Answer:
legal fees
Explanation:
there would not be legal fees
The going concern assumption assumes that the business
a. will be liquidated in the near future.
b. will be purchased by another business.
c. is in a growth industry.
d. will remain in operation for the foreseeable future.
The going concern assumption assumes that the business will remain in operation for the foreseeable future.
What is the going concern assumption?A company is referred to as a "going concern" in accounting if it is anticipated that it will continue to operate for at least the following 12 months. It is based on the supposition that the company can make money, pay its debts, and won't need to liquidate in the upcoming year.An entity is considered to be continuing in business for the foreseeable future under the going-concern assumption. A going-concern basis is used to compile general purpose financial statements unless management has no choice but to do so or has plans to stop operations entirely.To learn more about going concern refer,
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The major purpose of test marketing is to provide management with the information needed to make a final decision about ________.
A) how to develop a market strategy
B) which market to compete in
C) whether to launch the new product
D) how to compete in the market
E) how long to compete in the market
The main goal of marketing plan is to give management the data they need to decide whether or not to officially introduce the new product.
What does the term "marketing" mean?Marketing is the process of creating, sharing, delivering, and exchanging offerings that are beneficial to clients, consumer, companies, and culture as a whole. Top 5 types are direct marketing, promotional events, marketing communications, green products, and comprehensive marketing. The field of marketing is always changing.
What purpose does marketing fulfill?The benefit of promoting for your business is that it draws in customers and influences their decision to buy your services or goods. Your business plan's marketing contributes to the establishment and maintenance of your market, relevance, brand, competitiveness, etc.
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. A(n) _____ is an individual who acts as an information broker between the mass media and the views and behaviors of an individual or group.
a. market maven
b. quality analyst
c. price purveyor
d. opinion leader
e. market leader
The correct option is Option D
An opinion leader is an individual who acts as an information broker between the mass media and the views and behaviors of an individual or group.
Opinion leader:
An involved media user must perform opinion leadership in order to interpret media messages or content for lower-end media users. Opinion leaders are frequently highly regarded by those who share their opinions.
Due to our propensity for consulting others for guidance in social settings, opinion leaders play a significant role in information flow. The target audiences for the mass media's information are not reached directly; instead, it is disseminated to them through a mediation process by powerful individuals. Certain traits of opinion leaders make them influential in the public's behavior and decision-making. Opinion leaders may support personal growth, enhance personal recognition, and assist others in performing tasks more effectively by sharing their knowledge.
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rolf, a citizen of new mexico, wants to file a suit against sandy, a citizen of texas. their diversity of citizenship may be a basis for
Rolf, a resident of New Mexico, intends to sue sandy, a resident of Texas. Because of their diversity of citizenship, a federal court might be able to exercise original jurisdiction over them.
What type of jurisdiction does the federal court exercise?Cases involving the United States government, the Constitution or federal statutes, including disputes between states or between the U.S. government and foreign governments, fall under the purview of federal courts.
In common law legal systems, a court's original jurisdiction is its authority to hear a case for the first time, as opposed to an appellate court's authority to review a lower court's ruling.
District courts, which are the trial court, circuit courts, which are the first level of appeal, and the Supreme Court of the United States, which is the ultimate level of appeal in the federal system, are the three primary levels of the federal court system.
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Complete Question:
Rolf, a citizen of New Mexico, wants to file a suit against Sandy, a citizen of Texas, relating to a motorcycle accident in which Rolf's injuries resulted in medical costs of more than $75,000. Their diversity of citizenship may be a basis for
Your boss, Sally Maloney, treasurer of Fred Clark Enterprises (FCE), asked you to help her estimate the intrinsic value of the company's stock. FCE just paid a dividend of $1.00, and the stock now sells for $17.50 per share. Sally asked a number of security analysts what they believe FCE's future dividends will be, based on their analysis of the company. The consensus is that the dividend will be increased by 10% during Years 1 to 3, and it will be increased at a rate of 5% per year in Year 4 and thereafter. Sally asked you to use that information to estimate the required rate of return on the stock, rs, and she provided you with the following template for use in the analysis.
