Answer:
2.32
Explanation:
Current ratio is a financial ratio that shows how many times the company's current assets can be used to settle the company's current obligations.
It is given as
Current ratio = current asset/current liabilities
Current assets = $102,000
Current liabilities = $44,000
Therefore,
Current ratio = $ 102,000/$44,000
= 2.32
The two different ways in which we usually express information about the demand for a good service or resource are the demand schedule is equal to the demand curve.
Explanation:
Demand refers to a consumer's appetite and willingness to buy products and services and to pay the price for a particular good or service. Keeping all the other variables steady will decrease the amount required by increasing the price of a good or service and vice versa.
Usage means the potential of consumers to buy goods and services at certain prices.
It can be either market demand for a particular commodity or aggregate demand for all products in such an economy.
Demand decides, in conjunction with supply, the actual cost and the quantity of goods which increase in value on the market.
Answer:
Explanation:
Given that:
Kathleen Reilly and Ann Wolf decide to form a partnership on August 1
NOW:
Reilly invested land valued at $100,000, a Building valued at $300,000 and a note payable worth $198,000.
Similarly:
Wolf invested $60,000 in cash and $105,000 in equipment in the new partnership.
The objective of this question is to prepare the journal entries to record the two partners original investments in the new partnership.
.Since the partners agreed to be equally capital interest in their business.
SO let's an imaginary table for that and our data for the journal entries is being computed as follows:
DATE GENERAL JOURNAL DEBIT CREDIT
August 1 Land $100,000
Building $300,000
Note payable $198,000
Kathleen Reilly, Capital $202,000
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August 1 Cash $60,000
Equipment $105,000
Ann Wolf, Capital $165,000
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The impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the inflow of foreign financial capital as well as a better exchange rate.
<h3>How can budget deficit have effect on trade balance?</h3>
When there is a stronger exchange rate there will be a little bit difficult for all the exporters that want to sell their goods to foreign countries, and at this time the imports will become cheaper.
In this case, trade deficit will definitely bring about an inflow of foreign financial capital as well as a good exchange rate.
Learn more about budget deficit on:
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Answer:
D) Cost of goods sold to be understated and net income to be overstated
Explanation:
At the time when the beginning balance of the inventory is understated so there is a decrement in the cost of goods sold due to which there is a rise in the net income
Therefore in the given case at the time when there is an understatement of beginning inventory so there is a understated of cost of goods sold and the overstated of the net income
Hence, the option D is correct