Answer:
(a) 0.99
(b) 0.96
(c) Apple has better liquidity
Explanation:
(a) Apple's current ratio:
= Current assets ÷ Current liabilities
= $ 75.91 billion ÷ $ 76.31 billion
= 0.99
(b) Apple's quick ratio:
= (Current assets - Inventory) ÷ Current liabilities
= ($ 75.91 billion - $ 2.45 billion) ÷$ 76.31 billion
= 0.96
(c) In January 2016,
Quick ratio = 0.66
Current ratio = 0.90
In comparison to H-P assets quality Apple has much better quality. Current ratio and quick ratio of apple is better than H-P which shows that apple has better liquidity than H-P.
Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
<h3>What is Partnership?</h3>
This refers to the arrangement where parties, known as business partners, agree to cooperate for a mutual benefit.
Hence, we can see that Community Supported Agriculture programs involve partnerships between food producers and local consumers in which the farms provide shares of their harvest with community members who support the farm by working on or financing the farm.
This partnership is important because it hedges the gap between the food producers and the local consumers who come together to provide food.
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<span>Answer:
A court is most likely to rule against Flossy and in favor of Garth. Garth provided legally sufficient consideration by losing 100 pounds in weight over the stipulated two-year period. Generally, a waiver of a le- gal right—in this case, the right to eat to obesity—at the request of another party is sufficient consideration to support a promise. The promise in this question was the payment of $10,000. It does not matter whether the performance—the loss of weight—also benefited the Garth.</span>
Costs incurred prior to the current project are Sunk Costs .
<h3>What are
Sunk Costs?</h3>
sunk cost are those cost that that is been incurred without any recovery.
It can be used in decision making, which is seen as bygone and are not taken into consideration for continuity, hence, they are incurred prior to the current project .
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Answer:
$102,000
Explanation:
Since Brooke contributed the land, the gain realized before the land was contributed = $120,000 - $90,000 will be allocated entirely to her. She will also be allocated 40% of the gain after the contribution was made = ($150,000 - $120,000) x 40% = $30,000 x 40% = $12,000.
So the total gain recognized by Brooke will be $90,000 + $12,000 = $102,000.
Partnerships are pass through entities, the partners are taxed, not the partnership itself.
