Answers
The statement "If you benefit from an action you've taken, that means it must have been unethical" is false.
The statement that if you benefit from an action you've taken, it must have been unethical is not necessarily true. Ethics refers to the principles of right and wrong conduct, and whether an action is considered ethical or not depends on various factors, such as the intention behind the action, the consequences it brings, and the ethical frameworks or standards used to evaluate it.
It is possible for an action to be both beneficial and ethical. Many actions that benefit individuals or society at large can also align with ethical principles. For example, donating money to a charitable organization can be both beneficial in terms of helping those in need and ethical in terms of promoting fairness, compassion, and social welfare.
On the other hand, it is also possible for actions that benefit someone to be unethical. For instance, if someone gains personal advantage by deceiving or harming others, their benefit would be unethical because it comes at the expense of others' well-being or violates ethical principles such as honesty, fairness, or respect for others.
In summary, the relationship between benefit and ethics is not a direct correlation. While it is possible for actions to be both beneficial and ethical, it is also possible for actions to be unethical even if they result in personal benefit. Ethical evaluations require considering a broader perspective and assessing the underlying principles and consequences of the action, rather than simply focusing on personal gain.
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Related Questions
To loosen credit the Federal Reserve will: A sell U.S. Government securities to bank dealers with an agreement to buy them back at a later date B buy U.S. Government securities from bank dealers with an agreement to sell them back at a later date C sell Foreign Government securities to bank dealers with an agreement to buy them back at a later date D buy Foreign Government securities from bank dealers with an agreement to sell them back at a later date
Answers
Answer:
B buy U.S. Government securities from bank dealers with an agreement to sell them back at a later date
Explanation:
The Federal reserve uses open market operations to regulate liquidity in the economy. This eases or restricts how bank dealers can give credit.
To ease credit giving ability of bank dealers the Federal Reserve will buy US Government securities from bank dealers. This gives them extra money which they can give out as loans to their customers.
On the other hand when credit needs to be tightened, the Federal Reserve will mop up cash by selling Government securities to the bank dealers
You are a mid-level manager at a water distillation and filtration plant that provides five gallon bottles of water to consumers and businesses. Your organization produces three types of water that are marketed:
Distilled bottles (7$/bottle) that are typically used by businesses in the medical and chemical industries
Spring bottles (5$/bottle) that are typically used by consumer households
Artesian bottles (10$/bottle) that are typically used by high-end hospitality businesses
Unfortunately, your production plant suffered a mechanical breakdown. One of the lines is not operational, and therefore one of the specific types of water will not be produced for one month. Recognizing that it is off-season for tourists in your region, your direct manager has decided to stop production of Artesian water. You are tasked with emailing your largest hospitality client, Golden Mango Resort. You must inform them that you will not be able to provide their Artesian water order. It is possible that you may substitute their ordered water for another type of water. How are you going to deliver the bad news?
Answers
The appropriate way to inform the hotel about the breakdown situation of the production plant and the proposal to solve the problem caused to the hotel is by means of a letter in formal and proactive language.
What is a letter?A letter is a term to refer to a means of written communication through which we can send a message to another person. Letters were a means of communication used for much of history. However, in recent years they have been replaced by emails and instant messages.
How to write a formal letter?A formal letter is generally a document that a sender sends to a receiver to formally inform, request or communicate a specific event. Generally, this type of language is used in the workplace between companies, employee - employer, students - teachers, scientists, entrepreneurs or others.
Sample formal letter for Golden Mango ResortSan Francisco, CA. St 7 - 54
October 18, 2022
Margaret Brennan.
Cordial greetings Mrs. Margaret Brennan, I respectfully communicate with you to inform you that in recent days one of our production plants suffered a mechanical breakdown and its repair will take at least a month to return to producing the amount before.
In response to this situation, the directors of our company have made the decision to pause the production of artisanal water bottles that we had been selling to Golden Mango Resort given the low number of tourists in the region. Due to the above, we will not be able to fulfill your request for artisanal water from the last month.
On the other hand, we want to offer you an alternative with our line of spring bottles that are half the value of craft bottles. I apologize in advance for this situation and await your response.
