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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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Suppose all of the major computer manufacturers announced that beginning next month there would be major price reductions on the
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Answer:

The correct answer is "decrease".

Explanation:

This would cause the current demand for computers to decrease because consumer expectations would be displaced in the long run by waiting for computer prices to decrease before going to buy them. This behavior is due to the advance announcement of the manufacturers.

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3 0
3 years ago
A(n) _____ organization is characterized by a relatively low degree of job specialization, loose departmentalization, few levels
lbvjy [14]

Answer:

organic

Explanation:

Based on the information provided within the question it can be said that the type of organization that is being described is called an organic organization. This is a type of organization that is extremely flexible, thus allowing it to easily adapt to changes in it's environment. Such aspects as the ones described in the question allow an organization to become flexible.

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3 years ago
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Which of the following people is functioning as a producer?
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Answer:

D. Simon, who is baking a cake that will be sold in a bakery

Explanation:

Simon is the producer here because he is producing a product to sell on the market.

3 0
3 years ago
Determine the number of cycles per day and the production quantity per cycle for this set of vehicles: Product Daily Quantity A
PIT_PIT [208]

Answer:

The Number of cycles is 4

Product   Daily Quantity    Daily Unit per cycle

     A                 18                     18/4 = 4.5 units

     B                 16                     16/4 = 4 units

     C                 4                       4/4 = 1 unit

     D                 16                     16/4 = 4 units

3 0
3 years ago
As a small business owner in today’s economy, what three financial reports would you use on a regular basis? What information wo
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Answer: Balance Sheet

Profit and Loss Statement

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Balance Sheet or the statement of Financial Position  is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.

Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.

Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.

6 0
3 years ago
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