I think it’s a loss of $1,000. To be honest I don’t believe the Math adds up to be any of the answers.
Answer:
company's acid-test ratio is 1.63. Option e
Explanation:
Acid test ratio is similar to current ratio. However, current assets difficult to liquidate such as inventory are usually not included in the total current asset computation
Given,
Cash = $ 42,250
Short-term investments = 60,000
Accounts receivable, net = 79,500
Merchandise inventory = 115,000
Prepaid expenses = 9,700
Accounts payable = 111,400
Acid test = (42250 + 60000 + 79500 + 9700)/111400
= 181750/111400
= 1.63
Option e.
Answer:
there is bigger value and reward in attending college.
Explanation:
Although attending college is expensive, time-consuming, and requires effort, but people decide to attend college because according to the opportunity cost point of view, there is bigger value and reward in attending college.
Opportunity cost in simple terms is the loss of one thing in order to achieve something bigger over a course of a particular action. So attending college might mean loss of time, expensive, and putting effort, the price of it is bigger in the future. Therefore, people decide to attend college.
Answer:
$390000
Explanation:
Given: Beginning inventory= $60000
Cost of goods purchased = $380,000
Sales revenue= $800000.
Ending inventory= $50000.
The Periodic inventory system is used to determine the amount of inventory available at the end of each accounting period.
Cost of goods sold= 
⇒ Cost of goods sold= 
⇒ Cost of goods sold= 
∴ Cost of goods sold= 
.
Hence, $390000 is the cost of goods sold under a periodic system.
