Answer:
$3.74 per pound
Explanation:
the total mix will weigh 4 + 3 + 5 = 12 pounds (assuming there is no loss in the mixing process)
total cost of ingredients:
raisins = 4 x $4.56 = $18.24
peanuts = 3 x $4.43 = $13.29
chocolate chips = 5 x $2.68 = $13.40
total materials cost = $44.93
materials cost per pound = $44.93 / 12 pounds = $3.7442 = $3.74
The private sector organization that is currently responsible for setting accounting standards in the United States is the
Answer:
Financial Accounting Standards Board.
Explanation:
The private sector organization that is currently responsible for setting accounting standards in the United States is the Financial Accounting Standards Board (FASB).
FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).
The aims and objectives of FASB, is to establish and improve Generally Accepted Accounting Principles (GAAP) in the United States of America.
Bennett Co. has a potential new project that is expected to generate annual revenues of $262,100, with variable costs of $144,000, and fixed costs of $61,300. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $24,500. The annual depreciation is $25,200 and the tax rate is 34 percent. What is the annual operating cash flow?
Answer:
Operating cash flow= $29,886
Explanation:
Giving the following information:
Sales= $262,100
Total variable cost= $144,000
Total fixed costs= $61,300.
Annual interest expense of $24,500. The annual depreciation is $25,200 and the tax rate is 34 percent.
We need to determine the operating cash flow:
Sales= 262,100
Total variable cost= (144,000)
Contribution margin= 118,100
Total fixed costs= (61,300)
Depreciation= (25,200)
Interest= (24,500)
EBIT= 7,100
Tax= (7,100*0.34)= (2,414)
Depreciation= 25,200
Operating cash flow= 29,886
Tell me about a time when you decided to sacrifice short-term gain for long term-success for your company?
Answer:
a good example of this is when we declined an equity investment offer.
Explanation:
In the short-term one may see an investment offer as a never to be missed opportunity. However, certain investments lead to loss of control, this was true in our own case. Thankfully, we avoided the short-term gain in other to realize a long-term gain.
A time I had to sacrifice a short term for a long term is when I had to buy a house I thought it was going to be a quick process but no it takes forever
Please reward me brainlist please
ABC Corp. has just paid a quarterly dividend of $0.35. ABC's dividends will grow by 5% for the next 4 quarters, and then grow by 0.4% thereafter. ABC has a quarterly required return of 4%.What is the intrinsic value of ABC stock?
Answer:
$11.58
Explanation:
Given data :
quarterly dividend paid = $0.35
dividend growth for next 4 quarters = 5% = 0.05
dividend growth after 4 quarters = 0.4% = 0.004
quarterly return = 4%
calculate the intrinsic value of ABC stock
first we calculate the quarterly growth of the dividend
1st quarter = 0.35 * ( 1.05 ) = $0.3675
2nd quarter = 0.3675 * 1.05 = $0.3859
3rd quarter = 0.3859 * 1.05 = $0.4052
4th quarter = 0.4052 * 1.05 = $0.4255
fifth quarter = 0.4255 * 1.004 =$0.4272
value price after 4 quarter ( P4 ) = fifth quarter / ( quarterly return - growth after 4th quarter)
hence P4 = 0.4272 / ( 0.04 - 0.004 )
= 0.4272 / 0.036 = $11.87
intrinsic value = 0.3675 / 1.04 + 0.3859/1.04^2 + 0.4052/1.04^3 + 0.4255/1.04^4 + 11.87 / 1.04^4
intrinsic value = 0.3534 + 0.3568 + 0.3602 + 0.3637 + 10.15 = $11.58
Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set __________ goals
Answer:
Profit
Explanation:
Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales
It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.
"When does an investor receive payment of interest and principal on a Capital Appreciation Bond (CAB)?"
Answer:
at maturity date
Explanation:
Capital Appreciation Bonds are a type of municipal securities since they are backed by local governments. They work in a similarly to zero coupon bonds that accumulate compound interests until maturity date. The difference is that CAB are generally issued at face value, e.g. $1,000, and start accumulating interests. This $1,000 bond that yields 6% and has a maturity date of 10 years, will pay you $1,791 in 10 years.
