Answer:
1.5
Explanation:
Current ratio = current asset/current liabilities
This ratio is used to determine how quickly the current assets can be used to settle the current liabilities as they fall due.
current assets = $120,000
current liabilities = $80,000
The firm's current ratio = $120,000/$80,000
= 1.5
The answer is fales hope i helped
The court did not uphold the injunction because the property on which Mcpherson wants to build the Gas station that belongs to Mcpherson has the right to build a gas station on that so Mcpherson challenged this decision any upper court.
<h3>
What is an Injunction?</h3>
An injunction is a legal order requiring a person or entity to either cease doing or else start doing some specific action or task.
Thus, in this case, Mcpherson can challenge the lower court's decision in the upper court that prevents him from making a gas station on land that belongs to him.
Learn more about Injunction here:
brainly.com/question/18635611
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Answer:
Rice Co.
Journal Entries:
April 5:
Debit Inventory $28,000
Credit Accounts Payable (Jax Company) $28,000
To record the purchase of goods, terms 2/10, n/30.
April 6:
Debit Freight-in Expense $700
Credit Cash Account $700
To record the payment of freight costs for goods purchased from Jax Company.
April 7:
Debit Equipment $30,000
Credit Accounts Payable $30,000
To record the purchase of equipment on account.
April 8:
Debit Accounts Payable (Jax Company) $3,600
Credit Inventory $3,600
To record the return of goods to Jax Company.
April 15:
Debit Accounts Payable (Jax Company) $24,400
Credit Cash Discount $488
Credit Cash Account 23,912
To record the full settlement on account.
Explanation:
Rice Co's journal entries are made on a daily basis as transactions occur. They show the accounts to be debited and the ones to be credited in the general ledger. Journal entries are the initial records of transactions made by the company in its accounting system.
In this question, it describes a culture that is low in
institutional collectivism. Institutional collectivism is a practice that gives
rewards to the action that gives positive results. In low institutional
collectivism, it shows that an individual gives an effort to reach its goal.
