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Colt1911 [192]
3 years ago
11

As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's last accounting period. The fir

m's current assets were $120,000, its fixed assets were $240,000, its current liabilities were $80,000, and its long-term liabilities were $60,000. Given these facts, what is the firm's current ratio
Business
1 answer:
I am Lyosha [343]3 years ago
5 0

Answer:

1.5

Explanation:

Current ratio = current asset/current liabilities

This ratio is used to determine how quickly the current assets can be used to settle the current liabilities as they fall due.

current assets = $120,000

current liabilities = $80,000

The firm's current ratio = $120,000/$80,000

                                      = 1.5

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Joy and her manager agreed in January that in order to be ready to take on a new group project in June, Joy should complete a cl
Slav-nsk [51]

Answer:

were situational constraints

Explanation:

Situational constraints represent the external factors that slows the performance of the workers. Here the workers have not a knowledge regarding to their field such as how to use the material equipment etc

Since in the question it is mentioned that she is unable to attend the training as her manager thinks that there would be situation constraints which do not permit Joy for finishing the objective

So the above represent the answer

6 0
2 years ago
Consumers may be equally happy consuming different goods, though they may need to substitute more of one product in place of eac
lawyer [7]

Answer:

diminishing marginal rates of substitution.

Explanation:

Based on the information provided within the question it can be said that the principle that captures this is known as diminishing marginal rates of substitution. Like mentioned in the question this refers to the fact that a consumer chooses to replace a product instead of actually buying more. This decreases as you move down the indifference curve as shown below.

7 0
3 years ago
In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2
deff fn [24]

Answer:

B. Liquidation.

Explanation:

Liquidation is and aftermath of the inability of a company or establishment to meet up with her obligations at the required moment. Thus, the company folds-up, lay off her staff and stop operating. While reorganization is a form of restructuring in a company or establishment. It may involve change of positions and duties among capable staff.

The example in the given scenario is that of liquidation because it ceased from operation.

3 0
3 years ago
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
Juli2301 [7.4K]

Answer:

<h2>The journal entry is shown below:</h2>

Explanation:

The journal entry for recording the establishment of the fund is as:

On September 1

Petty cash A/c.....................Dr   $250

       Cash A/c...........................Cr   $250

Being recording the petty cash in the books

As creating the fund for the petty cash in the books, the account of petty cash is debited as there is increase in the assets which is debited. And the petty cash is created against cash. Therefore, the cash account is credited.

3 0
3 years ago
Annual cash inflows that will arise from two competing investment projects are given below: Year Investment A Investment B 1 $ 5
balu736 [363]

Explanation:

Since the cash flows are given in the question for the Investment A and the Investment B  

So, the present value could be find out by multiplying the each year cash inflows with its discounted factor i.e 9%

So that the present value could come

The discount factor should be computed by  

= 1 ÷ (1 + rate) ^ years

The attachment is shown below:

4 0
3 years ago
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