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3 years ago

The acid-test ratio differs from the current ratio in that it

1 answer:

4 0

The current ratio uses the total amount of all of the current assets. The acid test ratio uses only the following current assets, which are considered to be quick assets: cash and cash equivalents, short-term marketable securities, and accounts receivable (net of the allowance for uncollectible accounts). Hope this helps...

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Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their

kipiarov [429]

Answer:

The answer is B.

Explanation:

The labor force participation rate to decrease. Labor force is the total number of people in paid employment (employed people) and unemployed people but who are actively searching for job.

Since the workers that quit job would be enrolled as full time college student, labor force rate will decrease since they are not employed and will not be actively searching for job.

4 0

3 years ago

SNC is considering evaluating the payment profile of its customer base, especially focusing on customers who are chronically del

worty [1.4K]

Answer:

I would decline the proposal to drop Super Sports Centers.

Explanation:

In order to be able to accept or decline dropping SSC as a customer we must first calculate the cost of being paid after 200 days.

If you analyze it from an accounting point of view, dropping SSC will decrease your operating profits by $130,000 and that might result in your firm not being able to make a profit anymore.

In my opinion, the cost analysis is not complete because in order to calculate EBIT your are simply subtracting COGS from revenue (which is correct but incomplete). When you make important business decisions, you must determine which is the least of evils. Is reducing your DSO so important that you will risk going bankrupt? How much does financing SSC costs? Since SCC takes so long to pay, you should probably record the present value of the sale (similar to a non-interest bearing note).

You must also remember that if your total sales decrease by 20%, your COGS will increase since fixed costs per unit will increase. Probably the best way to understand this is to analyze the situation like a special order sale. SNC should probably calculate their manufacturing (or retailing) costs without SSC and that way they will be able to determine the real advantage or disadvantage of having SSC as a client.

4 0

3 years ago

Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an

vitfil [10]

Answer:

1. Are you advertising to a specific group of people/ Who is your target audience?

2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?

3. How would you justify your prices?

4. Is your idea viable in the current market?

5. How would you differentiate your goods and services from any other similar products in the industry?

These are just examples. Hope this helps!

8 0

3 years ago

P11-1A Tidal Corporation was organized on January 1, 2017. It is authorized to issue 20,000 shares of 6%, $50 par value preferre

saul85 [17]

Answer:

1. Jan. 10

Dr Cash $280,000

Cr Common Stock $70,000

Cr AdditionalPaid-in Capital-Common $210,000

Mar. 1

Dr Cash $636,000

Cr Preferred Stock $600,000

Cr Additional Paid-in Capital-Preferred $36,000

May 1

Dr Cash $720,000

Cr Common Stock $120,000

Cr Additional Paid-in Capital-Common $600,000

Sept. 1

Dr Cash $25,000

Cr Common Stock $5,000

Cr Additional Paid-in Capital-Common $20,000

Nov. 1

Dr Cash $168,000

Cr Preferred Stock $150,000

Cr Additional Paid-in Capital-Preferred $18,000

Explanation:

Preparation of the journal entries

1. Jan. 10

Dr Cash (70,000x$4) $280,000

Cr Common Stock (70,000x$1) $70,000

Cr AdditionalPaid-in Capital-Common $210,000

($280,000-$70,000)

Mar. 1

Dr Cash (12,000x$53) $636,000

Cr Preferred Stock (12,000x$50) $600,000

Cr Additional Paid-in Capital-Preferred $36,000

($636,000-$600,000)

May 1

Dr Cash (120,000x$6) $720,000

Cr Common Stock (120,000x$1) $120,000

Cr Additional Paid-in Capital-Common $600,000

($720,000-$600,000)

Sept. 1

Dr Cash (5,000x$5) $25,000

Cr Common Stock (5,000x$1) $5,000

Cr Additional Paid-in Capital-Common $20,000

($25,000-$5,000)

Nov. 1

Dr Cash (3,000x$56) $168,000

Cr Preferred Stock(3,000x$50) $150,000

Cr Additional Paid-in Capital-Preferred $18,000

($168,000-$150,000)

8 0

3 years ago

Many firms are finding that high-tech, computerized training has dual benefits. It develops employees who are more effective and

Xelga [282]

This is an example of a(n) Organisational tangible resource

Explanation:

Tangible resources include currency, inventory, equipment, land or buildings. Tangible resources The products can be liquidated quickly and have a given worth. They are important for accounting, and as they reach balance sheets and income statements, they make a business know their financial status.

Each organisation needs capital and assets to run.

A few of these commodities, including ability and entrepreneurship, are intangible, while the other commodities are measurable. Tangible means capital which can be observed, influenced or sensed.

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3 years ago

The acid-test ratio differs from the current ratio in that it​

The acid-test ratio differs from the current ratio in that it