prepaid expenses totaling $ 4,500. Liabilities of $ 60,000 must be paid next year. What is Snow's âacid-test ratio?
Business
1 answer:
Eva8 [605]3 years ago
3 0

Answer:

0.75 times

Explanation:

The formula and the calculation of acid test ratio is presented below

Acid test ratio = Quick assets ÷ total current liabilities  

where,  

Quick assets = Cash + current accounts receivable

= $15,000 + $30,000

= $45,000

And, the current liabilities is $60,000

So, the acid test ratio would be

= $45,000 ÷ $60,000

= 0.75 times

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GalinKa [24]

Solution:

Single factory overhead amount: the amount at which plant overheads or processing overheads are assigned to goods is referred to as single plant overhead rate.

Formula to measure a single plant-wide overhead rate:

Single plant-wide overhead rate :

\frac{Total budgeted factory overhead}{ Total budgeted plant-wide allocation base}  

Different development team overhead rate: this distribution system describes the various divisions engaged in the manufacturing cycle. Factory overheads are assigned to goods on the basis of the overhead cost for each of the manufacturing units.

Formula for calculating various output department overhead:

Multiple production department overhead rate:

\frac{ Budgeted department factory overhead}{ Budgeted department factory overhead}

For calculate: single plant-wide overhead rate use direct working hours (DLH) as the allocation basis, and measure factory overhead.

Using DLH as the allocation basis to measure a single plant-wide overhead limit.

Single plant-wide overhead rate :  \frac{Total budgeted factory overhead}{ Total budgeted plant-wide allocation base}

                                                     = \frac{80,000}{10,000 DLH}

For calculate: single plant-wide overhead rate use direct working hours (DLH) as the allocation basis, and measure factory overhead.

Using DLH as the allocation basis to measure a single plant-wide overhead limit.

4 0
3 years ago
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Explanation:

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2 years ago
Visit the eBay website and identify three ways a small business can use the website to support its operations.
Alex787 [66]

Answer:

The eBay website provides a platform for the small business to grow and do business using their sites.

Explanation:

eBay is a multinational e-commerce company situated on California. The company sells goods and items that is registered on its site.

Recently eBay, the e-commerce giant has pledge a 100 million dollar to support and help the small business of America. For this eBay is :

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nadya68 [22]

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Explanation:

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We should note that liabilities can involve uncertainty in whom to pay. Also, a company can have an obligation of a known amount to a known creditor, but not know when it must be paid.

Based on the options given in the question, the answer will be "a company can only record a liability when it knows whom to pay, when to pay, and how much to pay".

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