Answer:
The correct option is B that is 0.45
Explanation:
Computing the Current Ratio with the formula which is as:
Current Ratio (CR) = Current Assets (CA) / Current Liabilities (CL)
where
Current Ratio (CA) is $477.50
Current Liabilities (CL) is $1075
Putting the values in the above formula of Current Ratio (CR):
= $477.50 / $1075
= 0.444 or 0.45
Note 1: Inventory will not be included while computing the current ratio, as it is already been added in the current assets. Therefore, there is no need of adding it twice in the Assets.
Note 2: This is the correct formula for computing the current ratio and I computed the same with the given information, so it 0.45 is the correct answer.
Answer:
$15,400
Explanation:
Given
70% of sales are collected in the month of the sale, and the remainder are collected in the following month.
Considering the month of July with Accounts receivable balance (July 1, 2018) $20,000
Sales = $24,000
Cash collected = 20000 + (70% × 24000)
= 20000 + 16800
= $36,800
Account receivable balance (1 August, 2018)
= 30% × 24000
= $7,200
For the month of August
Sales = $14,000
Cash collected = 7200 + (70% × 14000)
= 7200 + 9800
= $17,000
Account receivable balance (1 September, 2018)
= 30% × 14000
= $4,200
For the month of September,
Sales = $16,000
Cash collected = 4200 + (70% × 16000)
= 4200 + 11200
= $15,400
The total cash collected from Sales which is made of 30% from the previous month's sales and 70% of September sales is $15,400
Answer:
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have a NYC day ahead... :)
Answer:
The Competition Commission is a statutory body constituted in terms of the Competition Act, No 89 of 1998 by the Government of South Africa empowered to investigate, control and evaluate restrictive business practices, abuse of dominant positions and mergers in order to achieve equity and efficiency in the South ...
Answer:
D. maximizing profit
Explanation:
Maximizing profit because maximizing wealth may also maximize expenses by a certain limit . Minimizing return or risk may not result in maximum profit.
Maximum profit may help the business to develop grow and have the best results. The primary objective of financial managers is to make the business and company more worthy to its owners employees etc. This is achieved by getting the maximum profits. The maximum profits in turn reward every person connected with the company.
