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solong [7]
2 years ago
7

rialto company collected $5,000 on account. what impact will this transaction have on the firm's current ratio

Business
1 answer:
VikaD [51]2 years ago
7 0

Answer:

There would be NO IMPACT

Explanation:

From the question, we are informed about, rialto company collected $5,000 on account. In this case there will be no impact of this transaction on the firm's current ratio. The collection on account can be regarded as exchange of asset transaction, any increase change in current asset account cash, then there will be decreases in Accounts Receivable , the ration of current asset to current liabilities gives the current ratio, there is no impact of transaction on the current ratio, since the transaction doesn't affect both the

current asset to current liabilities

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Answer:

Gadget will have higher earning.

Explanation:

Price Earning Ratio is the ratio of Market price to the earning per share. PE Ratio measure the effect of earning over the market price of the company.

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7 0
2 years ago
Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit o
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Answer: $3,940

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4 0
2 years ago
Given some of the apparent problems with Wilkerson’s cost system, should executives abandon overhead assignment to products enti
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Answer:

Current issues in the framework by regarding fabricating costs as a period cost  

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Increasingly exact impression of the inconstancy of the sources for example on the off chance that there are five factors, it is more precise than one.  

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2 years ago
Question #5
Svetradugi [14.3K]

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2 years ago
When did England begin using interest as we know it today?
balu736 [363]

Answer: Britain has been offering interest rates since the 18th century.

Explanation:

Over the decades, interest rates offered by British banks have fluctuated. During the eighteenth century, that interest rate varied between 4 and 5%. During the 19th century, the interest rate ranged between 4 and 10%. This policy experienced many fluctuations during the 20th century and during that period formed the form as we know it today. In the late 1970s, the interest rate in Britain was the highest at 17%. The government justified this move as the only mechanism in the fight against inflation. This was followed by years of varying interest rate turbulence in Britain. According to the information available in 2007. by 2017, the interest rate in Britain has fallen significantly and stands at 5.75%, which is the lowest rate in recent centuries. Interest history is almost as old as civilization. The first vestiges of interest can be traced back to the Babylonian culture when interest was calculated based on wheat and other goods.

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