when a person intentionally deceives another person or company for personal gain, this is referred to as

Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net income was $25,000. Sales on acco

NARA [144]

The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.

<h3>What is Current ratio?</h3>

= Current Assets / Current Liabilities

= 145,000 / 50,000

= 2.9

<h3>What is Accounts receivable turnover?</h3>

= Net sales / Average Accounts Receivable

= 375,000 / )(70,000 + 60,000) / 2)

= 5.76923076923

= 5.77

<h3>What is Average collection period?</h3>

= 365 Days /Average Receivable Turnover ratio

= 365 / 5.77

= 63.2582322357

= 63 days

Read more about Current ratio

<em>brainly.com/question/2686492</em>

8 0

2 years ago

What is the difference between being overstaffed and overhired

sp2606 [1]

Overstaffed is "having more members of staff than are necessary" and overhired is "hiring too many employees".

6 0

3 years ago

At the beginning of a recent year, JetBlue's assets were $6,549 million and its equity was $1,546 million. During the year, asse

Simora [160]

Answer:

Thus, the JetBlue's equity at the end of the year is $1,654 million

Explanation:

In this case, the accounting equation is used.

Accounting equation means the equation which shows double accounting entry system. Double accounting means debit side and credit side. In this accounting equation, the total assets is equal to total liabilities + total equity.

Total Assets = Total Liabilities + Total Equity

$6549 = Total Liabilities + $1,546

Total Liabilities = $5,003 million

In the question the assets is increased by $44 million whereas liabilities is decreased by $64 million.

So,

Updated asset value = $6,549+$44

= $6,593 million

Updated liabilities value = $5,003 - $64

= $4,939 million

So, the ending equity value will be

= Ending assets - Ending liabilities

= $6,593 million - $4,939 million

= $1,654 million

Thus, the JetBlue's equity at the end of the year is $1,654 million

7 0

3 years ago

Which branch of government has exercised the most power regarding race to the top, common core standards, and its assessments? w

Ierofanga [76]

For the first question, the answer is the judicial branch of the government since it is the one who ordain and establishes. The Judicial branch construes the laws. The judiciary also offers a tool for the resolution of arguments.

For the second question, the answer is the executive branch of the government. The executive is the structure exercising authority in and holding accountability for the power of a state. The executive implements and imposes law.

4 0

3 years ago

Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J

katrin [286]

Answer:

formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

In contract, outward expressions refers to a situation when both parties has directly communicate the terms of a certain transaction and agreed upon it.

The contract is considered as 'valid' and considered to be a verbal agreement as soon as Rachel proposed a price and Julius agreed upon it.

One thing to remember, Even though this contract is considered as valid , it would be hard for Julius to held Rachel accountable to court since he has no way to proof that the verbal agreement has been made.

8 0

3 years ago