Teri's Photography has total assets of $50,800, fixed assets of $47,400, long-term debt of $36,300, and total debt of $42,900. What is the current ratio
Answers
The current ratio given the current assets and the current liabilitites for Teri's Photography is 0.52.
What is the current ratio?Current ratio is a liquidity ratio. Liquidity ratios measure a firm's ability to meet its short terms obligations.
Current ratio = current asset /current liability
Current ratio = (total assets - fixed assets) / (total liabilities - long term debt)
= (50,800 - 47400) / (42900 - 36300) =
3400 / 6600 = 0.52
In order to determine the current ratio, divide the current assets by the current liabilities.
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Related Questions
Imagine you are the dining room manager of a restaurant. You are responsible for
creating a set of sanitation rules to be followed by the staff.
The sanitation rules should cover the following aspects:
Service sanitation rules
Personal hygiene and attire rules
Side work rules
Answers
true or false: in a business model, the fit between the business model and choice of activities should enable optimization of effort. true false
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Optimal business models start virtuous loops that eventually lead to competitive advantage. Smart businesses understand how to boost their own virtuous cycles, undermine those of competitors, and even exploit their virtuous cycles to make their rivals' advantages disadvantages.
As there are many kinds of businesses, there are different kinds of business models. Traditional business methods include, for instance, direct sales, franchising, advertising-based businesses, and brick-and-mortar stores. This is arguably the most prevalent business model out there. In essence, you have products—either your own creations or those of manufacturers—and you offer them to customers. This can be carried out through an online business or a physical location.
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the final step in the decision making process is to: make the decision. review the results of the decision. identify the decision problem. evaluate costs and benefits of alternatives.
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The final step in the decision-making process is to make the decision. The decision-making process is a process that involves the selection of a course of action from various alternatives.
The process of decision-making comprises several stages, such as identifying the decision problem, generating alternatives, evaluating the alternatives, making the decision, implementing the decision, and reviewing the results. The last stage in the process of decision-making is to make the decision. In this stage, the decision maker selects the most appropriate alternative from the options generated during the evaluation stage.
The decision-making process is a process that involves the selection of a course of action from various alternatives. The process of decision-making comprises several stages, such as identifying the decision problem, generating alternatives, evaluating the alternatives, making the decision, implementing the decision, and reviewing the results. The last stage in the process of decision-making is to make the decision. The decision-making process is vital to organizations as it determines their success or failure in achieving their goals. Making decisions in an organization involves a group of people who work together to achieve a common objective. These people must work together and collaborate effectively to achieve a successful outcome. The decision-making process is not easy, and it involves analyzing information, generating alternatives, evaluating them, and selecting the best option that achieves the organization's objectives. The decision-making process must be thorough and systematic, and the decision-maker must consider all factors before making the final decision. The decision maker must evaluate the costs and benefits of each alternative before making the final decision. After making the decision, the organization must implement it and evaluate the results to ensure that it has achieved the desired outcome.
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Sandra owns a small manufacturing business. At the end of a given accounting period, she hired the services of a tax accountant. How will the
tax accountant help Sandra's business?
A by increasing the business's tax refunds
B by helping decrease the business's Income tax liability
C by helping devise new tax policies for the business
D by helping the business avold all types of taxes
Answers
what are the two main goals in microeconomics? (see lecture 1.)
Answers
The two primary objectives in the study of microeconomics are efficiency and equity. Both these objectives directly affect the theory.
Efficiency is the process of making the most of limited resources to produce as many goods and services as possible. To optimise society's general well-being, efficiency entails generating as much as feasible with the limited resources at hand. Contrarily, equity refers to justice or fairness in the allocation of resources and products among people. It is concerned with how the costs and rewards of economic activity are allocated among various societal groups.
Because it guarantees that the rewards of economic activity are distributed fairly and that everyone has access to the needs of life, equity is a crucial goal. Efficiency and equity can be difficult to achieve, and trade-offs between these objectives are frequently necessary. For example, by providing incentives against employment and investment, equity-promoting policies like income redistribution plans may lower efficiency.
