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Aloiza [94]
3 years ago
10

Proton corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. recently, the company la

unched a new range of luxury cars to broaden its market appeal and to add prestige to its existing line of cars. this is an example of ________.
Business
1 answer:
Scilla [17]3 years ago
5 0

The example that is being shown in the scenario above is an example of product line stretching. A product line stretching is a way of having to implement or provide a strategy for a company in terms of their new products in a way of how they should expand it.

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You are evaluating the balance sheet for Blue Jays Corporation. From the balance sheet you find the following balances: cash and
bezimeni [28]

Answer:

a. Current ratio=2.105

b. Quick ratio=1.053

c. Cash ratio=0.211

Explanation:

a.

<em>Step 1: Determine total current assets</em>

The total current assets can be expressed as;

T=C+R+I

where;

T=total current assets

C=cash and marketable securities

R=accounts receivable

I=inventory

In our case;

T=unknown, to be determined

C=$200,000

R=$800,000

I=$1,000,000

replacing;

T=(200,000+800,000+1,000,000)=$2,000,000

Total current assets=$2,000,000

<em>Step 2: Determine total current liabilities</em>

The total current liabilities can be expressed as;

T=W+A+N

where;

T=total current liabilities

W=accrued wages and taxes

A=accounts payable

N=notes payable

In our case;

T=unknown, to be determined

W=$250,000

A=$400,000

N=$300,000

replacing;

T=(250,000+400,000+300,000)=$950,000

Total current liabilities=$950,000

<em>Step 3: Determine current ratio</em>

The current ratio can be expressed as follows;

Current ratio=total current assets/total current liabilities

where;

Current ratio=unknown, to be determined

total current assets=$2,000,000

total current liabilities=$950,000

replacing;

Current ratio=(2,000,000/950,000)=2.105

b.

<em>Step 4: Determine quick ratio</em>

The quick ratio can be expressed as follows;

Quick ratio=(current assets-inventory)/current liabilities

where;

Quick ratio=unknown, to be determined

current assets=$2,000,000

inventory=$1,000,000

current liabilities=$950,000

replacing;

Quick ratio=(2,000,000-1,000,000)/950,000

Quick ratio=1,000,000/950,000=1.053

Quick ratio=1.053

c.

<em>Step 4: Determine cash ratio</em>

The cash ratio can be expressed as follows;

Cash ratio=(cash+marketable securities)/current liabilities

where;

Cash ratio=unknown, to be determined

Cash and marketable securities=$200,000

current liabilities=$950,000

replacing;

Cash ratio=(200,000/950,000)=0.211

Cash ratio=0.211

7 0
3 years ago
Which is an example of a demand account?
Tamiku [17]

A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning.

Answer is D. checking account as they allow the depositor to withdraw funds at any time.

7 0
3 years ago
Read 2 more answers
As a component of real estate value, the principle of substitution suggests that_________.
melisa1 [442]

Answer:

<em>If two similar properties are for sale, a buyer will purchase the cheaper of the two</em>

Explanation:

This principle states <em>a property's maximum value is usually determined by the cost of purchasing an equivalent substitute property having the same usage, design, and income.</em>

For instance, why would someone pay $1,000,000 for an apartment when they could buy a different but equally desirable house for just $750,000 in the same area?

3 0
3 years ago
Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost ar
strojnjashka [21]

Answer:

The correct answer is a) Physical space for the gallery.

Explanation:

<u>Variable costs</u> fluctuate according on the production of goods of a company, while <u>fixed costs</u> stay the same regardless of the production output. Reviewing all the options:

  • Wages paid to three part-time employees <u>vary</u> depending on the amount of hours they work.
  • Accountant's fees for preparing tax returns <u>vary</u> depending on the time spent preparing the records.
  • The costs of purchasing art work to sell in the gallery <u>vary</u> depending on the amount of art purchased and its value.

That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.

7 0
3 years ago
Darren runs a barbershop with fixed costs equal to $40 per day and a total output of 10 haircuts per day. What is his weekly tot
mixer [17]

Answer:

$240

Explanation:

Darren runs Barber shop

His fixed costs daily is $40

The toal output per day is 10 haircuts

He is open 6 days in the week

Therefore weekly total fixed costs can be calculated as follows

= 40×6

= 240

Hence the weekly fixed cost is $240

7 0
3 years ago
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