Money is any item that serves as a medium of exchange for goods and services.
Answer:
c. pay off accounts payable prior to year-end.
Explanation:
The current ratio refers to the relationship between the current assets and the current liabilities
The formula to compute is as follows
Current ratio = Current assets ÷ current liabilities
It is a liquidity ratio that represents the liquidity of the company
Now for improving the current ratio first the company pay off the account payable before the year ending as it automatically reduced the balance of account payable
Hence, the correct option is c.
Answer:
The options are wrong,find below correct multiple choices:
$605,000
$825,000
$655,000
$150,000
The correct option is $605,000
Explanation:
Explicit costs are costs incurred that require actual cash settlement not costs of alternative forgone as in the case of implicit costs.
There is only example of explicit cost for Harvey Business in the first year of operation,which is the cost of production,packaging,marketing,employee wages and benefits and rent on a building.
In other words,the explicit costs incurred in year one =$55*11,000 units
=$605,000
The correct option is the of those ones provided above.
Answer:
6 hours
Explanation:
Let k = time it takes Karen to paint the house alone
then according to the question,
(2/3)(k)(1/k + 1/12) = 1
⇒(2k/3)(1/k + 1/12) = 1
⇒(2k)(1/k + 1/12) = 3
⇒(2 + k/6) = 3
Multiplying both sides by 6:
12 + k = 18
k = 6 hours
therefore Karen takes 6 hours to complete the Task.
A is the answer
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