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kvv77 [185]
3 years ago
5

Colorado Corporation's financial statements include the following information:

Business
1 answer:
timofeeve [1]3 years ago
8 0

Answer:

2.5 times

Explanation:

The computation of the current ratio is shown below:

As we know that

Current ratio = Total Current assets ÷ total current liabilities

So by applying the formula, the current ratio is

= $163,500 ÷ $65,400

= 2.5 times

It shows a relationship between the current assets and the current liabilities plus it always expressed in times form

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Selected financial data for Spark Enterprises follows for a production level of 120,000 units: (4 points) Total fixed costs $300
Marta_Voda [28]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Total fixed costs= 300,000

Total costs= $450,000

Units= 120,000

A) Unitary variable cost= 150,000/120,000= $1.25

B) Units= 75,000

<u>The fixed costs remain constant no matter how many units are made (between relevant ranges).</u>

Total fixed costs= $300,000

C) UNits= 160,000

Total variable costs= 1.25*160,000= $200,000

D) Units= 180,000

Total fixed costs= 300,000

Total variable costs= 1.25*180,0000= 225,000

Total costs= $525,000

6 0
3 years ago
Greta is concerned about the level of debt her business has incurred, as she is responsible for its liabilities. Assuming Greta
aleksandrvk [35]

Answer:

She can protect herself by making the business a <u>Single member Limited Liability Company.</u>

Explanation:

When a business is registered as a Limited Liability Company, the business owner cannot be held liable for the debts incurred by the company. The <u>extent of the owner's liability will only be to what he or she has invested in the business</u>.

This means <u>the personal properties of the business owner will not be affected by the Company's debts.</u>

<em>Greta should therefore register her business as a Limited Liability Company to protect herself from the liabilities of the business.</em>

4 0
3 years ago
Read 2 more answers
Wisseman Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbis
kondor19780726 [428]

Answer:

$3,000 F

Explanation:

Note that an activity variance is the difference between a revenue or cost item in the flexible budget and the same item in the static planning budget, and can also be the difference in the actual level of activity used in the flexible budget and the level of activity assumed in the planning budget.

In budgeting activity variance is divided into two types;

  1. When actual results are better than expected results the given variance is described as favorable variance. In common use favorable variance is denoted by the letter F - usually in parentheses (F).
  2. When actual results are worse than expected results given variance is described as adverse variance, or unfavorable variance. In common use adverse variance is denoted by the letter U or the letter A - usually in parentheses (A).

In the case of Wisseman Corporation the activity variance for total expenses for September would have been closest to $3,000 F.

8 0
4 years ago
The decision of what entry mode to use is primarily based on all of the following factors EXCEPT: a. the firm's unique set of re
grin007 [14]

Answer: C. The worldwide economic situation

Explanation:

https://www.studystack.com/flashcard-2772205

7 0
4 years ago
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Mariah applied for a loan at a financial institution. The loan officer will look at ____ to determine if she will qualify.
kow [346]

Answer:

im not sure but i think it is d

Explanation:

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3 years ago
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