Use the following to calculate the acid-test ratio. (Round your answer to two decimal places.) Cash $130,000Short-term investments 15,000Net current receivables 280,000Inventory 280,000Total current liabilities 790,000 A) 0.73B) 8.67C) 0.89D) 0.54
Calculate the interest on a 90-day, 9% note for $50,000. (Us…
Calculate the interest on a 90-day, 9% note for $50,000. (Use a 360-day year to compute interest. Round your answer to the nearest dollar.) A) $2,250B) $1,125C) $4,500D) $375
At the beginning of 2019, C. Delorenzo Statewide Delivery, I…
At the beginning of 2019, C. Delorenzo Statewide Delivery, Inc. has the following account balances: Accounts Receivable $42,000 (debit balance)Allowance for Bad Debts $9,000 (credit balance)Bad Debts Expense $0 During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $790,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. The ending balance of Accounts Receivable is ________. (Hint: set up a T account for Account Receivable with the beginning balance, record the credit sales and collections and write-off. Then see the result) A) $42,000B) $34,000C) $57,120D) $18,000
Use the following to calculate the acid-test ratio. (Round y…
Use the following to calculate the acid-test ratio. (Round your answer to two decimal places.) Cash $130,000Short-term investments 15,000Net current receivables 280,000Inventory 280,000Total current liabilities 790,000 A) 0.73B) 8.67C) 0.89D) 0.54
Berro Musical Instruments, merchandisers of musical instrume…
Berro Musical Instruments, merchandisers of musical instruments, has provided the following details: Mar. 5 Inventory purchased on account $800,000Mar. 8 Freight in 30,000Mar. 13 Purchase returns 60,000Mar. 14 Allowances by vendor 10,000Mar. 20 Payment made to vendor for the purchases of March 5 ? Credit terms are: 4/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month. Assume that the perpetual inventory system is used. (Hint: no discount can be taken on the freight, returns or the allowance)A) $790,000B) $729,600C) $730,000D) $730,800
The benefits of self-disclosure include (select all that app…
The benefits of self-disclosure include (select all that apply):
Define culture. Next, reflect on how cultural influences sha…
Define culture. Next, reflect on how cultural influences shape your behavior. Provide two specific examples from your personal experiences, such as in communication, decision-making, or social interactions.
The benefits of self-disclosure include (select all that app…
The benefits of self-disclosure include (select all that apply):
In general, researchers believe that women are socialized to…
In general, researchers believe that women are socialized to practice expressive talk, which means they are taught to view communication as the primary way to establish closeness and intimacy in relationships. In contrast, men are taught to practice instrumental talk, or to see communication as a means to solve problems and accomplish tasks.
The concept of self-fulfilling prophecy relates best to whic…
The concept of self-fulfilling prophecy relates best to which of these perceptual tendencies?