Answer:
Appalachian Beverages
The Updated current ratio is:
= 1.65
Explanation:
a) Data and Calculations:
Current assets = $39,900
Current ratio = 1.90
Current liabilities = $21,000 ($39,900/1.90)
Current Assets:
Beginning balance = $39,900
Inventory $5,100
Cash ($2,000)
Ending balance = $43,000
Current Liabilities:
Beginning balance = $21,000
Accounts Payable $5,100
Ending balance = $26,100
Analysis of Transactions:
1. Inventory $5,100 Accounts Payable $5,100
2. Delivery Truck $10,000 Cash $2,000 Two-year Note Payable $8,000
Updated current ratio = Current assets/Current liabilities
= $43,000/$26,100
= 1.65
Kiosks and carts are ideal locations for areas with a large population. The answer is pop - up retailers since they are widely spread near a population, and manufacturing plants and hair salons aren't found everywhere where there is a large population, so the answer is pop - up retailers.
Hope this ^^ helps!!!
Answer: $2400
Explanation:
The straight line depreciation calculates the depreciation expense as cost of asset less salvage value, the value derived is then divided by useful life
Depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of asset-$12,000
Useful life- 5 years
Initial salvage value - $2000
Salvage value after 3 years - $1200
Depreciation expense for the first 3 years -
$12000 - $2,000 = $10,000
Accumulated depreciation = (3/5)×10,000=$6,000
Net book value at the beginning of the 5th year = $6,000-$1200 = $4800
Depreciation expense for the 4th and 5th years = $4800 ÷ 2 = $2400
It’s D, bc it contributes equity