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yawa3891 [41]
2 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]2 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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GarryVolchara [31]

Answer:

okay I will :) if I do can I get brainliest?

8 0
3 years ago
Read 2 more answers
Lusk Corporation produces and sells 10,000 units of Product X each month. The selling price of Product X is $40 per unit, and va
melisa1 [442]

Answer:

There is a financial disadvantage of ($30,000).

Explanation:

The discontinuity of product X would result in the contribution lost.

Sales that would be lost = $40 × 10,000 units = $400,000

Relevant variable cost with the production of product X that would be saved = $32 × 10,000 units = $320,000

Contribution lost = Sales lost - Variable cost saved

Contribution lost = $400,000 - $320,000

Contribution lost = $80,000

Saving in fixed costs = $120,000 - $70,000 (this would not be incurred) = $50,000

However, still contribution lost is more than the saving in fixed costs

Therefore, the financial disadvantage = $80,000 - $50,000 = ($30,000)

3 0
2 years ago
g . Kings Donut Inc common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual d
Simora [160]

6.29% is the rate of growth

<u>Explanation:</u>

<u>The following formula is used </u>

Price = D1 / ke -g

39.86 = 1.2 multiply with (1 + g) / 0.095 - g

3.7867 – 39.86 g = 1.2 + 1.2 g

2.5867 = 41.06 g

Now, we have to calculate the value of g  

g = 2.5867 divide 41.06

= 0.0629  

= 6.29 %

Where:

G = growth, ke = market rate of return, D1 = dividend ( annual), P = price of the share of company

7 0
3 years ago
Selecting a rental car from the government rates tab will result in a daily fee that provides you with unlimited mileage, liabil
Eva8 [605]
The U.S. Government Rental Car Program is an excellent example of a very effective working relationship between government and industry to provide quality vehicles at reasonable prices for federal travelers on official travel. U.S. Government Rental Car Agreement Number 4<span> governs the rental of vehicles (passenger cars, sports utility vehicles, station wagons, passenger vans, and small pick-up trucks) by military members, employees of the Federal Government, and employees of the United States Postal Service while in official travel status and when such rental is authorized by the Government.
</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
3 0
3 years ago
When Castle Corporation pays insurance premiums, the transaction is recorded as a debit to prepaid insurance. Additional informa
atroni [7]

Answer:

$227,500

Explanation:

The computation of the total amount of cash paid is shown below:

Cash paid for insurance premium = Prepaid Insurance at end of the year  + Prepaid Insurance recognized - Prepaid Insurance at the beginning of the year

= $61,250 + $218,750 - $52,500

= $227,500

We simply applied the above formula so that the correct amount of cash paid could come with respect to the insurance premium

5 0
3 years ago
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