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
ollegr [7]
3 years ago
5

Southport industries company has current assests of $610000 and a current ratio is 4.1. Assume that the company prepays rent for

9 months in the amount of $34,000. The current ratio after this transaction is closest to:_____.
A) 5.03.
B) 3.90.
C) 3.68.
D) 4.12.
Business
1 answer:
Shkiper50 [21]3 years ago
7 0

Answer: D. 4.12

Explanation:

From the question, we are informed that Southport industries company has current assests of $610000 and a current ratio is 4.1 and that the company prepays rent for 9 months in the amount of $34,000.

It should be noted that the current ratio is calculated as:

= Current assets/Current liabilities

4.1 = $610,000/current liabilities

Current liabilities = $610,000/4.1

= $148,781

The current ratio will still be close.to 4.1 based on the above analysis.

You might be interested in
The budgeted income statement does not rely on information from the ______ budget.
Marta_Voda [28]

The budgeted income statement does not rely on information from the production budget.

<h3>What is a budgeted income statement?</h3>

The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.

All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.

The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.

To learn more about production budget refer to:

brainly.com/question/17255948

#SPJ4

3 0
1 year ago
An age-appropriate skill is best defined as a skill that is appropriate to the student's
geniusboy [140]
Age age age age age.
8 0
3 years ago
When the consumer price index falls, the typical family has to spend fewer dollars to maintain the same standard of living. True
MariettaO [177]

Answer:

True

Explanation:

Consumer price index measures the changes in price level of a basket of goods.

If consumer price index falls if means price level has fallen , goods become cheaper and the same amount of money can buy more quantities of goods and services.

Conversely if consumer price index rises, price level has increased, goods and services become more expensive and more amount of money would be needed to maintain the same level of consumption.

CPI is calculated as cost of basket of goods in a given year / cost of basket of goods in a base year

I hope my answer helps you

7 0
4 years ago
Which neighborhood quality of life issue is most affected by the overuse of alcohol?
WITCHER [35]

Neighborhood quality of life issue is most affected by the overuse of alcohol unemployment, poverty, poor family integration, and high residential mobility are known to contribute to a greater risk of alcohol problems.

Alcohol interferes with the mind's conversation pathways and might affect the manner the brain seems and works. those disruptions can trade mood and conduct, and make it harder to assume virtually and circulate with coordination.

Alcohol has massive poisonous consequences on the digestive- and cardiovascular structures. Alcoholic drinks are classified as carcinogenic by the global organization for research on most cancers and boom the threat of several cancer types.

To lessen the chance of damage from alcohol-associated sickness or harm, healthy men and women should drink no more than 10 general liquids every week and no extra than 4 standard liquids on any person's day.

Learn more about alcohol here:

brainly.com/question/947751

#SPJ9

6 0
2 years ago
Identify five typical users of accounting information​
RUDIKE [14]

Answer:

Owners,and stockholders, directors,officers, internal departments

Explanation:

4 0
3 years ago
Other questions:
  • Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or
    13·1 answer
  • A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its prod
    9·1 answer
  • You buy a put option to sell stock at $35. The price of the stock is $34 when you bought it, and the price paid for the put is $
    15·1 answer
  • Keyser Beverage Company reported the following items in the most recent year.
    13·1 answer
  • All of the following are considered input barriers to entry except:(A) control of a key raw material by a single firm.(B) the ab
    9·1 answer
  • The cost method that will yield the highest taxable income during times of inflation is the a.weighted average inventory cost me
    8·1 answer
  • David, a payroll clerk, came up with an idea for processing payroll more efficiently and presented it to the Human Resources Dep
    14·1 answer
  • Hau Lee​ Furniture, Inc., spends 45​% of its sales dollars in the supply chain and finds its current profit of ​$35,000 inadequa
    10·1 answer
  • Which of the following describes the product portfolio under Amina? a. Sleekline-question mark, Stallion-star, Thunderbird-cash
    14·2 answers
  • THIS IS BUSINESS ENGLISH!
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!