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3 years ago

Use the following data to calculate the current ratio.

Business

1 answer:

Otrada [13]3 years ago

8 0

Answer:

b. 2.64 : 1

Explanation:

Current ratio = Current assets/Current liabilities

Current assets = Cash + Account Receivables + Inventory + Prepaid insurance

Current assets = $65500 + $93000 + $148000 + $87500

Current assets = $394,000

Current liabilities = Accounts payable + Salaries and wages payable

Current liabilities = $131500 + $17500

Current liabilities = $149,000

Hence, Current ratio = $394,000/$149,000

Current ratio = 2.644295

Current ratio = 2.64 : 1

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Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi

jeka57 [31]

Answer:1.0 and X and Y are substitutes.

Explanation:

Elasticity is the degree of responsiveness of the change in price to a change in quantity demanded. Cross elasticity considers 2 products.

Old price $10

New price $8

Old quantity 20 units

New quantity 25 units

Formula: (change in quantity demandedY/change in priceX) * (old priceX/old quantityY)

{ (25-20) / ($10-$8) } * (10/20) = 1.25

Decision Rule:

> 0 the 2 products are substitutes

< 0 the 2 products are complements

= 0 the 2 products are independent

From the calculation, the products are substitutes because its Elasticity is greater than 0.

8 0

3 years ago

12. Which one of the following words is a verb?

Mekhanik [1.2K]

Manufacture is a verb. However is an adverb, cruel is an adjective, and maintenance is a noun

4 0

3 years ago

Dion, a shareholder, owned 20% of MedowBrook’s stock for 292 days and 25% for the remaining 73 days in the year. Using the per-d

Igoryamba

Answer:

Ordinary Income allocation $12,600

Tax-exempt interest allocation$210

Charitable contribution allocation $714

Explanation:

Ordinary Income allocation:

For 20% ownership: $60,000 * [20% * (292/365)] = 9,600

For 25% ownership: $60,000 * [25% * (73/365)] = 3,000

Total 9,600 + 3,000 = $12,600

Tax-exempt interest allocation:

For 20% ownership: $1,000 * [20% * (292/365)] = 160

For 25% ownership: $1,000 * [25% * (73/365)] = 50

Total 160 + 50 = $210

Charitable contribution allocation:

For 20% ownership: $3,400 * [20% * (292/365)] = 544

For 25% ownership: $3,400 * [25% * (73/365)] = 170

Total 544 + 170 = $714

8 0

3 years ago

Elena, who is Hispanic, was told by the personnel director that she did a great job at the interview but that he couldn't hire h

qaws [65]

Answer:

Adverse impact

Explanation:

Adverse impact -

It refers to the aftereffect of any unfair or discrimination of the basis of race , age , gender , religion , educational qualifications , status etc , is referred to as adverse impact .

In the process of hiring in a company or organisation , any discrimination in terms of gender , educational qualification etc. , is very commonly seen , hence is referred to as adverse impact .

As in the given scenario of the question ,

The correct answer is adverse impact .

8 0

3 years ago

There are 4 households in a locality. The annual income of the first household $20,000, the annual income of the second househol

mihalych1998 [28]

Answer:

b) The progressive income tax system

Explanation:

The tax is compulsory contribution levied by the authority in a territory on goods, services, income and profit.

Proportional income tax :Income tax is said to be proportional where the same tax rate is paid by all irrespective of their income bracket.

A progressive income tax is that where the tax rate becomes higher for those income earners in the high income bracket. The tax rates on every dollar earned becomes higher with increase in income.

The regressive income tax is where a lower percentage is paid as tax as the income income increases. Lower rate is paid on additional dollar earned.

The scenario in the question falls under the concept of progressive income tax system

6 0

3 years ago

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