Answer:
The correct answer is: $1,000,000 (one million dollars).
Explanation:
The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.
Answer:
$198,000
Explanation:
The computation of the net cash provided by operating activities by using the indirect method is presented below:
Cash flow from operating activities
Net income $186,000
Add: Decrease in account receivable $80,000
Less: Increase in prepaid expense -$28,000
Less: Increase in inventories -$40,000
Net cash provided by operating activities $198,000
Answer: False
Explanation:
Ethics are the moral principles which govern the behavior of a person. Ethics help us to know what is right or what is wrong.
Ethics Training program are done in order to enable workers to be able to identify and also deal with the ethical problems that they may face.
Therefore, the statement that "Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior" is false.
Answer:
B) Debts can usually be erased in about 6 months.
Answer:
0.74
Explanation:
Jones corporation reported a current assets of $196,000
The current liabilities is $138,500
The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900
Therefore the quick ratio can be calculated as follows
= cash + account receivables
= $61,000 + $42,100
= $103,100
$103,100/$138,500
= 0.74
Hence the acid test(quick ) ratio is 0.74
