Answer:
the quick ratio is 1.4 times
Explanation:
The computation of the quick ratio is given below:
Quick ratio is
= (Cash + Accounts receivables) ÷Current liabilities
= ($120,000 + $80,000) ÷ $140,000
= 1.4 times
hence, the quick ratio is 1.4 times
The same should be considered and relevant
Answer:
False is the correct answer.
Explanation:
<span>Part 1a:
</span>
<span>the transactions that create expenses for valdez services are:
a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies.
b. the company paid $1,233 cash for the just completed two-week salary of the receptionist.
c. the company paid $39,200 cash for equipment purchased.
d. the company paid $870 cash for this month's utilities.
</span>
Part 1b:
The <span>general journal entries recording the transactions of Valdez services is attached.
Part 2.
</span>
<span>The income statement of Carmen Camry for the August is attached.
Part 3:
The statement of owner's equity of Carmen Camry for August is attached.
Part 4:
</span>The <span>general journal entries recording the transactions of Hannah Venedict is attached</span>
Answer:
$350,000
Explanation:
total intangible assets:
Copyrights $2,000,000 (amortizable)
Goodwill $4,500,000 (not amortizable)
Patents $1,500,000 (amortizable)
Trademarks $1,000,000 (not amortizable)
since you can only amortize copyrights and patents, total amortization expense for the year = ($2,000,000 + $1,500,000) x 10% = $350,000
both trademarks and goodwill can be impaired though (impairment costs are evaluated on a yearly basis).
Hello.
The answer is
<span>work in adverse conditions
</span>Employees working in the petroleum industry in Alaska might be receiving higher wages based on the fact that their careers require them to <span>work in adverse conditions.
Have a nice day</span>