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yawa3891 [41]
3 years ago
10

Minnie knows that double entry has a lot of short-term debt coming due in the next year, and wants to make sure that the company

will have the ability to make the required payments. given a troubling downturn in construction activity over the past couple of months, she is not confident that double entry can count on selling its current inventory of doors before the debt comes due. which of the following ratios would be most relevant to minnie? a. current ratiob. debt to equity ratioc. return on salesd. acid-test ratio
Business
1 answer:
Ronch [10]3 years ago
7 0

Answer:

acid-test ratio

Explanation:

As we know that

Acid test ratio is also known as quick ratio in which the inventory should not be counted plus if any prepaid expenses is there than it also be deducted

The formula to compute the quick ratio is

Quick ratio = (Current assets - inventory - prepaid expenses) ÷ (current liabilities)

So according to the given situation, the minnie ha to make sure about the required payments plus it is also not confident about the inventory so for this she will be reliable on quick ratio

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A company pays all selling expenses in the month incurred. Budget information includes: Administrative salaries: $50,000; Sales
True [87]

Answer:

The Total cash disbursements for administrative expenses is $85,000

Explanation:

For computing the Total cash disbursements for administrative expenses, following equation should be used which is shown below:

= Administrative salaries + Rent on Administrative building + Miscellaneous administrative expenses

= $50,000 + $30,000 + $5,000

= $85,000

The other cost like sales commission, depreciation on store equipment is not been considered in the computation part because it is not related to the administrative expense. Hence, these cost would not be recognized.

Hence, the Total cash disbursements for administrative expenses is $85,000

4 0
3 years ago
Lunker Lures makes ten different models of fishing lures. All ten models are completely crafted by hand using the same basic mat
maria [59]

The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.

<h3>What is the Traditional Costing System?</h3>

The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.

In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.

Learn more about the Traditional Costing System here:

brainly.com/question/24516871

8 0
2 years ago
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
Angelina_Jolie [31]
The answer is networking, if there’s more to it then it’s networking to generate leads.
8 0
3 years ago
Pricing strategy varies significantly across different market structures.
sasho [114]

Answer:

the answer is yes or true

Explanation:

you can understand it by Pricing strategy is the overarching approach used to set pricing for a company's products and services. It doesn't define actual price points, but the pricing structure is a consequence of the strategy, and it's where you set the price customers see

7 0
3 years ago
Which of the following is a a form of ownership in which each owner of stock in a cooperative apartment building or housing corp
Maslowich

Answer: Cooperative Ownership

Explanation: In a cooperative ownership, the buyer receives shares of stock in the building corporation and a lease or assignment of the seller's lease of the apartment being sold.A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.Buying a house or renting an apartment aren't the only living arrangements available in the marketplace. Housing cooperatives, colloquially known as co-ops, provide an alternative to the traditional methods of acquiring a primary residence.

5 0
4 years ago
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