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3 years ago

Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

Business

1 answer:

slava [35]3 years ago

3 0

Answer:

given statement is true

Explanation:

given statement of purchase marketable security with the cash have not effect on the organization acid test ratio is true because

the cash and marketable security both will be considered for the calculation of acid test ratio and there is not effect

because change by the cash to the marketable securities

so as that given statement is true

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In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.

CFO; CEO

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In the process of benchmarking for a variable expense (such as payroll) the typical metrics used are "Total Dollars" and "Dollar

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3 years ago

Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $730,000 and cost of good

NeTakaya

Answer:

$186,900

Explanation:

The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

As such, the net operating income/loss is the difference between the sales and the total costs .

To get the net income, we would first get the gross income.

Gross income

= $730,000 - (40% * $730,000)

= $438,000

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= $438,000 - $90,000 - $81,000

= $267,000

Income tax expense = 30% * $267,000

= $80,100

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2 years ago

How does the budget process make fiscal policy difficult to implement? (lo32-3)?

Keith_Richards [23]

The budget process makes fiscal policy difficult to implement because
---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
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3 years ago

The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending

aleksandr82 [10.1K]

Raw materials purchased during the year amount to: $1,081,000

Giving the following information:

Beginning Ending Raw materials inventory$547,000 $610,000

The raw materials used in manufacturing during the year totaled $1,018,000

To calculate the direct material purchased, we need to use the following formula:

Beginning Raw Materials + Purchases – Ending Raw Materials = Raw Materials Used

$547,000 + Purchases – $610,000 = $1,018,000;

Purchases = $1,018,000 + $610,000 – $547,000 = $1,081,000

<h3>What is the Cost of Raw Materials Purchased?</h3>

Purchases of raw materials, consumables and services are purchases of all commodities used as inputs in the production process and of services related to the supply of factors of production, such as renting property or equipment, leasing, temporary staff, and, in general, all outside services purchased for own use.

The cost of raw materials purchased can therefore be calculated as follows: Raw Materials Purchased = (Ending Inventory – Beginning Inventory) + Cost of Goods Sold. A direct material purchases budget determines the quantity of material purchased within a production period.

Your question is incomplete, but most probably your full question was:

The following information relates to the manufacturing operations of the Abbra Publishing Company for the year:

Beginning Ending Raw materials inventory $547,000 $610,000.The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:

A. $955,000.

B. $892,000.

C. $1,565,000.

D. $408,000.

E. $1,081,000.

Learn more about Cost of Raw Materials Purchased on:

brainly.com/question/24258358

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