Estimated rs = 10.00% (must be changed to force Calculated Price to equal the Actual Market Price)
Actual Market Price, P0: $17.50 Rapid growth Normal growth
Year 0 1 2 3 4 5
Dividend growth rate (insert correct values) 10% 10% 10% 5% 5%
Calculated dividends (D0 has been paid) $1.00 ? ? ? ? ?
HV3 = D4/(rs - g4). Find using Estimated rs. ? Total CFs ? ? ? PVs of CFs when discounted at Estimated rs ? ? ? Calculated Price = P0 = Sum of PVs = $0.00 A positive number will be here when dividends are estimated.
The Calculated Price will equal the Actual Market Price once the correct rs has been found.
Sally told you that the growth rates in the template were just put in as a trial, and that you must replace them with the analysts' forecasted rates to get the correct forecasted dividends and then the estimated HV. She also notes that the estimated value for rs, at the top of the template, is also just a guess, and you must replace it with a value that will cause the Calculated Price shown at the bottom to equal the Actual Market Price. She suggests that, after you have put in the correct dividends, you can manually calculate the price, using a series of guesses as to the Estimated rs. The value of rs that causes the calculated price to equal the actual price is the correct one. She notes, though, that this trial-and-error process is quite tedious, and that the correct rs could be found much faster with a simple Excel model, especially if you use Goal Seek. What is the value of rs?
a. 9.83% b. 13.97% c. 10.54% d. 12.44% e. 11.84%
The correct rs could be found much faster with a simple Excel model, especially if you use Goal Seek ,The value of rs is 13%.
What is the value of rs?This may be resolved in Excel by:
determine each year's dividend PV.
Years 0 – 1 – 2 – 3 – 4
1*1.10 1*1.1^2 1*1.1^3 1*1.1^3 *1.05
We use the following equation to get the terminal value of the increase after year 4:
Div1 = PV(n-1) (Rs-Growth)
Years 1 through 4 are:
CF 1.1 1.21 1.331 1.3975
PV (CF1/(1+rs)), (CF2/(1+rs)), (CF3/(1+rs)), (CF4/(rs-0.05)), (CF4/(1+rs))
The PV values must add up to 15 because the price is equal to 15.
By altering the value of rs, you may instruct Excel to calculate the sum of those functions until it equals 15.
Rs = 0.1297 or ~13%
The value of rs is 13%.
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Suppose a perfectly competitive firm can increase its profits by increasing its output. Then it must be the case that the firm's:
Choose one answer.
a. price exceeds its average variable cost, but is less than average total cost.
b. marginal cost exceeds its marginal revenue.
c. marginal revenue exceeds its marginal cost.
d. price exceeds its marginal revenue.
Suppose that a perfectly competitive firm can increase its profits by increasing its output. Then, it must be the case that the firm's price exceeds its marginal cost. The Option D is correct.
What is marginal cost?In economics, marginal cost refer to change in the total cost that arises when the quantity produced is incremented and the cost of producing additional quantity. It also mean an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount.
If sale price is higher than marginal cost, then, the firm will produce the unit and supply it. If the marginal cost is higher than the price, it would not be profitable to produce it. So, the production will be always carried out until the marginal cost is equal to the sale price.
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For each of the following network diagrams, determine both the critical path and the expected project duration. The numbers on the arrows represent expected activity times.a. Activity-on-arrow diagramPictureThe critical path is (Click to select)1–3–7–8–91–3–6–9–11–121–2–4–7–10–121–2–5–7–8–91–2–5–8–10–12.The expected project duration is .b. Activity-on-node diagramPictureThe critical path is (Click to select)1–2–4–6–8–91–3–7–8–91–2–5–7–8–91–3–6–9–11–121–2–5–6–8–9.The expected project duration is .c. Activity-on-arrow diagramPictureThe critical path is (Click to select)1–3–7–14–161–3–6–13–161–4–8–9–10–11–15–161–4–8–10–11–15–161–2–5–12–16.The expected project duration is .
a. The expected project duration is 31 weeks.
b. The expected project duration is 55 weeks.
c. The expected project duration is 44 weeks.
