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Alisiya [41]
2 years ago
13

A company's current assets are $26,420, its quick assets are $15,090 and its current liabilities are $12,520. Its acid-test rati

o equals:
Business
1 answer:
Debora [2.8K]2 years ago
8 0

Answer: 1.21

Explanation:

Acid test ratio is also referred to as the quick ratio and it is calculated as:

Acid-Test Ratio = Quick Assets / Current Liabilities

where,

Quick assets = $15090

Current liabilities = $12520

Acid test ratio = $15090 / $12520

= 1.2052

= 1.21

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7 0
2 years ago
Branch Corporation issued $5 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at
defon

Answer:

Journal Entry

March 1

Dr. Cash                                     $4,550,000

Dr. Discount on Note Payable $450,000  

Cr. Note payable                      $5,000,000

December 1

Dr. Interest Expense                 $450,000

Cr. Discount on Note Payable $450,000  

Dr. Note payable                      $5,000,000

Cr. Cash                                     $5,000,000

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Note payable is document which is payable after a specific period of time.

Note Payable is recorded at the present value of the note face value. We need to discount the face value of the note first.

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3 years ago
When partners representing multiple jurisdictions or agencies work together to establish the Internet objectives, what type of c
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In a Unified Command, members representing multiple jurisdictions and agencies work together to establish: the Internet objectives.

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Answer: See explanation

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1. How should a consumer seek remedy once they have experienced unfair financial practices?

D Take steps to properly file a dispute and engage an advocate to handle their case.

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D. They should use and regularly update an antivirus program to protect their personal information.

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