To solve this problem, first, we must know the formula to get the current ratio.
Currents Assets
Current Ratio= -------------------------
Current Liabilities
So in this problem the current assets and current liabilities are given which are the following:
CA= $593,000,000
CL= $316,000,000
Let's now solve $593,000,000 / $316,000,000 = 1.88
Explanation:
Honesty in the workplace:
- Honesty can give good reputation
- Will stay focused on the work and the environment
- Will keep commitments and thus increase productivity
- It will increase the sense of responsibility to achieve success at higher rates
- Increases mutual respect and thus gives good collaboration
Positive work environment:
- Employee feel safe
- Ability to achieve one's best
- Gains greater energy to contribute
- Provides an happy environment
- Yields positive result from both individual and team work
These these factors will help Mr. Jones to understand that fraud will be prevented and detected.
Answer:
(a) Issued $50,000 par value common stock for cash = Financing Activities
b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 = Non-cash Investing and Financing Activities
(d) Declared and paid a cash dividend of $18,000 = Financing Activities
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities
(f) Collected $16,000 from sale of goods = Operating Activities
Explanation:
The Cash flows related to raising of capital is known as Cash flow from Financing Activities.
The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.
The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.
Answer:
c. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off.
Explanation:
Under the allowance method of accounting for uncollectible accounts, the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off and bad debt expenses is debited.
This means that in the period in which an account previously written off is collected, the income is unaffected.
Also, under the allowance method of accounting, total assets will remain unchanged when a particular account is being written off.