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Blue Suede plc is trying to determine its cost of debt. The firm has a debt issue outstanding with 10 years to maturity that is quoted at 104 per cent of face value. The issue makes pays a coupon of 7.2 per cent annually. The tax rate is 18 per cent and the face value of the debt is €1,000.
Answers
Blue Suede Plc's cost of debt is 5.5% with a coupon payment of 7.2% annually and a tax rate of 18%.
What is the cost of debt?The cost of debt does not include only the interest expense paid for acquiring the debt, but it excludes the tax benefit that should have been charged on the interest expense.
For a debt that pays a coupon interest of 7.2% per annum, the effective interest rate excludes the tax benefits.
In this situation, we calculate the effective interest rate as 5.567% using an online finance calculator before deducting the tax benefit element.
N (# of periods) = 10 years
PV (Present Value) = €1,000
PMT (Periodic Payment) = €-72
FV (Future Value) = €0
Results:
I/Y = 5.567%
Tax rate = 18%
Cost of debt = 5.4666794% {5.567% x (1 - 0.18)}
= 5.5%
Sum of all periodic interest payments = €-720 (10 x €-72)
Thus, effectively, the cost of Blue Suede's debt is 5.5%.
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Discuss 6 reason why banks fail in Ghana and proffer solution to reduce banking sector from these 6 cancerous roots in your opinion
Answers
Various reasons have been found as the source of bank failure in Ghana; 6 reasons among these several reasons include Lack of corporate governance and Bad loans.
Other reasons why banks fail in Ghana include the following:
Inefficient regulatory practicesFake licenses processLow capital basePoor credit risk.The solution to restoring the banking sector from these six cancerous roots are following:
The Central Bank of Ghana should ensure all the banks in Ghana have a specific amount of capital to run their banking services to avoid undercapitalization.All the banks should ensure they carry out a necessary credit risk analysis before discharging credit to customers.The Central Bank of Ghana should make the licensing process open and fair while putting heavy sanctions on banks with fake licenses.The Central Bank of Ghana should also check the bank operations report periodically to know if they are working under established standards.All the Banks in Ghana should be encouraged and mandated to operate based on established corporate standards.Banks in Ghana should always access the loan or lending operations to manage their capital very well.Hence, in this case, the Bank's failure in Ghana can be redeemed if the proper strategies are in place.
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John received a promotion at work and felt new clothes would be necessary in the new position. John went to a local store and charged three ties on his charge account at a cost of $60 each. Bill, a friend of John's, saw a sidewalk vendor selling ties at a cost of three for $10 and bought three at that price. The friends compared purchases that night and found that they had purchased identical ties. John became enraged and said that he would not pay the charge-account bill because the ties were clearly not worth $60 each. Bill indicated that he would testify on John's behalf if litigation ensued. What would be the probable outcome of the lawsuit
Answers
Answer:
John will lose the lawsuit
Explanation:
Businesses have a right to set the price of their products, and when the customers considers the price and agrees with it the deal is sealed.
In the given scenario John made the purchase at $60 per tie and he was satisfied with the sale at point of purchase.
He only became enraged when Bill told him he bought his identical ties at $10.
John will lose a lawsuit of he fails to pay the charge-account bill because he willingly agreed to the $60 per tie price.
Which of the following is not a reason why brand loyalty is declining?
Answers
Customers that purchase from you have a sense of belonging to the brand's community, which includes other customers and business representatives. Active involvement is the best illustration of brand loyalty.
What are the three tiers of brand loyalty, ranked from the least to the most intense?Understanding the three stages of brand loyalty—brand recognition, brand preference, and brand insistence—will help you better grasp how consumers view brand loyalty.
Which industry-specific factors are most likely to result in surplus capacity?Overinvestment, suppressed demand, technical advancement, and external shocks—such as a financial crisis—among other elements, can all contribute to excess capacity. Incorrect market predictions or improper resource allocation can also result in excess capacity.
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Producing goods and services and paying taxes are two ways that businesses:
Answers
Producing goods and services and paying taxes are two ways that business: benefit society.
