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disa [49]
3 years ago
6

Data from Fontecchio Corporation's most recent balance sheet appear below:

Business
1 answer:
Sonbull [250]3 years ago
4 0

Answer:

the acid test ratio is 0.7 times

Explanation:

The computation of the acid test ratio is shown below;

Acid test ratio is

= Quick assets ÷ current liabilities

= (Cash + marketable securities + account receivable) ÷ current liabilities

= ($37,000 + $39,000 + $97,600) ÷ ($248,000)

= 0.7

Hence, the acid test ratio is 0.7 times

This is the answer but the same is not provided in the given options

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Indian GDP in 2010 was 78.9 trillion rupees, whileU.S. GDP was $14.5 trillion. The exchange rate in 2010 was 45.7 rupees per dol
olga2289 [7]

Answer:

Explanation:

a )

Ratio of GDP on the basis of exchange rate :

GDP of india / GDP of united states

= 78.9 x 10¹⁸ x 1 / 14.5 x 10¹⁸ x 45.7

=  0.12

b )

Ratio of GDP on the basis of commonprices :

GDP of india / GDP of united states

= (78.9 x 10¹⁸  / 14.5 x 10¹⁸ ) x ratio of price level

=  (78.9 / 14.5) x .368

=  2

c ) These two numbers are different because the exchange  rate of currency

is controlled by price level in two countries but exchange rate is also influenced by many other factors including price level . So ratio of price level and exchange rate are different. Exchange rate is also influenced by speculative demand , foreign exchange reserve etc.

6 0
3 years ago
_____ involves making slight modifications to existing products in an effort to distinguish a product from the competition.
dexar [7]
Continuous innovation involves making slight modifications to existing products in an effort to distinguish a product from the competition.
your answer is continuous innovation
hope that helps
5 0
3 years ago
The resource management planning process includes the following steps:
mote1985 [20]

Answer:

The correct answer is C

Explanation:

Resource management plan is a kind of tool which is used by the project managers in order to manage the resources. Basically, a resource management plan is used to control the most vital resource of every project, which is the human resource.

The last and final step in the resource management plan is maintaining or keeping a resource inventory.

6 0
3 years ago
At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finish
White raven [17]

Answer:

Answer for the question:

At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finished and an additional 5,500 units were started and completed during the period. 1,000 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were__________.

Is given in the attachment.

Explanation:

3 0
4 years ago
What is austin's mileage expense deduction (at the standard mileage rate) for his business as a personal trainer?
Ugo [173]

Answer:

$1,653

Explanation:

Austin can only file a mileage expense deduction for the miles he drives for business purposes; only 2,850 miles were driven for business purposes from his to the gym. Miles driven from your home to work or vice versa are not deductible.

to calculate the mileage expense we multiply the amount of qualifying miles times the standard deduction rate = 2,850 miles x $0.58 per mile = $1,653

3 0
3 years ago
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