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3 years ago

The current ratio includes at the of the following except :

Business

2 answers:

Korvikt [17]3 years ago

8 0

Answer:

The correct answer is <em>Prepaid expenses</em>

Explanation:

Calculating the Current Ratio, you can calculate the current ratio of a company by dividing its current assets by current liabilities!

Umnica [9.8K]3 years ago

7 0

Answer: B i believe

Explanation:

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On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The l

Elena-2011 [213]

Answer: Please see answers in explanation ncolumn

Explanation:

Journal entry for Trico Technologies

1) To record issuance of notes

Date General Journal Debit Credit

Aug 1st 2021 Cash $19,700,000

Notes Payable $19,700,000

Adjustment for Interest

= Principal x rate x time ( from August to December 31st)

$19,700,000 X 9% X 5/12=$738,750

To record accrual of interest at Year end.

Date General Journal Debit Credit

Dec 31st,2021 Interest expense $738,750

Interest payable $738,750

3. Record Payment of Note at maturity

Date General Journal Debit Credit

Jan 31st,2022 Notes payable $19,700,000

Interest Expense $147,750

Interest payable $738,750

Cash $20,586,500

Interest Expense =Principal x rate x time ( the remaining one month

$19,700,000 X 9% X 1/12=$147,750

8 0

2 years ago

The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000

Sedbober [7]

Answer:

company can value of $190909.1

Explanation:

Given data:

current assets = $1,312,500

current liabilities = $525,000

initial inventory level is $380,000

current ratio = 2.2

current liabilities is calculated as $= \frac{Current/ Assets}{current/ ratio}$

plugging all value in above relation

current liabilities $= \frac{1312500}{2.2}$

current liabilities = $ 596590.90

and we know current liabilities is $525,000. Thus company can value of $190909.1

8 0

3 years ago

What gender bias do you know of in media?

7nadin3 [17]

If you are a girl the media expects you to be girly and like shopping and putting on makeup, some girls hate that stuff

8 0

3 years ago

Read 2 more answers

Which of the statements is the best

Galina-37 [17]

Answer:

Cash over flow ~AU ( ;

Explanation:

4 0

3 years ago

Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is

Solnce55 [7]

Answer:

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

Explanation:

The Accounting equation for any entity is represented by the following equation:

Assets= Equity + Liability

When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.

In this case, Fitch supply services shall

Decrease the accounts receivable account in assets section of balance sheet by $1,000

Increase the cash account in assets section of balance sheet by $1,000

7 0

3 years ago