Current ratio is a mathematical formulas which make use of a company's financial information for comparison purposes
<h3>What is current ratio?</h3>
The current ratio is the one that measures a company's ability to cover its short-term obligations with its current assets. It indicate whether or not a company is able to meet its short term financial obligations.
Current ratio is computed by dividing the current asset over current liability. It compare a company's financial information.
Hence, indicators created by mathematical formulas using a company's financial information for comparison purposes are called current ratio.
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Answer:
Under the cost of good sold method no journal entry will be required. The entries will constitute adjusted along with the sales.
Under the loss method we immediately pass a debit charge to cost of goods sold in the P&L, not awaiting its sales happening.
This makes the net income in that year lower. And makes the costs of goods sold method give a higher net income.
Explanation:
Answer:
a)
Cash debit : $150000
Debit discount on BP : $65000
Credit BP : $185000
Credit Paid-in Capital- Stock Warrants : $30000
b)
Cash debit : $150000
Debit discount on BP : $35000
Credit BP : $185000
Explanation:
Given that:
Issuance price = $150000, value of bonds without warrants = $126400, value of warrants = $31600,
Face value = $185000
a)
value assigned to bonds= [value of bonds without warrants/(value of bonds without warrants + value of warrants)] * issue price = [126400/(126400 + 31600)] * 1500000 = 126400 / 158000 * 150000 = $120000
value assigned to warrants = [value of warrants/(value of bonds without warrants+value of warrants)] * issue price = 31600 / (126400 + 31600) * 150000 = 31600 / 158000 * 150000 = $30000
Cash debit = Issuance price = $150000
Debit discount on BP = Face value - value assigned to bonds = $185000 - $120000 = $65000
Credit BP = face value = $185000
Credit Paid-in Capital- Stock Warrants = value assigned to warrants = $30000
b)
Cash debit = Issuance price = $150000
Debit discount on BP = Face value - issuance price = $185000 - $150000 = $35000
Credit BP = face value = $185000
Answer:
Explanation:
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Answer:
Organizing.
Explanation:
As Joanna is a manager at TravelWorld. She has set up a committee to develop procedures for dealing with company-wide training needs and assigned people to conduct specific training programs. Joanna is engaged in organizing management function. In organizing function, effective managers arrange the work to achieve the defined organisational goals. Managers perform the organizing function when they organize and determine the particular tasks which are required to be done, who would be doing what, grouping the tasks, who will be reporting to whom and who is going to make the decisions accordingly.
