1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zinaida [17]
2 years ago
10

Dennisport Corporation has an acid-test ratio of 1.7. It has current liabilities of $56,000 and noncurrent assets of $87,000. Th

e corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory. Of Dennis Port current ratio is 2.3, its inventory and prepaid expenses must be:
Business
1 answer:
ra1l [238]2 years ago
3 0

Answer: $33600

Explanation:

Current liabilities = $56,000

Noncurrent assets = $87,000

First and foremost, we should note that:

Acid-test ratio = Current Assets / Current liabilities

Therefore,

1.7 = Current Assets / $56,000

Current assets = $56000 × 1.7

= $95,200

Also,

Current ratio = Current Assets / Current liabilities

Therefore,

2.3 = Current Assets / $56,000

Current assets = $56,000 × 2.3

= $128,800

Then, the inventory and prepaid expenses will be:

= $128,800 - $95,200

= $33,600

You might be interested in
Your boss makes an intentional effort to understand the emotion or mood of the office at all times. Your boss uses that informat
tankabanditka [31]

Answer:

The correct answer is: emotional intelligence.

Explanation:

To begin with, the concept of<em> "emotional intelligence"</em>, in the field of business, refers to the capability of individuals to recognize their own emotions and also the ones of the others around him, in order to use that information with the purpose of guiding or leading the thinking and behavior of the group or team in order to establish better results when working together as a whole. That is why, when your boss is making an intentional effort to understand the emotions of all the office and use that information to assign the teams, then he is using the emotional intelligence to work better.

6 0
3 years ago
What should the body of a cover letter include
Sedaia [141]

Answer:

<em>(1) Specific information on why you want that job</em>

<em>(2) Your knowledge on that position</em>

<em>(3) Describe what you have to offer to the employer</em>

<em>(4) Your qualifications</em>

<em>(5) The position you're applying for</em>

8 0
3 years ago
Country Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while C
muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

GDP per capita, income per capita or income per capita is an economic indicator that measures the relationship between the level of income of a country and its population. For this, the Gross Domestic Product (GDP) of said territory is divided by the number of inhabitants.

The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that shows in some way the level of wealth or welfare of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

4 0
3 years ago
An blank is a person who risks time and money to start and manage their own business
Harrizon [31]

Answer:

Entrepeneur

Explanation:

The entrepeneur is the person that is willing to take the financial risk linked to open up a business with the desire of obtain a profit.

5 0
3 years ago
Read 2 more answers
What is the time frame for reporting an accident to the michigan department of natural resources if property damage exceeds $2,0
serg [7]
The answer to the question above is "5 days" which is the time frame for reporting an accident to the Michigan Department of Natural Resources if property damage exceeds $2,000. This rule is according to the Boat Accident Reporting Requirements in Michigan. A "5 days" time frame for reporting also is done<span> for an accident that includes a missing person.</span>
8 0
3 years ago
Other questions:
  • Constructive criticism means:
    6·2 answers
  • The demand for loanable funds will increase if (2 points)
    7·1 answer
  • Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 68,500 jet skis. Finished goods inventor
    10·1 answer
  • ECON Good morning can someone answer this ASAP
    5·2 answers
  • When demand is inelastic and price is decreased:
    15·1 answer
  • Decision makers and analysts look deeply into profitability ratios to identify trends in a company’s profitability. Profitabilit
    10·1 answer
  • Identify and explain in detail 5 objectives of an entrepreneur
    7·1 answer
  • Precision Tool is trying to decide whether to lease or buy some new equipment for its tool and die operations. The equipment cos
    5·1 answer
  • In capitalism what is pure competition?
    11·1 answer
  • Before the year​ began, Tardis Manufacturing estimated that manufacturing overhead for the year would be $175,700 and that 25,90
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!