Answer:
Explanation:
1. Accounts Payable - Current liabilities in liabilities side
2. Accounts Receivable - Current asset in assets side
3. Accumulated Depreciation—Building - Property, plant, and equipment in assets side
4. Cash - Current asset in assets side
5. Common Stock - stockholders' equity
6. Note Payable (due in ten years) - Long-term liability in liabilities side
7. Supplies - Current asset in asset side
8. Wages Payable - Current liabilities in liabilities side
Answer:
0.75 times
Explanation:
The computation of the acid test ratio is shown below:
Quick ratio = Quick assets ÷ total current liabilities
where,
Quick assets = Account receivable + cash balance
= $30,000 + $15,000
= $45,000
And, the current liabilities is $60,000
Now put these values to the above formula
So, the value would equal to
= $45,000 ÷ $60,000
= 0.75 times
expansion to contraction
Explanation:
The peak in a business cycle is marked by super-heated business sentiments, growth in business and increased production and hence enhanced profits. However, the transition to peak cycle is marked by a continuous phase of declining production capacity, depreciating profits and contraction of the business process.
Peak, contraction, slowdown, recovery is the phases of the cyclical business process. Peak gives way for contraction which eventually leads to slowdown. After a brief period of lull, the business recovers and again it ascends its peak and the cycle continues.
Answer:
A firm is deciding how much of its equipment to sell so that it can reduce its monthly loan payments for equipment.
Answer:
b. It enables the sharing of information across all business functions and all levels of management.
Explanation:
An enterprise system enables the sharing of information across all business functions and all levels of management.
Enterprise systems usually comprises of Customer Relationship Management (CRM) and Product Life-cycle Management (PLM). It generally enables proper planning of the resources of an organization with coordination and integration of essential business processes.
