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
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

You might be interested in
Nina, a manager, is considering reducing the workforce to cut down on costs. She realizes that this decision will have a huge im
Pani-rosa [81]

Answer:

The correct answer is: Moral awareness.

Explanation:

Moral awareness refers to the set of actions individuals take driven by values and beliefs that drive them not to only think about themselves but also in the consequences on others. In business, companies need to consider what the impact of their actions is with their surrounding environment and their inner circle -employees.

7 0
3 years ago
In marketing children's products, it's extremely important to produce television commercials that hold the attention of the chil
Tju [1.3M]
<span>Description of this experiment: This type of experiment would be deemed as completely randomized, as the subjects are chosen at random to watch the commercial. The subjects are 15 children under 10 years old. The different factors in this experiment are the commercials, as well as the 3 levels of products (types). The response in this experiment would be the children's attention span.</span>
6 0
3 years ago
Explain. Brainliest.
Rus_ich [418]
Alright, well look like this:

Public goods are goods that are open to anyone. They can’t turn down customers, and they can’t turn down even people who don’t pay.

Excludable goods means the people CAN turn away those who don’t pay. So, this is wrong.

Goods for a profit means that no matter what, they make money. Meaning those who can’t pay can still be turned away.

Privately owned goods can be turned away to and from anyone. This is also wrong.

Nonexcludable goods means that ANYONE can use this good or service, they aren’t for profit, they are non-rivalrous, etc. This is your answer.

<span>~Hope this helps!</span>

7 0
3 years ago
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha.the supply is more elasti
Roman55 [17]

Answer:

B. The demand is more elastic than supply .

Explanation:

Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .

Elasticity means responsiveness of demand & supply to prices.

'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.

The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.

So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.

6 0
3 years ago
One major advantage of limited liability is that it:________.
Finger [1]

Answer: c. shields the personal assets of owners from liability claims.

Explanation:

An advantage of limited liability is that it shields the personal assets of owners from liability claims.

For a limited liability company, it should be noted that the liabilities of the members in the company for the debts that are incurred are limited only to the investment of the members. Personal assets are not affected if the company first into debt.

3 0
2 years ago
Other questions:
  • The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The fo
    5·1 answer
  • Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 22 percent per year for the
    15·1 answer
  • For strong controls over cash​ receipts, the checks to be deposited should be sent to the​ treasurer, and the remittance advices
    11·1 answer
  • A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July
    13·1 answer
  • Car X can come with any of these 5 additional features: sunroof, stereo, tinted windows, leather seats and cruise control.
    11·1 answer
  • Having decided what secondary sources you will use, you now need to decide whether you elect to use any primary sources for obta
    15·1 answer
  • A business issued a 90-day, 9% note for $70,000 to a creditor on account. Illustrate the effects on the accounts and financial s
    8·1 answer
  • Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Meli
    11·1 answer
  • Which supply chain process focuses on the transformation of inputs into outputs?.
    10·1 answer
  • Jeremy wants to avoid conflict with his new coworkers. he should ______. a. spread gossip with them b. treat them all with respe
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!