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
Scilla [17]
3 years ago
10

Tony's Deli has cash of $145, accounts receivable of $99, accounts payable of $219, and inventory of $413. What is the value of

the quick ratio ?
Business
1 answer:
grigory [225]3 years ago
4 0

Answer:

the value of the quick ratio is 1.11 times

Explanation:

The computation of the value of the quick ratio is shown below:

Quick Ratio = Total Quick Assets ÷ Total current liabilities

= [Cash + Accounts Receivables] ÷ Accounts Payable

= [$145 + $99] ÷ $219

= $244 ÷ $219

= 1.11 Times

Hence, the value of the quick ratio is 1.11 times

You might be interested in
The detailed formulation of future actions to achieve a particular end is a management activity called_________
Ann [662]

Answer:

Planning

Explanation:

Planning is one of the 4 planning process functions. Other functions are organizing, leading and controlling. Planning is the primary function as it lays out the action plan that needs to be implemented to achieve organizational goals and objectives. Planning involves foreseeing the future and identifying different ways to achieve the predetermined objectives. It is one of the important functions of management as all other functions are dependent on this function.

7 0
4 years ago
Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part
slavikrds [6]
Pension plans are a type of retirement plan in which the employee and employer make contributions. These contributions are invested and to be received upon retirement. In most all cases pension plans are tax exempt. The two types of pension plans are defined benefit plans and defined contribution plans. A defined benefit plan guarantees an amount upon retirement no matter how the investment performed. A defined contribution plan is not a guaranteed amount and heavily depends on the investment performance.
5 0
3 years ago
How much should a single person spend on groceries?
victus00 [196]

Answer:

175$-348.80$

Explanation:

sorry if you get the answer wrong .

8 0
3 years ago
Read 2 more answers
Item9 5 points eBook ReferencesItem 9Item 9 5 points Item Skipped Determine whether each of the following statements is positive
lubasha [3.4K]

Answer:

Positive statement is defined as the statement which are fact based and tells us the reality and these statements can be tested, amended or rejected on behalf of the evidence.

Normative statement is defined as the statements which includes suggestions or opinions that can be tested by observing the evidence. These are the subjective statements.

(a) Positive statement

(b) Normative Statement

(c) Normative Statement

(d)  Positive statement

(e)  Positive statement

(f) Normative statement

5 0
3 years ago
A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when
Afina-wow [57]

Answer:

Present value deposit today = 216,886 (Approx)

Explanation:

Given:

Number of year (n) = 16 years x 4 quarter = 64

Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004

Future value = $280,000

Present value = ?

Computation of present value deposit today:

Present\ value = \frac{Future\ value}{(1+r)^n}\\\\Present\ value = \frac{280,000}{(1+0.004)^{64}}\\\\Present\ value = \frac{280,000}{1.291}\\\\Present\ value = 216,886.135

Present value deposit today = 216,886 (Approx)

8 0
3 years ago
Other questions:
  • You own three​ stocks: 600 shares of Apple​ Computer, 10 comma 000 shares of Cisco​ Systems, and 5 comma 000 shares of​ Colgate-
    5·1 answer
  • Costs that differ directly with the level of production are known as ________.
    13·1 answer
  • When a company needs precise answers about the effects of various proposed marketing actions on important outcomes, what type of
    15·1 answer
  • How do current events impact market performance and how does this influence policy decisions?
    8·1 answer
  • Where are you most likely to encounter lead on a construction site?
    5·1 answer
  • Is it true or false that once all franchis is paid for all profit goes to the entrepreneur
    14·1 answer
  • The following are types of rework except:________
    11·1 answer
  • Which should Jill do to increase her credit score?
    13·2 answers
  • A firm has beginning retained earnings of $6,880 and ending retained earnings of $7,430. What is the amount of dividends paid if
    15·1 answer
  • How would you do this question ??
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!