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Vlad [161]
2 years ago
7

A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals:Cash $ 41,000 Current liab

ilities $ 76,000 Accounts receivable 56,000 Long-term liabilities 31,000 Inventory 61,000 Common stock 101,000 Equipment 146,000 Retained earnings 96,000 Total assets $ 304,000 Total liabilities and equity $ 304,000 a. 0.54b. 1.28c. 2.08d. 0.35e. 0.65
Business
1 answer:
anygoal [31]2 years ago
5 0

Answer:

The company's acid-test ratio equals: b. 1.28 .

Explanation:

Acid Test Ratio is a liquidity ratio that shows how efficient the resources have been utilized. It is also known as the Quick Ratio.

<em>Acid Test Ratio = ( Current Assets - Inventory ) / Current Liabilities</em>

Current Assets Calculation :

Cash                                    $41,000

Accounts receivable         $56,000

Inventory                             $61,000

Total Current Assets        $158,000

Current Liabilities Calculation :

Current liabilities               $76,000

Total Current Liabilities     $76,000

Acid Test Ratio = ($158,000 -  $61,000) / $76,000

                         =  1.2763 or 1.28

Conclusion :

The company's acid-test ratio equals: b. 1.28 .

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Answer:

$14,621.99

Explanation:

Calculation to determine what would be the amount of the annual rental payments Sage Hill demands of MTBA,

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7 0
3 years ago
DeAngelo did solid research before founding a food-tour company in a coastal community. He used information gained by his compet
polet [3.4K]

Answer:

Programmed decisions.

Explanation:

Decision-making is a process of selection from a set of alternative courses of action,which is thought to fulfill the objectives of the decision problem more satisfactorily than others.

Decision making can be regarded as the cognitive process resulting in the selection of a course of action among several alternatives. Every decision making process produces a final choice.

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• PROGRAMMED DECISIONS : A programmed decision is one that is fairly structured or recurs with some frequency.

A decision that is repetitive and routine, in which a definite method for its solution can be established. Examples: pricing standard customer orders, determining billing dates, recording office supplies etc.

• NON-PROGRAMMED DECISIONS : Non-programmed decisions are relatively unstructured and may occurs much less often. They are made in response to situations that are unique, are poorly defined and largely unstructured.

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You're prepared to make monthly payments of $400, beginning at the end of this month, into an account that pays 5 percent intere
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Answer:

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Given that,  

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The formula is shown below:  

= NPER(RATE,PMT,-PV,FV,type)  

The PMT come in negative  

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