Answer: False
Explanation:
If Firm A's current ratio exceeds that of Firm B, it is still possible that B's quick ratio is larger than A's. If A's quick ratio is larger than B's however, then there is still a possibility that B's current ratio can be larger than A's.
The current ratio is the Current Assets divided by Current liabilities. The Quick ratio is Current Assets less inventory divided by Current liabilities.
B's current ratio can therefor be larger than A's if it has more inventory than A such that when we calculate the current ratio of B, the extra inventory would give it a higher current ratio than A.
Answer:
The answer would be Basic, Prosperity.
Explanation:
Personal finance is essentially about finances at a basic level. It helps improve your short term and long term Prosperity.
Personal finances are the finances or money of a person solely belong to himself. A person's own finances are usually limited. He can meet the basic necessities for himself and his family. These finances can be used to bring prosperity to a person and his family. Personal finances are always help in the time of emergency. People manage their personal finances for the future of their children, to manage their education, and to live a life of their personal choice and ease.
Answer:
A. Expensed when incurred.
Explanation:
An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Dubberly Corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. For March, the company planned for activity of 8,000 machine-hours, but the actual level of activity was 7,930 machine-hours. The actual manufacturing overhead for the month was $454,110.
activity variance for manufacturing overhead= (50*8000) - (454,110 - 31,100)= 23,010 unfavorable.
The variables that can shift the supply curve are the number of sellers, production costs, and income.
<h3>What is the supply curve?</h3>
Corresponds to a graphical representation of the quantity of a product or service that is sold in relation to the increase in prices. That is, when prices rise, the supply curve will slope upward, and changes in the quantity supplied at a given price shift the curve to the right.
Therefore, supply is an economic concept to designate a market situation where there is a quantity of products and services available that consumers want to buy.
Find out more about supply curve here:
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