I know customer tracking system is a way a business helps it's customers out by keeping track of their shipped product.
Answer:
The note will be stated as a long term liability on the balance sheet of the company.
Explanation:
Long term liability is the financial responsibility of the business which is due for more than a year in the future. The present portion of the long term debt which is separately listed in order to provide a more accurate view of the liquidity and the ability of the company to pay the current liabilities as they become due.
Company borrowed $10,000 from bank by singing a note of 2 year. This would be considered as the long term liability.
Answer:
The working capital is -$98.7 while the current ratio is 0.51 : 1
Explanation:
The working capital is the amount of capital that is available for the day to day operations of the business. The working capital represents the liquidity situation of the business. The working capital is calculated as follows,
Working Capital = Current Assets - Current liabilities
Working Capital = 102.5 - 201.2 = - $98.7
The current ratio is a measure of the liquidity of a firm that measures its capacity to pay its short term obligations. The current ratio tells us the amount of current assets available for every 4! of current liability.
Current ratio = Current Assets / Current Liabilities
Current ratio = 102.5 / 201.2
Current ratio = 0.51 : 1
Answer:
Individuals who earn ~$500,000 and above 40% of all income taxes, and pay 59.1% of all taxes shared. In a common sense, the amount paid should be proportional to not only the amount they earn, but also the amount of people within that tax bracket. In essence, the United States should not increase the top tax rate to 90%, as it is an extremely unfair tax to individuals, just because they are "richer". Also, a hike in taxes to the rich would negatively affect everybody else as well. Many rich people own successful businesses that employ hundreds, if not thousands of middle class and lower class workers. An increase in taxes can lead to lower pays, stagnant job growth or even shrinking, as well as higher costs of products and services to help make up for the amount loss to taxes. The United States government do not need the extra funds if they themselves push for agendas that are not beneficial to the ordinary American, and therefore, they do not have the justification to raise the tax rate.
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