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sertanlavr [38]
2 years ago
8

Type your answer in the box.

Business
1 answer:
Ipatiy [6.2K]2 years ago
7 0

Answer:

Your answer is given below:

Explanation:

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Selected financial data regarding current assets and current liabilities for Queen’s Line, a competitor in the cruise line indus
RSB [31]

Answer:

Current ratio = 0.33 times

Acid test ratio = 0.29 times

Explanation:

• Current ratio

Current ratio = Total current assets ÷ Total current liabilities

= $875 ÷ $2,638

= 0.33 times

• Acid test ratio

Acid test ratio = Quick assets ÷ total current liabilities

Where,

Quick assets = Total current assets - Inventory

= $875 - $116

= $759

Recall total current liabilities = $2,638

Therefore,

Acid test ratio = $759 ÷ $2,638

Acid test ratio = 0.29 times

8 0
2 years ago
lanier company manufactures expensive watch cases sold as souvenirs. three of itssales departments are retail sales, wh
Nataly [62]

Mary Gammel's responsibility in the firm is to monitor the results of profit center because it is the key driver of the total results of the company.

<h3>What is Mary Gammel position?</h3>

She is a manager in the retail sales department which is a profit center in the firm because it is saddles with role of supervising the team of sales representatives who works with customers.

Hence, Mary Gammel's role is to monitor the results of profit center because it is the key driver of the total results of the company.

Missing words "<em>Mary Gammel is a manager in the Retail Sales Department. Determine what should be included in the responsibility report of the manager</em>"

Read more about retail sales department

<em>brainly.com/question/930797</em>

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3 0
1 year ago
Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand
viktelen [127]

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

                                                = 15%

Therefore, price of a particular good decreases by 15%.

8 0
2 years ago
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
agasfer [191]

Answer:

Using LIFO:

TOTAL Sales : $19,875,500

COGS = $11,021,250

GROSS PROFIT = $8,853,750

Explanation:

KINDLY CHECK ATTACHED PICTURE

4 0
3 years ago
When revenues equal spending, a budget is considered
Dominik [7]
<span>c. balanced.</span><span>

Upward urban growth will increase pollution as the number of people will increase. The increase in population and obstruction of free movement of air because of upward urban growth will result in a "heat island". Since the number of inhabitants is going to increase with upward urban growth, waste management will also become an issue.</span>
8 0
3 years ago
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