What is a project?An endeavor that is meticulously planned to accomplish a certain goal is referred to as a project. This task can be carried out alone or in a group. It might also entail design or research.
According to a different perspective, a project is managed as a series of related activities that must be completed within specific time, budget, and other constraints.
A project may be a transient (rather than a permanent) social structure (work system), sometimes staffed by teams (inside or across organizations) to carry out specific tasks under time limitations.
A project could be an independent system or a component of a larger program management effort.
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a new employee has been hired for the customer service department and will be using a desktop computer in the office, along with the company intranet. which of the following policies would be most applicable to this user? remote access policy acceptable use policy byod privileged user policy
A network or other resource users must abide by in order to utilize it is covered by an acceptable use policy. Learn about the nine components that make up AUPs.
What is an illustration of a permissible use policy?The IT security policies of a business are governed by an AUP. These include prohibitions on utilizing public Wi-Fi, reading dubious email attachments, updating access data, such as passwords, accessing restricted information, and using authentication methods that have been approved by the firm.
What constitutes a lawful policy?An agreement between two or more parties that specifies the permitted use of access to a corporate network or the internet is known as an acceptable use policy, or AUP. is permitted and prohibited by this document is described.
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T/F the money multiplier process also works in reverse when a loan is repaid and the amount of money that is destroyed is equal to the loan repayment times the money multiplier.
When a loan is repaid, the money multiplier mechanism also acts in reverse, resulting in the destruction of an amount of money equal to the loan payback multiplied by the true value of the money multiplier.
What does term of repayment mean?The time frame from the first point on credit to the transaction's eventual maturity is referred to as the "repayment term." The accomplishment of the exporter's obligation under the export contract is often the starting point of credit ..
What loan repayment means?Repaying a loan involves paying back the money you received from a lender plus any relevant interest. The repayment plan often consists of a set process (referred to as a loan payback schedule) inside the form of equivalent monthly instalments, or EMIs.
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Hudson is making a list of all the costs he must pay to operate his gift shop. He includes rent, utilities, employee compensation, and point-of-purchase tax. Why
should Hudson NOT have included point-of-purchase tax on his list of costs?
A. Because suppliers pay point-of-purchase tax
B.Because distributors pay point-of-purchase tax
C.Because shippers pay point-of-purchase tax
D. Because consumers pay point-of-purchase tax
Hudson NOT have included a point-of-purchase tax on his list of costs Because consumers pay point-of-purchase tax. Thus option D is correct.
What is point-of-purchase tax?Customers who purchase the priced items and operations only within the boundaries of the tax must pay a sales tax somewhere at point of the transaction. In the United States, a nation, or occasionally a municipality or county is in charge.
The tax was omitted by Hudson from his list of expenses. The cost to the user of the goods or services includes the tax in addition to the device's or provider's price. Therefore, option D is the correct option.
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this monopolistically competitive firm is earning economic profits in the short run and: this will cause its demand curve to shift to the right in the long run this will cause its cost curves to rise in the long run will continue to have economic profits in the long run will earn only normal profits (zero economic profit) in the long run
This monopolistically competitive firm is earning economic profits in the short run and will earn only normal profits (zero economic profit) in the long run.
Monopolistic competition occurs when a large number of enterprises offer items or services that compete with one another and are comparable but not exact alternatives for one another.
In an industry that is monopolistically competitive, the obstacles to entry are low, and the decisions that any one company makes do not immediately effect the other firms in the industry. Pricing strategies and advertising choices are the primary differentiating factors among the competing businesses.
Monopolistic competition is when numerous different companies provide things that are comparable to one another but not exactly the same.
