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Can Banks have a negative current ratio?
No, banks cannot have a negative current ratio. The current ratio, which measures a company's ability to pay its short-term liabilities with its short-term assets, is calculated as current assets divided by current liabilities. Since current assets (like cash, loans, and securities) are typically positive values for banks, a negative current ratio would imply that current liabilities exceed current assets to an unrealistic extent. However, banks often operate with a unique structure and may have different liquidity measures more suited to their business model.
What are the 2 classification 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 is the company called Quick Sale Int?
Quick Sale Int is a company that specializes in providing fast and efficient solutions for selling goods, often focusing on the automotive industry. They typically offer services that facilitate quick transactions, potentially including trade-ins or direct sales. The company aims to streamline the selling process for both individuals and businesses, making it easier to convert assets into cash. For more specific details about their services or operations, it is advisable to consult their official website or contact them directly.
What is the work of atomic clocks in space vehicle?
For synchronization with ground assets
What is non capitalizable equipment?
Non-capitalizable equipment refers to assets that are not recorded as capital expenditures on a company's balance sheet because their cost is below a certain threshold or they are expected to be used up within a short period, typically within a year. Instead of being capitalized, these items are typically expensed in the period they are purchased. This classification helps companies manage their financial statements by distinguishing between long-term capital assets and smaller, operational expenses. Examples include small tools, office supplies, and minor equipment.
What asset you bring to the company?
When applying for a job, you might be asked what assets you bring to the company. You could talk about your skills and experience.
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Misappropriation of assets?
theft of company assets.
Who owns the assets of a company?
the company
How can one determine the debt to assets ratio of a company?
To determine the debt to assets ratio of a company, you divide the total debt of the company by its total assets. This ratio helps assess the company's financial health and how much of its assets are financed by debt.
What are the assets that you will contribute in the company?
Answer Whatever assets that you carry with you, you can contribute to the company and that should get you noticed by your peers.
How could the return on assets indicator provide relevant data on the profitability of a company?
The Return on Assets Indicator or ROA shows the relationship between a company's profits to its actual assets. It is a measure of the company's profitability.
What disadvantages does a partnership have when compared to a private limited company?
If the partnership go into debt, you can lose personal assets aswell as the businesses assets. A private company's assets can only be ceased if the company go into debt.
What are the advantages of being a limited liability company?
A limited liability company, or LLC, is its own entity and can possess assets, property, and liability. This allows you shield your personal assets from the assets of the limited liability company.
What are the Accounting requirements for a close company?
You will need to learn how to bring down a set of books (accounting books)did you mean a clothing company or a company that is closing down, basic accounting consists of being able to balance the books with the assets and liabilities.
What is the difference between a company's assets and its liabilities or its net assets is?
Equity
What is the difference between total assets and current assets in a company's financial statements?
Total assets include all of a company's assets, both current and non-current, while current assets are a subset of total assets that can be easily converted into cash within a year.
