If Mussel Company has working capital of $540,000 and a current ratio of 3 to 1, the amount of current assets is:

On April 1, 2017, Nurix Manufacturers purchases equipment for $100,000, paying $30,000 in cash and signing a 10-year mortgage for $70,000 at 8% annual interest. Prepare the journal entry to record the acquisition of the equipment

What will be an ideal response

Which of the following is not true regarding RESPA's requirement to provide a list of homeownership counselors?

a. The list may be no more than 60 days old b. The list must be obtained from the CFPB, or from HUD or CFPB data c. It is the lender's responsibility to ensure that the applicant receives this list d. Reverse mortgage transactions and timeshare plans are exempt from this requirement