Answer:
Sue should turn it over the to her broker
Explanation:
The agreement between Salesperson Sue customer Bob included a good faith deposit of $5,000 in the form of a check, which Bob has given to Sue. Absent any specific instructions, Sue should turn it over the to her broker should Sue do with Bob's check.
Answer: 3.4
Explanation:
The Quick ratio is calculated by Dividing Quick Assets by the current Liabilities.
Quick Assets are current assets that are either cash or cash equivalents.
That includes Account Payables, Cash and Marketable securities.
Adding them up,
= 60,000 + 30,000 + 30,000
= $120,000
The Current Liabilities are,
= Accounts Payable + Accrued Liability.
= 30,000 + 5,000
= $35,000
Quick Ratio = Quick Assets / Current Liabilities
Quick ratio= 120,000/ 35,000
Quick Ratio = 3.43
Quick Ratio is 3.4.
Answer:
The variable manufacturing cost per unit of Grover Company is $430
Explanation:
The variable manufacturing cost include Manufacturing overhead cost, Labor cost and Direct materials cost.
Marketing and administrative cost belongs to selling expense.
The variable manufacturing cost per unit = Manufacturing overhead cost per unit + Direct labor cost per unit + Direct materials cost per unit = $95 + $115 + $220 = $430