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4 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]4 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

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irga5000 [103]

Answer:

Yes.

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Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract. Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

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3 years ago

You missed writing down a transaction but your account indicates you spent your entire cleaning budget of $750. Your other trans

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Answer:

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3 years ago

If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment

konstantin123 [22]

Answer:

labor force participation rate= 96.2%

Explanation:

Giving the following information:

Unemployed people= 19 million

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First, we need to calculate the employed people:

Employed population = 500 - 19= 481 million

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labor force participation rate= 96.2%

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3 years ago

May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch

Umnica [9.8K]

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

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3 years ago

When the government transfers resources to the poor in the form of a good or service, it is called?

Airida [17]

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The term in-kind transfers generally refers to goods, services, and transactions not involving money or not measured in monetary terms are transferred to the needy.

Hence, the in-kind transfers is based on the idea that governments want to target transfers to the needy.

To learn more about in-kind transfer here:

brainly.com/question/20411157

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1 year ago