Answer:
The current ratio is 1.18 times
Explanation:
Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities
The computation of the current ratio is shown below
Current ratio = Total Current assets ÷ total current liabilities
where,
Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory
= $43,500 + $27,000 + $102,000 + $125,000
= $297,500
And, the total current liabilities is $251,000
Now put these values to the above formula
So, the ratio would equal to
= $297,500 ÷ $251,000
= 1.18 times
The long term note payable is not a current liabilities,hence it is not considered in the computation part.
The answer to your question is true.
The form of organization must the project manager be working in Functional.
<h3>What is the meaning of organization?</h3>
Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.
In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.
This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.
Learn more about the project here:
brainly.com/question/15999858
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Answer:
Explanation:
Prepare a post-closing trial balance.Step 9
Prepare an adjusted trial balance.Step 6
Analyze business transactions.Step 1
Prepare a trial balance.Step 4
Journalize the transactions.Step 2
Journalize and post closing entries.Step 8
Prepare financial statements.Step 7
Journalize and post adjusting entries.Step 5
Post to ledger accounts.Step 3
Answer:
$6 million
Explanation:
If 25% of the firm is worth $1.5 million, then 100% of the firm will be worth $6 million (= $1.5 million x 4).
This is an all equity firm, which means it has no liabilities, and it is also a closely held corporation which makes it harder for a stockholder to sell his/her shares. Basically the fair value of the 1,000 shares is the money you can get from your fellow shareholders.
