Answer:
0.74
Explanation:
Jones corporation reported a current assets of $196,000
The current liabilities is $138,500
The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900
Therefore the quick ratio can be calculated as follows
= cash + account receivables
= $61,000 + $42,100
= $103,100
$103,100/$138,500
= 0.74
Hence the acid test(quick ) ratio is 0.74
Real estate experts should not provide advice
on tax implications. this is because to offer such an advice the expert need training and knowlidge on state and federal tax laws. Tax laws are complex and varies from state to state which requires a considerable high level training. ina ddition, the laws keep on changing as new budgets are read,and the expert may not be conversant with any change.
Answer:
Identifying and typing resource
Explanation:
Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.
The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.
Resources are the categories of the typing through the capability, the mobilized the incident management and the response.
Therefore, the identifying and the typing resource is the resource management activity.
Answer: C. $150,000 credit
Explanation:
In the financial statements for year 2, it should be noted that the year 1 retained earnings balance, should be adjusted by $150,000 credit.
The corrections of errors should be treated as the period adjustments before. In this case, the $150,000 overstatement for the cost of goods that was sold in the previous year, will then be credited to the beginning balance of the retained earnings.
Therefore, the correct option is C.
Answer:
The correct answer is letter "A": the government passes a universal tax credit to stimulate consumer spending during an economic downturn.
Explanation:
Fiscal policy refers to the collective governmental decisions concerning taxation and spending of a nation. The term fiscal policy is identified with the British economist John Maynard Keynes (1883-1946) who claimed that governments could control rates of macroeconomic growth by doing things like <em>raising the rate of employment, battling inflation </em>and<em> flattening business cycles</em>.
Thus, <em>a governmental universal tax credit to boost consumption is likely to be taken care of a fiscal policy.</em>
