Examlex
Mitchell Corporation has current assets of $1,600,000 million and current liabilities of $750,000.If they pay $350,000 of their accounts payable, what will their new current ratio be?
Saving
The portion of income not spent on consumption but reserved for future use, often placed in banks, investments, or other financial instruments for growth.
Disposable Income
The money that remains for savings and expenses after income tax deductions from a person's or family's earnings is the disposable income.
APS
Average Propensity to Save, the proportion of total income that is saved by a household or economy.
Saving
The act of setting aside a portion of income for future use, typically in a bank account or other secure investment.
Q2: A paid dividend<br>A)decreases assets and stockholders' equity.<br>B)increases
Q19: Crawford Company started the year with $60,000
Q90: The factor 1.0609 is taken from the
Q108: A decrease in a liability account is
Q113: In horizontal analysis, the percentage of a
Q120: Working capital is<br>A)calculated by dividing current assets
Q122: Valuing assets at their fair value rather
Q147: Hazel Company has just purchased equipment that
Q172: Transactions are recorded in alphabetical order in
Q181: A T-account is<br>A)a way of depicting the