Product design but I’m also a little convinced it’s also product layout
Answer:
Attached is the solution:
Answer:
Ne Income 425
Explanation:
Revenue 2000
Salaries 1325
Travel expenses 250
Net Income 425
The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made
Answer:
2.42 times
Explanation:
The computation of the acid test ratio is shown below:
Acid test ratio = Quick Assets ÷ Current liabilities
where,
Quick Assets = Cash + short term investment + account receivable
= $4,500 + $50,500 + $66,000
= $121,000
And, the current liabilities is $50,000
So the acid test ratio is
= $121,000 ÷ 50,000
= 2.42 times
Basically we applied the above formula to find out the acid test ratio
