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stepladder [879]

2 years ago

15

As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why

?

1 answer:

jok3333 [9.3K]2 years ago

6 0

Answer:

Specialty store

Explanation:

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The following items are reported on a company's balance sheet: Cash $225,000 Marketable securities 115,000 Accounts receivable (

aleksandrvk [35]

Answer:

Current ratio is 2.5:1

Quick ratio 1.9:1

Explanation:

Current ratio =current assets/current laibilities:1

current assets =cash+marketable securities+accounts receivables+inventory

current assets=$225000+$115,000+$112000+$158,000

current assets =$610,000

current liabilities=accounts payable=$244,000

Current ratio=610000/244000

current ratio=2.5 :1

quick ratio =(current assets-inventory)/current liabilities:1

quick ratio=(610000-158000)/244000

=1.9:1

The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business

Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash

7 0

3 years ago

Read 2 more answers

The four types of consumer products differ in terms of the (1) effort the consumer spends on the decision, (2) attributes used i

yarga [219]

Answer:

Types of Consumer Product Examples

Convenience Product: Zest bar soap

Shopping Product: Sony Blu-ray Disc™ player

Doritos Hermès Birkin bag

Goodyear Ultra Grip tires

Specialty Product: Patek Philippe watch

Maytag® dishwasher

Unsought Product: Royce Poplar coffin

Explanation:

a) The factors that distinguish consumer products are:

(1) effort the consumer spends on the decision

(2) attributes used in making the purchase decision

(3) frequency of purchase.

b) Types of Consumer Product

Convenience Product

Shopping Product

Specialty Product

Unsought Product

c) Product Examples:

Royce Poplar coffin

Patek Philippe watch

Sony Blu-ray Disc™ player

Maytag® dishwasher

Doritos Hermès Birkin bag

Zest bar soap

Goodyear Ultra Grip tires

6 0

2 years ago

Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar

Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0

2 years ago

An increase price caused no change in quantity demanded. Thus, demand must be

NNADVOKAT [17]

Answer:

Perfectly inelastic

Explanation:

A demand is perfectly inelastic when quantity demanded does not change in response to a change in price.

8 0

2 years ago

Hitzu Co. sold a copier (that costs $4,500) for $9,000 cash with a two-year parts warranty to a customer on August 16 of Year 1.

Makovka662 [10]

Answer:

Explanation:

Requirement 1

Warranty expense in 2015 = $9,000 x 6%

Warranty expense in 2015 = $540

Note: As mention above Hitzu expects warranty cost to be 6% of dollar sales

Requirement 2

Estimate warranty liability as of Dec 2015 = $540

Requirement 3

Warranty expense in 2016 = 0

Requirement 4

Estimated warrant liability as of Dec 2016 = $540 -$114

Estimated warrant liability as of Dec 2016 = $426

Note: As the repair costs 114 on the same day of repair.

7 0

3 years ago