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GalinKa [24]
3 years ago
15

Cherry Tree Company has the following balance sheet information as of December 31, 2019Cash $10,000Marketable Securities $20,000

Accounts Receivable $30,500Prepaid Expenses $2,000Inventory $34,000Property, Plant and Equipment (net of Accumulated Depreciation) $54,000Accounts Payable $45,000Long-term Bonds Payable $50,000Owner's Equity $55,500What is Cherry Tree Company's current ratio?
Business
1 answer:
Marrrta [24]3 years ago
3 0

Answer:

2.14 times

Explanation:

The computation of the current ratio is shown below:

Current ratio = Current assets ÷ Current liabilities

where,

Current assets is

= Cash + marketable securities + account receivable + prepaid expense + inventory

= $10,000 + $20,000 + $30,500 + $2,000 + $34,000

= $96,500

And, the current liabilities is account payable i.e $45,000

So, the current ratio is

= $96,500 ÷ $45,000

= 2.14 times

We simply applied the above formula

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MrRissso [65]

Answer:

c. Contacting me by December 1 about your support of this new benefits plan will allow me to present this proposal at the next strategic planning session.

Explanation:

The closing for a request should indicate a deadline for receiver, which can help to engage receiver in sender’s process.

Even though in this scenario, the sender is requesting for a support which might be not receiver’s responsibility to accept the benefit plan, but the sender can smartly appreciate the receiver if he can have the support by December 1.

I suppose with this closing in an email, receiver will put this mail in his working calendar or prioritized list if he really care and want to support this plan.

3 0
3 years ago
Price is important to managers
jek_recluse [69]

Price is important to managers because it has a substantial effect on a company's profitability and sustainability.

<h3>Why is pricing important?</h3>

The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.

For the consumer of products, price is a key factor that determines purchase decisions.

Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.

Learn more about pricing at brainly.com/question/15569228

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<h3>Question Completion:</h3>

Why is price important to managers?

7 0
2 years ago
Which is a measure of quality control equal to one fault in one million opportunities problems?
snow_tiger [21]

The six 9s of the quality rule are a measure of quality control that is equivalent to one error in a million potential for problems.

<h3 /><h3>What does "quality control" mean?</h3>
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  • There are various approaches to quality control. These include the Taguchi Method, Six Sigma, an x-bar chart, and 100% inspection mode.
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5 0
2 years ago
Mathrans, a textile firm, wants to hire two costume designers for a new movie project. To precisely determine the future job per
irga5000 [103]

Answer:

<u>Validation</u>

Explanation:

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7 0
3 years ago
The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increa
salantis [7]

Answer:

15%

Explanation:

The formula and the calculation of the price elasticity of supply are presented below:

Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)

where,

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And, the percentage change in quantity supplied is 30%

So, the percentage change in price is

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= 15%

7 0
3 years ago
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