Define business casual
You are not required to wear a suit or any formal attire. Khaki pants, a conservative sweater, tailored shirt, skirt, and casual close-toed shoes are fine.
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Typically the classification known as readily available refers to investments that are converted into cash in _______________ months or less
Fill in the blank(s) with correct word
Compare and contrast line extensions and product modifications.
What will be an ideal response?
Which of the following adjustments would not be described as an accrual?
A. Recording insurance expense relating to insurance premiums that were paid in advance. B. Recording operating expenses that have been incurred but not paid as of the end of the accounting period. C. Recording salary expense that has been incurred but not paid as of the end of the accounting period. D. Recording interest that has been earned but will not be collected until the next accounting period.
Gates, Inc. and Markham, Inc. each had the same financial position on January 1, Year 2. The following is a summary of each of their balance sheets on that date: Current assets$330,000 Non-current assets 2,970,000 Current liabilities 165,000 Non-current liabilities 1,815,000 Common stock 907,500 Retained earnings 412,500 Gates is about to raise $200,000 in cash by issuing bonds. Markham is going to raise $200,000 on the same day by issuing common stock. Immediately after these transactions, which of the following statements will be correct?
A. Gates' debt to asset ratio will be higher than Markham's. B. Gates' current ratio will be lower than Markham's. C. Gates' debt to asset ratio will be lower than Markham's. D. Gates' current ratio will be higher than Markham's.