Generally, international trade laws in the last 60 years have served to:______.
Answer: lower barriers to trade
Explanation:
Barriers to trade are usually used by countries to protect their infant industries, prevent dumping and consumption of harmful goods.
Despite all the controversies with international trade, the trend for the last 60 years has been toward a lower barrier to trade and there has been tremendous improvement with regards to that as the average level of tariffs that were charged by the industrialized countries was about forty percent in 1946 but reduced to about five percent in 1990. Also several countries have minimized their trade barriers.
You purchased stock for $18,000 ten years ago. Now the stock is worth $25,000. What was your annual rate of return?
Answer:
3.3%
Explanation:
The yearly rate of return is calculated by taking the amount of money gained or lost at the end of the year and dividing it by the initial investment at the beginning of the year.
DATA
Future value = $25,000
Present value = $18,000
Time = 10 years
Formula:
Annual return = [tex](\frac{futurevalue}{presentvalue}) ^{1/time} -1[/tex]
Annual return = [tex](\frac{25000}{18000}) ^{1/10} -1[/tex]
Annal return = 3.3%
Companies racing against rivals for global market leadership need strategic alliances and collaborative partnerships with companies in foreign countries in order to:_______
A. Combat the bargaining power of foreign suppliers and help defend against the competitive threat of substitute products produced by foreign rivals.
B. Help raise needed financial capital from foreign banks and use the brand names of their partners to make sales to foreign buyers.
C. Get into critical country markets quickly and accelerate the process of building a potent global presence, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations.
D. Help pursue price wars against foreign competitors.
E. Exercise better control over efforts to revamp the global industry value chain.
Answer:
C. Get into critical country markets quickly and accelerate the process of building a potent global presence, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations
Explanation:
In a global market it is important for businesses to leverage international advantages such as lower production cost in a foreign country, more lucrative markets in certain locations, and access to cheap materials for production.
So when a company wants to gain global dominance it is important they form alliances with companies in foreign countries. This will help them access more lucrative markets, gain knowledge about particular markets, and gain competencies that are unique to a geographical area.
If a company receives $12,000 from the stockholders to establish a corporation, the effect on the accounting equation would be:__________
A. Assets increase $12,000 and equity increases $12,000.
B. Liabilities increase $12,000 and equity decreases $12,000.
C. Assets increase $12,000 and liabilities increase $12,000.
D. Assets increase $12,000 and liabilities decrease $12,000.
E. Assets decrease $12,000 and equity decreases $12,000.
Answer:
The correct answer is option A
Explanation:
A receipt of cash indicates an increase in cash which is an asset. When an asset increases, it is represented by a debit to that asset's account and the asset side of the accounting equation is also debited. Thus, a receipt of $12000 cash from stockholders will be represented by a debit or an increase to the asset account for $12000.
The other side of the transaction would be a credit to the equity for $12000 because the stockholders are the owners of the company and any capital invested by the owners in the company is represented by a credit to the equity account as the capital is credited when it increases. Thus, the effect on accounting equation will be an increase in the equity of $12000.
Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermined overhead rate for fixed manufacturing overhead is $5.10 per machine-hour and the denominator level of activity is 5,300 machine-hours. In the most recent month, the total actual fixed manufacturing overhead was $27,230 and the company actually worked 5,230 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 5,250 machine-hours. What was the overall fixed manufacturing overhead volume variance for the mon
Answer:
$357 Unfavorable
Explanation:
Fixed manufacturing overhead volume variance identifies the amount by which actual production differs from budgeted production.
Fixed manufacturing overhead volume variance = Actual Output at Budgeted rate - Budgeted Fixed Overheads
= (5,230 × $5.10) - ($5.10 × 5,300)
= $26,673 - $27,030
= $357 Unfavorable
What should be included in a resignation letter? "A discussion of the company’s strengths and weaknesses"
Answer: an offer of assistance to prepare for your resignation
Explanation:
A resignation letter is a formal letter that is written by someone so as to announce the intention to leave a particular position that the person is currently holding.
