Describe how the current ratio is calculated. If a company has a very low current ratio, what might this mean? If a company has a very high current ratio, what might this mean?
The current ratio is the ratio of current assets to current liabilities (current assets/current liabilities). A very low current ratio can be unfavorable, indicating that a company may not be able to pay its debts on time. A very high current ratio may indicate that a company is not using its assets to the best advantage. In other words, it could probably use its excess funds more effectively to increase its overall profit.
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A company allocates $7.50 overhead to products based on the number of direct labor hours worked. The company uses a plantwide overhead rate with direct labor hours as the allocation base. Given the amounts below, how many direct labor hours does the company expect in department 2?Estimated:Department 1Department 2Manufacturing overhead costs$74,358 $49,572 Direct labor hours 6,610DLH ?DLHMachine hours 700MH 800MH
A. 3,109 DLH B. 9,914 DLH C. 16,254 DLH D. 6,612 DLH E. 7,454 DLH
The possessive form of it is ________________
a. it's b. its' c. its's d. its
The payoffs for a mixed strategy game assumes that the game is played exactly one time
Indicate whether this statement is true or false.
The total number of respondents in each sample varies, percentages help to standardise them against a fixed number.
a) True b) False