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
maria [59]
3 years ago
9

Mark Company’s balance sheet reported total assets of $754,000, which include: cash, $48,000; accounts receivable, $130,000; lan

d, $200,000; inventory, $220,000; short-term notes receivable, $150,000; and prepaid expenses, $6,000. Total liabilities amounted to $408,000, which include: accounts payable, $230,000; short-term notes payable, $10,000; unearned revenue, $8,000; and long-term liabilities, $160,000. Compute Mark’s acid-test ratio. 2.23 1.85 2.00 1.32
Business
1 answer:
muminat3 years ago
3 0

Answer:

d) 1.32

Explanation:

The quick ratio uses only the most liquid current assets.

quick \: ratio = \frac{cash \:and \:cash \:equivalent}{current \:liabilities}

cash 48,000

AR 130,000

Short Term receivable 150,000

<em>Total 328,000</em>

<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets

Current liabilities

account payable 230,000

short-term notes payable 10,000

unearned revenue 8,000

<em>Total 248,000</em>

<em>Quick Ratio</em>

\frac{328,000}{248,000} = 1.322580645 = 1.32

You might be interested in
Aneal is a very successful employee in the IT department. His supervisor wishes to recognize him with a promotion to give him mo
steposvetlana [31]

Answer:

C. She can offer Aneal a position on an individual contributor career track and the title of senior IT specialist.

Explanation:

8 0
3 years ago
Read 2 more answers
Please please.pleas help me
Scilla [17]
Answer: in pic
explanation: found here https://environmental-conscience.com/being-a-consultant-pros-cons/

8 0
3 years ago
How is the law of increasing costs similar to the concept of decision making at the margin?
amm1812
Helpppp usssss plzzzzzzzzzzzzzzzz
3 0
4 years ago
During june, vixen company sells $850,000 in merchandise that has a one year warranty. experience shows that warranty expenses a
Musya8 [376]

Answer:

Explanation:

The journal entry is shown below:

Warranty expense A/c Dr $25,500

        To Estimated warranty liability $25,500

(Being the estimated warranty provision is recorded)

The computation is shown below:

= Merchandise sale value × given percentage

= $850,000 × 3%

= $25,500

Simply we debited the warranty expense and credited the estimated warranty liability so that the correct posting can be done.

4 0
3 years ago
Lahdekorpi OY, a Finnish corporation, owns 100 percent of Three- O Company, a subsidiary incorporated in the United States. Requ
RUDIKE [14]

Answer:

Lahdekorpi OY, a Finnish corporation and Three-O Company, a subsidiary incorporated in the United States

Transfer Pricing:

a) The best transfer pricing method in this case is the cost plus method.  This gives the transfer price as Cost + 50%.

b) The appropriate transfer price should be $3 ($2 x 1.5).

Explanation:

Transfer pricing arises when controlled entities set prices for exchange of goods and services.  When Lahdekorpi OY, a Finnish corporation, sells wooden puzzles to Three-O Company, given their relationship, transfer pricing has arisen.  It is the assignment of cost for goods and services exchanged between related parties, like a parent and a subsidiary.

There are many Transfer Pricing methods which entities and the taxing authorities can use to determine the best transfer price.  According to the Organisation for Economic Co-operation and Development (OECD) Multinational Entities and tax authorities can use any of these five main transfer pricing methods:

a) Comparable uncontrolled price (CUP) method. The CUP method is grouped by the OECD as a traditional transaction method (as opposed to a transactional profit method)

b) Resale price method

c) Cost plus method

d) Transactional net margin method (TNMM)

e) Transactional profit split method.

7 0
3 years ago
Other questions:
  • Tigyyggggggggggguihiuhi
    12·1 answer
  • Dextra Computing sells merchandise for $20,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires
    7·1 answer
  • When we say that the classical model of decision-making specifies how managers should make decisions, this is another way of say
    8·1 answer
  • In which economic system does the government own most of the factories, equipment, and agricultural lands?
    10·1 answer
  • What is the best way to increase the availability of ecotourism? fly in more people from around the world. reduce the prices so
    14·2 answers
  • Why is the digital divide so determined by class?
    15·1 answer
  • Agassi Corporation sells products for $90 each that have variable costs of $60 per unit. Agassi’s annual fixed cost is $450,000.
    6·1 answer
  • Explain the difference between gross pay and net pay.
    8·1 answer
  • The delta of a call option on a non-dividend-paying stock is 0.4. What is the delta of the corresponding put option?
    5·1 answer
  • Jackson automotive has net working capital of $22,600, current assets of $56,500, equity of $62,700, and long-term debt of $31,9
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!