Thompson Laser Company had cash of $160,000 . accounts receivable of $136,000 . and current liabilities of $104,000 . Compute the acid test ratio
2.85:1
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ACME Partnership has had the following gross receipts since its formation: $21.8 million in 2019, $24.6 million in 2020, $28.8 million in 2021, $23 million in 2022, and $32 million in 2023. ACME is not a tax shelter. Partner Meile, Inc. is a C corporation. In which tax years (2019 to 2023) must ACME use the accrual method?
A. 2019 and all following years, because it has a partner that is a C corporation. B. 2021 to 2023, because gross receipts are more than $25 million in 2021. C. 2022 and 2023, because average annual gross receipts are more than $25 million in 2021. D. 2021 and 2023 because those are the only years in which gross receipts exceeded $25 million. E. ACME can always use the cash method because it is not a tax shelter.?
Baby boomers ________
A) were born between 1965 and 1978 B) are currently in their 30s and 40s C) are important to marketers because of the size and wealth of the segment D) are 75 or older E) are the parents of Generation X, not Generation Y
Imbesi Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:Activity Data:Processing OrdersResolving QueriesProcessing Credit ReviewsMinutes per unit of the activity142244?Cost Object Data:Customer PCustomer QCustomer RNumber of orders processed31209Number of queries resolved15118Number of credit reviews processed100?The cost per minute of the resource supplied is $0.36?On the Customer Cost Analysis report in time-driven activity-based costing, the total cost assigned to Customer P would be closest to:
A. $118.80 B. $290.88 C. $15.84 D. $156.24
Multicollinearity occurs when one or more independent variables is highly correlated with the dependent variable
Indicate whether the statement is true or false