The two methods for accounting for receivables are the net method and the gross method.
In order to earn a sales discount, the net technique assumes that every buyer will pay on time. Record the discounted invoice amount in your accounting journal at the time of a sale. To increase the accounts receivable account by the amount you anticipate receiving, debit the discounted invoice amount.
In contrast to the net approach, the gross method records an invoice at its full price regardless of any offered cash discounts. To put it another way, the gross technique makes the assumption that the consumer won't benefit from the cash or early payment incentive.
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After years of struggling with weight management, a middle-age man is evaluated for gastroplasty. He has experienced difficulty with managing his diabetes mellitus and hypertension, but he is approved for surgery. Which intervention is most important for the nurse to include in this client's plan ?A) Monitor for urinary incontinence B) Provide a wide variety of meal choices C) Observe for signs of depression D) Apply sequencial compression stockings
B) Providing a wide variety of meal choices is the correct answer.
In the current situation, a middle-aged man has a hard time controlling his hypertension, diabetes, and weight. He has also had a hard time controlling his weight for a long time. He has been given the go-ahead for weight-loss surgery using gastroplasty.
If he was accepted for the procedure as well, he had a history of hypertension and non-controllable diabetes. We must provide sufficient instruction about the guided weight loss program through food and lifestyle adjustment before the surgery itself.
Beginning nutritional education before surgery enables the patient to get ready for recovery and make a commitment to dietary limitations.
The gastroplasty treatment is strongly recommended for patients who have trouble controlling their weight when they have chronic diabetes and hypertension.
Therefore, a structured weight loss program is required before the procedure itself in order to improve the results of the procedure, ensure that the patient has followed the new dietary guidelines, and help him get ready for the procedure. As a result, consider a wide range of food options when arranging treatment for a patient who is having a gastroplasty and has unmanageable weight, chronic diabetes, and hypertension.
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people who work in farms tend to have thicker calluses on their hands than those who do not pursue farming, as they use their hands for most physical activities. this is an example of .
People who work on farms have bigger calluses on their hands than those who do not work on farms because they use their hands for the majority of physical activity. This is an illustration of evoked culture. Thus, the correct answer is evoked culture.
What does the Evoked culture imply?Evoked cultural behaviors are the results of common psychological mechanisms in reaction to local environmental signals, according to Fessler et al. Cultural behaviors that are transmitted are those that are learned from one's social group, independent of context. Because natural selection has changed the human psyche to respond adaptively to varied surroundings, evoked culture is fundamental to Evolutionary Psychology. Transmitted culture is based on our developed mind, but it spreads by "cultural evolution" rather than genetic evolution. As a result, studying evoked culture may fall within the purview of evolutionary psychology, just as studying transmitted culture falls under the purview of cultural evolution, social psychology, and other fields.
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specialization will increase output when it is based on: who can produce the fastest. who can produce at the least comparative cost. absolute advantage. comparative advantage.
Specialization will increase output when it is based on who can produce at the least comparative cost.
Comparative advantage refers to an economy's capacity to produce a certain item or service at a lower opportunity cost than its trade counterparts. The notion of comparative advantage presents opportunity cost as a consideration to consider when deciding between several manufacturing possibilities.
Comparative advantage refers to an economy's capacity to produce a certain item or service at a lower opportunity cost than its trade counterparts. The notion of comparative advantage presents opportunity cost as a consideration to consider when deciding between several manufacturing possibilities.
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identify with demand and supply shifts the impact of the following events on stock prices: a. a federal court finds guilty of antitrust violations. which way (right or left) did g
The event of a federal court finding guilty of antitrust violations could potentially have a negative impact on stock prices.
This is because the guilty verdict could result in fines and other penalties being imposed on the company, which could potentially reduce its profitability and lower its stock prices.
Additionally, the negative publicity surrounding the event could lead to a decrease in investor confidence in the company, leading to decreased demand and lower stock prices.
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which of the following best describes a limitation of hedging payables? the results of a money market hedge on payables are not known beforehand and are subject to high exchange rate risk. hedging payables for an uncertain amount of currency can lead to unforeseen losses. the results of a forward hedge on payables are not known beforehand and are subject to high exchange rate risk. a currency call option on payables requires the mnc to purchase that currency
Option 2 (a currency call option on payables requires the MNC (multinational companies) to purchase the currency) is the correct answer.
The acquisition of foreign currencies is a future contract. A currency call option occurs when a multinational company borrows its home currency and converts it into foreign currency that will be needed in the future. This is an example of how hedging tactics can be employed in the money market. The hedging payable on call option would not be feasible if MNC is unable to borrow local currencies and does not convert them into foreign currency. The MNCs are required to buy domestic currencies in order to hedge their payables with currency call options.
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technical trainer abc university, alphabetville, new jersey position summary: the technical trainer will be responsible for training and assisting faculty, staff, and students in successfully putting software and technology to work in teaching, research, learning, and administration. this position requires one to imagine, design, and deliver quality online course materials and activities and to keep those materials current with new technological developments. additionally, the person in this position is responsible for the development of training materials and the supervision and delivery of various software training for students, faculty, and staff. qualifications: bachelor’s degree is required. four or more years of software training experience is required. master’s preferred with emphasis on communication, instructional design, instructional technology, or equivalent, but not required. skills and abilities: previous experience developing and coordinating a training curriculum is required. excellent communication skills, both written and oral, and an enthusiasm and empathy for those who struggle to develop technological learning / teaching competencies are required. experience with commercial software platform training, office productivity software (ex: ms office), and windows operating systems is required. prior experience in instructional design is a plus. what skills, qualities, and qualifications should applicants highlight in their résumés for the technical trainer position? check all that apply. accounting and bookkeeping experience
Here are the skills qualities and qualifications that applicants should highlight in their resumes for technical trainer positions:
Delivering online course materialsDeveloping training materialsSupervising and delivering software trainingAbility to use knowledge effectively and spontaneously in execution or performance. Dexterity or coordination especially when performing learned physical tasks. At the end of the conversation focus on clarity over technical depth suggested
Fight the urge to dig deep into technology. Also, avoid jargon and buzzwords. If in doubt, ask the interviewer if they answered your question. My organizational and time management skills are very good, but my greatest strength is my ability to effectively manage multiple projects and deadlines.
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Marcy charges $575 per month to rent a room at her eight-room apartment complex. running the complex costs marcy $9,880 per year in upkeep. assuming that all of the rooms are rented out, how much does marcy make from her apartment complex every year? a. $55,200 b. $45,320 c. $65,080 d. $16,780 please select the best answer from the choices provided a b c d
Option (b), assuming that all of the rooms are rented out, would see Marcy's apartment building generate $45,320 annually.
Renting is what?A contract for the temporary use of a good, service, or piece of property that belongs to someone else is referred to as renting, also known as hiring or letting. In a gross lease, all regular property expenses incurred by the owner are covered by the landlord in addition to the tenant's regular monthly rent payment.
The most popular approach is to multiply the amount of the weekly rental by the 52.14 weeks in a calendar year, then divide the result by the number of months in the year.
Charges (per month)= $575
Apartments= 8
Complex cost= $9,880
Rent of 8 months (per month)= 575 x 8 = 4600
Rent (per year)= 4600 x 12 = 55200
Total she get= Rent (per year) + Complex cost
= 55200 - 9880 = 45320
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the time component under time-and-material pricing includes a o profit margin. o loading charge. o charge for receiving, handling, and storing materials. o portion of the materials clerk's wages.
The time component under time-and-material pricing includes profit margin.
According to the cost of labor per hour and the cost of the materials used, time and material pricing is a way of paying the project owner. Normally, hourly rates, equipment rental fees, material expenses, and markups for any subcontractors are all pre-agreed upon.
