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alex41 [277]
4 years ago
5

Based on the following data, what is the current ratio? Accounts payable………………………….. $ 64,000 Accounts receivable….………………….. 114

,000 Accumulated depreciation.............. 160,000 Cash………………………………..……………. 60,000 Equipment……................................... 1,500,000 Inventory………………………………………. 138,000 Long-term investments………..………. 160,000 Notes payable (due in 3 months)…… 56,000 Notes payable (due in 2 years)......... 200,000 Patents……...............……………………… 100,000 Prepaid insurance…………………………... 2,000 Short-term investments…………….…… 80,000

Business
1 answer:
erastova [34]4 years ago
8 0

Answer:

Current ratio = 3.28

Explanation:

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

In this case:

Current Ratio = Current Asset / Current Liabilities

Current Ratio = 394,000 / 120,000

Please, for the accounts classification see attached file. You will find the amount of current and long-term assets and liabilities there.

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Amir works as a senior engineer in a firm. Despite getting a good salary, he feels unhappy that he has never received the "best
olga nikolaevna [1]

Answer: esteem needs

Explanation:

The Abraham Maslow's hierarchy of needs is a five tier model that illustrates human needs.

In ascending order, they are - physiological needs , safety needs, love and belonging, esteem needs and self actualization.

Esteem needs include respect, self esteem, recognition, strength and freedom.

Amir wants to be recognised for his work. This illustrates his esteem needs.

3 0
3 years ago
Focusing on customers has not always been the hallmark of strategic planning. In fact, in the early 20th century, firms tended t
Natalija [7]

Answer:

The correct answer is letter "A": efficiency and quality.

Explanation:

Efficiency and quality were the main focuses to drive companies to the maximization of productivity during the 20th century. This movement was spread among the U.S. and Britain based on the idea that all organizations' efforts should be driven to eliminate corporate waste and inefficiency.  

One of the most recognized characters of this idea was American economist  Frederick Winslow Taylor (1856-1915) father of "<em>Scientific Management</em>" who looked for increasing productivity by increasing employee prosperity.

5 0
3 years ago
Michelle owns a rental property in San Diego that she has rented to Luis for four years. The street on which the house is locate
ivolga24 [154]

Michelle must give Luis a sixty-day written notice of the lease termination because he has lived in the property for more than one year.

Explanation:

The landlord must send a 30-day notice of termination in writing with the occupant at the cost of his will, unless the owner stays in the house for more than one year, which includes a notice of 60 days.

The 60 Days Lease Termination Letter is an appointment for a residential property owner to use when he wishes to vacate a tenant for at least a year or more after residing in the house.

In California, a landlord can terminate a rental after a tenant has spent a year or more on the property and has provided the tenant with a notice of sixty days.

8 0
3 years ago
When joshua proposed​ cross-training his employees so absences and vacations would not pose such a problem in​ productivity, his
natulia [17]

Answer:

a. fear that they would be forced out of their habits

Explanation:

In as much as the aim is for absences and vacations not to pose a problem in​ productivity, Joshua's employees still objected because they might one day be told not to go on vacations and not even be absent from work. Thus, this becomes a problem for them.

Therefore the fear that they would be forced out of their habits sets in and they object the proposal.

5 0
3 years ago
Read 2 more answers
The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $4
marissa [1.9K]

Answer:

The answer is: 44 days

Explanation:

First we have to calculate accounts receivable turnover for Gervais Manufacturing:

= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times

Then to calculate the average collection period for accounts receivable we:

= 365 days / 8.33 = 43.8 days ≈ 44 days

8 0
3 years ago
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