Answer:
$1,200,000
Explanation:
The computation of the accrued interest is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $48,000,000 × 10% × (3 months ÷ 12 months)
= $1,200,000
We simply applied the simple interest formula by considering the principal amount, rate of interest and the number of months so that the correct amount could come
Advertisers need to consider the amount of expense it needs for marketing inclusive of spend and loss, the current state of the mobile channels including service providers and electronic devices for communication, the amount of traffic needed and the market.
Some common examples of short-term investments include CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills. Usually, these investments are high-quality and highly liquid assets or investment vehicles.
Cash 15000
Short-term investments 5000
Accounts Receivable 8000
Inventory 20000
Other current assets 6000
Total current assets 54000
Current Ratio
Choose Numerator / Choose Denominator = Current Ratio
Current Assets / Current Liabilities = Current Ratio
54000 / 20000 = 2.7 to 1
2
Acid-Test ratio
Choose Numerator / Choose Denominator = Acid-Test ratio
Cash + Short-term investments + Current Receivables / Current Liabilities = Acid-Test ratio
15000 + 5000 + 8000 / 20000 = 1.4 to 1
Learn more about Short-term investments here
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