Simply add the cost of the time utilized to the cost of any materials that need to be acquired to get the price that a firm will pay for working with a supplier who uses a time-and-material pricing scheme.
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which group exploits workers by taking more of the value of the work of laborers than they repay in wages?
Bourgeoisie group exploits workers by taking more of the value of the work of laborers than they repay in wages.
What is the bourgeois group?The socioeconomic structure that is dominated by the so-called middle class is referred to as the bourgeoisie. Karl Marx and those who were influenced by him were significantly responsible for constructing the idea of the bourgeoisie in social and political philosophy.
The bourgeoisie consisted of what kinds of people?The term "bourgeoisie" is used to refer to a society's middle and upper classes. These individuals often hold highly lucrative positions and are educated. Frequently, they lead comfortable lives filled with plenty of material goods. It says upper and middle on this one.
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brooke owns a sole proprietorship in which she works as a management consultant. she maintains an office in her home where she meets with clients, prepares bills, and performs other work-related tasks. the home office is 300 square feet, and the entire house is 4,500 square feet. brooke incurred the following home-related expenses during the year. brooke itemizes her deductions, and her itemized deduction for non–home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the home. unless indicated otherwise, assume brooke uses the actual expense method to compute home office expenses. real property taxes $ 3,600 interest on home mortgage 14,000 operating expenses of home 5,000 depreciation 12,000 repairs to home theater room 1,000 required: what amount of each of these expenses is allocated to the home office? what are the total amounts of tier 1, tier 2, and tier 3 expenses, respectively, allocated to the home office? if brooke reported $2,000 of schedule c net income before the home office expense deduction, what is the amount of her home office expense deduction, and what home office expenses, if any, would she carry over to next year? e. assume that brooke uses the simplified method for computing home office expenses. if brooke reported $2,000 of schedule c net income before the home office expense deduction, what is the amount of her home office expense deduction, and what home office expenses, if any, would she carry over to next year? note: leave no answer blank. enter zero if applicable.
To compute Brooke's total home office deduction, we must divide proportionately the related expenses of the house based on the area which is $6,973.33. The total adjusted gross income is $43,026.67
How does adjusted gross income compare to net income?An individual's taxable income is their adjusted gross income (AGI), which takes deductions and other adjustments into account. Net income, also known as net profit or after-tax income, is the profit for businesses after all costs and taxes are taken into consideration.
What does the adjusted gross income exclude?Tax deductions for self-employment. Contributions to health insurance or retirement plans for independent contractors. Penalties for early savings withdrawals. Paying alimony.
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12 years ago, delmar bought a car with a down payment of $4800, and a loan in the amount of $16,500, including the interest amount. then delmar sold the car for $7200. how much did driving this car cost delmar per year?
The driving cost per year of Delmar is $1175
A down payment is a sum of money that a buyer pays at the beginning of a pricey good or service purchase. A portion of the total purchase price is covered by the down payment, and the buyer frequently takes out a loan to cover the balance.
Down payment of the car = $4800
Loan on the car = $16,500
The selling price of the car = $7200
Number of years = 12 years
Total used value = Down payment of the car + Loan on the car - Selling price/Number of years
= 4800 + 16500 - 7200/12
= $1175
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if a company is being outcompeted by various rival companies in the latin american market for branded footwear and consequently has an unappealingly low branded market share in latin america, then company managers should
Because every strategy moves a company makes to outcompete rivals and gain a competitive advantage
Because every strategy moves a company makes to outcompete rivals and gain a competitive advantage is not apparent from information contained in the FIR and the competitive intelligence report, managers need to do a better job than rivals in identifying and implementing ways to become very cost efficient in producing and marketing 350 to 500 models/styles of branded footwear that also have the highest S/Q rating in the industry if they want to succeed in creating a differentiation based on competitive advantage (and a potential cost advantage in achieving this differentiation.)
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The purpose of closing entries is to:
1. update the retained earnings account on a daily basis.
2. update a periodic inventory account for credit sales.
