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Delvig [45]
2 years ago
8

Act II Costumes currently has $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. The company also has

$20,000 in accounts payable, and $20,000 in other current liabilities. What is its quick ratio?
Business
1 answer:
Len [333]2 years ago
5 0

Answer:

Quick ratio = Current assets - Inventory/Current liabilities

= $480,000 - $340,000/$40,000

= 3.5

Current assets = $120,000 + $340,000 + $20,000 = $480,000

Current liabilities = $20,000 + $20,000 = $40,000

Explanation:

Explanation: Quick ratio is the ratio of liquid assets to current liabilities. Liquid assets are current assets less inventory. Liquid assets amounted to $140,000 while current liabilities are $40,000. The division of liquid assets by current liabilities gives quick ratio.                                                                                                                      

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ABC Manufacturing uses a Kanban system for a component. The daily demand is 800 units. Each container has a combined waiting and
Rashid [163]

Answer:

6 (rounded up to the nearest whole number)

Explanation:

Number of kaban= Daily demand*lead time in days * ( 1 + safety stock)/quantity in a container

= 800*0.34* (1+9/100)/50

272 * 1.09/50

272* 0.0218

=5.9296

=6 ( nearest whole number)

4 0
3 years ago
Is your company is a good, average, or weak competitive position compared to rival companies? How do you know?
dolphi86 [110]

Answer: How to Tell If a Company Is the Right Fit

Ask questions about culture, but be strategic about it.  

Repeat: Do ask questions during the interview process.  

Do a visual scan of the office or ask for a tour.  

Mine your network.  

At the final stages of the interview process, ask for a peer interview.

Explanation:

8 0
3 years ago
Where can you find an image database of free and simple graphics in many
Ede4ka [16]

Answer:C

Explanation:

just did it on apex

5 0
3 years ago
A company desires to sell a sufficient quantity of products to earn a profit of $280000. If the unit sales price is $16, unit va
Alex Ar [27]

Answer:

$270,000

Explanation:

Data provided

Quantity of products = $280,000

Total fixed costs = $800,000

Unit sales price = $16

Variable cost = $12

The computation of units must be sold is shown below:-

Contribution per unit = $16 - $12

= $4 per unit

Units must be sold = (Quantity of products + Total fixed costs) ÷ Contribution per unit

= ($280,000 + $800,000) ÷ $4

= $1,080,000 ÷ $4

= $270,000

7 0
2 years ago
Dibert Inc. has provided the following data concerning one of the products in its standard cost system.Inputs Standard Quantity
Soloha48 [4]

Answer:

Option (C) is correct.

Explanation:

Actual output = 5100 units

Actual direct labor-hours = 3,380 hours

Actual direct labor cost = $74,698

The  labor rate variance:

= (Actual Hours × Actual rate ) - ( Actual Hours × Standard Rate)

= $74,698 - ( 3,380 Hours × $20.40 Per Hour)

= $74,698 - $68,952

= $5,746 U

Since, the Actual is more than the Standard, the Variance is Unfavorable

Hence, the correct answer is $ 5,746 U

5 0
3 years ago
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