What is taxation?Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
The types of tax.In Economics, there are different types of tax levied on individuals or business firms by the government, and these include the following:
Sales taxProperty taxIncome taxIn this context, we can infer and logically deduce that the two ways through which business firms benefit society are by producing goods and services and paying taxes to the government.
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Martha realizes that the microwave she bought is faulty after a month of purchase. The manufacturer of the microwave asks Martha to pay the repair expenses as the fault was with a part that was out of warranty. Martha was unaware of this warranty condition. What should Martha do to resolve her grievance?
Answers
If Martha was unaware of this warranty condition. What Martha should do to resolve her grievance is: c. approach the Federal Trade Commission.
What is Federal Trade Commission?Federal Trade Commission can be defined as the agent whose sole responsibility is to fight for consumer right in a situation where buyers of a product are not treated rightly by a seller or when a company defraud a potential customers.
The best thing is for her to approach the federal trade commission and explain what transpire between her and the seller in which this agency will investigate the matter and fight for her right since their duties is to protect buyers from sellers.
Therefore we can conclude that Martha should approach the Federal Trade Commission so as to make her complaints.
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The complete question is:
Martha realizes that the microwave she bought is faulty after a month of purchase. The manufacturer of the microwave asks Martha to pay the repair expenses as the fault was with a part that was out of warranty. Martha was unaware of this warranty condition. What should Martha do to resolve her grievance?
A. pay for the repair
B. contact the Food and Drug Administration
C. approach the Federal Trade Commission
D. buy a new microwave
E. recycle the microwave responsibly
Answer
The answer is C, approach the Federal Trade Commission.
Explanation:
THIS IS FOR CULINARY
A contingency plan for labor may include (choose one answer)
A. taxes
B. insurance
C. cross trained employees
D. layoffs
Answers
Answer:
D. layoffs
Explanation:
A contingency plan is an alternative plan of action in case of unexpected outcomes. It is devised and kept in place to be implemented in bad times. A contingency plan is a sort of a risk mitigation plan to help the business navigate through a bad situation efficiently.
A contingency plan for labor include measures that can help a business overcome tough seasons. The business may need to layoff some employees to save on labor in times of economic downtime
All of the following statements regarding “barter” are true EXCEPT:
It is efficient in terms of resources used.
Its widespread use is limited.
It is an exchange system where goods trade for goods.
Since it requires you to find someone willing to trade, it can be time consuming
Answers
Answer:
1
Explanation:
"It is efficient in terms of resources used."
It is false.
When someone buys a fourth television for his or her house, what is the result? O A. The production of televisions becomes more efficient. B. The increase in demand brings leads to higher prices for televisions! O C. There's a rise in the opportunity cost of buying other goods. O D. There's a decrease in the marginal utility of the television.
Answers
Answer:
I would say it is B because if there getting 4 telivisions for themselves and othe 0eople are buying telivisions then the supply will becone lower and the prices will become. higher because they know or people are going to buy it .
Answer:
I would pick B
Explanation:
BECAUSE IF PEOPLE BUY SO MUCH TELEVISION THEY WOULD HAVE TO RISE THE PRICE OF I BECAUSE THEY KNOW THAT OTHER PEOPLE WILL COME BUYING MORE TVS
Johnson sells $111,000 of product to Robbins, and also purchases $12,200 of advertising services from Robbins. The advertising services have a fair value of $9,100. Johnson should recognize total revenue to account for these events of: rev: 01_03_2020_QC_CS-190391 Multiple Choice $101,900 $98,800 $107,900 $111,000
Answers
Answer:
$107,900
Explanation:
Calculation for the amount of total revenue to account for these events
Sale $111,000
Less Difference in advertising fair value $3,100 (12,200-9,100)
Total Revenue $107,900
Therefore the amount of total revenue to account for these events will be $107,900
are the core processes that make up the value
Stream Examples include purchasing, production and/or service, marketing
and sales. Drag the correct answer to the box
Operational processes
Usper-management processes
Supporting processes
Submit answer
Answers
Answer:
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
Explanation:
There are many types of processes in an organisation few of them are given in the question and the answers to them are provided.
