Answer:
Matching Statements to Appropriate Terms:
Price-earnings ratio = Profitability Ratio
Return on Assets = Profitability Ratio
Accounts Receivable Turnover = Liquidity Ratio
Earnings per share = Profitability Ratio
Payout ratio = Profitability Ratio
Working capital = Liquidity Ratio
Current ratio = Liquidity Ratio
Debt to Assets = Solvency Ratio
Free Cash Flow = Solvency Ratio
Explanation:
Profitability Ratios are one of the classes of financial metrics that measure a business's ability to generate earnings relative to its revenue, operating costs, assets, or shareholders' equity during a period of time.
Liquidity Ratios measure the ability of the company to pay its maturing short-term debt obligations from its current assets. They include the working capital, the current ratio, and the acid-test ratio.
Solvency Ratios measure the ability of the company to pay its maturing long-term debt obligations from its assets.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The manufacturing of clear glasses takes 45,000 direct labor hours. The traditional method applies $560,000 of overhead based on direct labor hours.
We need to calculate the manufacturing overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 560,000/(45,000 + 115,000)= $3.5 per direct labor hour
Now, we can allocate the overhead to clear glasses:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 3.5*45,000= $157,500
Answer:
Explanation:
The two attached pictures shows the explanation for this problem. I hope it help you. Thank you
Answer:
The $1,200,000 should be accounted for in Grove’s special revenue funds
Explanation:
Special revenue fund: The special revenue fund is a fund that is introduced by the government to collect the money from the public. It is made to fulfill the need for specific purposes/ projects.
The computation of special revenue funds is shown below:
= Income received for providing the meals to the needy people + financing of sales tax with respect to tourist facilities maintenance in the shopping district
= $300,000 + $900,000
= $1,200,000
Individually or collectively is referred to as balancing.
Balancing:
- Bringing two items into agreement; "the checkbook and bank statement reconciliation" reconciliation. Making anything equal or uniform is known as equalization, equalization, or leveling.
- stable, be steady. position, level, and poise. He counterbalanced his controversial statements with more conventional ones, using words like balance, cancel, offset, even out, even up, counteract, counterpoise, countervail, equalize, neutralize, negate, compensate for, and make up for.
- Machines require balance to function properly. Machine balancing aids spinning bodies in preventing vibrations, which can cause failure. Heavy machinery and generators are prone to failure, therefore balancing tasks can assist keep equipment from malfunctioning.
- Just walking across the room or down the block requires good balance. As well as carrying things, getting up from a chair, walking up and down stairs, and even turning to look behind you. And good balance helps avoid falls that could be incapacitating.
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