Companies that engage in monopolistic competition differentiate their wares by employing distinct pricing and distribution methods.
In monopolistic competition, barriers to entry, which can refer to the expenses or other restrictions that prevent new rivals from entering an industry, are relatively low.
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true and false There are many advantages of an ethical organization, including that it can have a positive effect on employee commitment and motivation to excel.
There are many advantages of an ethical organization including that it can have a positive effect on employee commitment and motivation to excel is True.
Organizational ethics is the ethics of an organization and how it responds to internal or external stimuli. Organizational ethics depend on organizational culture. Organizational ethics includes various guidelines and principles that dictate how individuals should behave in the workplace.
Also refers to a code of conduct for people working in a particular organization. All organizations operate to make a profit, but more importantly how they make a profit. This means that when an employee reports misconduct, we investigate it thoroughly, and when they commit misconduct, we punish them appropriately.
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True That there are many advantages of an ethical organization, including that it can have a positive effect on employee commitment and motivation to excel.
Advantages of ethicals:- By using having a code of ethics, it affords you a tool to make constant choices approximately what is proper and wrong. this is mainly helpful while making choices in times of conflict. by means of strolling a moral operation, personnel feels like they may be contributing to society in a wonderful manner.
Ethical people are people who understand the difference between right and incorrect and constantly attempt to set an instance of right conduct. In an enterprise putting, moral behavior is behavior which means applies the standards of honesty and fairness to relationships with coworkers and clients. ethical people take the time to treat anyone with whom they arrive in contact as they could want to be dealt with themselves.
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The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability in this situation:
Year
Income from
Operations
Net Cash
Flow
1
$18,750
$93,750
2
18,750
93,750
3
18,750
93,750
4
18,750
93,750
5
18,750
93,750
The average rate of return for this investment is:
A) 15%
B) 10%
C) 5%
D) 25%
In addition to the foregoing information, use the following data in determining the acceptability in this situation 25%.
Decide (April 7, 1951 – September 27, 1972), turned into an American Thoroughbred race horse. In a racing profession which lasted from 1953 via 1955, the California-trained colt ran 40-4 instances and won eighteen races. His excellent season became 1954 while he have become the primary grey horse to win the Kentucky Derby. determine changed into sired by using the British stallion Alibhai a son of the 1933 Epsom Derby and St. Leger Stakes winner Hyperion. Alibhai's other progeny blanketed Your Host and Flower Bowl. determine's dam became Koubis, born with a cleft palate. Her breeder, Dr. Eslie Asbury, used mainly designed instruments to restore her palate in a unique operation, but she became never raced. Koubis become a granddaughter of the mare Swing On, the dam of Seabiscuit, and was additionally related to Equipoise and deliberately.[1]
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A stable share price along with a fluctuating dividend based on market conditions is associated with.
Adjustable-rate preferred stock is characterised by a steady share price and a variable dividend dependent on market conditions.
What is the share price right now?It is the latest trading price for a single share or any other security. The present price serves as a starting point in an open market. It price that a buyer and seller would've been willing to pay for a later transaction involving that security.
How do I buy stocks?Using an online stockbroker is the easiest way to purchase stocks. You may quickly purchase stocks on the broker's website after creating and financing your account. Other choices include buying shares directly from the business or utilizing a full-service broker.
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individuals that provide general oversight of the corporation but do not necessarily own it or run its day-to-day operations are known as the corporations:
Individuals that provide general oversight of the corporation but do not necessarily own it or run its day-to-day operations are known as the corporations the board of directors.
A company is an organization that usually includes a group of individuals or businesses that have been authorized by the state to operate as a single entity and recognized by law for certain purposes. The first companies were established with a charter. Most governments now allow the registration of new companies.
While there are different types of companies, they are generally classified according to the laws of the country in which they are incorporated based on their ability to issue shares or the purpose for which they are incorporated. A corporation can be a general corporation or a sole proprietorship, depending on the number of shareholders.
