1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zaharov [31]
3 years ago
12

At​ year-end, Stick Company has cash of $ 15 comma 000​, current accounts receivable of $ 30 comma 000​, merchandise inventory o

f $ 40 comma 200​, and prepaid expenses totaling $ 5 comma 900. Liabilities of $ 60 comma 000 must be paid next year. What is Stick's ​acid-test ratio?
Business
1 answer:
tia_tia [17]3 years ago
6 0

Answer:

0.75 times

Explanation:

The computation of the acid test ratio is shown below:

Quick ratio = Quick assets ÷ total current liabilities  

where,  

Quick assets = Account receivable + cash balance

=  $30,000 + $15,000

= $45,000

And, the current liabilities is $60,000

Now put these values to the above formula  

So, the value would equal to

= $45,000 ÷ $60,000

= 0.75 times

You might be interested in
Which professional’s advice is Peter seeking? Peter wants to buy office space for his new business. However, he is not sure if t
Igoryamba
Peter is consulting someone who sells commercial real estate. Peter wants to make sure he's in a good place business wise and that it is the best time before he makes the purchase for a new building. By consulting the agent, he can get a better understanding of when the right time to purchase will be. 
4 0
3 years ago
Read 2 more answers
AccuroDisk Inc. manufactures external hard disks for $32 per unit, and the maximum price customers are willing to pay is $47 per
Kamila [148]

Answer:

C) AccuroDisk creates a greater economic value than TD Storage.

Explanation:

Economic value can be defined as the value added by a producer of a good and it is measured by the maximum amount that consumers are willing to pay for that good minus the costs of production.

AccuroDisk economic value = $47 - $32 = $15

TD Storage economic value = $50 - $37 = $13

6 0
3 years ago
Movie tickets and film streaming services are substitutes. If the price of film streaming increases, what happens in the market
alexdok [17]

Answer:

Since no one would be buying the movie tickets then the market would go down and probably crash. hope this helps!

6 0
2 years ago
ABC Corporation is considering the purchase of a machine that would cost $110,000 and would last for 4 years. At the end of 4 ye
Ahat [919]

Answer:

-$8,705

Explanation:

The computation of the Net present value is shown below

= Present value of all yearly cash inflows after applying discount factor + salvage value - initial investment

where,

The Initial investment is $110,000

All yearly cash flows would be

= Annual cost savings × PVIFA for 4 years at 12%

= $30,000 × 3.0373

= $91,119

Refer to the PVIFA table

And, the salvage value would be

= Salvage value × pvif for 4 years at 12%

= $16,000 × 0.636

= $10,176

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

Now put these values to the above formula  

So, the value would equal to

= $91,119 + $10,176 - $110,000

= -$8,705

5 0
3 years ago
According to the video, what do Financial Analysts analyze? Check all that apply.
STatiana [176]

A-D

-financial records

-a company’s competitors

5 0
3 years ago
Read 2 more answers
Other questions:
  • Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that
    12·1 answer
  • Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota
    7·1 answer
  • What is meant by centralised direction?
    7·1 answer
  • Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs
    13·1 answer
  • In ________ markets, participants post bid and ask prices at which they are willing to trade, but orders are not automatically e
    8·2 answers
  • In a dealer market, some dealers hold a certain inventory of specific securities and create a liquid market by purchasing and se
    14·1 answer
  • What does Market Power mean?
    12·1 answer
  • Premier Co. produces park equipment and is currently producing 10,000 park benches annually. A supplier has offered to produce t
    5·1 answer
  • Adamson Corporation is considering four average-risk projects with the following costs and rates of return:
    15·1 answer
  • assume bell computer company operates in a perfectly competitive market producing 5,000 computers per day. at this output level,
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!