The correct answers are given as follows
The correct answer is provided after the type of process
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
in the united states ,dollar bills, , and dimes are representative money
Answers
Answer:
In the United States, dollar bills, nickels, and dimes are Representative money It can be exchanged for a valuable good, was used in systems involved a "gold standard", and can be traded for a commodity such as silver.
I NEED THE 3 HIGHLIGHTED QUESTIONS ANSWERED ASAP!!!
Answers
1. The advice that I will give someone considering a similar move today is to ensure that they have another skill rather than depending on the company alone.
2. The company influenced their lifestyle as they were more socially inclined.
3. The risk that I see going forward is about new competition from other.
How to explain the excerpt?It should be noted that the story is about three sisters who set up their own company after realizing the harsh economic conditions they faced in their previous company.
This shows the importance of skills and believing in oneself. In this case, going forward, they will face competition from new businesses.
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A speculative bubble occurs when: A. Investors buy an asset that they believe the market is undervaluing. B. Investors are so afraid of taking risks that they buy only the safe assets. C. Investors bid up the price of an asset because they are overly optimistic that the price will continue rising. D. Investors ignore obvious risks because they are foolish. E. Buyers use credit to make purchases they cannot afford.
Answers
Answer:
c
Explanation:
Ruiz Engineering Contractors incurred employee payroll costs of $36,000 ($28,000 direct and $8,000 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor cost. Record the entries to assign payroll liabilities and to apply overhead.
Answers
The entries are to assign payroll liabilities and apply the overhead given below.
What are entries?A transaction is formally recorded in an accounting entry. Most of the time, an accounting entry is made using the double-entry bookkeeping method, which necessitates the formation of both a debit and credit entry and ultimately results in the production of a full set of financial statements.
Service Contracts in Process: 36300 (Dr)
Operating Overhead: 10500 (Dr)
Service salaries and wages: (Cr) 46800
(To record service salary and wages)
Service Contracts in Process: 10164 (dr)
Operating Overhead: 10164 (cr)
Therefore, the entry is written above.
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PLEASE ANSWER ASAP: I NEED HELP
PLEASE DO NOT JUST ANSWER FOR THE POINTS, PLEASE ACTUALLY HELP!!!!!
Answers
The true about retirement savings withheld from employee paychecks. Workers don't have to pay taxes on it until they make account withdrawals, allowing for potential tax savings and the opportunity for the savings to grow over time. Option D.
Retirement savings withheld from employee paychecks typically refers to contributions made to retirement plans such as 401(k) or Individual
Retirement Accounts (IRAs). These contributions are deducted from an employee's paycheck before taxes are applied, which means they are made with pre-tax dollars. As a result, the contributions reduce the employee's taxable income in the year they are made, potentially lowering their overall tax liability.
The tax advantage of retirement savings withholding allows individuals to defer taxes on the contributed amount and any investment gains until they withdraw funds from their retirement accounts in the future.
This deferral allows the savings to potentially grow and compound over time without being taxed annually, providing a tax-efficient way to save for retirement.
It's important to note that option A, which suggests that retirement savings are always matched by the employer, is not universally true. While many employers offer matching contributions as part of their retirement benefits package, not all employers provide a dollar-for-dollar match.
The matching policy can vary widely, ranging from a percentage match to no match at all.
Option B, suggesting that the money withheld is not needed for retirement living expenses, is a generalization and may not hold true for all individuals. Retirement savings are intended to be used for future retirement expenses, and the amount needed will vary depending on an individual's retirement goals, lifestyle, and other factors.
Option C, stating that retirement savings withheld from paychecks is another way of making employers rich, is an oversimplification and does not accurately represent the purpose and nature of retirement savings. Retirement savings are primarily designed to help individuals build financial security and support themselves during their retirement years. Option D is correct.
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a+b+c=4
aa+bb+cc=10
aaa+bbb+ccc=22
aaaa+bbbb+cccc=???
