Answer: 3.39
Explanation: Current ratio can be defined as a liquidity ratio which is used by the accountants the evaluate the ability of the company to pay its short term obligations. It can be computed as follows :-

where,
current assets = $38,500 + $100,000 + $90,500 + $126,000 + $13,100 = $368,100
current liabilities = $108,400
now putting the values into equation we get :-

= 3.39
Answer:
cash 55,110,929 debit
note payable 55,110,929 credit
--to record singing of promissory note with discounted interest--
interest expense 1.583.741,77 debit
note payable 1.583.741,77 credit
--to record accrued interest on note payable --
Explanation:
the note plus interest will be for 60 millions.
So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:
Maturity 60,000,000.00
time 0.75
rate 0.12
PV 55,110,929.18
then at December 31th we solve for the accrued interest:
Principal 55,110,929.18
time 0.25 (3 months over 12 month a year)
rate 0.12000
Amount 56,694,670.95
accrued interest: 56,694,670.95 - 55,110,929.18 = 1.583.741,77
Answer:
The correct answer is A
Explanation:
Dividend is the amount of money or a payment which is made through the corporation or business to its shareholders, mostly as a distribution of profits. When the business or corporation have profits or the surplus, then the business is able to re- invest the profit further and then pay the proportion of the profit as the dividend to the company shareholders.
So, in this case, Alexandra who received 100 additional on the stock is the distribution of profit, which is called as dividends.
Answer: Debit Accounts receivable for $600.
Explanation:
The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.
This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.