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Oksi-84 [34.3K]
3 years ago
8

The following financial statement information is available for Houser Corporation: 2012 2011 Inventory $ 44,000 $ 43,000 Current

assets 81,000 106,000 Total assets 432,000 358,000 Current liabilities 30,000 36,000 Total liabilities 102,000 88,000 The current ratio for 2012 is Group of answer choices .37:1. 2.7:1. .79:1. 4.24:1.
Business
1 answer:
Burka [1]3 years ago
5 0

Answer:

2.7:1

Explanation:

Calculation to determine what The current ratio for 2012 is

Using this formula

The current ratio for 2012= Current assets/Current liabilities

Let plug in the formula

Current ratio for 2012= ($81,000/$30,000)

Current ratio for 2012=2.7:1

Therefore The current ratio for 2012 is 2.7:1

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Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can
vova2212 [387]

Answer: $4

Explanation:

The Bottle division is said to be able to meet all excess demand outside as well as that of the Cologne Division.

When this is the case in a company, individual divisions are allowed to transfer to each other at a rate equal to their Variable Costs. This is the general rule.

The Variable Costs for the containers is $4 so that is the transfer price as well.

6 0
3 years ago
The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below
Natasha_Volkova [10]

Answer and Explanation:

The preparation of the schedule to reconcile the net income to net cash flow from operating activities is presented below:

Cash from operating activities    

Net income           $24

Adjustment to reconcile    

Add: Depreciation expense         $11.5

Add: Depletion expense         $5.4

Less: Gain on sale of Equipment      -$17.5

Add:  Loss on sale of land         $7.3

Less: increase in account receivable ($292.30 - $228) -$64.30

Add:  increase in accounts payable ($177.60 - $165)   $12.6

Add: increase in salaries payable ($29 - $24)  $5

Add: decrease In prepaid insurance ($18.7 - $14.3) $4.4

Add: Decrease in bond discount ($12.3 - $10.4)  $1.9

Add: increase in income tax payable ($24 - $12.4) $11.60

net cash flow from operating activities  $4.20

The cash outflow represents in a negative sign while the cash inflow represents in a positive sign

6 0
3 years ago
Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer pro
katovenus [111]

Answer:

increased

Explanation:

The correct answer is that the equilibrium wage increased as the equilibrium quantity of labor increased.

7 0
3 years ago
People's Clinic purchased a special machine for use in its laboratory on January 2, 2016. The machine cost $100,000 and was expe
klemol [59]

Answer:

Depreciation Expense for 2018; $10,528.57  

Explanation:

On January 2, 2016

machine cost = $100,000

Useful life = 10 years

Annual depreciation = ($100,000 - $6000)/10

                                  = $9,400

By early 2018,

Carrying amount of the machine

= $100,000 - 2($9,400)

= $100,000 - $18,800

= $81,200

Useful life is reassessed to 7 years (rather than 8) with a salvage value of $7,500

Annual Depreciation = ($81,200 - $7,500)/7

                                  =  $73,700/7

                                  =  $10,528.57  

Depreciation Expense for 2018; $10,528.57  

6 0
4 years ago
Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
Tasya [4]

Answer:

organizational story

Explanation:

Heidi Ganahl -  

She is a very famous author , businesswomen and entrepreneur , the very founder of the Camp Bow Wow , which is a franchise for pet care.  

Heidi Ganahl is characterised as an organizational story for her franchise Camp Bow Wow , where the people working in the camp Bow Wow all listen to the inspirational stories of her life , and feel motivated to do the same .

Hence , from the given information of the question,  

The correct term is organizational story .

6 0
4 years ago
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