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3 years ago

Which of the following measures indicates

Business

1 answer:

igor_vitrenko [27]3 years ago

5 0

Answer:

e). all of the above

Multiple-choices

a). working capital

b). current ratio

c). quick ratio

e). all of the above

Explanation:

Working Capital is the difference between the total current asset and current liabilities. I.e., working capital = total current assents - total current liabilities. It is calculated to assess a company's ability to pay its current liabilities.

The Current Ratio is calculated using the formula below.

current ratio= total current assets / total current liabilities. It measures the company's ability to meet its current liabilities with its current assets.

Acid-test Ratio (Quick Ratio) evaluates a company's ability to meet its current liabilities using cash or cash equivalents only. It measures the ability to repay current debts without having to sell inventory.

Quick ratio or acid test is calculated as follows= (cash + short-term investments + receivables) / total current assets

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Presented below are three economic events. In each column, indicate whether the event increased, decreased, or had no effect on

Wewaii [24]

Answer:

See attached file

Explanation:

Accounting Equation Formula:

Assets = Liabilities + Stockholders' Equity

The equation shows that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the file, Debits and Credits are represented by the word increased and decreased according to if the transaction has a positive or negative effect on each element.

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4 years ago

Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current y

djverab [1.8K]

Answer:

COGM = 450,000

Explanation:

The amount debited will be equal to the COGM which is the cost of goods manufactured.

COGM = beginnning WIP + cost added - ending WIP

we need to know the cost added during the period:

cost added during the period

materials 140,000

direct labor 160,000

overhead applied

18 x 10,000 = 180,000

total 480,000

Notice, for the overhead we multiply the predetermined rate by the amount of labor hours.

The actual values and adjustment for application of overhead are calculate later at year-end

Now, we are given the following information:

we know that WIP increase by 30,000

so : ending is 30,000 dollars greater than beginning

which implies ending - beginning = -30,000

we plug that into the formula:

COGM = cost added + (beginning WIP - ending WIP)

COGM = 480,000 - 30,000

COGM = 450,000

4 0

4 years ago

an organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive

Likurg_2 [28]

Answer: A non profit organization

Explanation: A non profit organization is an establishment created to perform efficiently and effectively, without necessarily making profit as its aim.

They most times function in the area of humanitarian needs, health and medicine, financially empowering the unemployed in communities.

The non profit organization are most times sponsored by government of nations, international bodies ( such as UN, WHO, UNESCO).

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3 years ago

Which of the following should be recorded in the category "trade receivables?"a. advances to officers and employees.b. income ta

prohojiy [21]

Answer:

Open accounts resulting from short-term extensions of credit to customers

Explanation:

Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business. These billings are typically documented on formal invoices, which are summarized in an accounts receivable aging report.

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3 years ago

Heidi decided to make extra money by offering to do investments for her friends for a fee. She actually did no investing, but us

Sauron [17]

Answer: Option (A)

Explanation:

A Ponzi scheme is referred to as or known as a type/form of a fraud that tends to bait investors and thus pays high profits to the earlier investors with the funds gained or received from recent investors. This scheme tends to lead its victims and other individuals to perceive that these profits are collected from the sales or via other means, thus they tend to remain completely unaware that the investors after them are reason of these funds.

8 0

3 years ago