Business, 25.01.2020 03:31 huneymarie
Which of the following demonstrates the going concern concept? a) aqg industries sold $20,000 of product on credit to ssa manufacturing. ssa did not pay on time. aqg decides that it is fruitless to pursue collection so they write off the receivable from ssa. b) gail's garments has been in business for 20 years and during that period the company has gained a good reputation. gail would like the controller to acknowledge the value of that reputation by including it as an asset worth $100,000 but the controller says she cannot do it. c) aqg industries purchases $20,000 of product on credit from rsi manufacturing. aqg records the purchase as an increase in inventory and an increase in accounts payable. aqg feels that they will be able to realize the value from the inventory and settle the obligation to rsi in the weeks to come.
Answers: 1
Business, 22.06.2019 03:50
John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:
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Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 3
Business, 22.06.2019 17:00
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
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Business, 22.06.2019 19:00
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
Which of the following demonstrates the going concern concept? a) aqg industries sold $20,000 of pro...
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