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Ainat [17]
3 years ago
15

Given the following information, analyze XYZ Company's liquidity. Year 2013 Total quick assets $30,000 Total current assets $40,

000Total current liabilities $22,000 Acid-test ratio 1.36 Current ratio 1.82 Industry acid-test ratio 70 Industry current ratio 1.65 A. They are more liquid than others in their industry. B. They are less liquid than others in their industry. C. They have sufficient quick assets to pay off short-term debt if needed. D. They don't have sufficient liquid assets to pay off short-term debt if needed.
Business
1 answer:
kogti [31]3 years ago
6 0

Answer:

  • A. They are more liquid than others in their industry.
  • C. They have sufficient quick assets to pay off short-term debt if needed.

Explanation:

The Acid-test and current ratios are used to measure the liquidity of a company with higher figures meaning more liquidity. XYZ Company has a both a higher acid-test and current ratio so they are more liquid than others in their industry.

The Acid-test and current ratio also enable one to find out if a company is able to pay off its current obligations/ liabilities using current assets. With the acid-test ratio being above one, XYZ is able to pay off short-term debt using quick assets.

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Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 u
iren2701 [21]

Answer:

Estimated manufacturing overhead rate= $77 per direct labor hour

Explanation:

Giving the following information:

Production:

Product A: 1,850 units

Product B: 1,250

Hours required:

Product A: requires 0.3 direct labor-hours per unit

Product B: requires 0.6 direct labor-hours per unit.

The total estimated overhead for the next period is $100,485.

First, we need to calculate the total amount of direct labor hours required:

Total direct labor hours= 0.3*1,850 + 0.6*1,250= 1,305 hour

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 100,485/1,305= $77 per direct labor hour

4 0
3 years ago
You normally stay at home on Wednesday nights and study. However, next Wednesday night, your best friend is having his big 21st
nalin [4]

Answer:

My answer would be don't go, Since we are almost in the red positive for Corona, U might have a chance of catching it from her or the people at her party. On the other hand, u can do a virtual party over the phone/laptop. I understand it's difficult to avoid your bestfriend because of Corona, but technically it's for your own good. If it makes you feel better, I had to miss my Bestfriend B-Day because I was scared to get Corona.

Explanation:

4 0
3 years ago
Read 2 more answers
Andrew earns $45,300 in taxable income annually, and pays federal income taxes of $5,345. 40. What is Andrew’s net federal inc
ASHA 777 [7]

Based on the information given Andrew’s net federal income tax rate is c. 11.8%.

Using this formula

Net federal income tax rate=Federal income taxes / Taxable income

Where:

Federal income taxes= $5,345.40

Taxable income=$45,300

Let plug in the formula

Net federal income tax rate=$5,345.40/$45,300

Net federal income tax rate=0.118×100

Net federal income tax rate=11.8%

Inconclusion Andrew’s net federal income tax rate is c. 11.8%.

Learn more here:brainly.com/question/11886585

8 0
3 years ago
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that
anyanavicka [17]

Answer:

C. Create a rotating assignment so each team member shares note taking.

Explanation:

In the case noted in the question above, there is a situation that could be unpleasant if it were decided by some type of bias.

Therefore, the most appropriate alternative for the team to address this situation would be to create a rotating assignment for each team member to share the notes. This way it would not happen that a team member is always chosen to perform a task that causes dissatisfaction in the whole team. Creating a rotating assignment to carry out the task would guarantee the uniformity of the task assignment and avoid possible dissatisfactions, inequalities and interpersonal conflicts that could arise.

6 0
3 years ago
Consider the following scenario:
Helen [10]

Answer: 1. Charities

2. Government action the only viable solution

Explanation:

Externalities are the resultant additional effects that are experienced by others as a result of actions by an economic agent who does not bear the extra aformentioned cost or benefit that their actions bring about.

1. Private Solutions to Externalities include any solution independent of the government.

The above Private Solution is Charities because it was a Non-profit Environmental Organization that dealt with the lobbying for the reduction to be acted upon by state agents. These types of organisations are usually Charities.

2. If it is shown that the potential gains are viewed to be quite high as in this case then negotiating with the polluters might not work. In this case Government Intervention is needed to force the polluters to adhere to rules and regulations.

8 0
3 years ago
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