3. reduce all temporary accounts to zero.
4. apportion prepaid expenses and unearned revenues to bring the accounts up to date.
Option (3), which states that closing entries are made to make all temporary accounts zero.
What purpose serve the final entries?The closing entry is used to reset the temporary account balances to zero in the general ledger, which is how a company's financial data is kept track of. Temporary accounts are used to track accounting activity over a specific time frame.
Why do closing entries for retained earnings need to be made?Closing entries are used to move funds from temporary to permanent accounts at the end of an accounting period. Due to the consolidation of your accounts brought on by these journal entries, you will be able to determine your retained earnings, or the amount remaining after expenses and dividends have been paid.
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complete your slideshow and share it with your team. once it is approved by your supervisor, you begin preparing to give your presentation. you consider maintaining good posture, being aware of nervous habits, and making eye contact. in addition, you think about how you will speak. what strategies can help you speak effectively? select all that apply. 1 point speaking quickly so you are sure to have time to include all important data points building in intentional pauses to give your audience time to think about what you have just said keeping the pitch of your sentences level so that your statements are not confused for questions using short words and sentences
Some strategies you can use to help you speak effectively include:
building in intentional pauses to give your audience time to think about what you have just said keeping the pitch of your sentences level so that your statements are not confused for questions using short words and sentencesHow to speak effectively in presentations?When presenting, there is no need to rush through as your audience might not understand. Rather, speak at a moderate pace, build in intentional pauses. This allows your audience time to think of what you said.
You should also keep the pitch of your sentence level so that you won't confuse your audience by making them wonder if you're asking a question.
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Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she had originally hoped, but she was willing to accept the extra weight for a computer with a bigger, clearer screen. Karen made her purchase decision using a(n) ________.
Karen made her purchase decision using a(n) Rule of compensatory judgment.
What precisely is compensatory judgment?
If you prevail in court, you might be entitled to compensation known as "damages" in the legal community. Punitive and compensatory damages are the two main types of damages that are frequently awarded. Punitive damages aim to hold a person accountable for their wrongdoing. Comparatively, compensatory damages are only meant to compensate the injured party.
The reply is almost anything. If the plaintiff (the person who filed the lawsuit) suffered a physical injury, compensatory damages might also include his medical expenses, lost wages from taking too many sick days, and lost future wages due to a diminished ability to work.
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g which of the following statements about the income statement and the balance sheet is true? the income statement and balance sheet both reflect one accounting period at a time. the income statement reflects one accounting period while the balance sheet reflects the life of the business. the income statement and the balance sheet both reflect the life of the business. the balance sheet reflects one accounting period at a time while the income statement reflects the life of the business.
The income statement reflects one accounting period while the balance sheet reflects the life of the business. This statement is true about the income statement and the balance sheet.
A balance sheet provides information about a company's finances at a certain point in time (end of fiscal year or quarter). An income statement shows a company's operational outcomes over time (a fiscal year or quarter).
The income statement's bottom line, net income, connects to the balance sheet and cash flow statement. It flows into retained earnings on the balance sheet, and on the cash flow statement, it serves as the beginning of the cash from operations column.
An income statement analyses a company's profit or loss over time, whereas a balance sheet depicts the company's financial situation at a particular point in time.
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the company's credit-adjusted risk-free interest rate is 10%. during 2024, the company extracted 18,000 tons of ore from the mine. how much accretion expense will the company record in its income statement for the 2024 calendar year?
Employers who pay more than the required amount of unemployment insurance tax for a quarter may apply for a credit adjustment within four years after the original due date. A refund will be given if a credit cannot be used.
What do you mean by Company's credit-adjusted ?A short-term loan given by a Federal Reserve Bank to a smaller commercial bank in order to help it meet reserve requirements and encourage short-term lending is referred to as a "adjustment credit." Adjustment credits are a typical type of borrowing between commercial banks and Federal Reserve Banks.
After account balances have been updated to reflect adjusting entries, an adjusted trial balance is utilized to confirm that total debits and total credits balance each other out.
