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.

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.