The thing that can be included on the resignation letter is an offer of assistance to prepare for your resignation. This is vital in order to help the company prepare.
The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the revenue lost would be more than offset by higher revenues from the higher price. This indicates that the manager perceives demand to be:_______.
a. inelastic.
b. elastic.
c. unit elastic.
d. insufficient information.
Answer:
This indicates that the manager perceives demand to be:_______.
c. unit elastic.
Explanation:
Unit elastic demand describes a demand curve which is perfectly responsive to changes in price. This implies that the quantity supplied or demanded changes according to the same percentage as the change in price. For example, if the manager raises the price of her famous goods by $2.00, the unit elastic demand for that $2.00 increase would result in a decrease in the quantity demanded by one unit.
At a volume of 20,000 units, Almount Industries reported sales revenues of $1,000,000, variable costs of $300,000, and fixed costs of $260,000. The company's contribution margin per unit is:
Answer:
Contribution margin per unit = $35 per unit
Explanation:
The contribution margin per unit is the contribution or amount provided by the sale of each unit towards covering the fixed costs of the business. The total contribution margin is calculated by subtracting the total variable costs by the sales revenue. The contribution margin per unit can be calculated by dividing the total contribution by the number of units.
Total Contribution = Sales Revenue - Variable costs
Contribution margin per unit = Total Contribution / Number of units
Total Contribution = 1000000 - 300000
Total Contribution = $700000
Contribution margin per unit = 700000 / 20000
Contribution margin per unit = $35 per unit
Andrews Corp. ended the year carrying $89,674,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.? Select: 1Save Answer $137,558,000 $25,156,000 $174,698,660 $89,674,000
Answer:
$89,674,000
Explanation:
As it is mentioned that the inventory cost is already incurred in the last year so in this case the cost price would be zero and the same price should be equivalent to the closing value of the inventory i.e. carrying value of $89,674,000 and hence the same is to be considered
Therefore the last option is correct
Each business day, on average, a company writes checks totaling $41,500 to pay its suppliers. The usual clearing time for the checks is six days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $52,500. The cash from the payments is available to the firm after four days.
Required:
a. Calculate the company's disbursement float, collection float, and net float (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
b. Calculate the company's disbursement float, collection float, and net float if the collected funds were available in two days instead of four (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g.. 32.).
Answer:
A.Collection Float ($208,000)
Disbursements Float $249,000
Net Float $41,000
B.Collection Float ($104,000)
Disbursement Float $249,000
Net Float $145,000
Explanation:
A. Calculation the company's disbursement float, collection float, and net float
Per Day Clearing Days Float
Collection Float ($52,000) ×4days = ($208,000)
Disbursements Float $41,500 × 6days = $249,000
Net Float $41,000
($249,000-$208,000)
B. Calculation for the company's disbursement float, collection float, and net float if the collected funds were available in two days instead of four
Per Day Clearing Days Float
Collection Float ($52,000) ×2 days =($104,000)
Disbursement Float $41,500 ×6 days= $249,000
Net Float $145,000
($249,000-$104,000)
Hence,
A.Collection Float ($208,000)
Disbursements Float $249,000
Net Float $41,000
B.Collection Float ($104,000)
Disbursement Float $249,000
Net Float $145,000
A 90 day, 12% note for $20,000 dated July 1 is received from a customer. What is the maturity value of the note
Answer:maturity value of the note= $20,600
Explanation:
Interest = Principal x Rate x period /time
Assuming 360 days = 1 year
Interest = 20000 x 12% x 90/360
Interest = $600
Maturity value = Principal amount + interest accrued on due date
$20000 + $600 = $20,600.
