Answer:
D. It measures a firm's ability to pay its long-term debts as they mature
Explanation:
The current ratio is a ratio of current assets and the current liability which is required to judge the liquidity of the short term.
Current ratio = (Total Current assets) ÷ (total current liabilities)
It is always expressed in times
The current assets equal to
= Cash balance + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses, etc
And, the current liabilities
= Short-term obligations + Accounts payable
Answer:
FLSA rules establish that only short coffee breaks (between 5 to 20 minutes) should be compensated as work time. Meal periods that last at least 30 minutes are not compensable work time.
If maintenance workers are recalled earlier, that time counts as work time because they are performing their normal work tasks.
Answer:
The acquisition cost is $38140
Explanation:
acquisiton cost = invoice price + applicable sales tax - cash discount + freight paid + cost of insurance + installation cost +testing and adjusting costt
= $34000 + $2000 - $400 + $260 + $125 + $2000 + $425
= $38410
Therefore, The acquisition cost is $38140.
Answer:
DM Cost per Equivalent unit: 4.25
Explanation:
22400 beginning 60% materials 20% conversion
140,000 started
33600 ending 90% materials 40% conversion
Beginning Inventory
DM 71,160
DL 26,610
MO 20,110
Conversion Cost 46,720
Cost during the month
DM 618,800
DL 241,330
MO 513,600
Conversion Cost 754,930
Equivalent units Materials
22,400 * .4 8,960
140,000 140,000
33,600 * .1 (3,360)
145,600
DM Cost per Equivalent unit: 4.25
