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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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"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
WINSTONCH [101]

Answer:

d. Private sector through the earning and spending of income.

Explanation:

In economics some major questions producers ask is for whom is production done, and how are output distributed in the economy.

For example ski equipment are produced for those people that practice skiing either as a sport or as a hobby. The particular set of people that use this product is targeted and provided with these goods.

Therefore these questions are answered in the private sector when the consumer earns income and spends it on their needs.

8 0
3 years ago
Globalization can create more opportunities for marketers but along with that comes more pressure because they must take into ac
blondinia [14]

Globalization can create more opportunities for marketers but along with that comes more pressure because they must take into account T<u>hey will standardize them whenever possible.</u>

<h3>What is Globalization?</h3>

The contact and integration of people, businesses, and governments around the globe is known as globalization (Commonwealth English; see spelling variations). Since the 18th century, globalization has accelerated due to advancements in communications and transportation technologies. The expansion of international trade and the sharing of ideas, beliefs, and cultures are both results of the increase in global relationships. The main function of globalization is an economic process of connection and integration that has social and cultural components. However, the history of globalization and contemporary globalization both include significant amounts of disagreements and international diplomacy.

Globalization affects the economy in terms of commodities, services, information, technology, and financial resources. The opening up of international marketplaces has a liberating effect on trade in products and money.

To learn more bout Globalization from the given link:\

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8 0
2 years ago
An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a
gizmo_the_mogwai [7]

Answer:

B)an offset.

Explanation:

4 0
3 years ago
Does any body know how to speed up the process of finding answers
Ivan

Answer:

Hi

Explanation:

it honestly depends try reloading or refreshing or poking on other sites that LOOK APPROPRIATE

5 0
3 years ago
On January 1, 2019, Wasson Company purchased a delivery vehicle costing $40,000. The vehicle has an estimated 6-year life and a
ELEN [110]

Answer:

option (A) $29,920

Explanation:

Data provided in the question;

Purchasing cost = $40,000

Estimated life = 6 years

Salvage value = $4,000

Estimated driving life = 100,000

Vehicle driven in total till 2020 = 10,000 + 18,000 = 28,000

Now,

Using the units-of-production depreciation method

Total depreciation till 2020 = \frac{\textup{Purchasing cost - Salvage value}}{\textup{Estimated driving life}}\times\textup{Total distance driven}

or

Total depreciation till 2020 = \frac{\textup{40,000 - 4,000}}{\textup{100,000}}\times\textup{28,000}

or

Total depreciation till 2020 = $10,080

Thus,

Book value on December 31, 2020 = Purchasing cost - Depreciation

= $40,000 - $10,080

= $29,920

Hence,

The correct answer is option (A) $29,920

5 0
3 years ago
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