Marvel Incorporated guarantees the quality of its services Marvel earned 150.000 cash revenue from services...
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Marvel Incorporated guarantees the quality of its services Marvel earned 150.000 cash revenue from services in 2020. The company estimates that future any lambe revenue. During 2020. Marvel paid 5800 cash on warranty claims. Based on this information the amount of net income and the nut change in cash for 2020 would be 4.545.200 / 49.200 b. $49.200/547.500 c 547 500/$47,500 Od 547.500/$49.200 Here is Creative Company's Balance Sheet as of 12/31/20: Current Assets $10,000 Long Term Assets $20,000 Total Assets $30,000 Current Liabilities Long Term Liabilities Total Liabilities $ 5,000 $15,000 $20,000 Equity Total Liabilities & Equity $10.000 $30,000 What is Creative Company's current ratio as of 12/31/20? O a. 2.0 to 1.0 O b. 1.5 to 1.0 O c. 2.5 to 1.0 d. 3.0 to 1.0 Which of the following lists includes items which would all be classified as current liabilities on a classified balance sheet? O a. Accounts payable, long term notes payable, and salaries payable. b. Wages payable, interest payable, and accounts payable. O c. Salaries payable, bonds payable, and supplies. O d. Supplies, accounts payable, and taxes payable
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