Answers
Answer:
46
Explanation:
The pattern appear to be the answer multiplied by 2 and adding 2.
i.e., answer to the next raw id answer to the previous answer times 2 plus 2
second raw = (4 x 2) + 2= 10
Third raw = (10 x 2) + 2 = 22
Forth raw = (22 x 2) + 2= 46
What is the main difference between a bank and a credit union?
a. Banks exist to make a profit; credit unions re-invest profit to benefit members.
b. Banks offer higher-yield interest rates than credit unions.
c. Unlike banks, credit unions do not have online banking.
d. More services are offered by banks than by credit unions.
Answers
The main difference between a bank and a credit union Banks exist to make a profit; credit unions re-invest profit to benefit members.
What is the primary distinction between a credit union and a bank?Although the two financial-institutions perform comparable functions, they each provide unique benefits to their members. The main distinction between a bank and a credit union is that the former is a for-profit organization, while the latter is a non-profit one.
Quizlet: What distinguishes a bank from a credit union?Banks are for-profit institutions that are paid by their investors and owned by a board of directors. Customers' money is insured by the FDIC (Federal Deposit Insurance-Corporation) in the event that a bank fails. Up to $250,000 in cash. Credit-unions are owned by their members and are not for profit.
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Nakashima Gallery had the following petty cash transactions in February of the current year.
Feb.
2 Wrote a $400 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier.
5 Purchased bond paper for the copier for $14.15 that is immediately used.
9 Paid $32.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.
12 Paid $7.95 postage to express mail a contract to a client.
14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car.
20 Purchased stationery for $67.77 that is immediately used.
23 Paid a courier $20 to deliver merchandise sold to a customer, terms FOB destination.
25 Paid $13.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.
27 Paid $54 for postage expenses.
28 The fund had $120.42 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.
28 The petty cash fund amount is increased by $100 to a total of $500.
Required:
1. Prepare the journal entry to establish the petty cash fund.
2. Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenditures in each category. (Round your answers to 2 decimal places.)
3. Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount. (Roundyour answers to 2 decimal places.)
Answers
Answer:
(‘1)
Date Account Details Debit Credit
Feb 2 Petty Cash 400
Cash 400
Petty cash fund established
(‘2) Nakashima Gallery - Petty Cash Reconciliation Report for the month of February
Custodian Name- Chole Addison
Date Expense Description Amount ($)
Feb 5 Office Supplies Bond paper for copier 14.15
Feb 9 Merchandise Inventory Shipping charges as per
FOB shipping point term 32.50
Feb 12 Postage Expense Paid towards express mail for
communication with client 7.95
Feb 14 Mileage Expense Paid to Adina Sharon for
reimbursement of mileage expense 68
Feb 20 Office Supplies Stationery purchased 67.77
Feb 23 Delivery Expense Courier charges paid as per
FOB destination term for sale of merchandise 20
Feb 25 Merchandise Inventory Shipping charges as per
FOB shipping point term 13.10
Feb 27 Postage expense Postage expenses paid 54
Total Receipts to be reimbursed (a) 277.47
Total Cash on Hand 120.42
Total Cash and Receipts 397.89
Cash Short ( 400-397.89) (b) 2.11
Total to be replenished (a+b) 279.58
Please issue a cheque in the amount of $ 279.58 payable to petty cash custodians.
Sorting of Expense
Expense Amount
Delivery Expense 20
Merchandise Inventory 45.60
Mileage Expense 68
Office Supplies 81.92
Postage 61.95
Total 277.47
(‘3)
Date Account Details Debit Credit
Feb 28 Delivery Expense 20
Merchandise Inventory 45.60
Mileage Expense 68
Office Supplies 81.92
Postage 61.95
Cash Short and Over 2.11
Cash 279.58
To record the replenish of petty cash
Feb 28 Petty Cash 100
Cash 100
To record the increase in petty cash level up to $ 500.
Which type of bond is sold at face value?
SEP
CD
Series I Savings Bond
Series EE Savings Bonds
Answers
The type of bond sold at face value are Series I savings bond and Series EE savings Bonds.
An IOU-like debt security is called a bond. Borrowers issue bonds to attract capital from investors ready to extend a loan to them for a specific period of time. When you purchase a bond, you are making a loan to the issuer, a corporation, a government, or a municipality.