Data on fifth-grade test scores (reading and mathematics) for 420 school districts in California yield \bar{y} = 646.2 and standard deviation s_{y} = 19.5
a. Construct a 95% confidence interval for the mean test score in the population.
b. When the districts were divided into districts with small classes (< 20 students per teacher) and large classes (? 20 students per teacher), the following results were found:
Class Size Average (\bar{Y}) Standard Deviation (s_{y}) n
Small 657.4 19.4 238
Large 650.0 17.9 182
Is there statistically significant evidence that the districts with smaller classes have higher average test scores? Explain (set up your hypothesis, and clearly state your decision rule).
Answer:
a. At 95% confidence interval, the mean test score in the population =
[ 648.06 , 644.34 ]
b.
Null hypothesis;
[tex]H_o : \mu_1 - \mu_2 = 0[/tex]
Alternative hypothesis
[tex]H_1 : \mu_1 - \mu_2 > 0[/tex]
t [tex]\simeq[/tex] 4.048
P - value = 0.000003
Decision Rule: To reject the null hypothesis if P - value is less than the level of significance
Conclusion: We reject the null hypothesis and conclude that there is sufficient statistical evidence that smaller class sizes do give rise to higher test averages.
Explanation:
Given that:
sample size n = 420
mean [tex]\overline{Y} = 646.2[/tex]
standard deviation [tex]s_{y}[/tex] = 19.5
a. Construct a 95% confidence interval for the mean test score in the population.
The 95% confidence interval for the mean test score can be expressed as:
[tex][ \overline Y \pm Z \times SE( \overline Y)][/tex]
Z value at 95% C.I = 1.96
The level of significance = 1 - 0.95
The level of significance = 0.05
[tex]SE(\overline Y ) = \dfrac{s_y}{\sqrt{n}}[/tex]
∴
⇒ [tex][ 646.2 \pm 1.96 \times \dfrac{19.5}{\sqrt{420}}][/tex]
= [tex][ 646.2 \pm 1.96 \times \dfrac{19.5}{20.4939}][/tex]
= [tex][ 646.2 \pm 1.96 \times 0.9515][/tex]
= [tex][ 646.2 \pm 1.86494][/tex]
= [ 646.2 + 1.86494 , 646.2 - 1.86494 ]
= [ 648.06494 , 644.33506 ]
[tex]\simeq[/tex] [ 648.06 , 644.34 ]
Thus at 95% confidence interval, the mean test score in the population =
[ 648.06 , 644.34 ]
b. When the districts were divided into districts with small classes (< 20 students per teacher) and large classes (? 20 students per teacher), the following results were found:
Class Size Average (\bar{Y}) Standard Deviation (s_{y}) n
Small [tex]\overline{Y_1}[/tex]= 657.4 19.4 238
Large [tex]\overline{Y_2}[/tex]= 650.0 17.9 182
The null hypothesis and the alternative hypothesis for this given data can be computed as follows:
Null hypothesis;
[tex]H_o : \mu_1 - \mu_2 = 0[/tex]
Alternative hypothesis
[tex]H_1 : \mu_1 - \mu_2 > 0[/tex]
The t- test statistics score can be expressed by using the formula:
[tex]t = \dfrac{\overline Y_1 -\overline Y_2 }{SE( \overline Y_1 - \overline Y_2)}[/tex]
where;
[tex]SE ( \overline Y_1 - \overline Y_2) = {\sqrt{\dfrac{s^2_y_1}{n_1} + \dfrac{s^2_y_2}{n_2}}}[/tex]
∴
[tex]t = \dfrac{\overline Y_1 -\overline Y_2 }{\sqrt{\dfrac{s^2_y_1}{n_1} + \dfrac{s^2_y_2}{n_2}}}[/tex]
[tex]t = \dfrac{657.4-650.0 }{\sqrt{\dfrac{19.4^2}{238} + \dfrac{17.9^2}{182}}}[/tex]
[tex]t = \dfrac{7.4 }{\sqrt{\dfrac{376.36}{238} + \dfrac{320.41}{182}}}[/tex]
[tex]t = \dfrac{7.4 }{\sqrt{1.581344538+ 1.760494505}}[/tex]
[tex]t = \dfrac{7.4 }{\sqrt{3.341839043}}[/tex]
[tex]t = \dfrac{7.4 }{1.828069759}[/tex]
t = 4.04799
t [tex]\simeq[/tex] 4.048
To determine the P - Value; we have:
P - value = 1 - [tex]\mathtt{\phi}[/tex] ( t)
P - value = 1 - [tex]\mathtt{\phi}[/tex]( 4.048)
P - value = 1 - 0.99997
P - value = 0.000003
Decision Rule: To reject the null hypothesis if P - value is less than the level of significance
Conclusion: We reject the null hypothesis and conclude that there is sufficient statistical evidence that smaller class sizes do give rise to higher test averages.
