Answer and Explanation:
The computation of the current ratio and the acid ratio is shown below:
The current ratio is
= Current assets ÷ current liabilities
= ($96 + $88 + $176 + $12) ÷ ($86 + $29)
= $372 ÷ $115
= 3.23 times
And, the quick ratio is
= Quick assets ÷ current liabilities
= ($372 - $176) ÷ ($86 + $29)
= $196 ÷ $115
= 1.70 times
Hence, the current ratio and the acid-test ratio is 3.23 times and 1.70 times respectively
The type of approach Misaki is using to determine her company's market potential is the breakdown approach, used to determine the size of sales forces needed in a company.
<h3 /><h3>Breakdown approach</h3>
Corresponds to a method used to identify an organization's sales force, through projections for future sales and past sales history.
Therefore, in the breakdown approach, the total sales value identified by the sales projection is divided by the sales generated by each sales professional, assuming that each one reaches the same level of productivity.
The correct answer is:
Find out more information about breakdown approach here:
brainly.com/question/5775960
Answer:
b. $400,000
Explanation:
According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.
In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000
So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value
Answer:
The weighted-average cost by unit is $28,338.
Explanation:
AVCO Perpetual chart is attached.
AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.
When you have a purchase: Use the following formula to get the weighted-average cost by unit:
(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)
P₁ and Q₁ are the balance from operation that you made before.
P₂ and Q₂ is the data of the new operation (new purchase)
When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.
The balance at the end of October is
Units Unit Cost Total
76 $28,338 $2.153,720
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
