Answer: 2.46: 1
Explanation:
The Current ratio is used to determine if the current assets of a business can be used to pay off its current liabilities.
Current Ratio = Current assets / Current Liabilities
Current Assets = Cash + Accounts receivable + Inventory + Prepaid insurance
= 187,000 + 150,000 + 152,000 + 88,400
= $577,400
Current Liabilities = Accounts payable + Salaries and wages payable
= 208,000 + 26,500
= $234,500
Current ratio
= 577,400/234,500
= 2.46
Answer:
D. So that they have an easier time getting loans and credit cards
Explanation:
A credit score is a three-digit numerical that communicates reliability in debt repayments. Credit scores range between 300 to 850. Lenders seek to find the credit score for a borrower before advancing credit facilities to them. A higher credit score indicates a borrower is less likely to default on a loan.
Maintaining a high credit score enables one to obtain credit with relatively easy and at lower interest rates. Lenders feel comfortable extending credit to a customer with a high credit score. They consider them a low-risk borrower.
Answer:
1. U. None of these
2. Variable overhead price variance = $2,000 F
Variable overhead efficiency variance = $4,000 U
Explanation:
Please see attachment.
defining and implementing monetary policy. conducting foreign exchange operations. holding and managing the euro area's foreign currency reserves. promoting the smooth operation of payment systems.
<h3>What is
foreign currency reserves?</h3>
Foreign Exchange Reserves are cash and other reserve assets, such as gold, held by a central bank or other monetary authority and used primarily to balance a country's accounts, influence the foreign exchange rate of its currency, and maintain financial market confidence.
Foreign exchange reserves are a country's emergency funds in the event of an emergency, such as a rapid depreciation of its currency. Countries use foreign currency reserves to maintain a fixed rate of value, maintain competitively priced exports, remain liquid in the event of a crisis, and provide investors with confidence.
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Answer:
innovation and product research
Explanation:
To develop a new product or service that brings unique value to customers, innovation and product research are very important.
In bringing unique value to customers, the entrepreneur must be proactive in making adequate research to understand what brings value to his potential customers. In order to bring out something unique and truly valuable, the entrepreneur must be innovative and creative.