Answer:
Current Ratio= Current Assets/ Current Liabilities
Explanation:
Current Ratio= Current Assets/ Current Liabilities
The current ratio is an important measure of a company's ability to pay its short term obligations. It is defined as current assets divided by current liabilities.
Current assets are cash and other resources that are expected to be sold or used within one year or the company's operating cycle , whichever is longer. Examples are cash, short term investments , accounts receivable, short term notes receivable, goods for sale ( called merchandise or inventory) and prepaid expenses. Prepaid expenses are usually listed last because they will not be converted to cash ( instead they are used).
Current liabilities are obligations due to be paid or settled within one year of operating cycle, whichever is longer. they are usually settled by paying out current assets such as cash . Current liabilities often include accounts payable , notes payable, wages payable, taxes payable, interest payable and unearned revenues. Also any portion of a long term liability due to be paid within one year or the operating cycle whichever is longer is a current liability.
<span>lower-of-cost-or-market
It is inconsistent because losses are recognized but not gains.
b. It usually understates assets.
c. It can increase future income.
"market" in the lower-of-cost-or-market rule be more than
estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal.
Designated market value
is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin
Lower-of-cost-or-market is most conservative if applied to individual items of inventory.
the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory is to prevent overstatement of the value of obsolete or damaged inventories.</span>
I could be wrong but his gross pay is 249.4
<span>Yolanda
buys a house in the mountains for $450,000 which she uses as her
personal vacation home. she builds an additional room on the house for
$40,000. she sells the property for $560,000 and pays $28,000 in
commissions and $14,000 in legal fees in connection with the sale. what
is the recognized gain or loss on the sale of the house?
= </span>She gained $28,000
Answer: False
Explanation: Static budget refers to that budget which is made for the upcoming period. A static budget incorporates anticipated values of inputs and outputs in it. It does sometimes assumes extreme business environment conditions.
Therefore, it is not feasible to compare the actual budget with the static plan as there is a high chance that both will differ by a high amount.
Hence, the given statement is false.
