Increased taxes are not a result of the federal government spending more
than it earns. The correct answer between all the choices given
is the last choice. I am hoping that this answer has satisfied your query and
it will be able to help you in your endeavor, and if you would like, feel free
to ask another question.
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
Sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product
Answer:
Debit Credit
Trade payable $300
Cash $300
Explanation:
First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:
Debit Credit
Trade payable $300
Cash $300
Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:
Debit Credit
Trade payable $300
Cash $300
Answer: $1,031 million
Explanation:
Given that,
Retained earnings(2010) = $14,329 million
Retained earnings(2009) = $13,157 million
Net income(2010) = $2,203 million
Amount of dividends = Retained earnings(2009) + Net income(2010) - Retained earnings(2010)
= $13,157 million + $2,203 million - $14,329 million
= $1,031 million
Therefore, amount of dividends did Colgate-Palmolive pay to its shareholders in 2010 is $1,031 million.
