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Colt1911 [192]
3 years ago
15

What does a current ratio of 1.20:1 mean?

Business
1 answer:
Cerrena [4.2K]3 years ago
3 0
It’s c. if you look it up it’s a dollar each of current assets
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rhodes borrowed $5,000 by signing a 5-year note with an interest rate of 8%. on the date the note is signed, rhodes should
photoshop1234 [79]

On the date the note is signed, rhodes should credit Note payable for $5,000.

Note payable is a loan agreement that is put down in written were the borrower agreed to pay the lender the certain amount he or she borrowed from the lender and must be signed by the borrower.

In Note payable the borrower as well will have to pay interest on the amount borrowed or the interest accrued on the amount borrowed on the due date.

The journal entry on the date the note is signed is:

Debit Cash $5,000

Credit Note payable $5,000

(To record note payable)

Inconclusion on the date the note is signed, rhodes should credit Note payable for $5,000.

Learn more here:

brainly.com/question/15709295

8 0
3 years ago
An entrenpeneur knits sweaters for sale. The entrenpeneur has fixed costs of $100. When he makes 10 sweaters in one month, he mu
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Answer:

marginal cost = $2

Explanation:

given data:

cost on wool when 10 sweater made in one month = $15

cost on wool when 11 sweater made in one month = $17

fixed cost = $100

In case of no other cost present, marginal cost is given by

Marginal cost = cost of eleven sweaters - cost of ten sweaters

                       = $17 -$15

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8 0
3 years ago
Nicolas maduro is the leader of what country, which is struggling with a major economic crisis that includes incredibly high inf
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Nicolas Maduro is the leader of Venezuela.
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3 years ago
Purchase task, social surroundings, physical surroundings, temporal effects, and antecedent states can have an impact on a consu
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Answer:

<u>Situational Influences </u>

Explanation:

Situational influences refer to those situation or state conditions which influence a buyers behavior. Physical, social and time factors or buyers own moods, affect a buyers buying habits i.e what the buyers buy and the quantity of purchases.

Physical surroundings refer to the physical situation of the buyer i.e the effect of location of the store, the design of the store etc.

Social surroundings refer to the effect of people who surround the buyer while he is considering a purchase.

Temporal effects refer to temporary or time bound situation of the buyer which relates to the time of the day a buyer visits the store.

Antecedent states refer to the pre existing state of mind of the buyer.

Collectively, these comprise situational influences in consumer buying decision process.

4 0
3 years ago
A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota
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The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation. 
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3 years ago
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