Answer:
$5,880
Explanation:
The computation of the value of inventory at the lower of cost or market value is shown below
= Number of units purchased × lower per unit
= 280 units $21
= $5,880
Since the lower value per unit is $21 among all given per unit value and the same is to be considered
All other information which is given is irrelevant. Hence, ignored it
Bruh nothing gonna happen cus chicken will never be beaten by McDonands.
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Entrepreneurial Marketing: 6 Characteristics of Entrepreneurial Marketing
Proactive Orientation: ADVERTISEMENTS: ...
Innovativeness: ...
Focus on the Customer: ...
Utilizing an Opportunity: ...
Risk Management: ...
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Quick ratio = 1.30 (Option C)
<u>Explanation:</u>
Quick ratio or acid test ratio is calculated as follows:
(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities
In our question, we have been given with the data:
Cash = 45 million
Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million
So, let us now put the given values in the above stated formula:
Quick ratio = ( 45 plus 33 plus 66) divide by 111
After calculating we get, 1.30
Therefore, the quick ratio is 1.30
I would try Amazon or Ebay.
Is this a school question?