All categories

2 years ago

Presented below is information available for Crane Company.

Business

1 answer:

JulsSmile [24]2 years ago

3 0

Answer:

the acid-test ratio is 1.5 times

Explanation:

The computation of the acid-test ratio is as follows:

Acid test Ratio = Quick assets ÷ current liabilities

where,

Quick Assets is

= Cash + short tern investments + Account receivable

= $3,500 + $50,000 + $56,000

= $109,500

And, the current liabilities is $73,000

So, the acid-test ratio is

= $109,500 ÷ $73,000

= 1.5 times

Hence, the acid-test ratio is 1.5 times

You might be interested in

Gross Inc. signs a five-year licensing agreement with Maiger Company. Gross Inc. will pay Maiger annual installment payments of

olganol [36]

Answer:

$4,500

Explanation:

First, calculate the total Installment

Total Installment payment = Annual Installment x Numbers of annual

Where

Annual Installment = $10,500 per year

Numbers of annual = 5 years

Installment payment = $10,500 per year x 5 years

Installment payment = $52,500

Now use the following formula to calculate the Interest payent

Interest payment = Installment Payment - Fair value of contract

Where

Installment Payment = $52,500

Fair value of contract = $48,000

Placing values in the formula

Interest payment = $52,500 - $48,000

Interest payment = $4,500

7 0

3 years ago

Sebastian Wayne's filing status is married filing jointly, and he has earned gross pay of $3,940. Each period he makes a 401(k)

Artist 52 [7]

Answer:

Social Security Tax = $ 244.28

Medicare tax = $ 57.13

Explanation:

Social Security Tax: $3,940 x 6.20% = $244.28

Medicare tax: $3,940 x 1.45% = $ 57.13

4 0

3 years ago

Andrew is the prom committee chairman. He is at the prom and realizes that the meal delivered to the attendees was steak and not

scoray [572]

Answer:

monitoring and controlling

Explanation:

The five stages in the project management process are:

Project initiation
Project planning
Project execution
Project monitoring and controlling: in this stage you must measure the project's performance in order to identify any possible deviation from the project's plan. Project managers should use key performance indicators (KPI) to determine if the project s on track or not. In this case, one KPI was chicken meal and the deviation was steak meal.
Project closure

5 0

2 years ago

Tony signed a contract agreeing to purchase a used, high-powered boat for $10,000. Prior to signing the contract, the sales repr

Burka [1]

Answer:

<em>Most definitely, Tony would lose due to the integration clause.</em>

Explanation:

An integration clause <em>requires a short paragraph to be inserted into a written contract to confirm a final deal between two sides.</em>

Since drafting a written contract, it may fail to be fully checked by one of the parties involved to ensure that all provisions are included and that both parties sign the contract, which Tony failed to consider.

If this happens, one party could contend that the other failed to uphold a particular condition or phrase that they consented to verbally.

4 0

3 years ago

Hi I'm sorry for righting wrong answers for points so just answer hi and get 90 points

inessss [21]

Answer:

hey queen

Explanation:

6 0

3 years ago

Read 2 more answers