Milea Inc. experienced the following events in Year 1, its first year of operations: Received $15,500 cash from the issue of common stock. Performed services on account for $45,000. Paid the utility expense of $1,400. Collected $39,330 of the accounts receivable. Recorded $9,200 of accrued salaries at the end of the year. Paid a $1,400 cash dividend to the stockholders.

Hello, could you answer this question for me? if management wishes to know how well a business's inventory is moving, they could use the a. acid test ratio. b. inventory turnover. c. accounts receivable turnover. d. current ratio.

Why is efficiency an important economic goal?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?