I think this is B- false because just because its 2 percent floor on unreimbursed doesn't mean anything.
Hope this helped. Have a great day! :D
Answer:
D. Both A and B
That is bill of sale and financial statements.
Explanation:
Bill of sale is a document that is used to transfer ownership of goods and services to another person.
Financial statement shows activity and a business's financial position at a given point in time.
When selling the business to Simon, Lois will provide him the financial statements and bill of sale.
Answer:
The answer is
1. -$96 million
2. 0.52:1
Explanation:
1. Working capital = total current assets - total current liabilities
Current assets:
Cash. $ 31.9 million
Accounts receivable $21.0 million
Inventory $28.1 million
Other current assets. $23.0 milllion
Total current assets $104.0 million
And current liabilities is$200.0 million
Therefore, working capital is:
$104 - $200
= -$96 million
2. Current ratio = current assets/current liabilities
$104 million / 200 miliion
=0.52:1
Answer:
administrative trade policy
Explanation:
A country might create safety standards for certain products that other nations can't comply with. As a result, these nations can't be involved with exporting parts for those goods and trade does not exist. These safety standards are a form of administrative trade policy.
Administrative trade policies are bureaucratic rules that are almost always <u>deliberately designed to restrict the flow of a particular import into a country</u>.
Answer:
The current ratio reflects existing cash as well as amounts to be converted to cash in the normal operating cycle.
Explanation:
As we know that
There are two liquidity ratios which is current ratio and quick ratio
The formula to compute each one is shown below:
Current ratio = Current assets ÷ Current liabilities
And, the quick ratio = Quick assets ÷ current liabilities
where,
Quick ratio = Current assets - inventory - prepaid expenses
By considering the two above ratios we could find the liquidity position of the ratio but the current ratio is the best as it includes all the items i,e to be required for it