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tia_tia [17]
3 years ago
11

KLM Corporation's quick assets are $6,123,000, its current assets are $13,440,000 and its current liabilities are $8,144,000. It

s acid-test ratio equals:
Business
1 answer:
galben [10]3 years ago
8 0

Answer:

the acid-test ratio is 0.75 times

Explanation:

The computation of the acid-test ratio is shown below:

We know that

Acid-test ratio is

= Quick assets ÷ current liabilities

= $6,123,000 ÷ $8,144,000

= 0.75 times

Hence, the acid-test ratio is 0.75 times

basically we divided the quick assets from the current liabilities so that the acid-test ratio could come

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An organization has a standing order with a supplier. the organization has ordered the same product in the same quantity monthly
evablogger [386]

Answer:

Modified Rebuy.

Explanation:

Modified Rebuy can be defined as the desires of a buyer to re-purchase or reorder the products previously bought but with certain modifications either in prices, products, suppliers, or terms. The buyer may modify the current purchasing terms because he may not be satisfied with the supplier or may have some new requirements.

In the given case, the modification in supplier has been made by the organization to get a better price. Thus this is an example of modified rebuy.

So, the correct answer is modified rebuy.

7 0
3 years ago
A business will construct its financial statements in a particular order because they are interrelated. This means that items fo
Blizzard [7]

Answer: d. Net income is part of the computation for ending retained earnings.

Explanation:

In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.

Retained Earnings are calculated by the formula,

Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends

Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.

7 0
3 years ago
These are steps in the decision-making process except for _____.
xenn [34]
Going With Your First mind Because It's Not In The Thinking Process
8 0
3 years ago
Read 2 more answers
Assume that global cleaning service performed cleaning services for a department store on account for​ $180. how would this tran
mart [117]
The transaction effect on the global cleaning service's accounting equation is to increase both assets and equity by $180. 
An asset is a property or an equipment that is purchased for the purpose of business activities, examples of business assets include cash, equipment, buildings and inventory to vehicles and office furniture. In this case assets worth $180 increased (may be cash or bank, depending on the means of payment) and also an increase in equity.
5 0
3 years ago
Education Planning: Suppose you have just had your first child and you want to begin saving for their college education. You est
luda_lava [24]

To obtain $225,000 in 18 years it is necessary to save or invest at least  1,041.66 every month and 12,500 every year.

We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.

Total of months:

  • 12 months x 18 years = 216 months.

The total you need to save per month:

  • $225,000 / 216 = 1,041.66.

The total you need to save per year:

  • 1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.

Note: This question seems to be incomplete; however, I answered it based on the information provided.

Learn more in: brainly.com/question/11508361

6 0
3 years ago
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