Answer:
E. 1.667
Explanation:
Current ratio is computed as;
= Current assets / Current liabilities
Current asset = Cash $200 + Marketable securities $400 + Accounts receivable $600 + Inventory $800
= $2,000
Current liabilities = Accounts payable $500 + Notes payable $700
= $1,200
Current ratio = $2,000 / $1,200
= 1.667
I think the answer for this statement is true but I’m not sure
The answer is deregulation. It removes restrictions from laws for to allow competition among the industries and set into the market. However, based on experience, industries, and investments suffered from this set-up. The government stopped it after the mortgage crisis last 2007.
It was also found out that is is difficult to apply because of existing monopolies that can control prices in the market.
Answer:
$8,000
Explanation:
The computation of the monthly rental expense allocated is shown below:
Rent allocated to 1st floor:
= $30,000 × 2 ÷ 3
= $20,000
There is 50,000 square feet i.e. equally divided between first floor and second floor. so 25,000 square feet for each floor.
Now
Rent allocated to 10,000 square feet:
= ($20,000 ÷ 25,000) × 10,000
= $8,000
Answer: -13.35%
Explanation:
Based on the information given in the question, the annual rate of return on this painting will be calculated thus:
Sales price of painting = $1,080,000
Cost price of painting = $1,660,000
The sales Price formula is given as
= Cost price × (1 +r)³
1080000 = 1660000 × (1+r)³
1,080,000/1,660,000 = (1+r)³
0.65 = (1 + r)³
Annual rate of return r will now be:
= 0.6506^⅓ - 1
= -13.35%
