The Town of Red Herring issued $60,000 of purchase orders. Assume that when all orders were received, the actual cost was $59,000 . How much would be recorded as expenditures when the goods are received?

Answer the following questions regarding the current ratio:

Current Ratio Question Answer What does the current ratio measure? How is the current ratio calculated? When analyzing the current ratio, what is the rule of thumb? What will be an ideal response

If you are using parenthetical citations, how should you title your list of sources?

A) Works Cited B) Bibliography C) Documentation D) Appendix E) References