Answer: 3.39
Explanation: Current ratio can be defined as a liquidity ratio which is used by the accountants the evaluate the ability of the company to pay its short term obligations. It can be computed as follows :-
where,
current assets = $38,500 + $100,000 + $90,500 + $126,000 + $13,100 = $368,100
current liabilities = $108,400
now putting the values into equation we get :-
= 3.39
Answer:
Option A
Explanation:
- Debit is for increasing expenses and assets
- Where as credit decreases them.
As per Newtons third law every action has a equal and opposite reaction
- So every debit have a equal credit in trial balance.
Opt A is correct
Answer:
A;36
Explanation:
So lets recall the different parts of a box and whisker plot.
The dot at the very right end of it is the maximum, where the largest number is.
After that, the box to the right is the upper quartile.
On the left, the box on the left is the lower quartile.
In between the right and left of the box is the median, which seperates the upper quartile by the lower quartile.
Finally, we have the dot farthest to the left, which is the minimum.
So on our box and whisker chart, lets look at the dot farthest to our left, since thats the minimum.
<u>This should be 36.</u>
Hope this helps! ;)
Answer:
The item is identifiable and lacks physical substance.
Explanation:
Intangible asset: Intangible asset is that asset which cannot be seen or even touched. It has no physical existence.
Example: Goodwill, patents, trademarks, copyrights and other intellectual properties
In these types of assets, amortization is charged instead of depreciation.
It neither used for production, nor its gains any scientific or technical knowledge, and its value neither measure reliability
Hence, option a is correct
