Answer:
Acid-test (quick) ratio=0.76642
Explanation:
Given Data:
Current Assets=$193,000
Current Liabilities=$137,000
Cash=$62,000
Accounts receivable=$43,000
Inventory=$88,000
Required:
Acid-test (quick) ratio=?
Solution:
Quick Assets=Cash+Accounts receivable
Quick Assets=$62,000+$43,000
Quick Assets=$105,000
Acid-test (quick) ratio=Quick Assets/Current Liabilities
Acid-test (quick) ratio=$105,000/$137,000
Acid-test (quick) ratio=0.76642
But does business in another country
Three basic economic questions are -
- What to produce?
- How to produce?
- Whom to produce for?
Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
- What goods and services should be produced to satisfy consumer needs?
- How much of this product do you need?
- When should you produce a report?
- What is the best way to produce goods and services?
- How should these products be produced, and what resources should be used to do so?
- Who should be the recipients of goods and services?
- How should the product be allocated among consumers?
To learn more about Economics Questions from the given link
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Answer:
B.
compute depreciation for a full year under straight minusline depreciation and multiply it by the fraction of the year that you held the asset.
Explanation:
Under straight-line depreciation, the asset value is spread equally throughout its useful life.
To get the depreciation of a partial year, you need to calculate the depreciation a full year first.
Divide the asset value by the number of its useful years to get depreciation value for one year. To compute partial depreciation, you need to establish the fraction of the year to be depreciated. Divide the number of months by twelve to get the fraction.
To get actual depreciation, multiply this fraction by a full year depreciation.
Liability insurance or legal liability
