All categories

3 years ago

Ace Industries has a current assets equal to $3 illion . the company's current ratio is 1.5. and its quick ratio is 1.0.

Business

1 answer:

zavuch27 [327]3 years ago

6 0

Answer:

$2,000,000

$1,000,000

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities

1.5 = $3,000,000 ÷ total current liabilities

So, the total current liabilities would be

= $2,000,000

And

Quick ratio = Quick assets ÷ total current liabilities

1.0 = Quick assets ÷ $2,000,000

Quick assets = $2,000,000

So, the inventory would be

= Total current assets - quick assets

= $3,000,000 - $2,000,000

= $1,000,0000

You might be interested in

Mo Meek, Lu Ling, and Barb Beck formed the MLB Partnership by making capital contributions of $79,200, $308,000, and $492,800, r

jekas [21]

Answer:

which subject questions

8 0

2 years ago

Marketers must weigh carefully the costs of additional information against the resulting from it.

viva [34]

Marketers must weigh carefully the costs of additional information against the benefit resulting from it.

What are marketers?

A marketer is a person who advertises an organization's products and services. They identify the tactics that can increase sales and revenue while making sure that these tactics are in line with consumer demands and market demands.

Therefore,

Marketers must weigh carefully the costs of additional information against the benefit resulting from it.

To learn more about Marketers from the given link:

brainly.com/question/25369230

8 0

1 year ago

A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N

Nady [450]

Answer:

The value of the inventory on November 8 after the sale is $276.

Explanation:

Detailed steps are attached below

7 0

2 years ago

Charlie’s utility function is ????(x????,x????) = x????x????. The price of apples used to be $1, the price of bananas used to be

Reptile [31]

Answer:

The other options are ; (a) 4 apples (b) 13 apples (c) 11 apples (d) None of the above

Explanation:

The detailed analysis and step by step calculation is as shown in the attached files.

The correct option is NONE OF THE ABOVE

3 0

3 years ago

Price ceilings and price floors: a)shift demand and supply curves and therefore have no effect upon the rationing function of pr

mestny [16]

The correct answer is B.

A price floor is a policy established by economic authorities that consists on setting a threshold so that the price of a certain product or service cannot decrease under that. It distorts the market outcome when it is larger than the equilibrium price, because the amount supplied at the price floor level would the larger than the amount demanded by consumers and, hence, there is an excess of supply or surplus. Therefore, the market does not clear because the rationing function of prices has been externally influenced.

A price ceiling is a similar policy established by economic authorities. A threshold is set so that the price of a certain product or service cannot increase over it. It distorts the market outcome when it is smaller than the equilibrium price, because the amount supplied at the price ceiling level would the smaller than the amount demanded by consumers and, hence, there is an excess of demand of shortage. Again, the market does not clear because the rationing function of prices has been externally distorted.

A market clears when the equilibrium is reached and the amount supplied equals the amount demanded, so that the desires of both producers and consumers meet.

8 0

3 years ago