Act ii costumes has a quick ratio of 3.5:1, $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. What are its current liabilities?

Answers

Answer 1

Answer:

$40,000

Explanation:

Answer 2

Based on the given information, the current liabilities will be 40,000.

What are current liabilities?

Current liabilities are debts or obligations owed by a corporation to others that are due within one year or during the typical operating cycle of the business, whichever is longer.

To calculate the current liabilities, the formula used will be

Quick ratio = (cash + accounts receivable) / current liabilities

3.5 = Cash + accounts receivable/current liabilities

3.5 = $120,000 + $20,000 / current liabilities

current liabilities = $40,000

Therefore, the current liabilities in the given case are $40,000.

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Related Questions

PRIVATE ENTERPRISE IS RUN MAINLY TO?

Answers

Answer:

The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government

Explanation:

‍♀️

Which of the following statements explains the difference between a lease and a loan?
a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
C. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not

Answers

Answer:

A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the

lease company.

Explanation:

The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.

What is the difference between a lease and a loan?

A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.

Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.

Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.

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A product enters the maturity phase of the life cycle, during which sales are
strong but growth is slowing. What product management activity is most
appropriate?
A. Trying to improve the product's performance
B. Discontinuing sales of the product
C. Focusing on the other products in the mix
D. Spinning off the product line

Answers

Answer:

A. Trying to improve the product's performance

Explanation:

A product at the maturity stage is well known to customers. It has its market share, but sales seem to grow at a sluggish pace. To keep the products' market vibrant, manufacturers tend to make positive variations on the product. Some of the variations include redesigning the package, adding new flavor, or improving its performance.

Improving the product's performance is a good way to maintain sales and increase the growth rate. Existing customers will have a reason to continue buying the product. The improved features attract new customers also.

Which Finance career involves the stock market?
Financial and Investment Planning
Insurance Services
Business Financial Management
Banking and Related Services

Answers

Answer:

A or D (i think!)

Explanation:

Answer:The answer is A.) Financial and Investment Planning

Explanation:edge2020

Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $10,920. All sales are subject to a 4% sales tax.

Answers

Answer:

$420

Explanation:

Missing question "Compute sales taxes payable"

Sales excluding sales tax  = $10,920/(1+0.04)

Sales excluding sales tax  = $10,920/1.04

Sales excluding sales tax  = $10,500

Sales tax payable = Total sales including sales tax - Sales excluding sales tax

Sales tax payable = $10,920 - $10,500

Sales tax payable = $420

The address of the company's office is called what?

Answers

the register office?

Answer:

PO Office Box

Explanation:

A registered office is the official address of an incorporated company, association or any other legal entity. Generally it will form part of the public record and is required in most countries where the registered organization or legal entity is incorporated.

what is the manager​

Answers

Answer:

Karens go-to person

Explanation:Just because

a person responsible for controlling or administering all or part of a company or similar organization.

Is it true that when you plug your nose and eat, an Apple, and Onion, or ginger, they all taste the same?

Answers

Answer:

No

Explanation:

Just why- why would you ask this?

☆ , ' . : , ' . ' . ☆

Hope this helped, love!

☆ ☆ ☆

Which is likely to advance his/her career?

A. Ogden follows his boss’s instructions completely

B.Sue dresses well and is humble

C. Eddy attends as many technical trainings and seminars as possible

D. Mel is very punctual and hardly takes any leave

Answers

Answer:

C

Explanation:

Eddy attends as many technical training and seminar as possible

Answer:

The answer is C.) Eddy attends as many technical training's and seminars as possible.

Explanation:

I took the test and got it right.

An electronics company is trying to decide how many nee computers it should produce for export to china. Which factor would most likely cause the company to produce a large number of computers?

Answers

Answer: A. Chinese consumers believe that computer prices will rise in the  future.

Explanation:

If Chinese consumers believe that the price of computers will rise in future, they will demand more computers in the present so as to save on the costs of acquiring a computer in future.

This increased demand will mean that the company will have to produce more computers to satisfy the demand of their customers in China.

One of the last items in an order of business is A. new business B. officer reports C. reading the minutes D. treasurer's report

Answers

I believe it’s A! I’m not sure though, so I’m sorry if it’s incorrect. It’s just that that one makes more sense!

The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers or on a blank sheet of paper, indicate the proper order of these steps

Answers

Answer:

The answer is "Option D, F, E, B, A, and C".

Explanation:

please find the complete question in the attached file.

Please find the choice order in the attached file.

$125 paid with one week invoice 300 for a customer's docking dog

list possible reasons why many new entrepreneurs decide on the unethical choice.​

Answers

Answer:

As a business owner and leader, you’re going to have to make a lot of important decisions for your company. On everything from marketing to sales, operations to human resources, your team will look to you for guidance and ask which direction they should go in. In addition to keeping profitability in mind, you also have look at decisions from an ethical standpoint. The role of ethics in decision making affects how you approach decisions, how you decide which action to take and whether or not you need to consult someone else for their viewpoint.

Explanation:

Which of the following is an example of a B2B internet service?
A. Online planning
B. Travel support
C. Online shopping
D. Gaming platform

Answers

Answer:

gaming platform

Explanation

did it

The example of a B2B Internet service is the online shopping. Option C is correct.

What is B2B  internet service?

It is the type of electronic commerce. B2B means the Business to Business service. It involves the exchange of goods, services and the information between the business.

The online shopping is the good example of B2B internet service, because it involved the exchange of goods.

Therefore, option C is correct.

