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Alina [70]
3 years ago
10

The financial statements for Silver Service Company include the following​ items: 2019 2018 Cash ​ $50,500 ​ $42,000 ​Short-term

Investments ​26,000 ​14,500 Net Accounts Receivable ​52,000 ​48,000 Merchandise Inventory ​131,000 ​51,000 Total Assets ​532,000 ​548,000 Accounts Payable ​132,500 ​127,000 Salaries Payable ​16,000 ​ 16,000 ​Long-term Note Payable ​57,000 ​57,000 Compute the​ acid-test ratio for 2018.
Business
1 answer:
Leto [7]3 years ago
4 0

Answer:

0.73 times

Explanation:

The computation of the acid test ratio for 2018 is shown below:

Acid-test ratio = Quick assets ÷ total current liabilities  

where,  

Quick assets = Cash + short-term investments + Accounts receivable (net)  

= $42,000 + $14,500 + $48,000

= $104,500

And, the current liabilities would be

= Accounts Payable + Salaries payable

= $127,000 + $16,000

= $143,000

Now put these values to the above formula  

So, the value would equal to

= $104,500 ÷ $143,000

= 0.73 times

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8 0
2 years ago
Production Budget
9966 [12]

Answer and Explanation:

The preparation of production budget is shown below:-

                      Weightless Inc

                    Production Budget

         For the month ending October 31

                             Units Bath Scale            Units Gym Scale

Expected Units to

be sold                       150,000                         90,000

Desired Inventory,

October 31                  12,500                           8,000

Total                          162,500                           98,000

Less: Estimated Inventory,

October 1                   -18,000                           -10,000

Total Units to be

produced                  144,500                           88,000

5 0
3 years ago
. Costs that the manager has the power to determine or at least strongly influence are called: Question 5 options: A. Uncontroll
GalinKa [24]

Answer:

B. Controllable costs

Explanation:

There are some costs that are expended by a company during the cost of carrying out their business operations. These costs such as labor costs and marketing budgets are incurred because the company has full authority over them. They are costs that can be altered in short term based on a business decision.

In other words, controllable costs are those costs or expenses that can be influenced by those who are saddled with the responsibilities of incurring them.

5 0
3 years ago
In an effort to save money for early retirement, an environmental engineer plans to deposit $1200 per month starting one month f
Aleks [24]

Answer:

$1,099,203.00

Explanation:

In this question we have to find out the future value that is shown in the attachment below:

Provided that

Present value = $0

Rate of interest = 8%  ÷ 2 = 4%

NPER = 25 years  × 2 = 50 years

PMT = $1,200 × 6 months = $7,200

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $1,099,203.00

8 0
3 years ago
Answer the following statement true (T) or false (F):
grin007 [14]

Answer:

TRUE

Explanation:

As Cherry Doux Bakery reaches an agreement with Candy Call to use Candy Call's original dark chocolate in its popular chocolate cookies and sell them in its stores. The two companies are using a strategy known as co-branding. Co-branding is a marketing technique where two brands pool their resources and share advertisement, technology, risks and sell their products/services together which is quite helpful for the both brands. For example, when Dell use intel processors and advertise it in its ads, it is a perfect example of co-branding. Co-branding is help and effective for both of the organization. One company can leverage its products and this sales with the help of another company. In this strategy, strategic alliance between both brands can get stronger hold in the market with more and enhanced brand awareness as well.

3 0
3 years ago
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