Answer:
The more you sell the more you will earn :)
Explanation:
Answer:
= All
Explanation:
= U.S. exports increase, shifting U.S. aggregate demand to the right
= U.S. exports increase, shifting U.S. aggregate demand to the right
Answer: The current ratio measures a company’s effectiveness in using fixed assets to support sales.
Explanation:
The statement regarding a financial statement analysis that is incorrect is option E "the current ratio measures a company’s effectiveness in using fixed assets to support sales".
The current ratio is used by a company to know if there are enough resources that are available in order to meet the short term obligations of the company.
This is done through the comparison of the current assets of the company to the current liabilities of the company.
Answer:
Explanation:
The journal entries are shown below:
a. Short term notes receivable A/c Dr $5,300
To Service revenue A/c $5,300
(Being the service is provided based on the notes receivable)
b. Short term notes receivable A/c Dr $9,300
To Cash A/c $9,300
(Being cash is paid)
c. Short term notes receivable A/c Dr $4,300
To Account receivable A/c $4,300
(Being 3-month note receivable is accepted which is signed by the customer)
