The ___________________Party believes in individual freedom and that the only purpose of government is to protect this freedom.

Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.1. What is t

Natalka [10]

Answer:

a

Explanation:

I have no clue but good luck on test

6 0

3 years ago

Clever Computers has a five-day workweek and pays the office staff $3,050 each week. If the month ends on a Thursday, the adjust

Oksana_A [137]

Answer: The correct answer is b.$3,050.

Explanation: Clever Computers has a five-day workweek and pays $3,050 each week. The payment will only occur at the end of the workweek when the staff have earned the wages. However, the month ended on Thursday, meaning that the staff have only worked for four-day workweek. They have therefore earned $2,440 (4/5*$3,050) at the end of the month but that payment is not due because the 5-day workweek has not been completed. The complete journals the company would raise would be Debit Wages (overhead) $2,440, Debit Wages receivable $610 and Cr Wages payable $3,050.

When it is next month after the five-day workweek has been completed, the company would Dr Wages Payable $3,050 and Credit Cash $3,050 to make the payment.

4 0

3 years ago

Select the appropriate reporting method for each of the items listed below.

Radda [10]

Answer:

Items --- Reporting Method

1 . Accounts payable - Current liability

2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

6 0

3 years ago

A financier plans to invest up to $400,000 in two projects. Project A yields a return of 11% on the investment of x dollars, whe

Alika [10]

Answer:

Profit = $ 49,600.

Explanation:

Given data:

Total investment $400,000

First, A + B = $400,000, since total money to invest $400,000.

from data given we have

Secondly, your revenue equation would be 1.1x + 1.15y = R

Since you earn the most from the B investment, use the max of 35% of 400,000 for y:

35% of 400,000 = 140,000 = y ;

400,000 - 140,000 = 260,000 = x

from revenue equation we have

1.11(260,000) + 1.15(140,000) = 449,600 = R

Profit = revenue - investment = 449,600 - 400,000 = 49,600.

3 0

3 years ago

Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following

maw [93]

Answer:

$250 million

Explanation:

Given that,

Cell phones:

Quantity produced = 5 million

Price per cell phone = $100

Pizza:

Quantity produced = 25 million

Price per pizza = $10

The market value of pizza is determined by the product of quantity produced and price of each pizza.

Market value of pizza:

= Quantity produced × Price per pizza

= 25 million × $10

= $250 million

8 0

3 years ago