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sladkih [1.3K]
2 years ago
9

Duke’s Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value o

f the quick ratio? Select one: a. 2.25 b. .53 c. .71 d. .89 e. 1.35
Business
1 answer:
zhannawk [14.2K]2 years ago
7 0

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Cash (assets) = $68

Accounts receivables ( assets ) = $142

accounts payable ( liabilities)  = $235

Inventory = $318

So, we can calculate quick ratio by using following formula:

Quick ratio = Assets / Liabilities

= $68 + $ 142 / $235

= $210 / $235

= 0.89

Hence, the value of quick ratio is 0.89.

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Starfish Shells had a beginning balance in Notes Payable of $35,000 and an ending balance of $40,000. This will be reported as _
prohojiy [21]

Answer:

an increase of $5,000 in the cash flows from financing activities

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash, and the increase in note payable is also recorded

The computation is shown below:

= Ending balance of note payable - beginning balance of note payable

= $40,000 - $35,000

= $5,000

8 0
2 years ago
Jennifer has been working with sniffing and session-hijacking tools on her company network. Since she wants to stay white hat—th
Alex17521 [72]

Answer:

The correct answer is A) Passive.

Explanation:

The term white hat on the Internet refers to an ethical hacker, or an IT security expert, who specializes in penetration tests and other methodologies to detect vulnerabilities and improve the security of an organization's communication and information systems. It also refers to hackers who are not aggressive or do not carry out illegal activities. An ethical hacker is a term invented by IBM. It is used to differentiate hackers who act without malice from those that do, which are better known as crackers or black hat hackers.White hat hackers also usually work in groups known as sneakers or snoopers, red equipment, or tiger team.

4 0
2 years ago
Initially, Stacy earns a salary of $300 per year and Virginia earns a salary of $200 per year. Stacy lends Virginia $100 for one
lina2011 [118]

Answer:

The answer is "$306 and $204".

Explanation:

Given value:

Stacy salary = $300

Virginia salary = $200

The nominal value is 2%

Calculating the Stacy salary = 300 \times \frac{2}{100}

                                              = 3 \times 2 \\\\ =6

\text{ Stacy salary = slaray+ percent value}

                    = \$ 300 + \$ 6\\\\= \$ 306 \\

Calculating the Virginia salary = 200 \times \frac{2}{100}

                                              = 2 \times 2 \\\\ =4

\text{ Virginia salary = slaray+ percent value}

                        = \$ 200 + \$ 4\\\\= \$ 204 \\

7 0
2 years ago
The Window Store will have a value of $139,000 if the economy does well this coming year and a value of $121,000 if the economy
ycow [4]

Answer:

The value of this firm to shareholders is $70240

Explanation:

Using expected value approach, the value of the firm can be computed as :

(Optimistic value*its probability)+(pessimistic value*its probability)

optimistic value=$139000 and its probability is 68%=0.68

Pessimistic value=$121000 and its probability is 1-0.68=0.32

Expected value=($139000*0.68)+($121000*0.32)

                         =$133240

However, the value to shareholders is the expected value of the firm less debt of $63000

Equity value=$133240-$63000

                      =$70240

8 0
2 years ago
A A rocket shoots up 123 meter<br>i. What is its initial velocity -​
oee [108]

Answer:

Initial Velocity= 49 m/s

Time period= 5 secs

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

A rocket shoots up 123 meters. What is it initial velocity?How long is it ascending

The initial velocity can be calculated using the expression below

u= √( 2gh)

Where g= Acceleration due to gravity= 98 m/s^2

h= height

Substitute the values we have

u = √(2*9.8*123)

u=√( 2410.8)

u = 49 m/s

the time period can be calculated as

(49/9.8)

= 5 sec

Hence time period is 5 secs

5 0
1 year ago
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