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a market where no single buyer or seller can influence the price is a: group of answer choices competitive market. factor market. seller's market. buyer's market.
No single decision maker has any impact over the market pricing because each buyer and seller is insignificant in comparison to the entire market.
A market that allows for free access and leaves is said to be competitive. This implies that every party has the freedom to enter, operate in, and quit the industry. In other words, neither a party nor a company has a significant enough stake in the sector to act as a gatekeeper.
Furthermore, prices cannot be unilaterally established by any business because they are governed by the forces of supply and demand.
The market price is not influenced by any one decision-maker.
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ontrolling part of the supply chain that involves finished product storage, outbound logistics, marketing and sales, and customer service.
The outbound logistics is concerned with the supply side of the supply-demand equation. The procedure entails storing and transporting goods to the customer or end user.
The order fulfilment, packing, shipping, delivery, and customer service related to delivery are among the steps. Typically, SCM attempts to centrally control or link a product's production, shipment, and distribution. Companies can reduce costs and deliver demand products to customers faster by managing the supply chain. Inbound and outbound logistics processes both move and deliver various goods to various parties. Outbound logistics processes move finished products from a business to the end customer or user.
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if management can estimate the amount of loss that will occur and the likelihood of the loss reasonably possible a contingent liability should be
Contingent liability, sometimes referred to as oblique liability, is a accountability that happens based on the consequence of a particular tournament that gives insurance for losses to a 1/3 birthday party for which the insured is vicariously liable.
What is meant through contingent liabilities?Description: A contingent liability is a legal responsibility or a viable loss that may additionally manifest in the future depending on the effect of a precise event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability.
Is contingent liability a contemporary liability?Current and contingent liabilities are each necessary financial things for a business. The most important distinction between the two is that a modern-day liability is an quantity that you already owe, whereas a contingent liability refers to an quantity that you could potentially owe depending on how positive activities transpire.
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https://brainly.com/question/14921529#SPJ4A pharmacy has determined that a healthy person should receive 70 units of
proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries
the six types of health food with their ingredients as shown in the table below,
what blend of foods satisfies the requirements at minimum cost to the
pharmacy? Make a mathematical model for the given problem.
Answer:
Explanation:
69
PLEASE HELP WITH CORRECT ANSWER
Why are staffing firms a useful resource you can use in a job search for a career in hospitality and tourism?
They can negotiate better salaries and terms of employment once you are hired.
They host in-person gatherings where you can meet others in the hospitality industry.
They provide crucial trainings for specific job skills in the hospitality and tourism industry.
They work with companies to help them find the best candidates for open positions.
Staffing firms a useful resource you can use in a job search as ---They work with companies to help them find the best candidates for open positions.
Option D is correct.
Staffing Firm:A staffing agency - also known as search, recruitment, staffing agency or service - is an organization that connects businesses with job seekers. Registering with a recruitment agency gives you the opportunity to connect with multiple hiring managers looking for the right person for your job.
Why are staffing important?Find suitable resources. Human Resources plays a very important role in finding the best resources needed to run the company's day-to-day operations. In other words, staffing is the process of finding qualified resources to perform various functions of an organization.
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sparks corporation has a cash balance of $9,900 on april 1. the company must maintain a minimum cash balance of $8,000. during april, expected cash receipts are $52,000.
The company must maintain a minimum cash balance of $8,000. During April, expected cash receipts are $52,000. They need to take owe 4,100 more to maintain the cash balance.
How can a minimum cash balance be determined?
You may use the function MAX to model the minimal cash balance (net cash and debt, minimum cash). If there is a minimum cash limitation, you must then include the necessary debt financing to retain the cash on the balance sheet in order to model the debt balance.
What justifies maintaining a minimum cash balance?
Companies can prevent cash shortages brought on by cash outflows exceeding cash inflows during a specific accounting period by maintaining a minimum cash balance. It is the smallest sum of cash that a business maintains on hand to achieve cash maintenance and planning goals.
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Listed below are terms and definitions associated with bonds. Terms: 1. Sinking fund. 2. Secured bond. 3. Unsecured bond. 4. Term bond. 5. Serial bond. 6. Callable bond. 7. Convertible bond. 8. Bond issue costs. Definitions: a. Allows the issuer to pay off the bonds early at a fixed price. b. Matures in installments. c. Secured only by the "full faith and credit" of the issuing corporation. d. Allows the investor to transfer each bond into shares of common stock. e. Money set aside to pay debts as they come due. f. Matures on a single date. g. Supported by specific assets pledged as collateral by the issuer. h. Includes underwriting, legal, accounting, registration, and printing fees. Match (by letter) the bond terms with their definitions. Each letter is used only once.
There are various types of bonds that can be classified based on a number of factors, including the issuer, the type of security, the terms of the bond, and the nature of the interest payments.
What is bonds ?A bond is a financial instrument that represents a debt obligation between an issuer and a holder. When a company or government issues a bond, it is essentially borrowing money from the holder of the bond and agreeing to pay back the principal and interest at a later date.
Sinking fund - e. Money set aside to pay debts as they come due.
Secured bond - g. Supported by specific assets pledged as collateral by the issuer.
Unsecured bond - c. Secured only by the "full faith and credit" of the issuing corporation.
Term bond - f. Matures on a single date.
Serial bond - b. Matures in installments.
Callable bond - a. Allows the issuer to pay off the bonds early at a fixed price.
Convertible bond - d. Allows the investor to transfer each bond into shares of common stock.
Bond issue costs - h. Includes underwriting, legal, accounting, registration, and printing fees.
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Communicating Effectively
Posttest
You work as an administrative assistant in an engineering firm. A co-worker constantly makes fun of the
engineers by whispering comments to you about the engineers' appearance and behavior.
Read the following possible courses of action and decide which is the BEST way to handle the situation
and which is the WORST way to handle the situation.
1. Make fun of the co-worker behind his back to get back at him.
2. Avoid the co-worker and suggest others do the same until he stops making comments.
3. Tell the engineers exactly what the co-worker says about them.
4. Confront the co-worker and tell him to stop making fun of the other people.
Which is the BEST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
>
Which is the WORST way to handle the situation?
Option 1
Option 2
Option 3
Option 4
The Best way to handle the situation or communicate effectively the problem is Confront the co-worker and tell him to stop making fun of the other people. The Worst way to handle the situation is Avoid the co-worker and suggest others do the same until he stops making comments.
Thus, the best way is option 4 and worst way is option 2.
What is effective communication?The process of exchanging ideas, opinions, knowledge, and facts in order to ensure that the message is received and understood with clarity and purpose is known as effective communication. The sender and the receiver are both delighted when we communicate successfully.
You work as an administrative assistant in an engineering firm. A co-worker constantly makes fun of the engineers by whispering comments to you about the engineers' appearance and behavior. Confronting the the co-worker and telling him to stop making fun of the other people is the effective communication for the situation and avoiding the co-worker and suggest others do the same until he stops making comments is the worst way to deal with the situation
Therefore, Option 4 and 2 are the correct answers.
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Ray, the CEO of Textiles Inc., believes the goals of the company must be divided into smaller departmental and individual goals, and the accomplishment of these smaller goals will result in accomplishment of the bigger goals of the company. In the context of measuring performance results, Ray's belief can be best justified using _____.
The easiest way to support Ray's assertion in the context of evaluating performance outcomes is to use MBO. The company's main goals will be achieved as a result of these smaller ones being achieved.
What does "performance at work" mean?
The way a worker performs their job responsibilities and completes necessary tasks is referred to as their performance. It speaks to the usefulness, excellence, and efficacy of their product. Performance is taken into consideration when determining an employee's value to the company.
What significance does performance have?
An effective performance management system aids staff in comprehending the company's objectives and their respective roles in achieving these objectives. This shows that they are aware of how their efforts effect progress as a whole.