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What is the FIRE movement?
Answers
Answer:
The FIRE movement is a lifestyle movement with the goal of gaining financial independence and retiring early.
investing activities involve the acquiring and disposing of liabilities that a company needs in order to finance its operating activities. True or False
Answers
This declaration is false. Financing things to do are described as the obtaining and disposing of sources for the motive of selling merchandise and services.
A company's investing activities include buying and promoting constant assets or the economic resources that make a contribution to generating revenues and profits.
What does investing things to do include?Investing activities consist of purchases of physical assets, investments in securities, or the sale of securities or assets. Negative money glide is frequently indicative of a company's poor performance.
Which is an investing pastime of a business?Investing activities consist of purchases of long-term assets (such as property, plant, and equipment), acquisitions of different businesses, and investments in marketable securities (stocks and bonds).
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https://brainly.com/question/30516637#SPJ4Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as follows: Actual production 25,000 packs of Product P Actual cost of raw material Q 95,500 units at $0.85 Actual cost of labor 500 hours at $6.25 Standard quantity of raw material 96,000 units for 25,000 units of Product P Standard price of raw material Q $0.77 Calculate the total material variance for Product P for the first week in January
Answers
Answer:\(67500\)
The right solution is "13,675 U".
Explanation:
According to the question,
The standard material cost will be:
= \(25000\times (\frac{90000}{30000} )\times 0.90\)
= \(25000\times 30000\times 0.90\)
= \(67,500\)
The actual material cost will be:
= \(95500\times 0.85\)
= \(81,175\)
hence,
The total material price variance will be:
= \(Actual \ cost - Standard \ cost\)
= \(81175-67500\)
= $\(13,675\) (Unfavorable)
go answer my last question please.... and if u answer this q just for points i will report u
Answers
Answer:
Explanation:
already did it
Similarity between modern distillery and wine shop
Answers
Answer:
Explanation:
The process of brewing wine in traditional wine shops and modern distilleries differ in certain aspects and at the same time are similar in certain aspects. While the overall process would be similar, if looked into the more intricate details it will be different. Speaking about the similarities, in both of the processes, wine is supposed to undergo fermentation. Next comes the ingredients.
what is marketing management?why is it important?
Answers
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
which of the following is also known as “the grapevine”
a. upward communication
b. downward communication
c. formal communication
d. informal communication
Answers
Answer:
Explanation:
Among the following options, Option (D) Informal communication is correct. Reason is stated below
Informal communication is also known as grapevine communication. The grapevine communication moves upward, downward, and diagonally in all directions.
Informal communication is unrecognized as it exists between group of people or between two individuals. as there is no direction of the communication it is also reffered as grapevine communication.
This form of communication exists because of the co-existence of people which can benefit the organization.
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Sheridan Company took a physical inventory on December 31 and determined that goods costing $225,000 were on hand. Not included in the physical count were $24,200 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,200 of goods sold to Alvarez Company for $29,200, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end.
Answers
Answer:
$270,400
Explanation:
FOB shipping point: (transfer of risk and reward takes place when the goods are shipped for transfer.
The purchased inventory that was not included are under FOB shipping point, which means that the risks and rewards associated with the inventory has been transferred at the year end. Hence the ownership has been shifted. This means the purchase must be included in the inventory.
FOB destination: The transfer of ownership takes place once the other party receives the order.
As the sold inventory are under FOB destination, which means that the risks and rewards assoiciated with the inventory are not yet transferred. Hence the ownership has not been shifted. This means the sold inventory must be included in the inventory.
Calculation:
Goods on Hand $225,000
Goods Purchased FOB Shipping Point $24,200
Goods Sold on FOB Destination $21,200
Goods on Hand on December 31 $270,400
The principle of opportunity cost evolves from the concept of
A:
a. consumer spending. b. wealth. c. poverty. d. scarcity.
Answers
The principle of opportunity cost evolves from the concept of scarcity. Scarcity refers to the limited availability of resources in relation to unlimited wants and needs.
