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3 years ago

Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.)

Business

2 answers:

Ierofanga [76]3 years ago

7 0

Answer:

Can you plssssssssssss help me

Can you do plsssssssss help me

JulijaS [17]3 years ago

7 0

Answer:

needs further explanation

Explanation:

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Private ownership differs from state ownership in that in private ownership _____.

MAVERICK [17]

Answer:

The correct answer is letter "A": maximizing profits is the primary objective of a firm.

Explanation:

Business private ownership mainly focuses on providing a good or service to a specific or diverse market with the ultimate goal of maximizing profits. Revenue is the reason why those companies exist. On the other hand, state property has the objective of protecting jobs and minimizing social issues.

5 0

3 years ago

You work for Amazon and you are charged with building consumer awareness for the latest version of the firm’s Kindle reader. Wha

Damm [24]

Answer:

Rich media display campaign

Explanation:

I will run the rich media display campaign. This is a digital advertising method that uses ads with features that includes, videos, audio, etc, that may interest viewers to be engaged with my content. An ad like this will give room for my audience to be involved through the ad. The consumers are likely to take different forms of action after going through an ad like rich media compared to others.

3 0

3 years ago

ABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank

trapecia [35]

Answer:

Total Asset = $2,598,200

Explanation:

Accounting equation : Asset = Equity + liabilities

Equity =common stock + retained earnings

= ( 5000*$400) + (40000 - 1800)

= $2,000,000 + 38200

= $2,038,200

Liabilities = $240,000 + 320000

= $560,000

Total Equity and Liabilities = 2038200 + 560000

= $2,598,200

double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.

6 0

3 years ago

Read 2 more answers

Whereas the job description focuses on the activities involved in carrying out a job a job specialization looks at the qualities

Hunter-Best [27]

Based on how they carry out the effort and how well they perform the task at hand

3 0

3 years ago

At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubt

olasank [31]

Answer and Explanation:

The journal entries are shown below:

a. Account receivable Dr $864,300

To Sales revenue $864,300

(Being the sales revenue is recorded)

Cash Dr $687,610

To Account receivable $687,610

(Being the collections is recorded)

2. Allowance for doubtful debts $6,804

To Account receivable $6,804

(Being the written off amount is recorded)

3. Account receivable Dr $3,219

To Allowance for doubtful debts $3,219

(Being the previous written off amount is recorded)

Cash Dr $3,219

To Account receivable $3,219

(Being the recovery is recorded)

4. Bad debt expense $18,075

To Allowance for doubtful debts $18,075

(Being the bad debt expense is recorded)

The computation is shown below:

= $24,000 - $9,510 + $6,804 - $3,219

= $18,075

Only these entries are recorded

3 0

4 years ago