Answer:
Option C: 8.44 times
Explanation:
Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.
As we know that Quick Ratio = [Current Assets - Inventory - Prepaid Assets] / Current Liabilities
2.00 = $79,000 - Inventory - 0] / $27,650
=> Inventory = $23,700
Inventory turnover ratio gives us the number of times the company sells and replaces its inventory during the period.
Annual Sales = $200,000
Inventory Turnover Ratio = Sales / Average Inventory
=> $200,000 / $23,700 => 8.44 times
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hope this helps!
Answer:
The answers are:
- Professional fees to issue the corporation’s stock
- Commissions paid by the corporation to underwriters for stock issue
- Printing costs to issue the corporation’s stock
Explanation:
Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.
After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.
Answer:
D. $38,000
Explanation:
The formula to compute the accounting profit is shown below:
Accounting profit = Annual revenue - Explicit cost
= $52,000 - $14,000
= $38,000
It shows a relationship between the annual revenue and the explicit cost. The difference between these two is known as accounting profit.
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below are the choices that should accompanied your question above the answer is D.
<span>a. corporate responses to changes in the business environment
b. assessment of competitors strengths
c. identification of customer needs
d. development of core competencies</span>
