Answer:
the value of the quick ratio is 1.11 times
Explanation:
The computation of the value of the quick ratio is shown below:
Quick Ratio = Total Quick Assets ÷ Total current liabilities
= [Cash + Accounts Receivables] ÷ Accounts Payable
= [$145 + $99] ÷ $219
= $244 ÷ $219
= 1.11 Times
Hence, the value of the quick ratio is 1.11 times
Answer:
1) - proprietorships.
2) - corporations.
3) - proprietorships.
4) - corporations.
Explanation:
So far as figures are concerned, the majority of companies are proprietorships. Even so, mostly based on currency sales revenue, almost all of the trade is conducted by corporations. Businesses are mostly founded as proprietorships and only transformed into corporations until their success results in drawbacks that overshadow the benefits.
So, the following are the reason that describes the following answers are true according to the given scenario.
The journal entries are shown below:
On December 31
Bad debt expense Dr $130,000 ($650,000 × 0.20%)
To Allowance for doubtful debts $130,000
(Being the bad debt expense is recorded)
On Feb 01
Allowance for doubtful debts Dr $325
To Account receivable $325
(Being the written off amount is recorded)
On June 5
Account receivable $325
To Allowance for doubtful debts Dr $325
(Being the written off amount is recorded)
On June 5
Cash Dr $325
To Account receivable $325
(Being the cash received is recorded)
Answer:
The correct answer will be Option A (unlimited).
Explanation:
- The potential loss which always relies on something like a potential occurrence happening or otherwise not happening. One such loss to such a writer's exposed put option on either a stock seems to be indefinite or unlimited.
- Unless the loss becomes probable as well as the sum could be calculated, the damage including responsibility must be reported with either the journal entry.
Other available scenarios aren't connected to the situation in question. So alternative A, therefore, the perfect solution.
Answer:
total wealth in Krit Corp is $5000
Explanation:
given data
stock = 200 shares
treading = $25 per share
to find out
total wealth in Krit Corp
solution
we know here investor bought 200 share at $25 per share current treading
so here
total wealth in Krit Corp wuill be = stock × treading ...............1
put here all these value we get in equation 1
total wealth in Krit Corp = stock × treading
total wealth in Krit Corp = 200 × 25
total wealth in Krit Corp = $5000
so total wealth in Krit Corp is $5000
