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
a_sh-v [17]
3 years ago
9

Current assets: Cash and cash equivalents $ 346 $ 265 Current investments 5 443 Net receivables 594 186 Inventory 10,592 8,409 O

ther current assets 1,230 235 Total current assets $ 12,767 $ 9,538 Current liabilities: Current debt $ 8,421 $ 4,026 Accounts payable 1,787 1,041 Other current liabilities 1,091 2,343 Total current liabilities $ 11,299 $ 7,410 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises.
Business
1 answer:
nevsk [136]3 years ago
3 0

Answer:

For ACME Corporation = 1.12 times

For Wayne Enterprises = 1.29 times

Explanation:

The computation of current ratio is shown below:-

For ACME Corporation

Current Ratio = Total Current Assets ÷ Current Liabilities

= $12,767 ÷ $11,299

= 1.12 times

For Wayne Enterprises

Current Ratio = Total Current Assets ÷ Current Liabilities

= $9,538 ÷ $7,410

= 1.29 times

Here, we assume first figure for ACME Corporation and second figure for Wayne Enterprises

You might be interested in
Peggy Owns A House Cleaning Service. She Built A Booking Website And Is Ready To Promote Her Services Online. She Wants Her Ads
sukhopar [10]

Answer: Search

Explanation: Since Peggy intends to promote her website and to reach out to people who are actively looking for businesses similar to hers, Google Ads Search campaign should be employed to meet her potential customers who will consider her services and take action by booking house cleanings. With the search services her Ads will show up alongside other search results.

3 0
3 years ago
If a check correctly written and paid by the bank for $649 is incorrectly recorded on the company's books for $694, the appropri
iris [78.8K]

Answer: Add $45 to the book balance

Explanation:

This is a case of bank reconciliation. Bank reconciliation occurs when the account of the bank and the company or Business are compared in order to check the differences which are then reconciled.

In this case, since the check written and paid by the bank is $649 while in the company's book, it's written as $694, then a book balance of $45 is added which is the difference between $694 and $649

3 0
3 years ago
Assume, for Canada, that the domestic price of wheat without international trade is lower than the world price of wheat. This su
Sergeeva-Olga [200]

Answer:

a.Canada has a comparative advantage over other countries and Canada will export wheat.

Explanation:

In the case when the domestic price is less than the world price of wheat so it is shown that there is the comparative advantage over the other countries due to this the canada would export the wheat. Also the demand is less or the supply of the wheat is higher. So ultimately it decrease the opportunity cost of generating the wheat

Therefore the above represent the answer

5 0
3 years ago
When borrowing money to purchase a car, what is one way to lower your monthly payments?
3241004551 [841]

Hello There!

If you borrow money to purchase car, you could pay two times a month to lowers your payments.

HAVE A GREAT DAY!

7 0
3 years ago
The Backwoods American Company produces approximately 20,000 parkas annually. The quality-management program the company impleme
Vsevolod [243]

Answer:

2014 Product yield will be 18,560

Explanation:

Calculation of Product Yield from 2010 to 2014

Since it begins with 83% good-quality parkas in 2010 and the percentage of good parkas was produced by 2�ch year which means we would add 2% to each of the year starting from 2011 to 2014

2010:

20,000(.83)= 16,600

20,000-16,600=3,400

3,400(.20)=680

680+16,600= 17,280

2011:

20,000(.85)= 17,000

20,000-17,000=3,000

3,000(.20)=600

600+17,000= 17,600

2012:

20,000(.87)

= 17,400

20,000-17,400

=2,600

2,600(.20)= 520

520+17,400= 17,920

2013:

20,000(.89)= 17,800

20,000-17,800=2,200

2,200(.20)=440

440+17,800= 18,240

2014:

20,000(.91)

= 18,200

20,000-18,200

=1,800

1,800(.20)

=360

360+18,200

2014 Product yield= 18,560

7 0
3 years ago
Other questions:
  • How much does Scott Hanson (The Red Zone) make, salary wise?
    8·1 answer
  • Maria and Paul have worked as customer service representatives for the same company for the past 2 years. They were hired at the
    5·1 answer
  • Tokoni is a manager at a local toyota dealership who has lost five of his employees last year. now he has to make a decision abo
    6·1 answer
  • What level of measurement (nominal, ordinal, interval, ratio) is appropriate for the movie rating system that you see in tv guid
    12·1 answer
  • Explain why the operating income is less than it was when the company was producing its optimal product mix. Operating income is
    10·1 answer
  • Value-based marketing requires that firms charge a price that customers perceive as giving them a good value for the product the
    12·1 answer
  • "Education empowers<br>person" explain this statement.<br>​
    12·1 answer
  • Your grandparents would like to establish a trust fund that will pay you and your heirs $200,000 per year forever with the first
    10·1 answer
  • 15. Sarah works at the local car deaership. She sells cars at a 6.75%
    8·1 answer
  • The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!