The adjusted trial balance will now be created to reflect both the total debit balances and the total credit balance after errors have been fixed or all necessary adjusting entries have been made.
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when sponsors enter into partnerships with sport organizations, they must realize that additional activation spending will be required to leverage the sponsorship effectively. group of answer choices true false
When sponsors enter into partnerships with sport organizations, they must realize that additional activation spending will be required to leverage the sponsorship effectively. So, the given statement is True.
The act of monetarily or by the giving of goods or services supporting an occasion, activity, person, or organisation is known as sponsoring something (or someone). The sponsor is the person or entity that offers the support; it functions similarly to a benefactor. Sponsorship is the payment of money or goods in exchange for access to a property's commercially exploitable potential (usually in the fields of sports, the arts, entertainment, or charitable causes).
Contrary to generosity, sponsorship is carried out with the hopes of generating a financial profit, even when the sponsoree (the item being sponsored) may be a nonprofit.
While sponsorship can boost brand recognition, purchasing propensity, and awareness, it differs from advertising in these ways. Sponsorship cannot convey specific product features, in contrast to advertising. It also cannot serve as sponsorship on its own.
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when tammy moves into coco condominiums, she tells her property manager that she has specially trained dog that performs tasks to assist her with her disability. what type of animal is tammy's dog?
Service dogs are canines that have been specially trained to carry out duties for the benefit of individuals with various disabilities, including physical, mental, sensory, intellectual, etc.
What are Service dogs?
There are numerous descriptions of service animals. Service dogs are "privately trained dogs who do work or support mechanisms for people with disabilities," as stated in the Americans with Disabilities Act. Since at least 1927, dogs have helped people, making them the most popular type of service animal.
Regional laws governing service animals differ. For example, in Japan, regulations establish criteria for training and certification for service animals. In public spaces where pets are typically prohibited in the United States, service animals are typically permitted. The US Fair Housing Act and the US Air Carrier Access Act, among others, acknowledge the assistance an animal can provide to a disabled owner. Various laws and regulations may more broadly define "service animal,"
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ryan deposited $8,000 at national bank at 6% interest compounded quarterly. what was the effective rate (apy)?
Jim Ryan placed $8,000 at a bank with 6% interest compounded quarterly, which resulted in an effective yearly rate of 6.14%.
What is the annual effective rate?When the effects of compounding over time are taken into account, it represents the actual return on a savings account or any investment that pays interest. It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.
What exactly are the nominal rate and effective rate?Said interest rate is another term for nominal interest rate. Simple interest is used to calculate this interest; compounding periods are not taken into account. The effective interest rate is the one that takes into account the compounding times throughout a payment schedule.
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advertisers in the 1960s innovated by beginning to emphasize which of the following traits as a means of selling products?
Advertisers in the 1960s innovated by emphasizing rebellious and individualistic characteristics as a means of selling products.
A person or company that pays for a product, event, or job to be advertised online, in a newspaper, on television, or on a poster is known as an advertiser.
Duties of as an advertiser may include conducting market research, working with the sales and design teams to develop targeted ad campaigns, reviewing multimedia ads to ensure a consistent brand voice, and keeping track of the success of ad campaigns to calculate return on investment and guide future marketing.
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exchange is necessary in an economy if a. individuals are self-sufficient. b. labor is specialized. c. output is to be produced. d. output is to be consumed. e. families are self-sufficient.
Exchange is necessary in an economy if individuals are self-sufficient. The decisions made by people, corporations, and the government are impacted by changes in the currency rate.
This has an impact on the balance of payments, inflation, and economic activity all together. The rate at which one currency can be exchanged for another between countries or economic zones is known as an exchange rate. It is crucial in determining the dynamics of commerce and capital flow since it is used to calculate the worth of various currencies in comparison to one another. Changes in the demand for exports and imports are the primary way that the exchange rate has an impact on the real economy.
