Find the liquid ratio for given value of inventories
The Current Assets of a company are Rs 1,26,000 and the Current Ratio is 3:2 and the value of inventories is Rs 2,000. Find out the Liquid Ratio.
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Inventory Turnover Ratio is 3 times sales are Rs 1,80,000. Opening Stock is Rs 2,000 more than the Closing Stock. Calculate the Opening and Closing Stock when goods are sold at 20% profit on cost.
Organizations use a variety of performance measures to evaluate managers. Central to the idea ofresponsibility accounting is that performance measures are reflective of activities under a manager's influence and control.
In this assignment, you will consider many of the legal concepts addressed in this course and apply them to relevant scenarios.
The Florida lottery agrees to pay the winner $276,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.07?
The beginning balances in the inventory accounts were: Raw Materials Inventory $6,000 Work in Process Inventory $35,000 Finished Goods Inventory $50,000.
A trader carries an average stock of Rs 20,000. His Stock Turnover is 5 times. If he sells goods at a profit of 25% on sales, calculate the profit.
Argentina Corporation had the following stockholders' equity accounts. Common Stock $1,500,000 Paid-in Capital in Excess of Par Value 200,000 Retained Earnings 600,000 During the year, the following transactions occurred.
NuVox Corporation manufactures car stereos. It is a division of Lambda Motors, which manufactures vehicles. NuVox sells car stereos to Lambda, as well as to other vehicle manufacturers and retail stores.
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