It is the fundamental economic problem that individuals, businesses, and societies face. Because resources are scarce, choices must be made about how to allocate them among various competing alternatives.
The principle of opportunity cost arises from the need to make choices in the face of scarcity. It states that for every decision made, there is an associated opportunity cost - the value of the next best alternative foregone.
In other words, when you choose one option, you are giving up the benefits or opportunities that could have been gained from choosing an alternative.
Opportunity cost is a crucial concept in economics as it helps individuals and businesses assess and compare the potential benefits and drawbacks of different choices.
It plays a central role in decision-making, resource allocation, and the evaluation of trade-offs.
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The concept of opportunity cost comes from the principle of scarcity. It refers to the trade-off associated with choosing one option over another because resources are limited.
Explanation:The principle of opportunity cost stems from the concept of scarcity. Opportunity cost is an economic principle that reflects the potential trade-off associated with making one decision over another. In simple terms, it's the idea that in choosing one option, you are implicitly giving up the benefits that the other options would have brought. The principle of scarcity comes into play because resources are limited.
Due to scarcity, choosing to consume one good or service often implies giving up the chance to consume something else.
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List 3 responsibilities that a consumer has when making a purchase.
Answers
Answer:
check receipt, know the return policy, read the fine print
Explanation:
Welcome
What practice did the Wheeler-Lea Act of 1938 prohibit? A. Substance abuse B. Advertising of cigarettes and tobacco products C. Unfair and deceptive acts or unlawful practices D. Having celebrities endorse products
Answers
Answer:
Unfair and deceptive acts or unlawful Practices
Explanation:
The Wheeler - Lea Act is a law passes in the United States that empowers the Federal Trade commission to enforce the to prohibition of Unfair and deceptive acts or unlawful practices to consumers and competitors.
It addresses the minimum wage that companies pay employees , the use of unfair method of debt collection , false advertising and informing consumers about the interest and finance charges on loans.
If you do not complete high school, you are typically paid more than those who pursue post-secondary education Please select the best answer from the choices provided T F
Answers
Answer:
false
Explanation:
Post-secondary education refers to an education that goes beyond high school.
Answer:
false
Explanation:
Question 1 of 20
Which word or phrase best completes the diagram?
Features of ?
Low barriers to entry
Many competing firms
Businesses selling the same product
O A. Monopolies
B. Monopolistic Competition
OC. Pure Competition
OD. Oligopolies
Answers
In pure competition, the market is characterized by low barriers to entry, many competing firms, and businesses selling the same product. This leads to a highly competitive market where prices are determined by the market forces of supply and demand. Each firm is a price taker, meaning they have no control over prices, and they are forced to accept the market-determined price. The low barriers to entry and presence of many competing firms lead to a highly fragmented market structure with no dominant firm or group of firms. This results in a highly competitive market where businesses are constantly innovating to stay ahead of the competition, and prices tend to be lower than in other market formats.
Option A refers to monopolies, where there is a single seller in the market with the power to set prices. Option B refers to monopolistic competition, where there are many competing firms, but they still have some power to set prices. Option D refers to oligopolies, where there are a small number of firms that together control a significant portion of the market and have the power to set prices. None of these options accurately reflects the features of pure competition described in the diagram.
Answer:
a is correct
Explanation:
What is the main advantage of the allowance method of handling
uncollectable accounts over the direct method?
A. The allowance method requires fewer journal entries.
B. The allowance method uses estimates instead of actual
expenses.
C. The direct method allows customers to default on their accounts.
D. The allowance method expenses losses in the same period
revenue is recorded.
Answers
Answer:
hope this helps
Explanation:
d The allowance method expenses losses in the same period
revenue is recorded.
Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to work on a
presentation for a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Joanne. By
delegating the status report to Joanne, she has
for its completion.
Answers
Available Option Are:
Juanita must have authority over the resources and personnel needed to complete the status report You should help Juanita with the status report, to the extent you have timeJuanita will have full responsibility for the assignment Juanita will be held accountable for the results of the assignment.Answer:
Correct Options are 1, 3 and 4.
