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3 years ago

Which of the following best describes the current ratio?

Business

2 answers:

-Dominant- [34]3 years ago

8 0

Answer:

c. liquidity ratio

Explanation:

Liquidity means having cash or access to cash readily available to meet obligations to make payments.

For the purpose of ratio analysis, liquidity is measured on the assumption that the only sources of

cash available are:

Cash in hand or in the bank, plus

Current assets that will soon be converted into cash during the normal cycle of trade.

It is also assumed that the only immediate payment obligations faced by the entity are its current liabilities.

There are two ratios for measuring liquidity:

Current ratio

Quick ratio, also called the acid test ratio.

Based on the above discussion, the answer is c. liquidity ratio

Mashutka [201]3 years ago

7 0

Answer:Your answer would be C liquidy ratio

Hope this helps! :-)

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Suppose the exchange rate is 90 yen per U.S. dollar and the United States wants to keep the exchange rate at a target rate of 90

ikadub [295]

Answer:

Option A, buys dollars to raise the exchange rate, is the right answer.

Explanation:

Option A is correct because when the Fed will buy the dollars then only the demand for dollars will shift rightwards. Consequently, the dollar price or exchange rate will go up. Therefore, the Fed will buy the dollars to increase the exchange rate. In another case, if the Fed wants to decrease the exchange rate then it will sell the dollars, and selling of dollars will shift the supply rightwards. Thus, the exchange rate will fall.

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3 years ago

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erik [133]

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2 years ago

Joe is a single, self-employed individual who owns his own business. During 2019, Joe reported $200,000 gross income and $60,000

Soloha48 [4]

Answer:

Adjusted Gross Income =$ 102,000

Explanation:

Gross Income $ 200,000

Business Expenses $ 60000

Gross income earned from your self-employment $140,000

Less alimony to his former spouse $30000

Less Health Insurance Premium $6000

Less Medicine and Doctor fees $ 2000 (Assuming its under Qualified Medical Expenses)

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3 years ago

The Sugar Sweet Company will choose from two companies to transport its sugar to market. The first company charges

Harlamova29_29 [7]

Answer:

Both will charge $6,904 when they transport 16 tons of sugar.

Explanation:

The amount of sugar to be transported is S, since we need to calculate at which amount of sugar both truck companies charge the same total price, we need to solve the following:

first company charges $4,500 + $150.25 S

second company charges $3,696 + $200.50 S

since both companies will charge the same total amount, then

$4,500 + $150.25 S = $3,696 + $200.50 S

$4,500 - $3,696 = $200.50 S - $150.25 S

$804 = $50.25 S

$804 / $50.25 = S

S = 16

$4,500 + ($150.25 x 16) = $4,500 + $2,404 = $6,904

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3 years ago

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?

ella [17]

The gross profit is more inportant than the net profit

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3 years ago