The financial reporting (disclosure) system is based on the electronic data tagging language called
Answer: eXtensible business reporting language (XBRL)
Explanation:
The financial reporting (disclosure) system that is based on the electronic data tagging language is referred to as the eXtensible business reporting language (XBRL).
XBRL is freely available and a global framework that is used for the exchange of business information and it also allows expression of semantics which is required in reporting of business.
You are writing the financial analysis for a snowboarding apparel business you are hoping to open in Topeka. Which tips should you follow?
a. Discuss market characteristics.
b. Describe how your service will benefit customers.
c. Outline a realistic start-up budget.
d. Present an operating budget that projects costs.
Answer:
The correct answer are the option C and D: Outline a realistic start-up budget and Present an operating budget that project costs.
Explanation:
To begin with, due to the fact that the principal matter is a financial analysis then the person must focus on a realistic start up budget and also in projecting costs in an operating budget because those will be the most important matters when it comes to financial terms, the costs and all that they represent at the time of starting the business and the production. Therefore that in terms of finances, the costs of the future business is the matter that the person will have to have in mind at first.
Accountants are the only people in business that really use accounting information.
A. True
B. False
Answer:
false
Explanation:
because some accounts could have the right answer while others can not just like websites
Publishing the priority of every project and ensuring the process is open and free of power politics. Communicating which projects are approved. Deciding how organizational resources are allocated among the different types of projects. Constant scanning of the external environment to determine if organizational selection criteria need to be changed. Evaluating the progress of the projects in the portfolio.
Answer:
Deciding how organisational resources are allocated among the different types of projects.
Explanation:
All other stated are the responsibilities of the governance team while managing the portfolio system.
The governance team ensures that the best projects are chosen, further when they are chosen how they are implemented or how the other teams work on such projects is not the duty of governance team.
Basically governance team assures that best suitable projects are chosen.
They are chosen in the correct order, but do not ensure how shall the company invest in that project.
During its first year of operations, the McCormick Company incurred the following manufacturing costs:_______. Direct materials, $4 per unit, Direct labor, $2 per unit, Variable overhead, $3 per unit, and Fixed overhead, $224,000. The company produced 28,000 units, and sold 19,000 units, leaving 9,000 units in inventory at year-end. Income calculated under variable costing is determined to be $360,000. How much income is reported under absorption costing? a. $432,000 b. $360,000 c. $584,000 d. $288,000
Answer:
Net income= $432,000
Explanation:
Giving the following information:
Fixed overhead, $224,000.
The company produced 28,000 units, and sold 19,000 units, leaving 9,000 units in inventory at year-end.
Income calculated under variable costing is determined to be $360,000.
The difference between absorption costing and variable costing method is that the first one includes the fixed manufacturing cost in the unitary production cost. Some of the fixed overhead is allocated into ending inventory increasing the net income for the period.
Unitary fixed overhead= 224,000/28,000= $8
Fixed overhead in ending inventory= 8*9,000= $72,000
Net income= 360,000 + 72,000= $432,000
Strategic Investments completed the following investment transactions during 2018: Read the requirements
Requirement 1. Joumalize Strategic's investment transactions. Explanations are not required.
Requirement 2. Classify and prepare a partial balance sheet for Strategic's Phyflexon investment as of December 31. 2018.
Jan. 14: Purchased 800 shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. Strategic does not have significant influence over Phyflexon.
