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What is the difference between assets and fixes assets?
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
If current assets are 150 total assets are 350 current liabilities are 65 and total liabilities are 100 what is the current ratio rounded to two digits?
The Asset/Liability Ratio is one of the easiest to figure: Current Ratio = Current Assets/Current Liabilities According to your question that should be: Current Ratio = 150 / 65 Current Ratio = 2.31 (rounded to two digits)
What is core current assets?
Core current assets are the essential assets, without which a company can not function. Since these assets are crucial to the survival of the company, they are usually not sold to raise cash. This implies two things. Firstly, the core current assets are not liquid and secondly, if a company is selling core current assets to raise cash, it is in dire situation or even close to bankruptcy.
When determining whether to record an asset as a fixed asset what two criteria must be met?
fixed assets or non-current assets are: 1. not consumable within one year 2. cannot be easily converted into cash
What are current assets and current liabilities?
As a individual taxpayer any thing that you own is a current personal asset.An individual taxpayer can also have some business assets to be counted you would add the value of all of those items and you will have the amount of your current assets.Your current liabilities would be the total value amount of ever dollar that you owe to any one currently. You would add those numbers together and you would have your current liabilities.I had to answer this with a more suitable answer. In accounting assets are anything of value a company owns. There are generally two classes of assets, current and long-term (aka fixed).Current assets are any assets that can be reasonably liquidated into cash within a set time frame, usually a year or less.Long-term (or fixed) assets are assets that would take much longer to convert to cash (or to liquidate) this is generally listed under PP&E (property, plant, and equipment)The same rules apply to current liabilities, with the exception of the fact that your company "owes". A liability is anything your company owes to another.Current liabilities are any liabilities that you can expect to pay off in a certain amount of time, one year or less.Long-term liabilities are liabilities that can not be reasonably expected to be paid off in a year or less, this can include mortgages, notes payable for things such as vehicles, etc.
What are the two classifications of assets?
current & non-current
What is a measure of liquidity?
the two ratios that measure liquidity is acid test and current ratio. the acid test ratio is current assets- stock/ current liabilities the current ratio is current assets/ current liabilities
What is the difference between assets and fixes assets?
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
If current assets are 150 total assets are 350 current liabilities are 65 and total liabilities are 100 what is the current ratio rounded to two digits?
The Asset/Liability Ratio is one of the easiest to figure: Current Ratio = Current Assets/Current Liabilities According to your question that should be: Current Ratio = 150 / 65 Current Ratio = 2.31 (rounded to two digits)
What is core current assets?
Core current assets are the essential assets, without which a company can not function. Since these assets are crucial to the survival of the company, they are usually not sold to raise cash. This implies two things. Firstly, the core current assets are not liquid and secondly, if a company is selling core current assets to raise cash, it is in dire situation or even close to bankruptcy.
What are the classifications of assets?
Current Assets (expected to be used/collected within one year)- Cash- Accounts Receivable- Short-term Notes Receivables- Merchandise Inventory- Marketable SecuritiesLong-term Assets (expected to be used by the business for periods over one year)- Equipment- Factories/Plants- Property/Land- Long-term Notes Receivables- Long-term investments- Intangible Assets (patents, trademarks, goodwill)
What are the kingdoms with two important characteristics?
the kingdoms with two important characteristics are the phylomunus and the multicellar family. Depends on what characteristics you are referring to but those are generally different
How do you figure out average total asset?
(total assets current year + total assets prior year)/2 total assets current year plus total assets prior year then divide that total by two to find the average. Dont over-think this.
What cause of two year different current assets?
Normal business operation will cause the differences in two years of current assets. Any company in business is in business to earn money, therefore current assets are constantly changing with purchses, sales, etc. If current assets constantly stayed the same from year to year, then the business would not be doing much turnover and would be bankrupt very quickly.A merchandising business for example buys and resales merchandise, therefore they purchase Inventory, sale the Inventory, purchase more Inventory, fluctuating the current assets constantly.The paying of expenses also decreases assets (cash), expense are what keeps a business in business.
What are the Two most important marketing strategies?
Buying and trading assets its an opinion.
How do you calculate ratio?
current ratio = current assets / current liablities A ratio (in trig) is simply the division of two lengths. A tangent (in trig) is the ratio of the opposite and adjacent legs.
What are the specific kinds of assets?
Assets can be devided in to two types. they are Fixed assets & Current Assets. Fixed assets are those which can be used by the organisation in long term. For example Land , plant & Machinery , Buildings etc. being the assets are put to use continueously, the value of the fixed assets decreases which is called DERECIATION. Depreciation is calculated as per the Rates prescribed by the Income Tax Act 1962. Current assets can be defined as those which can be converted in to cash with in one year. for example Bank Balances, Debtors, Stock and Accounts Receivable etc.
