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Novay_Z [31]
3 years ago
11

Vito Co. had current assets of $9,000 and current liabilities of $6,000 at the end of the year. Net income during the year was $

21,000. The current ratio for the period is:
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

The current ratio for Vito Co. with respect to the period under review is 1.5

<h3>What is current ratio?</h3>

The current ratio, also known as the working capital ratio, measures the capability of a business to be able to meet its short term financial obligations.

The Current Ratio formula is

= Current Assets / Current Liabilities

= $9,000 / $6,000

= 1.5

Therefore, the current ratio for Vito Co. with respect to the period under review is 1.5

Learn more about current ratio here: https://brainly.in/question/45000916

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Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $812, a replaceme
Radda [10]

Answer:

$775

Explanation:

In inventory valuation , inventory are valued at the lower of cost to replace an item of inventory and the net realizable value.

The net realizable value is the proceed earned from the disposal of an inventory less the cost related to the disposal.

In the scenario described in the question , The replacement cost for product 66 is $775 while the net realizable value is $800. Therefore , the final inventory valuation will be the lower of $775 and $800 which is $775

3 0
3 years ago
Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's again
Neko [114]

Answer:

a) increased nominal GDP by $20,000, but left real GDP unchanged.

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is GDP calculated using current year prices.

Real GDP is GDP calculated using base year prices.

Nominal GDP = 1000 × $12 = $12,000

Nominal GDP increased by $12,000 but real GDP remained unchanged because the same amount of pizzas was produced both years.

I hope my answer helps you

4 0
3 years ago
A local television station plans to drop four Friday evening programs at the end of the sea-
Mila [183]
Grams. Is the answer I would presume
5 0
3 years ago
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Question 9(Multiple Choice Worth 5 points) (04.03 LC) In our culture, one recent fatal event is common and does not affect the i
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The pandemic and measures were taken to control the spread disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses.

<h3>What was the impact of pandemic over the insurance businesses?</h3>

Businesses across many sectors of the economy faced major decline in the revenue during the pandemic due to which government direct them to close their businesses.

Insurers and their associations around the world stated that most of the policyholders have not acquired insurance coverage which will respond to the business interruption losses that result from pandemic business closures.

Business interruption insurance against pandemic risk could be provided with support from governments based on the experience of risk insurance programs.

Learn more about the insurance business here:-

brainly.com/question/24034584

#SPJ1

5 0
2 years ago
The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,
lys-0071 [83]
The answer is A)... I am not exactly sure but I did my research so hope this helps! good luck.
6 0
4 years ago
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