Answer:
0.82 times
Explanation:
The computation of the quick ratio is shown below:
Quick ratio = Quick assets ÷ total current liabilities
where,
Quick assets = Cash + accounts receivable
= $500 + $900
= $1,400
And, the current liabilities is
= Notes payable in six months + accounts payable
= $600 + $1,100
= $1,700
So, the value would equal to
= $1,400 ÷ $1,700
= 0.82 times
The inventory is not included.
Answer:
Single agent for the owner
Explanation:
In real estate, broker could play two roles:
- As a single agent
- or as a transaction broker
If the broker play as the transaction broker, that broker will mediate that transaction in a way that mutually beneficial for the seller and the buyer.
But, single agent only represent one side of the party. (either the buyer alone or the sellers alone). Single agent will handle the transaction to benefit only the party it represented.
"Owner broker" means that the broker only represents the Seller. This broker will try to make the price of the property as high as possible for the seller's benefit.
Answer= The entry to record this transaction would include:
A debit to Organization Expenses for $5,000.
A credit to common stock for $4,000 and Paid in capital in excess of par-Common Stock of $1,000
Explanation:
Common stock = 400 x $10= $4000
Accounts Debit Credit
Organisation expense $5,000
Common stock $4,000
Paid in capital in excess of par value
of common stock $1,000
( $5000 - $4000)
Answer:
4. The firm is minimizing its losses OR maximizing its Profit
Explanation:
Assume a monopolistically competitive firm faces the following situation:
P $20, output 13,000 units, MC 16 ATC $22, AVC = $15, and MR = $16 which statement BEST describes the firm's situation?
The statement that best describes the firm situation is that it is maximizing its profit or minimizing its losses because profit is maximized where Marginal cost is equal to marginal revenue, and that is the case of this firm. MC=MR at $16.
In conclusion, since the firm is maximizing profit, it needs not change anything but to keep producing at this level of output and price.
Answer:
The correct answer is letter "A": innovative.
Explanation:
Innovative changes allow companies to use new strategies and technologies to improve the efficiency of their operations. Sometimes those changes are processes or technological devices created by the company itself while in other cases they are adopted from other entities with similar approaches and accomplish almost the same goal.
