Answer:
see below
Explanation:
he farmers must have considered the ability to repay back loans when making the decision. The ability of a business to meet its current obligations is expressed by the current ratio.
The current ratio or working capital ratio communicates a firm's ability to repay debts as they become due. The higher the ratio, the better.
the current ratio is calculated as current assets/current liabilities
For Firm A,
current ratio =$150,000/ $125,000.
=1.2
For Firm B,
current ratio =$100,000/$75,000
=1.333
Firm B has a better current ratio than Firm A. Firm B is in a better position to repay loans compared to Firm A.
Answer:
Frank-Walter Steinmeier- president
Explanation:
Answer:
$,1,326
Explanation:
Calculation to determine how much can Clark claim as a child and dependent care credit in 2020
Using this formula
Amount to claim=Tax rate*(Housekeeper salary+ Amount paid to Kiddie play camp)
Let plug in the formula
Amount to claim=26% *($3,600 + $1,500)
Amount to claim=26%*$5,100
Amount to claim=$1,326
Therefore The amount that Clark can claim as a child and dependent care credit in 2020 is $1,326
Answer:
No net effect on the accounting equation.
Explanation:
Given that,
On January 1, Products sold to a customer on account = $30,000
On January 10, Cash collected from a customer = $30,000
Accounting equation is as follows:
Assets = Liabilities + Stockholder's equity
On January 10,
The cash of $30,000 is received from the customer which increases the assets by $30,000 and reduces the accounts receivable by $30,000 which is also a part of assets. Therefore, there is no change or impact on the accounting equation.
