Answer: Experienced but unemployed people
Explanation: In times of economic slowdown such as a recession, the rate of employment goes up. Many qualified workers seeking employment will not be hired. Experienced workers lose their jobs as a result of a decline in production.
The experienced worker who fails in securing new jobs ends up starting their businesses. These experienced workers already have knowledge on how to run a business, and would probably have some saving. With their qualification and experience, managing a new business is not very challenging for them.
The 2008 financial crises resulted in the establishment of many new startup businesses.
Accounts payable $36,500, Accounts receivable $46,500, Capital stock $100,000, Cash $46,000, Dividends $10,000, Goodwill $47,000
kolbaska11 [484]
Answer:
The Charlie current ratio is 1.84 times
Explanation:
The formula to compute the current ratio is shown below:
Current Ratio = Current Assets ÷ Current liabilities
where,
Current assets = Cash + accounts receivable + inventory + prepaid expenses
= $46,000 + $46,500 + $32,000 + 4,400
= $128,900
And, the current liabilities equal to
= Accounts payable + interest payable + short term notes payable
= $36,500 + $3,500 + $30,000
= $70,000
Now put these values to the above formula
So, the ratio equal to
= $128,900 ÷ $70,000
= 1.84 times
Answer:
c. $2.0 million for Lopes and by $2.5 million for HomeMax.
Explanation:
For the problem above, the two organizations agreed to work on a particular project because they believed that they will benefit from the outcome of the project. Based on the available information provided in the question, the profit that Lopes will make yearly will increase by $2.0 million while that of HomeMax will increase by $2.5 million.
Answer:
The correct answer is A. indicates an increase in the amount owed to creditors.
Explanation:
It groups all the accounts that represent the obligations contracted by the economic entity in development of the ordinary course of its activity, payable in money, goods or services.
It includes financial obligations, suppliers, accounts payable, taxes, levies and fees, labor obligations, deferred, other liabilities, estimated liabilities, provisions, bonds and business papers.
The accounts that make up this class will always have credit balances.
The liabilities expressed in foreign currency on the last day of the month or year, will be adjusted based on the exchange rate representative of the market at that date, recording such adjustment as a higher value of the liability charged to the results of the year, except when it should activate.
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