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Dafna11 [192]
2 years ago
13

The Golden Braid Bookstore currently has $340,000 in cash, $280,000 in inventory, and $40,000 in accounts receivable. The compan

y also has $65,000 in accounts payable, and $15,000 in other current liabilities. What is its quick ratio?
Mathematics
1 answer:
Ivenika [448]2 years ago
8 0

Answer:

The quick ratio is 4.75:1.

Step-by-step explanation:

From the given information it is clear that:

Cash = $340,000

Inventory = $280,000

Accounts receivable =  $40,000

Accounts payable = $65000

Other current liabilities = $15000

Formula for quick ratio:

\text{Quick ratio}=\frac{\text{Cash + Current receivables + short-term investment}}{\text{Current Liabilities}}

Substitute Cash = 340000, Current receivables=40000, Current Liabilities= (65000+15000).

\text{Quick ratio}=\frac{340000+40000}{65000+15000}

\text{Quick ratio}=4.75

Therefore the quick ratio is 4.75:1.

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Fruit juice comes in two types of containers. The first is a rectangular prism that is 9 inches tall and has a rectangular base
My name is Ann [436]

The volume of a rectangular prism:

V_p=Bh\\\\B=wl\\\\w=2\ in;\ l=3\ in;\ h=9\ in

substitute

V_p=2\cdot3\cdot9=54\ in^3

The volume of a cylinder:

V_c=\pi r^2h\\\\r=1.5\ in;\ h=8\ in

substitute:

V_c=\pi\cdot(1.5)^2\cdot8=\pi\cdot2.25\cdot8=18\pi\ in^3\approx18\cdot3.14=56.52\ in^3

Answer: C. The cylinder has the greater volume.

3 0
2 years ago
Jack bought 4 dozen eggs at $10 per dozen. 6 were broken. what percent of his money goes to waste
Korvikt [17]

So, if he has 4 dozen eggs, ten dollars per dozen, he has spent $40 on 48 eggs. <em>This means the cost of one egg = 48/40. </em>This can simplify to <em>6/5 </em>which is equal to<em> $1.20. </em>This means the value of one egg is $1.20, including the broken ones! So if six were broken, we multiply 1.20 x 6 which equals <em>$7.20!</em>

Use this "formula" to help find percentages

<em>Part/Total = %( Percentage )/ 100</em>

Now that we know how much money has gone to waste, we can plug in the known values into this "formula."

<em>7.2/48 = x/100</em>

Solve accordingly; cross multiply, 720 = 48x; divide both sides of the equation by 48 to isolate the variable, 720/48 = 48x/48; now you have your final answer which is:

15 = x; going back to the "formula" this means 15% of his money has gone to waste. I hope this helped! :)

5 0
2 years ago
Lincoln Middle School has a total of $200 to spend on notebooks and tablets for the school board meeting. Notebooks cost $7 each
Anton [14]
The school can buy fifteen notebooks and nineteen tablets.  15X7=105 and 5X19=95.  95+105=200.  The first thing you want to do is realize that 5Xanything will give you an answer that has a 0 or a five at the end, so you want to find a product by 7 that ends with a 0 or 5 too.
4 0
2 years ago
Susan, a recent college graduate, makes a base salary of $70,000 per year. Susan has federal income tax withholding of $12,000,
Damm [24]

Answer:

Susan's take-home pay <u>$48,645</u>.

Step-by-step explanation:

Given:

Susan, a recent college graduate, makes a base salary of $70,000 per year. Susan has federal income tax withholding of $12,000, and state tax withholding of $4,000. Employers are required to withhold a 6.2% Social Security tax and a 1.45% Medicare tax.

Now, to find Susan's take-home pay.

Basic salary = $70,000.

Now, her tax withholdings:

Federal income tax = $12,000.

State tax = $4,000.

<u><em>Social security tax = 6.2% of $70,000.</em></u>

=\frac{6.2}{100} \times 70,000\\\\=0.062\times 70,000\\\\=\$4340.

<u><em>Medicare tax = 1.45% of $70,000.</em></u>

=\frac{1.45}{100} \times 70000\\\\=0.0145\times 70000\\\\=\$1015.

Now, to get the take-home pay of Susan's we subtract all the tax holdings of federal, state, social and medicare from the basic salary:

70,000-(12,000+4,000+4340+1015)

=70,000-(21,355)

=70,000-21,355

=\$48,645.

Therefore, Susan's take-home pay $48,645.

7 0
2 years ago
The equation y=2x represents a set of data. Which statement is not true?
Sonja [21]

Answer:

Option D is correct

The initial value is 2

Step-by-step explanation:

The equation of line passes through the origin is represented by:

y = mx where m is the slope or unit rate .

Direct Proportionality says that:

if y \propto x then the equation of the form is y = kx where k is the constant of proportionality.

Given the equation: y = 2x

Then by definition:

m = 2

⇒ Slope on the line is 2.

⇒ the unit rate is 2.

Also, the constant of proportionality is 2.

Therefore, the statement which is not true for the equation y=2x represents a set of data is: The initial value is 2

7 0
2 years ago
Read 2 more answers
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