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
notka56 [123]
3 years ago
8

The comparative financial statements for Prince Company are below:

Business
1 answer:
zheka24 [161]3 years ago
8 0

Answer:

It is increases by 0.155 times

Explanation:

As we know that    

Current ratio = Current assets ÷ Current liabilities

where,

Current assets = Cash + account receivable + inventory

So in year 1, the current ratio is

= ($7,000 + $18,000 + $34,000) ÷ ($17,000)

= ($55,000) ÷ ($17,000)

= 3.47 times

And, in year 2 , the current ratio is

= ($4,000 + $14,000 + $40,000) ÷ ($16,000)

= ($58,000) ÷ ($16,000)

= 3.625 times

Therefore, it is increases by 0.155 times

You might be interested in
Justine has just started a company that makes notebooks and other stationery items out of recycled materials. She has decided to
Zigmanuir [339]

Answer:

10% is a high-profit margin

Explanation:

Since Justine is just starting her new business this might actually be a bad idea because 10% is a high-profit margin. In new business, you need to start off with very small profit margins in order to attract customers with low prices and grow a loyal customer base. Once the business begins to grow and sales start kicking up then you may begin increasing your profit margins.

4 0
3 years ago
Sana gill deposited $3,500 into a new business checking account to begin her new bookkeeping firm, gill bookkeeping. this busine
OLga [1]

Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.

<h3>A business transaction is what?</h3>

A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.

A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:

  • The deal can be valued financially.
  • The company and the third party engage in the transaction.
  • The deal is made on behalf of the company and not for a person's personal benefit.

To know more about "Business transaction" , visit : brainly.com/question/19512243

#SPJ4

4 0
1 year ago
Which of the following statements best describes the attitudes of an old-style manager?Most people wish to avoid responsibility,
Shkiper50 [21]

Answer:

The correct answer is: Most people wish to avoid responsibility, have little ambition, and want security.

Explanation:

This type of management thinking responds to the early theories of management, more especially to the classical theories of organization. These theories were devoted to the superior's authority, objectives, rules and, economic activities.  They organized men and materials for achieving objectives for their benefits, characterized by a large and complex atmosphere with impersonal detachment from human resources.

The motivation of workers were purely by bonus and monetary benefits. The general idea was that workers were inspired to perform the job if they are paid according to their contributions. Workers are considered economic beings.  Man was considered a rational and not an emotional being.  It assumes that man wants only money, and this assumption provides the maximum opportunity to exploit employees.  The idea that people avoid responsibility is due to the hierarchy and chain of command, the responsibility of the work rests on the superior.

8 0
3 years ago
What is a downside of receiving a tax<br> refund?
Dmitry [639]

Answer:

It's a free loan to the government.

Explanation:

you're essentially giving the government a free loan with no interest.

4 0
2 years ago
Many industry initiatives have attempted to create efficiency and effectiveness through the integration of supply chain activiti
kolbaska11 [484]

Answer:

D) all of these answer

Explanation:

for creating chain management we need to have

1) Quick response (QR) -  is refer to that bar code which is used to track information for any products. this type of bar code is mainly used in shopping or buying in any product.

Bar code is a code in which information is store which can be used further in market.

2) vendor managed inventory -  in this information provided by customer to the  vendor about any product.

3) Efficient consumer response -   it is a mutual coordination  between producer, wholesaler to fastened and feasible the service to customer.

8 0
3 years ago
Other questions:
  • In 2012, more than 1.4 billion movie tickets were sold, more than 17 million people attended NFL games, and about 30 million peo
    9·1 answer
  • State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .32 − .11 Boom .68 .23 Calculate the e
    6·2 answers
  • Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of
    8·1 answer
  • How to calculate WACC using the CAPM​
    7·1 answer
  • The process of conducting business on an international scale is a part of _____. globalization Communism mercantilism Socialism
    10·2 answers
  • A parents' group in a small town formed an unincorporated association to run a little league soccer team. Alex was elected presi
    11·1 answer
  • A company that has just completed its Initial Public Offering has raised $200 million of capital and has been listed on the NYSE
    12·2 answers
  • Identify two different forms of income that are taxable
    14·1 answer
  • Which of these products or services is likely to have an inelastic supply in the short run?
    13·1 answer
  • Prepare an amortization schedule for a three-year loan of $84,000. The interest rate is 9 percent per year, and the loan calls f
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!