Bassell Enterprises has long-term assets of $800, current liabilities of $500, and long-term liabilities of $600. If the current ratio is 2.5, then current assets must be:
A) $2,000.
B) $1,250.
C) $ 625.
D) $ 200.
B
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a. net income plus interest expense, divided by interest expense b. income before income tax plus interest expense, divided by interest expense c. net income divided by interest expense d. income before income tax divided by interest expense
Define and contrast digital certificate and digital signature
If a company failed to make the end-of-period adjustment to move the amount of management fees that were earned from the Unearned Management Fees account to the Management Fees Revenue account, this omission would cause:
A. An understatement of liabilities. B. An overstatement of net income. C. An overstatement of equity. D. An overstatement of assets. E. An overstatement of liabilities.
What acquires raw materials and resources and distributes them to manufacturing as required?
A. Inbound logistics B. Cradle to grave C. Outbound logistics D. Logistics