American Enterprise Company's total current assets were $12,000 and its total current liabilities were $4,000. If American Enterprise issues a short-term note to a bank for $2,000 cash Multiple Choice American Enterprise's total working capital will increase while its current ratio will decrease. American Enterprise's total working capital will increase and its current ratio will increase. American Enterprise's total working capital will remain constant while its current ratio will decrease. American Enterprise's total working capital will decrease while its current ratio will increase.

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be: