XYZ Company Balance Sheet Assets Cash $15,000 Inventory $61,000 Property $114,000 Liabilities Notes $35,000 Wages $56,000 Equity Stock $50,000 Investment $39,000 Using the balance sheet provided, what is the decimal value for the quick ratio? quick ratio = [?] Round to the nearest tenth

Q: alternate answer?

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A: Lets understand the basics. When applied overhead is more than actual overhead then it is known as…

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A: Answer: An American depositary receipt (ADR) is a negotiable asset that denotes a non-US company…

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A: Molding FabricationMachine Hours $      2,500.00 $      1,500.00Fixed Manufacturing Overhead cost  $…

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A: Free Cash Flow Free Cash flow which can be determined by using the amount of net operating cash flow…

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A: Equivalent unit of production is multiplied by cost per equivalent unit to compute the assignment of…

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A: IFRS:It stands for International Financial Reporting Standards, a set of accounting standards…

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A: Statement of Comprehensive Income: Comprehensive income is a measure of the changes in owners'…

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A: The answer is provided as follows:

Q: 7. The ultimate control of the corporation rests with the board of directors.

A: Introduction:- Board of directors:- Board of directors play vital role in every organization for…

Q: B. Working trial ba C. Control accoun

A: The correct answer is  a. Lead schedule

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A: Definition:   Proxy statement: Proxy statement is a statement required for seeking shareholders’…

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A: The formula used is that of Future value. Future value is based on time value of money concept.…

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A: The communication is an important role of accounting so as to communicate the final reports of the…

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A: Accounting refers to the process through which the financial transactions related to a business are…

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A: International chamber of commerce is the supervisor of international trading, and try to provide…

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A: Which one of the following is a feature of relevant information?  Answer :- D. Neutrality

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A: Information is combination of facts that is provided to various stakeholders for their use.…

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A: Here, Required Amount (FV) is P2,500,000 Time Period (n) is 40 years Interest Rate (r) is 9%…

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A: Here, Annual deposits = $1,400 Annual interest rate = 5% Total years to annual deposits = 10 years…

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A: Solution -----------------is not a type of Management Report in QBO? The correct answer is financial…

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A: In finance withholding at source pertains to the domain of taxation. This is found in many countries…

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A: SOLUTION:- Risk management is the main stimulus for forward contracts. Forward contract is a…

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A: Accounts receivable is amount that is yet to be recovered from the customers to whom goods or…

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A: Introduction: The financial statement is a detailed analysis of the financial situation of the…

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A: Double entry: Double-entry refers to the double effect of each financial transaction that occurs.…

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A: Enterprise resource planning (ERP) system: It is the combined management of different activities…