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solong [7]
2 years ago
9

Using the following year-end information for WorkFit calculate the acid-test ratio:

Business
1 answer:
ASHA 777 [7]2 years ago
7 0

Answer:

0.97

Explanation:

The computation of the acid-test ratio is given below:

= Quick assets ÷ current liabilities

= (cash + short term investment + account receivable + supplies) ÷ (accounts payable + wages payable)

= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)

= $135,710 ÷ $139,900

= 0.97

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Eagle Equipment Corporation discharges Jay, who then sues Eagle for employment discrimination under Title VII. Eagle learns that
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Answer:

The correct answer is D

Explanation:

Title VII of the 1964, Civil Rights Act, states the federal law and it prohibits the employers from discriminating the employees on the grounds of color, sex, religion, race and national origin.

So, in this case, Jay sues the corporation against this title, but the corporation learns that Jay lied on his job application and on this ground the corporation would fired him. This is done after acquiring the evidence and it is not a defense.

4 0
3 years ago
Which of the following statements concerning ideal standards is incorrect?
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Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

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3 years ago
On January 1, 2019, Cullumber Corporation acquired machinery at a cost of $1650000. Cullumber adopted the straight-line method o
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Answer:

$0

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2 years ago
Match each term on the left with the best definition on the right. Note: Not all definitions will be used. A detailed record of
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Answer:

the answer is the 1st with the 3rd 2nd with the 1st 3th with the 4th and4th with 2nd

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i think

7 0
2 years ago
When the required return is equal to the coupon rate, the bond value is▼equal togreater thanless thanthe par value. In contrast
-BARSIC- [3]

1) Answer: When the required return is equal to the coupon rate, the bond value is equal to the par value,

2) if the required return is less than the coupon rate the bond will sell at a premium.

Explanation:

1) The reason for this that the required return is the market or investors required rate of return for a particular bond, when the required rate and coupon rate are equal it means that the investor is getting the return he wants in coupon payments, therefore the investor will be willing to buy the bond on par value, as he is getting his required return in the form of coupon payments.

2) When the required return is less than the coupon rate the investor is getting more in coupons than he required from the bond so the bonds price will be higher than par so that the return from the coupons become equal to the required rate of return. Thats why when a bonds required return is less than the coupon it sells on a premium.

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3 years ago
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