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aivan3 [116]
3 years ago
12

What is the quick ratio of a company that has a balance sheet showing cash of $120,000, accounts receivable of $80,000, inventor

ies of $125,000, accounts payable of $140,000, and owner's capital of $185,000
Business
1 answer:
Dmitrij [34]3 years ago
4 0

Answer:

the quick ratio is 1.4 times

Explanation:

The computation of the quick ratio is given below:

Quick ratio is

= (Cash + Accounts receivables) ÷Current liabilities

= ($120,000 + $80,000) ÷ $140,000

= 1.4 times

hence, the quick ratio is 1.4 times

The same should be considered and relevant

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,
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The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Learn more here:

brainly.com/question/15708509

4 0
2 years ago
A registered representative solicits a new customer to purchase a "penny stock." Prior to effecting the transaction, which proce
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Answer: StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order

Explanation:

The options to the question are:

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The correct answer is StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order.

Under the penny stock rule of the Securities exchange commission, when a new customer is being solicited by a registered representative to purchase an over-the-counter stock non-NASDAQ, a detailed statement must be completed by the registered representative on behalf of the customer.

7 0
3 years ago
If an agreement does not contain an arbitration clause, the parties may, nevertheless, agree to arbitration by entering into a _
juin [17]
Entering into an Alternative Dispute Resolution (ADR) agreement.

Alternative Dispute Resolution is very much akin to arbitration in which the parties that are agreeing to surrender their rights to access the judicial system in a civil court that enables a party to bring a lawsuit against another party that is in said agreement.
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3 years ago
Who is responsible for fiscal​ policy?
TiliK225 [7]

Answer:

C. The federal government controls fiscal policy. 

Explanation:

Fiscal policy are policies enacted by the government using its spending or taxes to stabilise the economy. There are two types of fiscal policy, expansionary and contractionary fiscal policy.

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A. Reduction of taxes - this increases disposable income and increases consumer spending which increases money supply.

B. Increased government spending- this is when government increases its spending usually on public projects.

2. Contractionary fiscal policy are policies that reduces the money supply in an economy. They include:

A. Increase in taxes- an increased tax reduces disposable income and money supply in an economy.

B. Reduced government spending - reduced government spending reduces money supply.

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I hope my answer helps you.

3 0
3 years ago
For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally mu
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Answer:

Can be no lower than its world beta

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For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>

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