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Alisiya [41]
3 years ago
13

A company's current assets are $26,420, its quick assets are $15,090 and its current liabilities are $12,520. Its acid-test rati

o equals:
Business
1 answer:
Debora [2.8K]3 years ago
8 0

Answer: 1.21

Explanation:

Acid test ratio is also referred to as the quick ratio and it is calculated as:

Acid-Test Ratio = Quick Assets / Current Liabilities

where,

Quick assets = $15090

Current liabilities = $12520

Acid test ratio = $15090 / $12520

= 1.2052

= 1.21

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Assume the current U.S. dollar-yen spot rate is 125¥/$. Further, the current nominal 180-day rate of return in Japan is 3% and 4
statuscvo [17]

Answer:

124.39Y/$

Explanation:

Calculation to determine the approximate forward exchange rate for 180 days

Using this formula

Forward exchange rate/spot exchange rate = [(1+rh)/(1+rf)]*r

Where,

rh = periodic interest rate in the home currency

rf = periodic interest rate in the foreign currency

r=Spot rate

Forward exchange rate= [1+3%*180/360]/[1+4%*180/360]*125¥/$.

Forward exchange rate = 1.015/1.02* 125¥/$

Forward exchange rate= 124.39Y/$

Therefore the approximate forward exchange rate for 180 days is 124.39Y/$

6 0
3 years ago
All of the following statements are true of the soup industry EXCEPT: Select one: a. There is high growth in "convenience" soup
Nookie1986 [14]

Answer:

the false statement and the correct answer is c. There is little innovation in the category.

Explanation:

As one of the highest growing sectors in fast moving consumer products sector, there is alot of innovation in the soup industry. specialy, the ready-made soup are now increasing.

moreover, in terms of flavors, tastes and the convenience, there is alot of innovations going on. to make it faster to make and takes less time to prepare the soup.

Also, the packaging and marketing strategies and innovations are changing as well.

8 0
3 years ago
a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?
FinnZ [79.3K]

It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).

<h3>Why would the demand for both items reduce?</h3>

The demand for both goods will both come down because they are complementary or joint demand goods.

A pair of goods are termed "joint demand" when both must or usually is consumed with the other.

Recall that (where all things are equal) demand will decrease as price increases.

Learn more about demand at;
brainly.com/question/1245771
#SPJ11

3 0
1 year ago
Real GDP per capita in the U.S. grew from about​ $6,000 in the year 1900 to about​ $51,500 in​ 2016, an average growth rate of​
ollegr [7]

Answer:

36.84 years and 31.82 years

Explanation:

In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP

In the first case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 1.9%

= 36.84 years

In the second case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 2.2%

= 31.82 years

8 0
2 years ago
The number of years a person that age is expected to have left to live on average is known as?
aleksley [76]
Perhaps, life expectancy...  That may be your answer.

6 0
2 years ago
Read 2 more answers
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