Answer:
a) Current Ratio = 0.99
b) Quick Ratio = 0.96
c)
The Current Ratio is a liquidity measure that shows the ratio between current asset and current debt obligations. It tells how many dollars of current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.
The Quick Ratio is also a liquidity indicator that measures the capacity of a company, using its most liquid assets, to pay its current debt at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.
The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective.
In Apple´s and Hewlett-Packard´s case we can say that Apple is better covert, but not for too much, because of their current ratio. And, because of its quick ratio, Apple doesn't depend on its inventory as much as Hewlett-Packard.
Explanation:
APPLE´S CURRENT RATIO:
Current Ratio = Current Asset / Current Liabilities
Current Ratio = 76.36 / 76.41
Current Ratio = 0.99
APPLE´S QUICK RATIO:
Quick Ratio = (Current Assets – Inventories) / Current Liabilities
Quick Ratio = (76.36 – 2.45) / 76.41
Quick Ratio = 0.96
Answer:
B. Marketing Management
Explanation:
Marketing management is a process in which the planning and execution of pricing, promotion, distribution, goods & services in order to exchange and satisfy the individual and organization goals & objectives. It also involved the marketing, sales and services
Therefore option b is correct
Answer: please refer to the explanation section for journals and notes
Explanation:
1 April
DR Inventory 23000
CR Trade Payable 23000
inventory is purchased on Free on Board Shipping terms, risks and Ownership of inventory transfers to Kerber Co the moment Wilkes company ships the inventory. inventory must be recognised
6 April
DR Freight costs 900
CR Bank 900
DR Inventory 900
CR Freight costs 900
Kerber Co Paid Freight costs of $900. There are two events happening in this transaction being the payment of freight costs and the capitalisation of freight costs. Freight costs are capitalised (included in the value of inventory) as they are costs necessary to get the inventory in to the premises of the customer (Kerber Co).
7 April
DR Equipment 26000
CR Creditor/Liability 26000
Kerber Co purchase inventory on credit. equipment is debited because Equipment is an asset and liability is credited.
8 April
DR Trade Payable 3000
CR inventory 3000
Damaged inventory returned will decrease inventory balance and also decrease the amount owed to the creditor (Wilkes Company)
. Trade Payable account is Debited and inventory account is credited to record the decrease in inventory and amount payable
15 April
DR Trade Payable 20000
CR Bank 20000
23000 - 3000 = 20 000
recording payment made to the Creditor for inventory purchased or settlement of the trade payable account
An organization in which all accomplices are constrained accomplices is a limited liability partnership(LLP). It along these lines shows components of associations and companies. In a LLP, one accomplice is not dependable or obligated for another accomplice's offense or carelessness. Joe would not be subject if another accomplice were to commit an error. The answer is the 4th one.
Answer:
A) True
Explanation:
Paternalistic social responsibility refers to acts whereby managers provide for the essential needs of the employees such as providing them with accommodation facilities along with satisfying other needs such as food.
Henri Ford was among the first initiators of such a responsibility when he provided health programs and recreational services to his employees.
Building town homes with provision for food by employer is an example of paternalistic social responsibility.