Answer:
Appalachian Beverages
The Updated current ratio is:
= 1.65
Explanation:
a) Data and Calculations:
Current assets = $39,900
Current ratio = 1.90
Current liabilities = $21,000 ($39,900/1.90)
Current Assets:
Beginning balance = $39,900
Inventory $5,100
Cash ($2,000)
Ending balance = $43,000
Current Liabilities:
Beginning balance = $21,000
Accounts Payable $5,100
Ending balance = $26,100
Analysis of Transactions:
1. Inventory $5,100 Accounts Payable $5,100
2. Delivery Truck $10,000 Cash $2,000 Two-year Note Payable $8,000
Updated current ratio = Current assets/Current liabilities
= $43,000/$26,100
= 1.65
Answer:
(A) $40,000
Explanation:
At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price
Since in the question, the land was purchased at $40,000. Moreover, for the tax purpose, the land is valued at $27,000 and the qualified appraiser appraise the value at $48,000. The cash payment is also offered for $46,000
But at the time of recording or reported, the balance sheet would show at the purchase price i.e $40,000
Answer:<em> Option (b) and (d) are untrue.</em>
Explanation:
From the given option, the following statement about aims and objectives are untrue<em>:</em><em> An objective describes what the learners will be able to do with the language by the end of the lesson, You could have one overall aim and some secondary aims.</em>
<em>Aim is in regards with what you hope to do, your comprehensive purpose in project. It will gesticulate what/where you aspire to be at the end of the project. An aim is usually wide. It is earnest, but not beyond the bounds of possibility. </em>
<em>Whereas;
</em>
<em>There are more than one objective, these can be referred to as the specific steps taken to achieve our aim. </em>
