answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maria [59]
2 years ago
9

Mark Company’s balance sheet reported total assets of $754,000, which include: cash, $48,000; accounts receivable, $130,000; lan

d, $200,000; inventory, $220,000; short-term notes receivable, $150,000; and prepaid expenses, $6,000. Total liabilities amounted to $408,000, which include: accounts payable, $230,000; short-term notes payable, $10,000; unearned revenue, $8,000; and long-term liabilities, $160,000. Compute Mark’s acid-test ratio. 2.23 1.85 2.00 1.32
Business
1 answer:
muminat2 years ago
3 0

Answer:

d) 1.32

Explanation:

The quick ratio uses only the most liquid current assets.

quick \: ratio = \frac{cash \:and \:cash \:equivalent}{current \:liabilities}

cash 48,000

AR 130,000

Short Term receivable 150,000

<em>Total 328,000</em>

<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets

Current liabilities

account payable 230,000

short-term notes payable 10,000

unearned revenue 8,000

<em>Total 248,000</em>

<em>Quick Ratio</em>

\frac{328,000}{248,000} = 1.322580645 = 1.32

You might be interested in
Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price d
elixir [45]

Answer:

d. We do not have enough information to answer this question

Explanation:

We could say that maybe if the price lowers by pure law of supply and demand the consumers will consume more cups of coffe but for a more complete answer we need the elasticity of demand of that good (coffe), to be able to know in what quantity a change in the price would affect the demand and to know if the relation between the price and the units buyed are positive or negativa.

5 0
2 years ago
Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total
ryzh [129]

Answer:

Activity rate = $176  per hour

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  </em>

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.  </em>

<em>Activity rate per driver is calculated as:  </em>

Activity overhead for the period / Total cost drivers for the period   Designing products activity cost pool= designing cost /product design hours

        = $1372,448/7,798 hours

       = $176  per hour

4 0
2 years ago
Suppose a mutual fund yielded a return of 14% last year. The risk-free rate was 5% last year and the stock market return was 10%
Makovka662 [10]

Answer:

Beta is 1.8

Explanation:

CAPM or capital asset pricing model is used to compute expected return on stock by establishing relationship between expected returns and systematic risk (also called beta).

Given:

Return on mutual fund = 14%

Risk free rate (Rf) = 5%

Market return (Rm) = 10%

Risk premium = Rm - Rf

                      = 10% - 5%

                      = 5%

CAPM formula:

Returns = Rf + β(Rp)

14% = 5% + β(5%)

β = 9 / 5

β = 1.8

Beta of mutual fund is 1.8

4 0
2 years ago
On January 1, Year 1, Pacific Corporation acquired 75% of Sand Corporation's 200,000 outstanding common shares for $2,850,000. O
Allisa [31]

Answer:

$112,500

Explanation:

The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned  method:

Cost to acquire share of the Pacific Corporation             $2,850,000

Less:Net Assets Acquired of Sand Corporation

       Sand Net Assets                     $3,000,000

       Excess value of land               $200,000

       Excess value of equipment    $150,000

       Fair value of non-compete     $300,000

                                                       $3,650,000                 ($3,650,000)    

Add:Net Assets portion of the Non controlling interest   $912,500

($3,650,000*25%)

Good will                                                                              $112,500

3 0
2 years ago
To understand the client requirements, business processes, company standards, the specific systems IT environment as well as app
sergij07 [2.7K]
The right answer for the question that is being asked and shown above is that: "d. Onsite to offshore knowledge transition." To understand the client requirements, business processes, company standards, the specific systems IT environment as well as approach that will be used is the main goal of onsite to offshore knowledge transition<span>
</span>
8 0
1 year ago
Other questions:
  • Wd-40, inc. markets only one product, its namesake chemical lubricant. the company offers the product in several different conta
    11·1 answer
  • Three years ago, the U.S. dollar/euro exchange was 1.32 USD/EUR. Over the last three years, the price level in the United States
    11·1 answer
  • Mark and Amy hold the same position at an organization. However, Mark is paid more than Amy. According to the Equal Pay Act of 1
    12·1 answer
  • At Baumann's Fine Meats, the butchers will hand cut steaks to the thickness their customers specify and trim off the excess fat.
    11·1 answer
  • Which of the following statements is CORRECT? a. The DCF model is preferred by academics and finance practitioners over other co
    10·1 answer
  • The American Medical Association is considering putting a permanent cap on the number of medical residents (which effectively wo
    5·2 answers
  • Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on
    15·1 answer
  • Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp and p
    15·1 answer
  • To align currency symbols and decimal points in a column of numbers, you can apply the ____ number format.
    10·1 answer
  • _____ tend to outperform during an economic slowdown. a. Consumer durable goods b. Consumer staples c. Cyclical companies
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!