Answer:
C) Quick Ratio = (Cash + Marketable Securities + Accounts Receivable) / current liabilities
Explanation:
A liquidity ratio is a balance sheet ratio that measures the ability of a firm to meet its short term obligations. They include cash, quick and current ratios.
Answer:
c. Providing special-purpose information and reports
Explanation:
Managerial or management accounting unlike financial accounting which focuses on historical data involves the review of management's forecast or budget with the actual results obtained.
It is used by management for internal decision making unlike financial accounting which follows a defined framework that is useful for both internal and external users of the financials.
Hence, Managerial accounting is primarily focused on Providing special-purpose information and reports.
Answer:
international division
Explanation:
In a functional organization structure, a company is divided into small units based on the roles they perform. For example, a company may have marketing, finance, It and human resources division. The divisions may also be referred to as departments.
Divisions allow for more efficiency as employees with shared skills and knowledge are put together to perform familiar tasks. By creating an international division, Lenon N' Honey will be able to assign specialized employees the duty of in managing its foreign business. The international division will focus on ensuring that the overseas operations are achieving their objectives.
The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.
<h3>What is Retained Earnings?</h3>
Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.
The retained earning is used in the future projects or for buying the equipment for the company.
Learn more about retained earnings here:
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For me i would say the answer is C
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