Answer: $23,200 as total current asset for the period
Explanation:
Note Receivable has a value $16,000
Interest on Note = 5%
Accrued for 9 months
Yearly Interest accrued = 16,000*5%*12= 9,600
Interest for 9 months = 9600/12*9 = 7,200
Balance sheet Extract
Other Income
Int Accrued on Note Receivable $7,200
Current Asset
Note Receivable $16,000
Int Accrued on Note Receivable $7,200
Total Current Asset $23,200
Answer:
c. The management of Ace should consider the effect of slow moving inventory on its liquidity.
Explanation:
Liquidity is an important measure of a company's financial health, its calculation determines how well the company can pay off your short-term debts. Inventory has a great impact on liquidity and it depends on how easily the company can sell it. As ACE is having trouble selling its products, it means that it takes a long time to sell its inventory, which does not help its liquidity since its inventory can not be easily be transformed into cash without losing its value, and that's why this company management must consider moving inventory on its liquidity, in order to increase its current ratio, that means its ability to pay current, or short-term, liabilities (debt and payables) with its current, or short-term, assets (cash, inventory, and receivables).
If this company
Answer:
The correct answer is option d.
Explanation:
The product life cycle can be defined as a concept in marketing that describes the stages a product goes through in the marketplace. It is used by management and marketing professionals to decide when to increase advertising, reduce prices, expand to new markets, or redesign packaging.
This concept can be broken down into four stages:
- Introduction
- Growth
- Maturity
- Decline
<span>Option correct is C. Governors. The Federal Reserve System is a reserve system governed by an autonomous and private entity that controls the organizational structure that is overseen by a government agency, called the Board of Governors, located in Washington D.</span>
Answer:
Option "A" is correct.
Explanation:
The fall in wealth rate reduces demand.