Explanation:
She also has authority to access the legitimate resources to complete the status report in due time. Hence Option 1 is correct.
However, after delegating the assignment to Joanne. I am not responsible to help her complete the task. I may have responsibility of reviewing the status report but I am not responsible for helping her to complete the status report whenever I am free. Hence Option 2 is incorrect.
The reason is that after delegating the task to Juanita with authority and responsibility to complete the assigned task, she is now responsible to complete the status report as the task is assigned to her. Hence option 3 is correct
If Juanita's status report was not difference making or in simple words the purpose of the status report was not fulfilled then she will accountable for the outcome. Hence Option 4 is correct.
Which of the following is a normative statement? Select one: a. The elimination of trade restrictions would increase an economy's standard of living. b. Gasoline prices ought to be lower than they are now. c. In response to the most recent recession, the federal government extended the duration of unemployment benefits. d. A decrease in the minimum wage would decrease unemployment. 16) Which of the following statements is true? Select one: a. Economists use one standard set of assumptions to answer all economic questions. b. Historical episodes are not valuable to economists. c. While the scientific method is applicable to studying natural sciences, it is not applicable to studying a nation' s cconomy. d. The scientific method can be applied to the study of economics.
Answers
Gasoline prices ought to be lower than they are now is a Normative statement. So, the correct option is B. The actual statement is d. The scientific method can be applied to the study of economics.
A normative statement expresses a value judgment or opinion about what should or should be. It involves subjective opinions and cannot be tested or proven true or false based solely on economic analysis. In this case, statement b. "Gasoline prices ought to be lower than they are now" is a normative statement. It reflects a subjective opinion about the ideal or desired level of gasoline prices. It is not a statement that can be objectively proven or disproven using economic analysis alone. The word implies a value judgment that lower gasoline prices would be preferable. However, different individuals or groups may have different opinions on the "correct" or "ideal" level of gasoline prices based on their perspectives and interests. Economics is a social science that seeks to understand how individuals, businesses, and societies choose and allocate resources. The scientific method, which involves systematic observation, formulation of hypotheses, data collection, analysis, and conclusion, applies to the study of economics. Economists use the scientific method to study economic phenomena, test theories, and make predictions about economic behavior. They gather data, develop models and ideas, and test them using empirical evidence. Through this process, economists seek explanations and insights into various economic phenomena, such as market behavior, consumer choices, production processes, and policy outcomes. While the economic analysis may involve complexities and uncertainties due to economic systems' dynamic and interdependent nature, the scientific method provides a framework for systematic and rigorous economic inquiry. It allows economists to generate knowledge, refine theories, and contribute to understanding economic behavior and its implications.
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How much is it to start a buissness?
Answers
Answer:the average cot to start a business is 30,000
Explanation:
according to the uniform commercial code (ucc), real estate cannot be moved, so it is therefore not considered to be a(n): blank .
Answers
Standards for processing checks and other kinds of commercial paper are mandated by the UCC code. It frequently refers to real estate that is secured by a bank, with the title being retained until the borrower settles the remaining balance of the financing.
