Question
When calculating Quick Assets, it is important to
exclude certain items from Current Assets to accurately measure a company's liquidity. Quick Assets provide a more stringent measure of liquidity by considering only the most liquid assets. Which items are excluded from Current Assets when calculating Quick Assets?Solution
Quick Assets are calculated by excluding Inventory and Prepaid Expenses from Current Assets. Inventory is excluded because it may not be quickly converted into cash without a loss of value, and Prepaid Expenses are payments made for services not yet received, which cannot be converted into cash. The calculation focuses on the most liquid assets, such as cash, marketable securities, and receivables.
If the time shown in a clock is 8:20, then what will be the clock angle made by minute and hour hands?
Sky radiation is the radiation scattered by suspended particles in the atmosphere. It is also known as:
What type of epistasis occurs when recessive alleles at one locus mask the expression of both dominant and recessive alleles at another locus?
When one buyer and larger number of sellers, the market condition is known as
This type of antennae have flattened segments that resemble plates. They are often found in butterflies and moths and are adapted for detecting odor mol...
The hydraulic conductivity of sandy soil is among soil constituents
What is the role of the styli, paired tube-like outgrowths on the ventral side of the abdomen in silverfish?
Most foods have a water activity above:
____ is the only design in which principle of local control is not used.
The ‘grassy shoot disease’ of sugarcane can be prevented by:
