1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuri [45]
3 years ago
13

SDJ, Inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860. a. What is the current rat

io? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Feliz [49]3 years ago
8 0

Answer:

1.47 times ; 0.63 times

Explanation:

Given that,

Net working capital = $2,170,

current liabilities = $4,590

Inventory = $3,860

Current assets = net working capital + current liabilities

                         = $2,170 + $4,590

                         = $6,760

Current ratio = current assets ÷ current liabilities

                     = $6,760 ÷ $4,590

                     = 1.47 times

Quick ratio = (current assets - inventory) ÷ current liabilities

                   = ($6,760 - $3,860) ÷ $4,590  

                   = 0.63 times

You might be interested in
Some financial experts recommend people create their personal budgets as follows: 50% on
AURORKA [14]

Answer: 592.614

Explanation:

She should spend 592.614 on wants because 592.614 is 30% of 1975.38

8 0
3 years ago
Pierce Company issued 11% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $739,816
sdas [7]

Answer:

unrealized gain from change in market value = $10,617

Explanation:

Bonds carrying value = $739,816

amortization of bond discount = ($739,816 x 6%) - ($800,000 x 5.5%) = $389

amortization of bond discount = ($740,205 x 6%) - ($800,000 x 5.5%) = $412

bond's carrying value = $740,205 + $412 = $740,617

unrealized gain = carrying value - market value = $740,617 - $730,000 = $10,617

8 0
3 years ago
Accounting assessment q15/15 assigning indirect costs to specific jobs is completed by _____.assigning indirect costs to specifi
borishaifa [10]

Assigning indirect costs to specific jobs is completed by D. applying indirect costs to work in process.

<h3>What are indirect costs?</h3>

Indirect costs are costs that are not directly traceable to cost objects (e.g. a job, product, or service unit).

Indirect costs are overheads incurred as a result of a business activity but without direct impact.  For example, utilities, office supplies, etc. are all indirect costs.

Thus, assigning indirect costs to specific jobs is completed by D. applying indirect costs to work in process.

Learn more about indirect costs at brainly.com/question/24762880

#SPJ1

5 0
2 years ago
4) Which of the following is least likely to be your primary health care provider?
Lelechka [254]
An allergist cannot be a primary care provider.
7 0
3 years ago
Joey notices that people always compliment his Dad on the nice suits that he wears. His Dad owns a business in town. People alwa
liberstina [14]

Answer: Orientation to internal, unique self  

Explanation: In simple words, orientation refers to the process of determining the position of one self or the others with respect to a particular situation.

In the given case, Joey has to make a decision that impacts his personal life and he has to make it himself. Therefore, the confusion he is having about the decision depicts that he is at the stage of internal orientation.

7 0
3 years ago
Other questions:
  • At​ UPS, business was strong but profits were​ down, leading managers to look for ways to increase profits from existing operati
    10·1 answer
  • The size of osha becomes graphically apparent when a simple calculation shows that if the 8 million workplaces were distributed
    9·1 answer
  • Which is a business likely to need to secure startup capital from a venture capitalist?
    13·2 answers
  • The cash basis of accounting A : is the method required by generally accepted accounting principles. B : follows the revenue rec
    9·1 answer
  • Bill Pope has developed a new device that is so exciting he is considering quitting his job in order to produce and market it on
    9·1 answer
  • Destin Company uses the weighted average method in its process costing system. The first processing department, the welding depa
    11·1 answer
  • On February 22, Brett Corporation acquired 250 shares of its $3 par value common stock for $26 each. On March 15, the company re
    5·1 answer
  • Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely
    7·1 answer
  • From the list​ below, select the variable that will cause the demand curve to​ shift: A. The number of firms in the market B. Th
    10·1 answer
  • What can a borrower do to take control of their debt? O A. The borrower can apply for more credit cards. O B. The borrower can c
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!