Answer:
1.21
Explanation:
Current Ratio = Current Asset / Current Liabilities
= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities 
= ( 46500 + 34000 + 102000 + 129000) / 257000
= 1.21
 
        
                    
             
        
        
        
Answer:
 Oh nothing much just vibeing with my homies
Explanation:
 
        
                    
             
        
        
        
Answer:
b.$995,000
Explanation:
Jensen Company
Direct materials used $345,000
 Direct labor incurred 250,000
 
Factory overhead incurred 400,000
Product cost $995,000
Therefore Jensen Company's product costs is $995,000
Direct materials used $345,000 + Direct labor incurred 250,000 +Factory overhead incurred 400,000 =$995,000
 
        
                    
             
        
        
        
Answer:
A. $424,000
Explanation:
current income = Taxable income - Federal tax + Depreciation disallowed + net capital loss carryover           
= $400,000 - $136,000 +  ($200,000 - $60,000) + $20,000 
=  $424000
Therefore, The corporation's current earnings and profits for 20X3 would be $424000.
 
        
             
        
        
        
Answer:
True .....this is because the entrepreneur is the risk bearer of the business...he is liable for any profit/loss.