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A legal right of shareholders is:
A) To vote on members for the board of directors.
B) To receive interest, if declared.
C) To publish annual financial reports.
D) To vote on who will become chief executive officer (CEO).
A legal right of the shareholders is to receive the interest, if declared.
Who is a shareholder?A shareholder is a natural person or business that a corporation has recognized as the rightful owner of shares in the capital stock of a public or private corporation. Occasionally, shareholders are used to refer to members of a corporation. How much influence a shareholder has over the business is based on the proportion of shares they own. Legally speaking, a corporation's stockholders are separate entities from the business itself. Unless a shareholder has given guarantees, it is argued that their culpability for company obligations is limited to the unpaid share price. In theory, they are exempt from accountability for the corporation's commitments. The corporation only needs to provide documentation for the owner who is listed on the register; the beneficial owner of a shareholding is not required to do so.
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which of the following sampling approaches first divides the population into subgroups based on one or more variables of interest?
Stratified random sampling approaches first divides the population into subgroups based on one or more variables of interest.
A method of sampling from a population that may be divided into subpopulations is known as stratified sampling in statistics.
Before sampling, a population is stratified by separating its members into uniform subgroups. The population should be divided up according to the strata. This means that each component of the population must be assigned to a single stratum in order for it to be mutually exclusive and collectively exhaustive. Then each stratum is subjected to basic random sampling. Reducing sampling error is the goal in order to increase sample accuracy. In comparison to the arithmetic mean of a straightforward random sampling of the population, it can generate a weighted mean with less fluctuation.
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in order to retain a security deposit, a landlord is required to have taken all of the following actions except
Answer:
marketed the property on the multiple listing service.
Explanation:
Refer to the balance sheet above. Lutherʹs quick ratio for 2006 is closest to ________. A) 0.87
B) 1.75 C) 0.88 D) 1.31
The quick ratio is calculated by dividing current assets less inventories by current liabilities. In this case, it would be (18,000 – 5,000) / 20,000 = 0.87.
What is quick ratio?The quick ratio (or acid-test ratio) is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its most liquid assets. It is calculated by dividing a company's current assets (cash, cash equivalents, and short-term marketable securities) by its current liabilities. A quick ratio of 1 or higher indicates that a company should be able to cover its short-term liabilities with its most liquid assets. A ratio of less than 1 indicates that the company may not be able to cover its short-term liabilities with its most liquid assets. The higher the ratio, the more capable a company is at covering its current liabilities with its most liquid assets.
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Match the cost center on the left with the center's method of evaluation. Cost Center Ability to generate revenues - Profit center Ability to control costs - Investment center Ability to generate revenues in excess of costs - Responsibility center d. Not a specific cost center
Match the cost center on the left with the center's method of evaluation is cost center ability to control costs.
The method of evaluation or evaluation is the method to the assessment which is signified by using the criteria of the government.
The method of evaluation include measurements in the input measurement, output measurement and performance measurement, assessment in the in-comes assessment, outcomes assessment, impact assessment, standard cost etc.
Through the method of evaluation, it is used in determine the cost center ability to control costs.
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a classified income statement showed net sales of $455,000, cost of goods sold of $192,000, and total operating expenses of $169,000 for the fiscal year ended june 30, 20x1.
There was a $243,000 profit on sales. For the purpose of reporting financial and tax information, a company uses a fiscal year, a 12-month accounting period.
What is an example of a fiscal year?
For instance, the fiscal year 2023 runs from July 1, 2022, through June 30, 2023. The divisions into which each fiscal year is further split are referred to as "fiscal periods." For additional information about UCI's fiscal years, keep reading.
Why do businesses employ fiscal years?
Retailers can produce the proper financial report for tax purposes by choosing January as their fiscal year. A fiscal year is frequently used by seasonal enterprises to aid with bookkeeping. For instance, some firms receive the majority of their earnings during the springtime while paying their costs in the winter.
Briefing:
$435,000 − $192,000 = $243,000
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