If a firm has high current and quick ratios, this always is a good indication that a firm is managing its liquidity position wel
1 answer:
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Answer:
type B 50 pounds
type A 94 pounds
Explanation:
First we construct the equation system:
Now we clear one and replace:
And we can solve for type B:
And now we can solve for quantity of A as well:
A = 144 - 50 = 94
<u>Finally we can check the answer if it is correct:</u>
50 x 5.9 + 94 X 4.75 =
295 + 446,5 = 741,5
Answer:
A credit to Common Stock for $110,000. A further explanation is provided below.
Explanation:
Given:
Corporation sold,
= 11,000
Common stock per value,
= $10
Cash price,
= $14 per share
The entry record would include,
=
=
= ($)