Based on the following data, what is the acid-test ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000
A) 3.4
B) 3.0
C) 2.2
D) 1.8
A
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An equation that summarizes the total cost to the economy when output differs from potential and inflation rate differs from the ideal inflation rate is referred to as the
A. cost of disinflation. B. Fed's objective function. C. Sharpe ratio. D. Phillips curve.
What are the strengths and weaknesses of e-mail marketing?
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In May, one of the processing departments at Messerli Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $35,000. During the month, $148,000 of costs were added to production and the cost of units transferred out from the department was $127,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for May, the total cost to be accounted for would be:
A. $310,000 B. $324,000 C. $162,000 D. $49,000
Glen, the owner of Harvest Farm, and Ima, the tenant of the farmhouse on the property, may create a fixed-term tenancy by
A. deed. B. express contract. C. implication. D. sufferance.