What is uniform commercial code (ucc)?All business transactions in the United States are governed by the Uniform Commercial Code (UCC), a comprehensive body of legislation. It is a uniformly enacted state law rather than a federal one. For interstate business transactions, uniformity of law is crucial in this area.A collection of commercial regulations known as the Uniform Commercial Code (UCC) governs financial agreements and business dealings between states. The nine distinct articles that make up the UCC code each address a different area of banking and lending.The earlier uniform commercial statutes, such as those governing sales receipts and negotiable instruments, that were established by numerous state legislatures beginning in 1896 served as the foundation for the UCCTo learn more about uniform commercial code (ucc) refer to:
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Exercise 15−3 A (Algo) Using a flexible budget to accommodate market uncertainty LO 15−2 According to its original plan. Fanning Consulting Services Company plans to charge its customers for service at $127 per hour. The company president expects consulting services provided to customers to reach 51,000 hours at that rate. The marketing manager. however, argues that actual results may range from 46,000 hours to 56,000 hours because of market uncertainty. Fanning's standard variable cost is $39 per hour, and its standard fixed cost is $1,340,000. Required Develop flexible budgets based on the assumptions of service levels at 46,000 hours, 51,000 hours, and 56,000 hours,
Answers
To develop flexible budgets based on different service levels, we need to consider the variable and fixed costs at each level. Given the following information:
Planned service hours: 51,000
Standard variable cost per hour: $39
Standard fixed cost: $1,340,000
We can calculate the flexible budgets for three scenarios:
Service level at 46,000 hours:
Variable Costs: 46,000 hours x $39 per hour = $1,794,000
Fixed Costs: $1,340,000
Total Budget: Variable Costs + Fixed Costs = $1,794,000 + $1,340,000 = $3,134,000
Service level at 51,000 hours:
Variable Costs: 51,000 hours x $39 per hour = $1,989,000
Fixed Costs: $1,340,000
Total Budget: Variable Costs + Fixed Costs = $1,989,000 + $1,340,000 = $3,329,000
Service level at 56,000 hours:
Variable Costs: 56,000 hours x $39 per hour = $2,184,000
Fixed Costs: $1,340,000
Total Budget: Variable Costs + Fixed Costs = $2,184,000 + $1,340,000 = $3,524,000
Therefore, the flexible budgets based on the assumptions of service levels are as follows:
46,000 hours: $3,134,000
51,000 hours: $3,329,000
56,000 hours: $3,524,000
These budgets allow Fanning Consulting Services Company to accommodate market uncertainty and adjust its financial plans accordingly based on different service levels.
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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Find the total cost of a 36 month car lease, if: monthly payment = $175 down payment = $1,500 residual value = $10,000 A. $11,675 B. $16,300 C. $17,800
Answers
The ceo of c & j construction is considering moving to a virtual network structure. What would be the best reason to make such a move?.
Answers
The best reason for the CEO of C & J Construction to consider moving to a virtual network structure is to increase flexibility and scalability. By implementing a virtual network structure, the company can easily expand or contract its network resources based on its needs.
This allows for efficient allocation of resources and cost savings. Additionally, a virtual network structure enables employees to access company resources and collaborate from anywhere, promoting remote work capabilities and improving overall productivity.Learn more about virtual network structure-
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Why is creating an entrepreneurial team a good idea?
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choose ONE of the following home-based activities in which family members can work together as a unit and explain TWO ways in which the involvement of the children in the chosen activity can prepare them for the world of work.
Answers
While parents, family, and community members may assume specific roles as they become involved in the education of children, for example as volunteers in the classroom (see Epstein and Connors' typology, 1993), a synthesis of the literature reveals three overarching roles that are created in the development and implementation of parent and community involvement programs (Lyons, Robbins and Smith, l983; Lynn, l994). Each of these roles is actualized in very different ways in relationships in classrooms, schools, and school districts:
Parents as the primary resource in the education of their children is best exemplified in home learning. Home learning is the activity, or set of activities, that parents and family members may engage in to help their children succeed academically. This partnership role between parents and/or family members and schools may have the greatest impact on achievement.
Parents and community members as supporters and advocates for the education of their children is facilitated through site-based school restructuring. Restructuring schools to create parent and community partnerships with schools focuses on organizational structure. Changing activities; creating new relationships between parents, families, communities, and schools; and implementing innovative strategies are ways that schools can restructure to facilitate parent and community involvement in this role.
Parents and community members as participants in the education of all children incorporates a broader vision in the partnership between schools and the populations they serve. Districtwide programs provide the vehicle for parents and community members to be involved in roles that reach beyond the immediate impact of an individual child to the impact on all children in the district.
Which of the following points represents efficiency?
A. D
C. X
B. A
D. All points represent efficiency.
Answers
Answer: D
Explanation: