Answer:
Service revenue
Explanation:
Service revenue does not appear on a balance sheet. It appears on an income statement.
Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the given data are as follows:
Cash (assets) = $68
Accounts receivables ( assets ) = $142
accounts payable ( liabilities) = $235
Inventory = $318
So, we can calculate quick ratio by using following formula:
Quick ratio = Assets / Liabilities
= $68 + $ 142 / $235
= $210 / $235
= 0.89
Hence, the value of quick ratio is 0.89.
From the instantaneous response that Natalie experienced, the answer should be C) Sensation.