Jan. 14. Purchased 800 shares of Phyflexon stock, paying $50 per share.
Aug 22: Received a cash dividend of $0.24 per share on the Phyflexon stock.
Dec. 31. Adjusted the investment to its current market value of $45 per share.
Dec. 31: Phyflexon reported net income of $330,000 for the year ended 2018.
Answer:
Strategic Investments Company
1. Journal Entries:
Jan. 14:
Debit Investment in Phyflexon $40,000
Credit Cash Account $40,000
Aug 22:
Debit Cash Account $192
Credit Dividends Received $192
Dec. 31:
Debit Loss on Investment $4,000
Credit Investment in Phyflexon $4,000
Dec. 31:
Debit Investment in Phyflexon $13,360
Credit Net Income Share $13,360
2. Partial Balance Sheet
Investment in Phyflexon $49,168
Explanation:
a) Data:
No. of shares of Phyflexon Stock = 800
Value of Stock investment = $40,000 ($50 x 800)
Ownership strength = 4%
b) Investment in Phyflexon:
Initial investment = $40,000
Loss on fair value = (4,000)
Net income 13,360
Dividend received (192)
Worth of investments $49,168
McQuilkin and Copan adopt different positions toward capitalism and socialism. Which author is more favorable to free market capitalism
Answer:
Paul Copan
Explanation:
Dr. Robertson McQuilkin can be considered a very biblical man, and as such, would always favor socialism more than free market capitalism. His phrase "Capitalism is for freedom, socialism is for equality" and the fact that he believed in a strict following of the Bible, you make him a more socialist person.
Dr. Paul Copan is also a very religious man, but his views are less extreme than Dr. McQuilkin's. He is more pragmatic and argues in favor of religion from a more neutral or agnostic point of view. He even argues that religious beliefs and economics are not mutually exclusive.
A bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments. The bond is quoted at 100.39. What is the amount of each coupon payment?
Answer: $34.33
Explanation:
From the question, we are informed that bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments and that the bond is quoted at 100.39.
Thee amount of each coupon payment goes thus:
We have to calculate the bond price which will be:
= $1000 × 100.39%
= $1000 × 1.39
= $1003.9
It should be noted that the current yield is calculated as the annual coupon amount divided by the bond price. This will be:
6.84% = annual coupon amount ÷ $1003.9
Annual coupon amount = $1003.9 × 6.84%
= $1003.9 × 0.0684
= $68.67
Each coupon amount will now be:
= $68.67/2
= $34.33
Hare, Inc., had a cost of goods sold of $45,021. At the end of the year, the accounts payable balance was $8,583. How long on average did it take the company to pay off its suppliers during the year
Answer:
70 days
Explanation:
For computing the number of days first we have to determine the credit turnover ratio which is shown below:
Credit turnover ratio is
= (Cost of Goods Sold ÷ Average accounts payable)
= ($45,021 ÷ $8,583)
= 5.245 times
Now the number of days is
= Total number of days in a year ÷ credit turnover ratio
= 365 ÷ 5.245
= 70 days
An investment company that issues a fixed number of shares which can only be resold in the open stock market is called a(n) _____ fund.
Answer:
closed-end
Explanation:
In a closed end fund, no new investment money is accepted into the fund. New investors have to buy existing shares from investors who are willing to sell their hares. One disadvantage of the closed-end fund is that it has a limited ability to expand.
A closed-end fund is in contrast to an open - end fund where new investment are accepted
Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets $ 126,000 Investments 57,800 Plant assets 380,000 Current liabilities 52,000 Long-term liabilities 103,000 Retained earnings 408,800
Answer:
2.42
Explanation:
The current ratio is a type of liquidity ratio. Liquidity ratios calculate the ability of a firm to meet its short term obligations
Current ratio = current assets / current liabilities = $ 126,000 / $52,000 = 2.42
When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to
Answer: centralization
Explanation:
When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to centralize.
Centralization is simply when an organizational activities especially those that has to do with decision making, planning, framing policies and strategies are all concentrated in a particular location group.