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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>.

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nordsb [41]
The NCAA is the <span>National Collegiate Athletic Association.</span>
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The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity o
cricket20 [7]

Answer:

a. $840

b. $140

Explanation:

a. The calculation of the average price per season ticket is shown below:-

Average price per season ticket = Total price of season tickets ÷ Sitting capacity

= $93,660,000 ÷ 111,500

= $840

b. The calculation of average price per individual game ticket sold is shown below:-

Average price per individual game ticket sold = Average price per season ticket ÷ Six home games

= $840 ÷ 6

= $140

Therefore we simply applied the above formula for computing the average price per season ticket and average price per individual game ticket sold.

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3 years ago
How might a business learn about a proposed process improvement through a prototyping activity? What is the fundamental purpose
anyanavicka [17]

The fundamental purpose of a prototype is to help a company better understand its new product designs.

<h3 /><h3>What is prototyping?</h3>

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Therefore, prototyping is a design process that helps an organization to gain more information to develop its business projects.

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6 0
2 years ago
Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share.
gladu [14]

Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

Debt amount

= 2 million × 0.90

= 1.80 million

And,

Equity amount

= 2 million × 3

= 6 million

Now

debt ratio = debt amount  ÷ (amount of debt + amount of equity)

= 1.80 million ÷ ( 6 million + 1.80 million)

= 23.08%

4 0
3 years ago
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Alik [6]

Answer:

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Explanation:

This Characterizes a particular form of corporate culture mainly aimed at promoting creativity in business. Innovation Culture is the working environment that managers create to promote and apply unorthodox thought. Work environments that promote a creativity culture generally believe that creativity is not a leading province but it can originate from everyone.

7 0
3 years ago
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