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Alekssandra [29.7K]
2 years ago
5

American Enterprise Company's total current assets were $12,000 and its total current liabilities were $4,000. If American Enter

prise issues a short-term note to a bank for $2,000 cash Multiple Choice American Enterprise's total working capital will increase while its current ratio will decrease. American Enterprise's total working capital will increase and its current ratio will increase. American Enterprise's total working capital will remain constant while its current ratio will decrease. American Enterprise's total working capital will decrease while its current ratio will increase.
Business
1 answer:
Arte-miy333 [17]2 years ago
7 0

Answer:

-+#!! jjjskksnki jimsm

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Chen Company's account balances at December 31, 2017 for Accounts Receivable and the Allowance for Doubtful Accounts are $800,00
Hatshy [7]

Answer:

B) $27,500.

Explanation:

The computation of the amount credited to the allowance account is shown below:

= Sales during the 2017 year × estimated  uncollectible percentage

= $2,750,000 × 1%

= $27,500

By multiplying the sales with the estimated  uncollectible percentage we can get the amount credited to the allowance account and the same is to be considered

Hence, the correct option is B

6 0
3 years ago
If Company A has a shareholders' deficit, which of the following can it do to improve its debt-to-equity ratio?
sertanlavr [38]

Answer:

sell off part of its inventory and or equipment

Explanation:

Debt/Equity=  

Total Shareholders’ Equity /

Total Liabilities

​  

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6 0
2 years ago
As time passes, fixed assets, other than land, lose their capacity to provide useful services. To account for this decrease in u
natta225 [31]

Answer:

depreciation

Explanation:

Based on the information provided within the question it can be said that the term that is being described in this question is called depreciation. This is the reduction in the value of an asset as time goes by, and is mainly due to the fact that the asset experiences wear and tear and is not in the same condition as it was when it was purchased, therefore there is less demand for it.

6 0
3 years ago
Which fast food chain did forrest and leroy raffel start in 1964?
Nikitich [7]

They started Arby's. Thank you for coming to brainly and I hope I was able to answer your question.

3 0
3 years ago
In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600,
stepladder [879]

Answer:

Talikastan's exports in 2015 is $ 300.

Explanation:

This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.

GDP  = consumption + investment +  spending + (exports – imports)

8800 = 5300 + 2000 + 1800 + export - 600

Export = $ 300

3 0
3 years ago
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