Answer:
Explanation:
Question 27
If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.
Question 28
Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?
C. Accounts receivable are collected in cash.
Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.
It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.
Answer:
Turbotax
Explanation:
it's easy to use especially for first timers.
Answer:
The correct answer is 11.28%
Explanation:
Solution
Recall that:
Investment center A Investment center B
Investment center income $ 530,000 $ 640,000
Investment center average
invested assets $ 4,700,000 $ 3,100,000
Now,
We calculate for return on investment (ROI) for Investment Center A
The ROI A=Investment center income/Average invested assets which is
= (530000/4,700,000)
=11.28%
Answer:
likelihood that disputes will arise under their contract is reduced.
Explanation:
One of the advantages of entering into a partnering agreement is that the likelihood that disputes will arise under their contract is reduced. This is mainly due to the fact that the agreed upon contract contains all the rules and regulations that both entities have agreed to follow. Therefore if there is any difference in decision the contract can be brought up and must be followed.
Exit the roadway. Hope this helps!
