1.As an optician, on average, you sell eyeglasses for $80/pair. For every pair that you sell, the lenses, eyeglass frame, and the eyeglass case cost you altogether on average, $55. Your total fixed expenses are $500/month. For every pair of eyeglasses you sell, the contribution margin is: (calculate the contribution margin). Be sure to put a $ in the front of your answer. 2.From the information below: BALANCE SHEET for HSA Corporation as of Dec 20th, 2010 Assets Current Assets: Cash Inventory Account Receivables (net) Total Current Assets: Long Term Assets Property & Equipment $ 40,000 $ 50,000 $ 25,000 $ 115,000 Liabilities: Current abilities: Accounts Payable Payroll $15,000 $ 35,000 Total Current Liabilities $50,000 Long Term Liabilities: Long term debt $125,000 $175,000 $325,000 Total Assets $440,000 Total Liabilities calculate the quick ratio for the HSA corporation --
1.As an optician, on average, you sell eyeglasses for $80/pair. For every pair that you sell, the lenses, eyeglass frame, and the eyeglass case cost you altogether on average, $55. Your total fixed expenses are $500/month. For every pair of eyeglasses you sell, the contribution margin is: (calculate the contribution margin). Be sure to put a $ in the front of your answer. 2.From the information below: BALANCE SHEET for HSA Corporation as of Dec 20th, 2010 Assets Current Assets: Cash Inventory Account Receivables (net) Total Current Assets: Long Term Assets Property & Equipment $ 40,000 $ 50,000 $ 25,000 $ 115,000 Liabilities: Current abilities: Accounts Payable Payroll $15,000 $ 35,000 Total Current Liabilities $50,000 Long Term Liabilities: Long term debt $125,000 $175,000 $325,000 Total Assets $440,000 Total Liabilities calculate the quick ratio for the HSA corporation --
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1.As an optician, on average, you sell eyeglasses for $80/pair. For every pair that you sell, the lenses, eyeglass frame, and the eyeglass case
cost you altogether on average, $55. Your total fixed expenses are $500/month.
For every pair of eyeglasses you sell, the contribution margin is:
(calculate the contribution margin). Be sure to put a $ in
the front of your answer.
2. From the information below:
BALANCE SHEET for HSA Corporation as of Dec 20th, 2010
Assets:
Liabilities:
Current Assets:
Current Liabilities:
Cash
Accounts Payable
Payroll
Total Current Liabilities $ 50,000
Inventory
Account Receivables (net)
Total Current Assets:
Long Term Assets:
Property & Equipment
$ 40,000
$ 50,000
$ 25,000
$ 115,000
Long Term Uabilities:
Long term debt
$ 15,000
$ 35,000
$325,000
Total Assets
$440,000
Total Liabilities
calculate the quick ratio for the HSA corporation
$125,000
$175,000
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