Answer:
b. The ratio decreased
Explanation:
The current ratio is a financial performance measure that compares current assets to current liabilities, hence, in ascertaining the impact of the short-term borrowing on the current ratio, we would compute the current ratio before and after having taken the short term loan as shown thus"
current ratio=current assets/current liabilities
Before borrowing:
current ratio=$375,000/$150,000
current ratio=2.50
After borrowing:
current ratio=$375,000/($150,000+$75000)
current ratio=1.67(it has declined from earlier 2.50 to 1.67)
Answer:
Dec 31 2018
Debit. Stock $919,600
Credit. Supplier $919,600
Narration. Records of stock purchase under non cancelable agreement with supplier.
Dec 31 2018
Debit profit or loss 50,500
Credit. Stock. 50,500
Loss on carrying value of stock compare to realisable value.
Answer:
The correct answer is True.
Explanation:
Cognition means having a high level of perception, in order to interpret real behavior and find the best way to address it. This tactic can be useful to Danny if he wants to know if indeed his manager acts in the way that everything believes, which can be wrong. Using this type of strategy allows not only to have a lasting relationship, but to positively impact the perception of others about such an important person in the organizational structure, who must be a friend of all and be ready to collaborate in cases that is required.
Answer:
$3500
Explanation:
The amount that will be recorded under the accrual-basis accounting will be $3500. accrual - basis accounting is a type of accounting method that is used to record both expenses incurred and income earned by a company.
The accrual-basis accounting tends to match revenue earned and debts incurred by a company hence its advantage is that a company will easily know how profitable they are. in Accrual- basis accounting foreseen/estimated debts like the remaining balance from the $6500 debt which is $3500 is recorded under the accrual-basis account.
