Answer:
0.74
Explanation:
Jones corporation reported a current assets of $196,000
The current liabilities is $138,500
The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900
Therefore the quick ratio can be calculated as follows
= cash + account receivables
= $61,000 + $42,100
= $103,100
$103,100/$138,500
= 0.74
Hence the acid test(quick ) ratio is 0.74
Answer:
A) number of projects completed
Explanation:
As Gulshan Parvana is operating a machine shop which generate revenue based on the bids on small projects. So, the most suitable basis for the allocation of utility cost is number of projects completed in the month. This basis drives the utility cost. As revenue and cost are based on the number of bids on projects won and completed in the period is the most suitable basis for cost assignment.
Explanation:
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Answer:
The correct answer is "key assumption"
Explanation:
In a business plan, the term key assumption refers to the sum of the plan, workforce, place, time and all the resources that you need to manage your business. Every business plan is filled with assumptions.
The objective is to identify is a project would be profitable or not,
Usually, investors use the key assumptions, before they decide to put in money.
Answer:
Spending Variance $389 Unfavorable
Explanation:
<em>The spending variance is the difference between the standard cost allowed for the actual level of activity and the actual cost incurred.</em>
$
Standard allowance ($19× 609) + 1090 12,661
Actual cost 1<u>3,050</u>
Spending Variance <u> 389 Unfavorable</u>
