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allsm [11]
3 years ago
7

Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The curren

t assets consisted of $62,000 Cash; $43,000 Accounts Receivable; and $88,000 of Inventory. The acid-test (quick) ratio is: [Round your answer to the nearest two decimal places...ex: 3.246
Business
1 answer:
Pavlova-9 [17]3 years ago
8 0

Answer:

.77

Explanation:

Calculation to determine what The acid-test (quick) ratio is

Using this formula

Quick Assets = Cash+Accounts Receivable/Current liabilities

Let plug in the formula

Quick Assets=$62,000+43,000/$137,000

Quick Assets=$105,000/$137,000

Quick Assets= .77

Therefore The acid-test (quick) ratio is .77

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If the perpetual inventory records show lower quantities of inventory than the physical count, an explanation of the difference
defon

Answer:

<em>Purchases</em>

Explanation:

In a permanent process, <em>at the time of the transaction or sale, transactions are automatically debited directly to the stock / inventory rather than to a transaction account</em>.

Any transaction demands stock to be instantaneously credited. Inability to report a purchase would therefore underestimate inventory.

4 0
3 years ago
Margo insists that her dreams frequently enable her to perceive and predict future events. margo is claiming to possess the powe
Alinara [238K]

Margo insists that her dreams frequently enable her to perceive and predict future events. margo is claiming to possess the power of precognition.

The alleged psychic phenomenon known as precognition involves seeing or otherwise becoming immediately aware of future events. Precognition is usually regarded as pseudoscience because there is no acknowledged scientific proof that it has any validity.

Precognitive dreams are frequently explained by coincidence or the law of large numbers. There will occasionally be matches between dream visions and specific future events or imagery given sufficiently many possibilities. Precognition is the supernormal ability to know what will happen in the future, with the focus being on foretelling events rather than mentally influencing them to happen.

To know more about  Precognition refer to:  brainly.com/question/14799941

#SPJ4

6 0
2 years ago
When it comes to saving money, what is a good rule of thumb?
mash [69]
Think this is a keep most of your saving in your checking account
3 0
4 years ago
Nuevo York County maintains the Metro Bus Enterprise Fund to account for the activities of its municipal bus service. The follow
Ket [755]

Answer:

$150,000 (land (400,000) - current BP (250,000)

Explanation:

Hope this helps

5 0
4 years ago
As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible
amm1812

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone.  Many banks will demand a business proposal to be backed with some guarantee to secure funding.

3 0
3 years ago
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