Is this multiple choice, where are the answers to choose from?
Answer:
Increase and remain the same respectively
Explanation:
Given the above information, we know that current ratio is computed as;
Current ratio = Current assets ÷ Current liabilities
Current ratio = $60,000 ÷ $34,000
Current ratio = 1: 1.76
Working capital is computed as;
= Current asset - Current liabilities
= $60,000 - $34,000
= $26,000
As a result of the above, the current ratio increased because of the reduction in the current liabilities value while the working capital remains the same.
Answer:
Look at the class more and his notes less, so the class can hear him
Explanation:
Economic profit = Accounting profit - Implicit costs is correct
Explanation:
Economic profit includes income minus implied (opportunity) and explicit (currency) costs, while accounting profit includes benefit minus explicit cost.
The monetary risks a organization has are clear. The cost of competition of the capital of a organization are tacit costs.
The administrative expenses a corporation carries out and the income a business receives are the accounting benefit. This is the income from bookkeeping that comes beyond economic benefit.
Benefit accounting= net currency profit-total expenses.
Economic benefit is the expense of money and incentive of a business paying and the profits earned by an firm.
Company benefit= total income–(explicit cost + implicit cost).
The envelope system is usually helpful for items that tend to bust your budget. Things like gas, groceries and bills.