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answer the two questions in the screenshot pls:

Answers

Answer:

One high end product I want to buy in the future is a thread ripper. It is a processor which is one of the reasons why a computer will run. It is like the heart, it makes all the components work

the customer will want to know that the product is one of the most expensive out there but it is defiantly worth the money. you have to have a good enough mother board to run the thread ripper though. You also need DDR 4 ram at least which makes the computer components work faster and gets rid of lag of course

Explanation:

Design Math Quiz
QUESTION 1 of 10: To get your design manufactured, you need to pay $4,000 in setup costs and $5 per item. Which of the following
represents the cost of having 1,000 items made?
a) 5+4,000 x 1,000
b) 4,000 + 5 x 1,000
c) 4,005
d) 5x1,000

Answers

Answer:

b) 4,000 + 5 x 1,000

Explanation:

The cost of 1000 items will be the total of

1). the set up cost

2). The per item cost multiplied by 1000 units

Therefore, the cost function will

=set up cost($4000 )  + cost of 1000 items( $5 x 1000)

=$4000 + $5 x 1000

what is financial job? ​

Answers

Financial job is a job that has specific activities aimed at timely and full provision of the enterprise with financial resources to meet its reproductive needs, active investment activities and fulfill all its financial obligations to counterparties There’s 3 types of financial careers: personal finance, corporate finance, public finance p. Here are some examples of a financial job: financial planning, investment banking, money managing, insurance and real estate. Hope this helped !!

When your company issues you a phone, you are obligated to respond to work emails at any time of the day or night. Do you agree? Give justification for your answer.

Answers

Actually that is not true I’m obligated to respond to your emails when during work hours not my personal time and the phone will only be set for work hours !

Actually, that is untrue; I must reply to your emails during business hours and not on my own time, and my phone will only be on during business hours.

What do you know about Email?

In order to send and receive messages, one can use electronic mail, also known as email or e-mail. The term "e-mail" was first used in the late 20th century to describe the digital equivalent of or counterpart to mail.

An email address is frequently seen as a fundamental and essential component of many activities in business, commerce, government, education, entertainment, and other aspects of daily life in current use. Email is a pervasive and extremely commonly used communication channel.

Email can be sent and received on both local area networks and computer networks, namely the Internet. Store-and-forward is the foundation of modern email systems.

Email servers handle message acceptance, delivery, forwarding, and archiving. Users must connect, usually to a network, although neither the users' machines nor them must be online at the same time.

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What is meeting the deductible?

Answers

Answer:

The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself. ... Many plans pay for certain services, like a checkup or disease management programs, before you've met your deductible.

give me a free trial

Answers

Answer:

Of what

Explanation:

???????????????

Which job in the Finance career would typically have one of the highest levels of schooling?
Credit Checkers
Insurance Claims Clerk
Brokerage Clerk
Business Financial Manager

Answers

Answer:

A Business Financial ManageR

HOPE THIS HELPS! :D

A job in the Finance career would typically have one of the highest levels of schooling is Business Financial Manager. Thus, option 4th is correct.

What is a Business financial manager?

Financial managers usually control an organization's financial health and assist maintain its long-term survival. They oversee critical operations such as cash flow monitoring, evaluating profitability, controlling spending, and generating correct financial information.

A Financial Manager is an important decision-maker in a company. They analyze data and advise senior management on profit-maximizing ideas, which may assist optimize corporate earnings over time by making wise judgments about investments or spending cash to maximize return on investment.

Business Financial Manager is a position in finance that normally requires one of the highest degrees of education. As a result, option 4 is correct.

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i need friend on brainly asaPPPPPPPPPPPPPPPPPPPPPPPPPP
plessssssssssssss i neeedd 10000000000kkkkkk

Answers

Answer: can i be your  friends

Explanation:

Enter your gross pay, taxes, and deductions below. Press calculate when you’re ready.

Answers

Answer:

what are we supposed to be answering

What is the purpose of the Equal Employment Opportunity Commission (EEOC)?
A. To interpret and enforce federal laws prohibiting embezzlement
B. To interpret and enforce federal laws prohibiting gambling
C. To interpret and enforce federal laws prohibiting taxes
D. To interpret and enforce federal laws prohibiting discrimination

Answers

Answer:

D. To interpret and enforce federal laws prohibiting discrimination

Explanation:

can anyone help with this 2 part question pls??

Answers

d, a person who had never had a credit card .

Which area of intellectual property law did this case address?

copyright
trademark
trade secrets
right of publicity

Answers

Answer:

A is correct :)

Explanation:

Answer:A is correct i took the assingment trust me!

Explanation:

Which of the following is a benefit of using plain
text files?
They include bold, italic, and other text
formatting
They are easier for people to read.
They can be read by many software
programs.
They can display video content.

Answers

they can be read by many software

They can be read by many software programs.

The principal benefit of undeniable text codecs is their simplicity: we do now not require complex software to create a textual content record; we no longer need esoteric capabilities past being able to kind on a keyboard; it is easy for people to view and adjust the facts. sincerely all software program packages can examine and write text files.

What is apparent textual content?

In computing, simple text is a loose time period for information (e.g. file contents) that constitutes the most effective characters of readable fabric but not its graphical representation or different items.

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drag the tiles to the correct boxes to complete the pairs. match each term to the situation that best describes it

Answers

Answer: Theirs nothing their too answer. What do you need help on?

Explanation:

Based on the information given, which site does not appear credible? A. The information given on the site is in line with information you learned in your health class. B. The research given is cited by a reliable organization. C. The site focuses on testimonials from people who recommend the product. D. The information given is based on facts and does not seem biased.

Answers

Answer:

C. The site focuses on testimonials from people who recommend the product.

Answer:

The correct answers is (C)

Explanation:

With online bill pay, what is the difference between a one-time payment and a recurring payment?

Answers

Answer:

when you do a one time payment you only pay once. When you set up a reaccuring payment you will pay mulitpul times.

Explanation:

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