Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 23, 2024

A company has current assets of $90,000 and its current ratio is 2.5. Assume that the company prepays rent for 9 months in the amount

A company has current assets of $90,000 and its current ratio is 2.5. Assume that the company prepays rent for 9 months in the amount of $4,000. The current ratio after this transaction is closest to: A. 2.39 B. 2.69 C. 2.50 D. 2.81

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Text Problems And Cases

Authors: M Y Khan, P K Jain

6th Edition

125902668X, 978-1259026683

More Books

Students also viewed these Accounting questions

Question

★★★★★

Cineole is the chief component of eucalyptus oil; it has the molecular formula C10H18O and contains no double or triple bonds. It reacts with hydrochloric acid to give the dichloride shown: Deduce...

Answered: 1 week ago

Question

★★★★★

The orthogonality of normal functions of the longitudinal vibration of a bar is given by a. $\int_{0}^{l} U_{i}(x) U_{j}(x) d x=0$ b. \(\int_{0}^{l}\left(U_{i}^{\prime} U_{j}-U_{j}^{\prime} U_{i}...

Answered: 1 week ago

Question

★★★★★

Considering the questions raised in Box 6.1, when, in your opinion, should the outcome of psychotherapy be measured?

Answered: 1 week ago

Question

★★★★★

Kaiser Company purchased a building and land with a fair market value of $ 500,000 (building, $ 400,000 and land, $ 100,000) on January 1, 2014. Kaiser signed a 20-year, 6% mortgage payable. Kaiser...

Answered: 1 week ago

Question

★★★★★

What are the monetary policy tools used by the Federal Reserve and How monetary policy changes affect key economic variables?

Answered: 1 week ago

Question

★★★★★

Create a Situation Analysis for Amazon.com. Use the information listed, as well as your own knowledge and research, to complete the provided situation analysis template. 1.Target Customers/Users Who...

Answered: 1 week ago

Question

★★★★★

Two PFC Channel2 are welded together to form the composite section as shown in Figure (a). The channel properties are given in Figure (b) where x and y indicate centroidal axes. a) Figure (a) y....

Answered: 1 week ago

Question

★★★★★

step a = 7 minutes , Step B = 3 minutes, Step C 10 minutes, Step D = 6 minutes, Step E = 5 minutes If you could add one more resource to one of the steps (assuming each step is currently being done...

Answered: 1 week ago

Question

★★★★★

Given the following PMF: Px(k) = LA LT 18 12 0 for k = 1 for k = 2 for k = 3 for k = 4 otherwise (a) Find and plot the CDF. (b) Find Var(X) (c) Let Y = 2/X. Find E[Y]

Answered: 1 week ago

Question

★★★★★

On January 1 , Year 1 , Marino Moving Company paid $ 4 8 , 0 0 0 cash to purchase a truck. The truck was expected to have a four year useful life and an $ 8 , 0 0 0 salvage value. If Marino uses the...

Answered: 1 week ago

Question

★★★★★

FE/EIT - Static analysis of a wheel (spool) pulled by a rope (See spool dynamics in Hw 15.5). The figure to the right shows a rigid body B consisting of an axle and wheel. One end of a thin...

Answered: 1 week ago

Question

★★★★★

In what ways can confl ict enrich relationships?

Answered: 1 week ago

Question

★★★★★

How do listening and hearing diff er?

Answered: 1 week ago

Question

★★★★★

How does eff ective listening diff er across listening goals?

Answered: 1 week ago

Previous Question Next Question