It most often occurs in a malnourished person who drinks large amounts of alcohol every day. The absence of hyperglycemia makes diabetic ketoacidosis improbable. Patients with mild hyperglycemia may have underlying diabetes mellitus, which may be recognized by elevated levels…
In accordance with GAAP revenue recognition policies, the company must still record credit sales (i.e. not cash) as revenue on the income statement and accounts receivable on the balance sheet. The Allowance for Doubtful Accounts is a contra-asset account that…
So, the discounted payback period would take 1.98 years to cover the initial cost of $8,000. The answer is found by dividing $200,000 by $100,000, which is two years. The second project will take less time to pay back, and…
Some may consider the quick ratio better than the current ratio because it is more conservative. The quick ratio demonstrates the immediate amount of money a company has to pay its current bills. The current ratio may overstate a company’s…
