Current assets divided by current liabilities is known as the
A) profit margin.
B) current ratio.
C) working capital.
D) capital structure.
B
Business
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MacLean Corp purchased a mine on January 1, 2016, for $500,000
The mine is estimated to contain 30,000 tons of iron ore. There is no residual value. The business has extracted and sold 2,500 tons of ore in 2016. Prepare the journal entry to record depletion expense for 2016. (Round your intermediate calculations to the nearest cent.) What will be an ideal response
Business
The delivery of a product to consumers for their use or consumption for free is a:
A) coupon program B) premium C) bonus pack D) sampling program
Business