Answer:
SISKO & Co. Ltd.
1. The paid-up share capital is:
A. Le1.25 million
2. Current Ratio will be:
(B) 3:1
Explanation:
a) Data and Calculations:
Issued share capital = 1,000,000 shares
Allotment = Le1.25 per share
Paid-up share capital = Le1.25 million (Le1.25 * 1,000,000)
Current Ratio:
Cash Balance Le15,000
Trade Receivables Le35,000
Inventory Le40,000
Total current assets Le90,000
Current liabilities:
Trade Payables Le24,000
Bank Overdraft Le6,000
Total current liabilities Le30,000
Current ratio = Current assets/Current liabilities
= Le90,000/Le30,000
= 3:1
Answer:
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Information regarding Contacts Being aware of the best ways to get in touch with your customers is essential for establishing productive business relationships.Make sure to get their mailing addresses, cell phone numbers, email addresses, and home phone numbers.
Why is it crucial to safeguard customer information?
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We ought to gather information from new customers when?
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Answer:
Matthew owns 30 percent of the outstanding stock of Lindman and has the ability to significantly influence the investee's operations and decision making. On January 1, 2015, the balance in the Investment in Lindman account is $337,000. Amortization associated with this acquisition is $10,000 per year.
Explanation:
