John could either keep looking for an apartment that he can afford 100% of, or he could look for a roommate and go 50/50 on the monthly rent.
Time value of money <span>it's best to have money today, so it can be put to work sooner to make even more money. When you have money now, you can invest and start building </span>interest on it. The quicker you have money, the quicker you start to grow your money and the sooner it can double, triple etc.
Answer: Control over goods or services has been transferred from the seller to the customer.
Explanation:- Companies recognize revenue only when control over goods or services has been transferred from the seller to the customer. Revenue can only be said to be recognized by organizations when goods or services have been moved from the producers to the sellers.
Answer:
b. The ratio decreased
Explanation:
The current ratio is a financial performance measure that compares current assets to current liabilities, hence, in ascertaining the impact of the short-term borrowing on the current ratio, we would compute the current ratio before and after having taken the short term loan as shown thus"
current ratio=current assets/current liabilities
Before borrowing:
current ratio=$375,000/$150,000
current ratio=2.50
After borrowing:
current ratio=$375,000/($150,000+$75000)
current ratio=1.67(it has declined from earlier 2.50 to 1.67)
D. The store would purchase 100 pairs per month