Answer:
1.2
Explanation:
current ratio = current assets / current liabilities
- current assets = cash ($5,000) + accounts receivable ($15,000) + inventory ($40,000) + prepaid insurance ($3,000) = $63,000
- current liabilities = accounts payable ($15,000) + notes payable in 5 months ($12,500) + salaries payable ($25,000) = $52,500
current ratio = $63,000 / $52,500 = 1.2
Answer:
January 1, 2021, building purchased
Dr Building 420,000
Cr Cash 100,000
Cr Notes payable 320,000
Explanation:
The building account (asset) must be recorded at the purchase cost. The mortgage is considered a note payable (long term liability), while the cash account (asset) decreases, therefore, it must be credited.
Answer:
Explanation:
Social business tools like networking and shared workspaces are important for global companies because they allow far-flung coworkers to collaborate and do their work more effectively.
2. Benefits include greater productivity, quicker decision making, and improved customer service. Every types of employees gets different benefits.
3. Cemex is a world wide company with several thousands of employees in more than 49 countries. A company-wide social network allowed employees around the globe to share ideas and collaborate with each other. This will lead to a new product creation.
4. If employees do not get good training on how to use social media, they may harm the company or its brand. If employees does not see the essence in a collaborative workplace, social initiatives may not work.
I looked up the question, since this one is incomplete. I've attached an image of the correct chart. Elvis' marginal benefit of the fourth sandwich is his total benefit of eating 4 sandwich minus his total benefit from eating 3 sandwiches.
Looking at the chart, we see that this gives us 81-75 = 6.
Therefore, the Marginal Benefit of a fourth sandwich is 6.
Answer:
Date General Journal Debit Credit
Debt investment 8850
Cash 8850
Dec 30 Cash 7000
Debt investment 6500
Gain on sale of investment 500
Explanation:
