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RoseWind [281]
3 years ago
8

There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from J

anuary 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared.At December 31, 2021, the current ratio was:_______.
A. 3,126 ÷ 696.
B. 1,500 ÷ 420.
C. 4,450 ÷ 546.
D. 3,126 ÷ 546.
Business
1 answer:
stira [4]3 years ago
8 0

Answer:

A. 3,126 ÷ 696.

Explanation:

If we assume that the preferred dividends for the current year have not been declared. At December 31, 2021, the current ratio was: <u>3,126 ÷ 696</u>.

Which is gotten by the values: Current Assets / Current Liabilities.

In the question on Ramirez Corp, The relevant values for current assets and current liabilities will be: (Cash + Account Receivables + Inventories) / (Accounts Payable + Income Tax Payable + Miscellaneous Accrued Payable)

Therefore Current Ratio = (200,000 + 1,300,000 + 1,626,000) / ( 420,000 + 126,000 + 150,000) = 3,126 / 696

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Nonamiya [84]

Answer:

The solution to this question can be defined as follows:

Explanation:

In point a:

When consumer interest decreases, => consumers begin and save less and more, => MPC decreases; => the "IS" curve becomes flatter; => "IS" turns inside. Currently, 'AD' shows together all the goods and financial sector, => as the 'IS' curve adjusts inside the industry, => the 'AD' would also change to the left.

In point b:

Take into account the SR models of "IS-LM" and "AD-AS." 

Therefore there is the case of a full job only at the beginning; => its optimum between "IS1" and "LM" in the "IS-LM" model; as well as the main equilibrium among "AD1" and "AS" in the "AD-AS" model "E1'," => the original equilibrium among "Y=Yf," "r=r1" and "P=P1." That now the consumer is reducing the confidence, => the 'IS' curve becomes shifting IMEI 'IS2,' => provided the 'LM' curve, that new balance is 'E2.' That's why the price in the SR is calculated, the AS will change =>, however, the AD also will shift the "AD2" side and "E2'" will become the equilibrium point in the "AD-AS" system, "r=r2 <r1" and "P=P1" throughout the new "Y=Y2 <Yf" balance.

Please find the graph file in the attachment.

6 0
3 years ago
Kate Payne was reading the business plan for New Venture Fitness Drinks, and noticed that prior to its financial statements, New
Y_Kistochka [10]

Answer: Financial Notes and Supplementary Schedules

Explanation:

The Financial Notes and Supplementary Schedules is also known as footnotes.

The notes discloses-

a. Assumptions used in the preparation of the financial statements.

b. Discloses accounting policies used in the preparation of the financial statements.

c. Financial instruments been used by the business.

d. Legal matters.

I hope this answers your questions.

Goodluck

8 0
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A revenue variance is the:
IceJOKER [234]

Answer: Option C

                   

Explanation: In simple words, revenue variance refers to the difference between the revenue one expects to earn as per the budget made for a specified period of time and the revenue it actually earned in that time.

Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.

This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.

6 0
3 years ago
20 out of 45 men surveyed liked beef. What percentage of men did NOT like beef? (Round up to nearest %.)
Juliette [100K]
I'm not a mathematician but I'm going to go out on a limb here and say 44%!
6 0
3 years ago
A company purchased a new delivery van at a cost of $61,000 on July 1. The delivery van is estimated to have a useful life of 5
faust18 [17]

it's half a year out of 5, so 1/10 of the useful lifetime of the van

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one tenth of that will be what we are looking for, so option b. should be just right to fit here

4 0
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