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
nydimaria [60]
3 years ago
11

The acid-test (quick) ratio A. relates cash, short-term investments, and net receivables to current liabilities. B. is calculate

d by taking one item from the income statement and one item from the balance sheet. C. is used to quickly determine a company's solvency and long-term debt paying ability. D. is the same as the current ratio except it is rounded to the nearest whole percent.
Business
1 answer:
Elena-2011 [213]3 years ago
4 0

Answer:

The correct answer is letter "A": relates cash, short-term investments, and net receivables to current liabilities.

Explanation:

The Quick Ratio measures a business's more liquid assets in relation to its short-term obligations. Also called the Acid-Test Ratio, <em>it is calculated by adding the company's cash and equivalents with its short-term investments and its accounts receivables. That result is divided by the firm's current liabilities and the final figure will be the Quick Ratio</em>.

You might be interested in
Use the Internet to research different outside financing sources available to entrepreneurs. You will need to have at least thre
Scrat [10]

Answer:

Three sources of financing to a business includes;

1) Angels (National Angel Capital Organization, NACO)

Wealthy and experienced retired industry leaders, that invest in startups, require transparency, and take charge of the supervision of the business management practices

2) Business Accelerator or Incubators (MaRS; MaRS Discovery District)

An incubator provide enabling environment and resources for startups to develop ideas before going into production

3) Bank Loans (Business Development Bank of Canada, BDC)

Bank provide loans to startup with a good idea and an accompanying excellent business plan, and personal guarantee

Explanation:

8 0
2 years ago
In 2012, a nation’s population was 10 million, its real GDP was 1.21 billion. By 2013, its the population had increased to 12 mi
julsineya [31]
No no it’s not going on
Yes yes I will
A
7 0
2 years ago
Sales to customers who use bank credit cards such as mastercard and visa are usually recorded by:a. Debit to Cash and a credit t
algol13

Answer:

c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales

Explanation:

The journal entry is shown below:

Bank credit card sales A/c Dr XXXXX

Credit card expense A/c Dr XXXXX

       To Sales A/c XXXXX

(Being the sales is recorded via bank credit cards)

As the credit card has some expense so we debited the credit card expense along with the bank credit card sales and credited the sales as it is revenue which is to be credited

4 0
3 years ago
Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working a
dalvyx [7]

Answer:

b. She receives $10,000

Explanation:

Taxes owed = (1/4 of income) - $15,000.

Taxes owed = (1/4 x 20,000) - $15,000.

= 5,000 - 15,000 => -10,000

Hence, she receives $10,000 from the government.

A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

8 0
2 years ago
Which of the following is an common factor of failure for small businesses
Alex777 [14]

A few of the following can be considered major factors in failure of small businesses:

-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.

-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure

-no investment in marketing and research can also be a reason.


6 0
3 years ago
Other questions:
  • HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    7·2 answers
  • Air bags are usually located in the steering wheel and __________.
    6·2 answers
  • In order for team members to communicate effectively, they need the discipline to _______.
    11·2 answers
  • A greenfield venture is when a company builds a subsidiary from scratch in a foreign country instead of acquiring an established
    13·1 answer
  • Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amou
    11·1 answer
  • The Chinese culture is a tight social framework in which people take care of the members of a broader in group and act loyal to
    10·1 answer
  • Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair
    12·1 answer
  • Petrus Framing's cost formula for its supplies cost is $1,710 per month plus $9 per frame. For the month of March, the company p
    8·2 answers
  • Splish Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction
    8·1 answer
  • High Step Shoes had annual revenues of $202,000, expenses of $112,200, and dividends of $24,800 during the current year. The ret
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!