Answer:
1.87%
Explanation:
Based on the above information, the formula for Quick ratio is
= ( Cash + Marketable securities + Accounts receivables ) / Current liabilities
Where;
Cash = $15,673
Marketable securities = $31,804
Accounts receivables = $69,135
Current liabilities = Accounts payable + Accrued liabilities + Notes payable
= $34,234 + $6,513 + $21,712
= $62,459
Quick ratio
= ($15,673 + $31,804 + $69,135) / $62,459
= $116,612 / $62,459
= 1.87%
Answer:
net purchases = $374,400
cost of goods purchased = $391,500
Explanation:
net purchases = total purchases - purchase returns and allowances - purchase discounts = $392,500 - $11,900 - $6,200 = $374,400
cost of goods purchased = net purchases + freight in costs = $374,400 + $17,100 = $391,500
If you’re lucky, the lender won’t report that you were late. “The
first thing to note is that most lenders do not report missed payments
until the account is 30+ days past due,” says Anthony Sprauve, director
of public relations for MyFico.com. “Suppose a given credit card payment
is due on May 15th (and) the payment is made on May 25th. Technically
the payment is late, and fees and interest charges may apply. But in
most cases, this late payment would not be reported by the creditor to
the credit reporting agencies (CRAs).”
Or it’s possible your lender may overlook for the transgression.
Steve Ely, president of eCredable.com, adds: “The larger creditors (like
credit card companies) usually have sophisticated analytic models
working behind the scenes that take into account your history of
payments. If you’ve been paying on time for a long time, they’re likely
to forgive your one late payment, and let it slide.”
Answer:
Jane spends $6/lb for the vegetables.
Explanation:
Multiply the number of pounds of fruit she bought and the cost for each pound. That would mean 4 times 5 which equals 20. Subtract 20 from 50 because that shows you how much money she had left. Divide the number of money she has left with the amount of pounds she bought. 30 divided by 5 gives you your final answer of $6 per pound.
Answer:
Rise
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
If price is increased and demand is inelastic, the fall in quantity demanded would be less than the increase in price. As a result total expenditures would increase
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls