The answer is <span>donating $9 million to the Salvation Army.
At the point when the Salvation Army was restricted from gathering commitments outside the entryways of Target stores, they asserted that they had lost more than $9 million in conceivable gifts. Customers were infuriated by this and boycotted Target stores, which sent the organization a solid message, and Target reacted by working with the Salvation Army. To begin with, they gave the lost $9 million specifically. At that point, Target made an online "List of things to get" that customers could use to give toys, attire, and family unit things to poor families amid the Christmas season. By recouping from the blacklist in this positive way, Target could maintain a strategic distance from the further negative effect of the circumstance they had made with their strategy of not enabling specialists to gather gifts outside their entryways.
</span>
Answer:
d) 1.32
Explanation:
The quick ratio uses only the most liquid current assets.
cash 48,000
AR 130,000
Short Term receivable 150,000
<em>Total 328,000</em>
<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets
Current liabilities
account payable 230,000
short-term notes payable 10,000
unearned revenue 8,000
<em>Total 248,000</em>
<em>Quick Ratio</em>
Answer:
Issued a check for $1,010 to pay the monthly rent
Account Debit Credit
Rent Expense $1,010
Bank $1,1010
Issued a $1,300 check to pay a creditor on account.
Account Debit Credit
Creditor $1,300
Bank $1,300
Purchased new equipment for $390 and paid $110 immediately by check with the remainder due in 30 days.
Account Debit Credit
Equipment $390
Bank $110
Accounts Payable $280
Provided services on credit in the amount of $860.
Account Debit Credit
Service Revenue $860
Accounts Receivable $860
Performed services for cash in the amount of $1,320.
Account Debit Credit
Service Revenue $1,320
Cash $1,320
The owner made an additional investment of $5,600 in cash and $1,050 in equipment.
Account Debit Credit
Cash $5,600
Equipment $1,050
Capital $6,650
Purchased $190 worth of supplies on credit.
Account Debit Credit
Supplies $190
Accounts Payable $190
Sent a $105 check to the utility company to pay the monthly bill.
Account Debit Credit
Utilities Expense $105
Bank $105
Collected $650 from credit customers.
Account Debit Credit
Cash $650
Accounts Receivable $650