Answer:
Koski Inc.
Quick Ratio:
Quick Ratio = (Current Assets - Inventory) divided by Current Liabilities
Quick Ratio = $(23,595 - 12,480) / $(17,160 -5,460)
Quick Ratio = 11,115 / 11,700 = 0.95
Explanation:
The quick ratio is a financial metric that shows the short-term liquidity position of a company. It measures the company's ability to settle its short-term obligations using its most liquid current assets. The most liquid assets are cash and near cash current assets.
Inventory is always removed in calculating the most liquid current assets. Inventory will take some time before it can be converted to cash or near cash, given the cash conversion cycle.
The quick ratio is also called the acid-test ratio. It is also considered as more conservative than the current ratio which measures the coverage of current liabilities by all current assets, including inventory.
In our workings, we eliminated inventory from current assets. We also eliminated notes payable which would be rolled over the next year.
Answer:
a. the rate of inflation is high
Explanation:
When the inflation rate is high money loses its value because inflation rates decrease people's purchasing power which means that because of inflation they will be able to buy less goods and services with the same amount of money because goods and services cost more. For example if Person A has a million dollars and he can buy 5 houses from that in 2015, if Person A keeps his money in a bank as a store of value and there is 20% inflation it means that now 5 houses will cost 20% more (1.2*1 million) = 1.2 million. And Person A has now lost value as he will not be able to buy the same amount of houses with the same amount of money because of inflation.
Answer:
$313
Explanation:
In order to divide the insurance bill between the seller and the buyer, we must first determine the insurance cost per month. We first divide the total premium by 12 months = $578 / 12 = $48.17 per month.
The seller is responsible for paying insurance during June, July, August, September and half of October (15 days). So the seller's share of the bill = 5.5 months x $48.17 = $264.92 ≈ $265
So the buyer owes the seller the difference between the total premium paid and $265 = $578 - $265 = $313
Answer:
b. Australia, Swaziland, and the United States.
Explanation:
The three industrialized nations that do not provide paid maternity leave by law are Select one: Australia, Swaziland, and the United States.
The United States has been said to be the stingiest of all developed nations as it leads the way as the richest developed country but still don't guarantee paid maternity leave.
Most others including Canada, mandates paid time off to women after they give birth.
Answer: B) Organizing
Explanation: Organizing in a business aspect means making preparations for an activity or an event. It involves delegating authority, grouping duties into different sections, assigning duties, and assigning resources to various parts of the organization. Sally Mitchell is engaging in all these aspects in the case study.
Other definitions that don't apply here are explained below.
A) Planning - INCORRECT. Planning is the first step towards creating an event or activity. It is the process of brainstorming and thinking about what is needed to achieve a goal.
C) Scrutinizing - INCORRECT. Scrutinizing means thoroughly evaluating or inspecting something.
D) Controlling - INCORRECT. This is a function done by management that involves comparing set standards to actual standards to confirm that tasks have been performed in accordance with the plans set.
E) Envisioning - INCORRECT. This means to visualize a possibility that can occur in the future.