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qv-tv, inc. provided the following items in their footnotes for the year-end 2010: cost of goods sold was $22 billion under fifo costing and their inventory value under fifo costing was $2.1 billion. the lifo reserve for year-end 2009 was a $0.6 billion credit balance and at year-end 2010 it had increased to a credit balance of $0.8 billion. how much is the 2010 lifo cost of goods sold?
$1.3 million is the 2010 life cost of goods sold.
Under FIFO costing:
Cost of goods sold = $22 billion
Inventory = $2.1 billion
LIFO Reserve for year-end 2018 = $0.6 billion
At year-end 2019 it had increased to $0.8 billion
Ending inventory (LIFO) = Ending inventory (FIFO) - Ending period LIFO reserve = $2.1 billion - $0.8 billion
= $1.3 million
In economics, a commodity is an object that satisfies a human need and provides utility to consumers and others who purchase satisfying products. A distinction is generally made between transferable goods and non-transferable services.
The basic type of product depends on whether it is excludable, non-excludable, competing, or non-competing. Excludable goods are goods that you have to pay for, and non-excluded goods are free for everyone. The supply of competing goods is finite, but the supply of non-competing goods is unlimited.
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Which report summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time?.
A balance sheet is a report that summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time.
What doess Balance sheet means?
A balance sheet is a financial statement that summarizes the assets, liabilities, and shareholder equity of a company at a given point in time. These three balance sheet segments inform investors about the company's assets and liabilities, as well as the amount invested by shareholders.
What does Liabilities mean?
Liabilities are an entity's financial obligations, such as debts, bills, or unpaid taxes. They are frequently referred to as an entity's "debt," and they can include both short-term and long-term liabilities. Liabilities are recorded on a company's balance sheet, which is a financial document that shows the assets, liabilities, and owners' equity of the company.
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seamus industries inc. buys and sells investments as part of its ongoing cash management. the following investment transactions were completed during the year: feb. 24 acquired 1,200 shares of tett co. stock for $82 per share plus a $140 brokerage commission. may 16 acquired 2,600 shares of issacson co. stock for $35 per share plus a $105 commission. july 14 sold 400 shares of tett co. stock for $100 per share less a $80 brokerage commission. aug. 12 sold 710 shares of issacson co. stock for $33.00 per share less an $85 brokerage commission. oct. 31 received dividends of $0.40 per share on tett co. stock.
ournalize the entries for the transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
1
2
3
4
5
6
7
8
9
10
11
12
The entries for the transactions, Investment-Company and divedends.
A dividend is a distribution of profits via a corporation to its shareholders. while a organisation earns a income or surplus, it is able to pay a part of the income as a dividend to shareholders. Any amount now not allotted is taken to be re-invested in the commercial enterprise.
Date Accounts and Titles Explanation Debit Credit
Feb. 24 Investment-Company T 98,540
Cash (1,200 * $82 + $140) 98,540
May 16 Investment-Company | 91,105
Cash (2,600 * $35 + $105) 91,105
July 14 Cash (400 * $100 - $80) 39,920
Investment NO Variable ($98,540 * 400 / 1,200) 32,846.67
Gain on Sale of Investment 7,073.33
‘Aug. 12 Cash (710 *$33 - $85) 23,345
Loss on Sale of Investment 1,533.67
Investment No Variable ($91,105 * 710 / 2,600) 24,878.67
Oct. 31 Cash [(1,200 - 400) * $0.40] 320
Dividend Income 320
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Jay Corp. began the year with a $153,000 balance in the accumulated depreciation account. The ending balance was $197,000. During the year a piece of equipment with $15,000 in accumulated depreciation was sold. Therefore, the depreciation adjustment that Jay needs to add to net income is $__________.
the depreciation adjustment that Jay needs to add to net income is
$197,000 - $153,000 + $15,000 = $59,000
What Relationship Exists Between Accumulated Depreciation and Depreciation Expense?
