Answer:
The quick ratio can be worked out as below;
Explanation:
Quick ratio=Current Assets excluding inventory stocks/Current liabilities
Current Assets=210+800
Current liabilities=$1,260
Quick Ratio =($210+4800)/$1,260
Quick Ratio=1.25
 
        
             
        
        
        
Answer:
$2 billion
Explanation:
Foreigners spend $7 billion on U.S net exports
Americans spend $5 billion on imports
Therefore the value of U.S net exports can be calculated as follows
= $7 billion-$5billion
= $2 billion
Hence the value of U.S net exports is $2 billion
 
        
             
        
        
        
True Some no activist believe in a predetermined money growth rate
        
             
        
        
        
Explanation:
The journal entries are shown below:
a. Bad debt expense A/c Dr  $13,931
                 To Allowance for doubtful debts $13,931
(Being bad debt expense is recorded) 
It is computed below:
= $421,300 × 4% - $2,921
= $13,931
b. a. Bad debt expense A/c Dr  $17,722
                 To Allowance for doubtful debts $17,722
(Being bad debt expense is recorded) 
It is computed below:
= $421,300 × 4% + $870
= $17,722
 
        
             
        
        
        
if Logan received a $2,500 bonus and his mps is 0.20, his consumption rises by $2,000 and his savings rises by $500