Detailed information about the financial statement elements is maintained in records commonly called "Accounts'
An account in accounting is a general ledger entry that is used to categorize and record transactions. For example, businesses will have a Cash account where they may record each transaction that raises or reduces the amount of cash they have on hand.
Three different accounts exist.
- Real account: It links assets and obligations; it excludes accounts for specific individuals. They continue every year.
- Personal accounts link the accounts of people,
- Businesses, and organizations. All accounts for income, spending, losses and profits are related by a nominal account.
To learn more about financial statements
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Answer:
The minimum deposit will be of 3,081 and after 40 year it will get 1,000,000 dollars
Explanation:
We have to solve for the C of an annuity growing
g 0.05
r 0.06
C 3,081
n 40
The Acid-test ratio of Blushing Co,. is 1.25.
Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.
Acid test ratio = (current asset - inventory) / current liabilities
- Current assets - inventory = $105,000 - $60,000 = $45,000
- Current liabilities = $60,000
- Acid-test ratio = $45,000 / $60,000 = 0.75
A similar question was answered here: brainly.com/question/13972407
11.68 $ a month, i believe thats the answer, if not its pretty close...