Governments and businesses both issue bonds to raise money. By purchasing a bond, you are making a loan to the issuer, who agrees to repay the face value of the loan on a specific date and you pay along the way, you will receive periodic interest payments—typically twice a year.
The correct answer are both "3rd and 4th" option.
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evaluate the effects of many sources of power in the economy
Answers
The four production factors—natural resources, labor, capital equipment, and entrepreneurship—are what largely determine a country's economic power if GDP per capita growth is the primary metric.
A variety of electricity sources can have distinct consequences on an economy. These power sources can include, among others, the government, businesses, labor unions, financial institutions, and consumer advocacy organizations.
Governments have the authority to influence economic policy through laws, regulations, and fiscal and monetary policies. Taxation, government spending, interest rates, and other elements that affect the broader economy can be impacted by these policies.
Investing in infrastructure, generating jobs, and promoting economic growth are all things that entrepreneurship can do. On the national economy and local communities, their decisions about employment, pay, investment, and production may have a big impact.
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Lala Company accounts for noncurrent assets using the cost model. On October 1, 2019, Lala classified a noncurrent asset held for sale. At that date, the asset’s carrying amount was P1,600,000, its fair value was estimated at P1,100,000 and the cost to sell at P100,000. On December 15, 2019, the asset was sold for net proceeds of P925,000. What amount should be included as an impairment loss in Lala’s statement of comprehensive income for the year ended December 31 ,2019?
Answers
Answer:
you add 1,600,000 + 1,100,000=2,700,000 - 100,000=2,600,000+925,000= your finally answer is 3,525,000
Explanation:
Answer:
3,525,000
Hope this helps! Good luck! :)
briefly describe and note any errors you see in the a/p aging summary report as of march 30 2016
Answers
Your AR ageing report contains information about the credit you grant customers who make purchases from you.
What is AR ageing?Accounts receivable ageing is a recurring report that classifies a company's receivables based on how long an invoice has been unpaid. It serves as a yardstick for evaluating the stability and financial standing of a company's clientele. If an organization's receivables are being collected much more slowly than usual, this may indicate that business is slowing down or that the organisation is taking on more credit risk in its sales operations. As a management tool, accounts receivable ageing can show whether customers are developing credit concerns and whether the company should continue doing business with those who are frequently late with payments.
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A company that makes childcare products launches a series of health drinks for mothers under the same brand name. What kind of brand development is this?
A.
line extension
B.
brand extension
C.
price skimming
D.
price penetration
Answers
Answer:
brand extension
Explanation:
what is the role of marketing?
Answers
How do companies effectively go global?
Answers
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......
"The stock market may not be the best place to put your money in the short run, but it is a pretty good place to put your money in the long run." What does this statement mean?
Answers
This statement means that one must invest for a long period of time in the stock market. Stocks provide investors with the greatest potential for long-term gain (capital appreciation). Investors who are willing to own equities for a lengthy period of time, say 15 years, have generally been rewarded with significant, positive returns.
The phrase stock market refers to a number of exchanges where shares of publicly traded corporations can be bought and sold. Such financial activities are carried out through regulated exchanges and over-the-counter (OTC) marketplaces that follow a set of rules.
Stock markets are essential components of a free-market economy because they provide democratized access to investor trading and capital exchange. Stock exchanges promote effective price discovery and trading.
Therefore, stock market is good place if we make a investment for a long period of time.
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he financial statements of Denison Furniture Company include the following items: 2019 2018 Cash $53,500 $53,000 Short-term Investments 29,000 15,000 Net Accounts Receivable 92,000 105,000 Merchandise Inventory 162,000 142,000 Total Assets 532,000 551,000 Total Current Liabilities 235,000 215,000 Long-term Note Payable 62,000 60,000 What is the 2019 cash ratio? (Round your answer to two decimal places)
Answers
Answer:
The cash ratio is calculated by dividing cash and short-term investments by current liabilities.
Cash ratio for 2019 = (53,500 + 29,000) / 235,000 = 0.39
Rounding to two decimal places, the 2019 cash ratio is 0.39.
Explanation: