Answer:
2015 - Quick ratio = 0.52
2016 - Quick ratio = 0.52
Explanation:
- The quick ratio is a measure of how well a company can meet its short-term financial liabilities.
- It is also known as the acid-test ratio.
- It can be calculated as follows: (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities.
- The simplest formula is
<u>Quick ratio Formula</u>
(Current assets - stock) ÷ current liabilities - this will be used in the calculations.
<u>Current assets: </u>
Cash and other assets that are expected to be converted to cash within a year.
<u>Current liabilities:</u> Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.
<u>Workings:</u>
<u>2015 - Quick ratio:</u>
Quick ratio = (Current assets - stock) ÷ current liabilities
Quick ratio = ($2,400 - $800) ÷ $3,050
Quick ratio = 0.52 (answer)
<u>2016 - Quick ratio:</u>
Quick ratio = (Current assets - stock) ÷ current liabilities
Quick ratio = ($2,300 - $650) ÷ $3,150
Quick ratio = 0.52 (answer)
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
<h3>What is meant by deadweight loss?</h3>
- The gap between the production and consumption of any given good or service, including taxes, is referred to as deadweight loss in economics. Deadweight loss is most frequently detected when the quantity generated compared to the quantity consumed deviates from the ideal surplus concentration.
- Overproduction of commodities results in a loss of money. For instance, a baker might only sell 80 of the 100 loaves of bread they produce. There will be a deadweight loss since the 20 remaining loaves will become moldy and dry, and they will need to be thrown away.
- The loss in economic activity that results when the market pricing of products or services change negatively affects consumers and businesses is referred to as deadweight loss.
- You need to know the change in price and the change in quantity demanded in order to compute deadweight loss. Deadweight Loss is calculated using the following formula:. 5 * (P2 - P1) * (Q1 - Q2).
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
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Answer:
TuneCore, Audiomack(for People to listen), Spotify, Google Play Music, and Apple Music...
Explanation:
The correct answer is wealth.
Wealth is the accumulation of valuable economic resources, which may be measured in terms of tangible goods or monetary value.
<h3>What is the Wealth Effect?</h3>
According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises.
<h3>What significance does riches have?</h3>
Wealth gives you the confidence that you won't have to put in countless hours of work in order to live a happy, healthy, and successful life, in addition to giving you access to the world's boundless delights. It allows you to have time and financial flexibility.
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Answer:
Explanation:
The statement in the question is not complete and should be the following with each of the answers provided being part of the statement like so,
Management of a close corporation often resembles that of a Partnership , but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation restrict the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares appraised to determine value and then receive that value.