1. The only current asset possessed by a firm are: Cash $ 105,000, Inventories $ 560,000 and Accounts Receivable $ 420,000. If the current ratio for the firm is 2: 1, determine its current
liabilities and calculate the firm's quick ratio
2. At the cose of the year a company has inventory of $ 150,000 and cost of goods sold for
$ 975,000. If the company's turnover ratio is 5, determine the opening balance of the inventory
3. Assume that the industry average of fixed asset turnover of MITU Manufacturing Company
is 2.50 times and the total asset turno ver is 2 times. Net saes for the year are 250,000 and
95% of the total assets of the organization are fixed. Assume further that the production
manager requests additional fund for the purchase of fixed assets that he thinks coukl
increase the profitability of the company. Given no impact of depreciation, and if you are the
financial manager of MITU Maufacturing Company, what should be your reaction towards
this proposaľ? Why?

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase

Norbert and suzie are both lineworkers for a utility company who have been working together for almost two years. norbert frequently tells suzie that the job is called "lineman" and not "linewoman," and thus, it is not a woman's job. he plays practical jokes on her such as hiding some of her tools and sabotaging her truck. he asks her when she plans on getting pregnant and staying at home to take care of her children and gives her copies of " wanted" ads for secretarial and waitress jobs. such behavior has kept suzie disturbed at work. if suzie complains about norbert's conduct: