This is false. a fad is a product that is popular for a SHORT amount of time .
Answer:
Current ratio is 2.5:1
Quick ratio 1.9:1
Explanation:
Current ratio =current assets/current laibilities:1
current assets =cash+marketable securities+accounts receivables+inventory
current assets=$225000+$115,000+$112000+$158,000
current assets =$610,000
current liabilities=accounts payable=$244,000
Current ratio=610000/244000
current ratio=2.5
:1
quick ratio =(current assets-inventory)/current liabilities:1
quick ratio=(610000-158000)/244000
=1.9:1
The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business
Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash
The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.
<h3>What is an inference?</h3>
An inference is the conclusion that can be deduced based on an information.
In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.
Learn more about inference on:
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Answer:
$6,500
Explanation:
Allowance for doubtful accounts is a reduction in the total amount of accounts receivable given in the company´s balance sheet. Such an allowance is actually and estimate from the management of the accounts receivables that it doesn´t expect to receive.
Ecuation:
Adjustment = - Beginning balance + Write offs + Ending balance
Adjustment = ($2,700) + $4,800 + $4,400
Adjustment = $6,500
The estimation of the write off from the previous year must be discounted, the added the write off registered during the year plus the estimate at the end of the period.
