E3-18 (Page 152) Determine the following 2011 balance sheet items: 1. Current assets 2. Shareholders’ equity 3. Non-current assets 4. Long-term liabilities Solution 3-18 1. Acid-test ratio = Quick assets ÷ Current liabilities =1.20 Quick assets = Current assets - Inventories Quick assets = Current assets - $840‚000 Current assets ÷ Current liabilities =2.25 Current assets - $840‚000 ÷ Current liabilities =1.20 $840‚000 ÷ Current liabilities = 1.05 Current liabilities = $800
Premium Balance sheet Generally Accepted Accounting Principles Asset
Department of Sociology Sociology 201 Second Examination Prep Questions 1. True or False? The theory of primordialism in your text is the same as the biological theory of racial crime by van den Berghe that we discussed in class. A. True. B. False. 2. The petite bourgeoisie to Marx is the _____ to Wright. A. Bourgeoisie. B. Proletariat. C. Managerial class. D. Small business owners. E. Lumpenproletariat. 3. According to Matthews‚ the _____ is the most likely to be happy
Premium Sociology Max Weber Science
TUI UNIVERSITY Module 1 SLP ACC 202 Managerial Accounting The organization that I have chosen for this assignment is the Army Emergency Relief (AER) program. AER is the Army ’s own emergency financial assistance Program. The main purpose of AER is to ensure that its service members are able to take care of themselves and their family members in the event of emergencies‚ educational needs‚ health expenses‚ rent/mortgage‚ food/utilities and funeral expenses. AER
Premium Management Sociology Economics
Name: Rochonna Shaw Modules 1 & 2 How to submit: 1. Click on ASSESSMENTS 2. Click on Module 2 Reflection Journal 3. Copy and Paste your Journal into the Student Comments Section 4. Click “Submit for grading” AND “Submit” Module 1: Driving is Your Responsibility: Please answer the following questions in complete sentences using proper spelling and grammar: Complete the K-W-L information below. K- What you Know List two things you know about driving. 1. I know that you should
Premium English-language films Traffic law
Module B General Ethics ● Ethics is a branch of philosophy which is the systematic study of reflective choice. There are three key elements ○ involves questions requiring reflective choice (decision problems) ○ involves guides of right and wrong (moral principles) ○ is concerned with the consequences (good or bad) of decisions ● Problem situation exists when we must make a choice among alternative actions and right choice isn’t always clear. ● Ethical problem situation is one where choice of actions affects wellbeing of others
Premium Ethics Decision making
Before Chrysler merged to become DaimierChrysler AG‚ they were presented with a takeover bid of $55 per share by MGM billionaire Kirk Kerkorian and former Chrysler chairman Lee Iacocca. Kirk Kerkorian was a stockholder in Chrysler and an experienced takeover financier who apparently found Chrysler to be a good buy. Chrysler rejected the offer‚ however‚ stating that the firm was not for sale. Further‚ many Wall Street experts felt that Kerkorian could not come up with the $20 billion necessary to
Premium Generally Accepted Accounting Principles Balance sheet Financial ratios
Carlton Phillip Intro to Management Information System Module 5 Discussion: E-Business and Entrepreneurial Functions Why is there a trend toward cross-functional integrated enterprise systems in business? Why would systems that enhance a company’s relationships with customers have such a high rate of failure? 1. The benefits that an organization receives by the cross-functions system are as follows‚ it allows the organization to be a little more cost effective which makes the
Premium Management Supply chain management Marketing
| |PA 201 – Mid-Term Exam Question Pool | | | | | |Multiple Choice: | | |
Premium Law United States Political philosophy
Through the duration of the first three weeks of the accounting 291 course learning team A has acquired knowledge of different accounting methods. The three main objective during week three include stocks that corporations issue such as common stock‚ preferred stock‚ and treasury stock. Learning team A also discovered methods to tell the stocks apart through their differences. The second main point that week three spoke about was calculate stocks‚ dividends‚ and split stocks and their definitions
Premium Finance Management Economics
Auditing and Assurance Services Thirteenth Edition Global Edition Alvin A. Arens Randal J. Elder Mark S. Beasley [pic] Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul
Premium Auditing Copyright Accounts receivable