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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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Classify the following descriptions of constraints as bounds, limitations, requirements, proportional relationships, or balance
NeTakaya

Answer: Please refer to Explanation.

Explanation:

First the descriptions of Constraints shall.be described first to better understand the the questions.

Bounds are constraints where the value of a variable is not allowed to exceed a level.

Limitations are Constraints whereby there is only a limited number of the variable in question.

Requirements are constraints that refer to the minimum levels of a variable required.

Proportional Relationships are constraints that describe the relationship between Variables in terms of how they relate or are mixed and the like.

Balance Constraints refer to acheving a balance between Variables.

Classifying them therefore we have,

a. Each serving of chili should contain a quarter-pound of beef.

PROPORTIONAL RELATIONSHIPS

b. Customer demand for a cereal is not expected to exceed 800 boxes during the next month. BOUNDS.

c. The amount of cash available to invest in March is equal to the accounts receivable in February plus investment yields due on February 28. BALANCE CONSTRAINTS.

d. A can of premium nuts should have at least twice as many cashews as peanuts. PROPORTIONAL RELATIONSHIPS.

e. A warehouse has 3,500 units available to ship to customers. LIMITATIONS.

f. A call center needs at least 15 service representatives on Monday morning. REQUIREMENTS.

g. An ice cream manufacturer has 40 dozen fresh eggs at the start of the production shift. LIMITATIONS.

If you need any clarification do comment. Cheers.

7 0
3 years ago
Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial sta
KengaRu [80]

Answer: Valuation

Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

3 0
2 years ago
Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr
vaieri [72.5K]

Answer:

  • The adjustment causes an increase in an asset account and an increase in a revenue account.
  • Accounts receivable is usually increased when accruing revenues.
  • They refer to revenues that are earned in a period, but have not been received and are unrecorded.
  • They refer to earnings which have been earned but not yet billed.

Explanation:

Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.

6 0
2 years ago
Which best describes a way people can use personal loans? to buy a house to buy a car to pay for college to pay for groceries.
Bas_tet [7]

The best way people can use their Personal loans is to buy or pay for groceries. As there are other separate loans for the things like car, home and pay for college.  

<h3>what is a personal loan?</h3>

A loan is issued for non-essential purposes, usually to a person with a good credit score who is not required to submit collateral to back up the loan.

A personal loan can be utilized for practically any reason, including settling credit card debt, home upgrades, and large purchases.

Thus option D is correct.

For further details about the personal loan refer to this link:

brainly.com/question/19106746

4 0
2 years ago
Read 3 more answers
Harlan enterprises manufactures smart phones. currently, harlan has $14,000 in raw materials and $25,000 in finished goods in it
Kitty [74]
Ideally;
Inventory = Cost of raw materials + Cost of finished goods + Cost of work-in-progress

Assuming this ideal case, Harlan's inventory would be;

Inventory = $14,000+$25,000+$18,600 = $57,600

However, if work-in-progress inventory was listed as $0;

Then, the  new work-in-progress would be;
Inventory = 57,600-18,600 = $39,000

This would reduce the inventory for Harlan Enterprises which may affect other financial ratios such as inventory turn-over ratio. As a result, such ratios will not reflect the exact position of the company.
3 0
3 years ago
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