A person who makes good for the people is called Producer. The people who consumes his goods are called the Consumers.
Suppose there is a bakery in an area who sells fantastic cookies to the people. People who are making the cookies in the bakery are the producers of that product. So consumers may say that this bakery is the producer of best cookies in town.
Answer:
The borrower records its receipt of cash and new liability with this entry
Jan 1 Notes Receivable $10,000 Dr.
Sales / Accounts Receivable $10,000 Cr.
Received Note of 3 months with 9% interest
The entry would credit to Sales if it is received against sales or credit to account receivable isf it is received against accounts receivable for a further time period as the case may be.
Answer:
Cleans current ratio is = 2.71
Explanation:
The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations.
Current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle.
Current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer.
Current ratio = current assets ÷ current liabilities.
From the question above;
Current assets;
Cash $600
Account receivable $900
Office supplies $400
Total $1900
Current liabilities;
Account payable $500
Salaries payable $200
Total $700
Current ratio = 1900 ÷ 700
Current ratio = 2.71
The demand for silver decreases, other things equal, when the gold market is suddenly expected to boom.
This is the logical consequence of the fact that silver and gold are used as investment commodities to preserve the value of your assets. If market predicts a quick increase in the prices of gold, the market will sell its assets in silver to purchase assets in gold to make a greater profit.
It's estimated that the United States produce about 768 million pounds of cranberries each year and the Americans consume about 400 million pounds annually. They eat about 20% of those 400 million pounds on Thanksgiving, which is about 80 million pounds.
