Answer:
the acid-test ratio is 1.5 times
Explanation:
The computation of the acid-test ratio is as follows:
Acid test Ratio = Quick assets ÷ current liabilities
where,
Quick Assets is
= Cash + short tern investments + Account receivable
= $3,500 + $50,000 + $56,000
= $109,500
And, the current liabilities is $73,000
So, the acid-test ratio is
= $109,500 ÷ $73,000
= 1.5 times
Hence, the acid-test ratio is 1.5 times
Answer:
A. The nature and character of the actions the company is taking to improve the performance of its value chain activities
Explanation:
The corporate culture of a company is essential for a company to be well positioned in the market.
It is defined as the set of guidelines that will guide the behavior of the employees of an organization, therefore it is composed of the set of policies, rules, procedures, behaviors, values, etc., that bring identity to a company and helps the practice of ethical values and promotion development of each employee.
Therefore, all the alternatives in the question above are adequate to the organizational culture, except for the letter A, which corresponds to the nature and character of the actions that the company is taking to improve the performance of its value chain activities, since the management of the supply chain A company's value will improve the way the processes in the organization are carried out to generate value for the customer.
Answer:
$462,562
Explanation:
Lower of Cost and Net Realizable Value (LCNRV) records ending inventory at the lowest between purchase costs or net realizable value.
Part Q Cost per Unit Net RV Total
110 620 <u>$121.00</u> $127.00 $75,020
111 1,080 $76.20 <u>$66.00</u> $71,280
112 540 $101.60 <u>$97.00</u> $52,380
113 220 <u>$215.90</u> $228.60 $47,498
120 440 <u>$260.00</u> $264.00 $114,400
121 1,400 $20.00 <u>$1.00</u> $1,400
122 330 $304.80 <u>$298.00</u> $100,584
Total $462,562
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Answer:
The question is incomplete, so I looked for a similar one:
A wood products company has decided to purchase new logging equipment for $100,000 with a trade-in of its old equipment. The old equipment has a BV of $10,000 at the time of the trade-in. The new equipment will be kept for 10 years before being sold. Using the MACRS (GDS recovery period), what is the depreciation charge permissible at year 1?
Depreciable value using MACRS is $100,000 and logging equipment is classified as 7 year class, and I will use the half-year convention:
depreciation year 1 = $100,000 x 14.29% = $14,290
