Quick ratio = 1.30 (Option C)
<u>Explanation:</u>
Quick ratio or acid test ratio is calculated as follows:
(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities
In our question, we have been given with the data:
Cash = 45 million
Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million
So, let us now put the given values in the above stated formula:
Quick ratio = ( 45 plus 33 plus 66) divide by 111
After calculating we get, 1.30
Therefore, the quick ratio is 1.30
Answer:
Budgeted sales:
Product XXX= $2,630,000
Product ZZZ= $6,304,000
Total sales= $8,934,000
Explanation:
Giving the following information:
Product XXX Sales in units:
Region I= 336,000 units
Region II= 190,000
Selling price per unit= $5
Product ZZZ Sales in units:
Region I= 254,000 units
Region II= 140,000 units
Selling price= $16.
<u>The budget sales for the period is simply a multiplication of the number of units to de sold and the selling price per unit.</u>
<u></u>
Budgeted sales:
Product XXX= (336,000 + 190,000)*5= $2,630,000
Product ZZZ= (254,000 + 140,000)*16= $6,304,000
Total sales= $8,934,000
The
question: Drug sniffing dogs must be 95% accurate in their responses, since we
don't want them to miss drugs and also don't want false positives. a new dog is
being tested and is right in 46 of 50 trials. find a 95% confidence interval
for the proportion of times the dog will be correct.
The answer of the following question:
The 95% confidence interval for the proportion of times the
dog will be corrected is: 0.845, 0.995
Answer:
Tennis racquet cost is $76.71 per unit
Badminton racquet cost is $73.67 per unit
Price of badminton racquet at 30% mark-up is $95.77
Explanation:
I calculated the cost of each racquet as well as their prices in the attached excel file.
I started I added all prime costs(direct materials plus direct labor costs) to overhead costs.
After having arrived at total manufacturing costs, I divided them by volume of each product to arrive at cost per unit.
I then marked up the cost by 30% to determine market price per unit.
