Answer:
b. Offer price reductions along with generous credit terms that would (1) enable the firm to sell some of its excess inventory and (2) lead to an increase in accounts receivable.
Explanation:
Quick ratio = cash + short term marketable investment + receivables / current liabilities
To increase the quick ratio, current liabilities have to be reduced and any of the three items in the numerator should be increased.
Answer:
UNDERSTANDS THE CONCEPT OF REVERSIBILITY
Explanation:
Within thermodynamics, a reversal system refers to the process whose path can be restored to its old location by causing infinitesimal adjustments in any properties of the mechanism through its own surroundings. The mechanism is in thermal equilibrium because of its environment during the whole reversible cycle.
This makes no shift either in the process or the environment after being reversed. Since stopping the reversible cycle will take an endless amount of time, completely reversible systems are unlikely. Thus, from the above we can conclude that Eric's actions are demonstrating that he understands the concept of reversibility.
His checking is whatever he got the plus the outstanding deposit which is $107
Answer:
The correct answer is option (D).
Explanation:
According to the scenario, having a discussion with customers and product enthusiasts show as listening to the community related to the products and this is also an informal process to gather insights.
While the other options are incorrect because of the following reasons:
- Option (A) shows the formal process.
- Option (B) is not correct because the scenario describes the discussion with customers.
- Option (C) is not correct because he is discussing to get an insight about the products.
- Option (D) is not correct because the scenario describes the discussion with customers.
Answer:
$67,600
Explanation:
income from operations = gross profit - operating expenses.
In this case, the income from operations = EBIT, it is not always that way because EBIT includes non-operating income, but in this case this doesn't exist.
Sales Revenue 320,000
- Sales Discounts 9,400
<u>- Sales Returns & Allowances 43,000 </u>
Net sales = 267,600
<u>- Cost of Goods Sold 153,000 </u>
gross profit = 114,600
- Advertising Expense 20,000
- Delivery Expense 7,600
- Insurance Expense 1,000
<u>- Rent Expense 18,400 </u>
income from operations = 67,600