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
expeople1 [14]
2 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]2 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

You might be interested in
The current ratio includes at the of the following except :
Umnica [9.8K]

Answer: B i believe

Explanation:

7 0
3 years ago
Read 2 more answers
What habit should you follow to avoid the risk of contracting illnesses and infections
Setler79 [48]

washing your hands would for sure be a habit you should follow to avoid illnesses and infections.

4 0
3 years ago
NDP Mp will be equal to:
Ivanshal [37]

Answer:

B) NDPFC + Indirect Taxes

Explanation:

Net domestic product (NDP) is obtained by subtracting depreciation from gross domestic product (GDP), and it can be calculated at market price (NDPmp) or at factor cost (NDPfc):

  • NDPmp = GDPmp – depreciation
  • NDPfc = GDPmp – depreciation – indirect taxes

If we substitute NDPfc into option B, we will get:

NDPmp = NDPfc + indirect taxes

NDPmp = (GDPmp - depreciation - indirect taxes) + indirect taxes

NDPmp = GDPmp - depreciation

6 0
3 years ago
Who among the following is a manager with good time-management skills?
ioda

Answer:

c. Jonathan, who segregates tasks and classifies them based on priority needs

Explanation:

Time management entails planning and controlling how much time one spends to undertake assigned tasks. Good time management skills increase one's efficiency and productivity.

Phone calls should be scheduled during less productive hours. One should delegate tasks where possible to enable timely completion. It is important to undertake one task at a time in order to be efficient. Tasks should be undertaken based on priority.

Therefore, options a,b and d are incorrect and option c is correct.

7 0
3 years ago
Which response core capability involves ensuring the capacity for timely communications in support of security, situational awar
xeze [42]

<span>On-scene security, Protection, and Law Enforcement</span>

On-scene security, Protection, and Law Enforcement entails conducting appropriate measures to ensure the protection of the health and safety of the public and workers, as well as the environment, from all hazards in support of the responder operations and the affected community

7 0
3 years ago
Read 2 more answers
Other questions:
  • To maintain your car, every week you should check the __________
    8·2 answers
  • The one-to-one property of natural logarithms states that if ln x = ln y, then
    10·1 answer
  • Sherry, a 12-year-old, visited a website that wanted to know her family size, her parents' educational level, and her weekly all
    12·1 answer
  • 15 POINTS!
    8·1 answer
  • 3 Select the correct answer. Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very
    8·1 answer
  • Merchandise accounts and computations LO C2 Kleiner Merchandising Company Accumulated depreciation $ 700 11,000 6,600 2,050 13,5
    12·1 answer
  • Period costs are a.classified as direct labor, direct material, or factory overhead b.not involved in the production process c.f
    12·1 answer
  • Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sale
    14·1 answer
  • Q 14.6: Morris Enterprises has 5,000 shares of 5.5%, $100 par value cumulative preferred stock and 100,000 shares of $10 par val
    9·1 answer
  • Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!