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Novay_Z [31]
2 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]2 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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In a fixed-order-quantity system, when demand is uncertain, using economic order quantity (EOQ) based only on the average demand
Mrrafil [7]

Answer:

False

Explanation:

If the demand is uncertain, if you use average demand to calculate the economic order quantity (EOQ), you will have a high probability of a stock-out occurring.  

EOQ = √(2DS / H)

where:

D = annual demand in units

S = order cost per purchase order

H = holding cost per unit, per year

If D is uncertain, then the whole calculus will either be understated or overstated.

3 0
3 years ago
In a retail cash sales environment, which of the following controls is often absent?
JulijaS [17]

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

6 0
3 years ago
a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​
kotegsom [21]

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

5 0
2 years ago
Ruth, a 58-year-old taxpayer, has a self-only health savings account (HSA) and was enrolled in a high-deductible health plan (HD
vodomira [7]

Answer:

(A) $1,000

Explanation:

Health Savings Account (HSA) is an account that offers tax advantages to those individuals who are covered under high deductible health plans(HDHPs).

Both Employers and Employees make contributions to such an account.

Under the laws, the maximum contribution allowable is $3400 by both employers and employees.

Such contributions can be used for qualified medical expenses.

Individuals who are above 55 years of age can contribute an additional $1000 per person per year as per the law which can be of much help to early retirees.

Hence, Ruth is allowed to make an additional contribution of $1,000.

7 0
3 years ago
Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someon
vodka [1.7K]

Answer:

-20.27%

Explanation:

Value = ($14,750 / $18,500) - 1 = -20.27%

5 0
2 years ago
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