Answer:
Both ratios will increase where the accounts payable balance is paid off.
Step-by-step explanation:
The current ratio is given as
Current ratio = Current asset / current liabilities
Where the current assets are asset that can be converted into cash easily ( including cash and cash equivalents) while the current liabilities are liabilities to be settled in a short term, say 1 year.
Acid test ratio is given as
Acid test ratio = (Current asset - Inventories) / current liabilities
Here, the current assets excludes the assets that are not so easily converted to cash.
From the two formulas stated above, where the accounts payable balance which is an element of the current liabilities is paid off, the current liabilities balance reduces thus resulting in an increase in both ratio.
Hence, current and the acid-test ratios will increase where the accounts payable balance is paid off.
Answer:
Step-by-step explanation:
Tanisha, Elicia, and Ajua are cousins. Tanisha is twice as old as Ajua, and Elicia is two years older than Tanisha. The sum of all their ages is 37. Use variable expressions and calculate the age of each girl
Let us represent:
The age of :
Tanisha = a
Elicia = b
Ajua = c
Tanisha, Elicia, and Ajua are cousins. Tanisha is twice as old as Ajua
a = 2c
c = 2/a
Elicia is two years older than Tanisha.l
b = a + 2
The sum of all their ages is 37.
a + b + c = 37
We substitute
a + a + 2 + 2/a = 37
2a + 2 + 2/a = 37
Use variable expressions and calculate the age of each girl
Answer:
Step-by-step explanation:
Each time Kristine gets paid, she spends $20 and saves the rest.
Let the amount Kristine earns is represented by x.
Let the amount she saves is represented by y.
The equation forms:
So, the graph demonstrating this will be the answer.
Answer:
Yes a
Step-by-step explanation:
I took the test
