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Anastasy [175]
3 years ago
9

g Privett Company Accounts payable $33,411 Accounts receivable 66,433 Accrued liabilities 6,512 Cash 22,494 Intangible assets 37

,191 Inventory 89,982 Long-term investments 110,819 Long-term liabilities 75,872 Marketable securities 34,976 Notes payable (short-term) 29,393 Property, plant, and equipment 671,232 Prepaid expenses 1,809 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point
Business
1 answer:
uranmaximum [27]3 years ago
6 0

Answer:

1.79

Explanation:

Quick ratio = (Current assets - Inventory - Prepaid expenses) / Current liabilities

Quick ratio = (Account Receivable + Cash + Marketable securities) / (Account Payable + Accrued liabilities + Notes payable)

Quick ratio = (66,433 + 22,494 + 34,976) / (33,411 + 6,512 + 29,393)

Quick ratio = $123,903 / $69,316

Quick ratio = 1.78751

Quick ratio = 1.79

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3 years ago
1. describe a buying situation in which you were successfully cross-sold and a situation in which you were ""traded up.""
geniusboy [140]

To Cross-sold means a sales tactic used to get a customer to spend more by purchasing a product that's related to what had been bought already. Read below about trade up.

<h3>What does it mean to be traded up?</h3>

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3 0
2 years ago
Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $429,000 for extrac
givi [52]

Answer:

cost depletion expense =  $128700

so correct option is B. $128,700

Explanation:

given data

paid = $429,000

recover = 6,500 pounds

extracted = 1,950 pounds

sold = $277,000

to find out

cost depletion expense

solution

we get here cost depletion expense that is express as

cost depletion expense = \frac{paid}{recover} × extracted   ...........1

put here value we get

cost depletion expense = \frac{429000}{6500} × 1950

cost depletion expense =  $66 × 1950

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so correct option is B. $128,700

5 0
3 years ago
If a game is not sold out, the marginal costs to a team accommodating one more fan is(a) Almost infinite.(b) Half the average ti
rosijanka [135]

Answer:

(c) Essentially zero.

Explanation:

The cost of accomodating one more fan in a stadium that is not at full capacity (the game is not sold out) is almost zero because the stadium has the infraestructure to accomodate hundreds or thousands of fans.

The only cost is probably cleaning after the fan in case he or she throws away something in in or around his or her seat.

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3 years ago
What is the standard for determining how well marketing works in a free
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Answer:

d.

Explanation:

4 0
3 years ago
Read 2 more answers
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