Depreciation expense is the amount that has been depreciated for a single period, whereas accumulated depreciation is the total amount of assets that a company has depreciated. Depreciation is a type of accounting entry that shows how much an asset costs less over the course of its useful life.
Depreciation, in other words, allocates how much of an asset has been used up in a year until the asset is obsolete or no longer in use while spreading out the cost of the asset over time. Without depreciation, a business would have to pay the full cost of an asset in the year it was bought, which might have a negative effect on profitability.
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If you buy the toaster pastries at a discount store, you will pay about for each package. in this case, the lowest price per package is offered by the .
The best deal will be to purchase the item from the discount shop, according to the information provided.
The definition of a discount shopA discount store is a type of retail business that sells things for less than what similar businesses would typically charge. Some cheap shops are analogous to department stores because of the wide range of goods they offer; in fact, some are known as discount department shops.
In the first statement, it is stated that we must pay a certain amount for each package of toaster pastries if we purchase them from a cheap retailer. The possibilities given are $0.44, $0.54, and $0.88.
The least expensive of them is $0.44.
We are questioned about who is providing the lowest price per package in the second statement.
The bargain shop
It should be obvious that the proper choices are $0.44 for the first blank and discount store for the second blank since both blanks compliment one another.
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The correct question is:
If you buy the toaster pastries at a discount store, you will pay about _____for each package.
In this case, the lowest price per package is offered by the______
The options for the first blank are:
$0.44, $0.54, $0.88
Options for the second black are:
vending machine, discount store, bulk warehouse store
excerpts from colter corporation's most recent balance sheet appear below: year 2 year 1 current assets: cash $ 97 $ 127 accounts receivable, net 114 124 inventory 191 181 prepaid expenses 47 47 total current assets 449 479 total current liabilities $ 348 $ 325 sales on account in year 2 amounted to $1,385 and the cost of goods sold was $825. the acid-test (quick) ratio at the end of year 2 is closest to: multiple choice 0.74 0.90 0.61 1.29
Excerpts from colter organization's latest balance sheet is the present day Ratio for the yr 2 is closest to = current property/present-day Liab.
= $449/$348 = 1.29
A stability sheet is a financial statement that reports an organization's property, liabilities, and shareholder equity. The stability sheet is one of the three middle financial statements which are used to assess a commercial enterprise. It offers a picture of an organization's finances (what it owns and owes) as of the date of the guide.
In economic accounting, a balance sheet is a summary of the financial balances of a character or corporation, whether or not it's a sole proprietorship, an enterprise partnership, a business enterprise, a privately constrained organization, or another employer which includes authorities or not-for-earnings entity.
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which type of distribution channels are most likely in place when it is difficult for new firms to gain access to retail space?
Exclusive distribution channels are most likely in place when it is difficult for new firms to gain access to retail space.
What are the benefits of distribution channels?The key advantages of a distribution network include lower costs, increased collaboration and transparency, a broader client base, and quicker expansion. The process of joining a distribution network may appear to be onerous and complicated.
It might make it simpler to gain access to a premium channel. When the retail industry is highly fragmented, selling expenses are reduced. Consumers gain from distribution channels because they have access to a wider range of goods. Without these channels, consumers would only be able to purchase goods directly from manufacturers, which is not a realistic option. Although not always, channels may bring down the cost of consumer goods.
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your clients is trying to decide whether to invest in or . they ask you, as an accouting exper, to make an analysis of the company for them
Financial statements give a detailed picture of a company's financial situation at a specific period and shed light on its accounting, profitability, cash flow, and general health.
When it comes time to cast a vote on business issues, shareholders especially require financial statements to make educated decisions about their stock investments.
Shareholders can evaluate the equity of a company using a number of different tools. They should assess their stocks using multiple measurements rather than just a few in order to make better judgments.
The indicators that are offered include pricing ratios, profitability ratios, liquidity ratios, debt ratios, and efficiency ratios. Shareholders can evaluate the equity of a company using a number of different tools.
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