Answer:
2:1
Explanation:
A firm has a current assets of $300,000
A current liabilities of $100,000
An inventory of $100,000
The quick ratio of the firm can be calculated as follows
Quick ratio= Current assets-inventory/Current liabilities
= $300,000-$100,000/$100,000
= $200,000/$100,000
= 2:1
Hence the quick ratio of the firm is 2:1
Answer:
Follows are the solution to the given question:
Explanation:
Please find the complete question in the attachment file.
Market capitalization at 30 June: 
Dividends payable on 10 July: 
Actions omitted by 31 December: 
X Stock Dividends 1.2
Dividend payments payable on 31 December: 
Total value is given: 
Answer:
a. classifies expenses by function.
Explanation:
Multiple step format of income statement has the distinction of classifying expenses based on function as direct cost (non operational cost) and indirect cost ( operational cost).
Direct cost is cost that can be directly traced to the product like cost of raw materials.
Indirect cost is not directly linked to the product and includes salaries, rent, marketing cost, research and development, accounting fees, and legal fees.
Single step format on the other hand does not divide expenses based on function, but states the simplified revenue and expense of a business.
John Little is known for his queueing theory which is basically a theory on the probability of a customer waiting in the same line. This is applicable in every establishment that does first come, first serve basis. The probability of a person staying in line, and not changing to other lines, is expressed by the so-called Little law. It states that the average number of customers in the waiting line is equal to the average effective arrival ate multiplied with the average time that the customer spends in the waiting line. This law is very useful and valid because it does not count into factors the miscellaneous things like process distribution, service distribution, service order, etc.
Answer: Please refer to Explanation
Explanation:
The Total Product of Labour curve is constructed by equating the quantity produced to labour. If every additional worker produces an additional unit of output then the Total product of labour curve will have a slope of 1 because every unit of labour leads to an additional unit of output.
Average Product will also be 1 because if each additional worker produces 1 extra then n workers is equal to n output. n divided by n will be one.
The Marginal Product of Labour is simply how much output is produced when an additional worker is added and the question already lists that as 1 so 1 is the answer.
