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guapka [62]
3 years ago
7

The financial statement that is most likely to be used to determine if a business is able to meet its short-term obligations wit

hin the next month would be.
Business
1 answer:
Dimas [21]3 years ago
7 0

The financial statement that is likely to be used to determine if a business is able to meet its short-term obligations within the next month is balance sheet.

<h3>What is a balance sheet?</h3>

It should be noted that a balance sheet simply means a financial statement that reports that assets, liabilities as well as equity of a company.

The balance sheet is the financial statement that is most likely to be used to determine if a business is able to meet its short-term obligations within the next month

Learn more about balance sheets on:

brainly.com/question/258127

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During the Pillsbury Bake-Off, thousands of people across the country compete to create the best new recipe using the sponsor's
faltersainse [42]

Answer:

contest

Explanation:

Based on the information provided within the qeustion it can be said that this promotion is an example of a very successful contest. A contest is an event in which a large amount of people compete in a certain task in order to prove that they are the best at that task. These events usually have a grand prize for the winner. Which in this scenario this contest's top 100 finalists are flown to Florida to compete in another contest in order to win $1 million dollars.

6 0
3 years ago
On January 1, 2019, Stronger Industries issued $480,000 of 9%, five-year bonds that pay interest semiannually on June 30 and Dec
Katena32 [7]

Answer:

Journal Entry to record the first interest payment

June 30, 2019

Dr. Interst Expense $19,979.32

Dr. Premium on Bond $1,620.68

Cr. Cash $21,600

Explanation:

First, we need to calculate the premium on bond amortization as follow

Premium on bond amortization = Coupon Payment - Interest Expense

Premium on bond amortization = ( $480,000 x 8% x 6/12 ) - ( $499,483  x 8% x 6/12 )

Premium on bond amortization = $21,600 - $19,979.32

Premium on bond amortization = $1,620.68

4 0
3 years ago
The theory of social darwinism argued the new industrial economy was limiting the potential for individual wealth. contended tha
Dmitry [639]
<span>The theory of social Darwinism was used to promote the theory that capitalism would offer all the people of the nation an opportunity for great wealth. In this case, the answer would be Was used to justify the social consequences of industrial capitalism.</span>
4 0
3 years ago
Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 tot
irina [24]

Answer:

$560

Explanation:

Add all the costs:

Materials $8,000

Labor $4,000

Overhead $1,000

And we will get the Total Manufacturing Cost of $13,000.

Then, add the Beginning Work in process of $5,000 to get the Cost of goods put into process of $18,000.

Now, deduct the Ending Work in process of $4,000 to get the Cost of goods manufactured of $14,000.

Since they promptly ships the goods, the $14,000 will automatically be the Cost of Goods Sold.

Finally, to get the cost per machine, just divide $14,000 by the 25 machines and we will get the $560 cost per machine.

8 0
3 years ago
Skysong Industries acquired two copyrights during 2020. One copyright related to a textbook that was developed internally at a c
Bezzdna [24]

Answer:

Explanation:

The question is asking fro the Reporting of the two copyrights in Skysong's balance sheet as at December 31,2020

Assumption: The first copyright was developed internally while the second copyright was purchased from the University Press

<u>Based on this assumption, therefore, </u>

For Copyright one: Since it was developed internally, it will not reflect in the balance sheet, it will not be recognized as an asset because it does not have any separate legal rights different from the organisation that developed it. As such it will be recorded in the Income statement as an expense

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3 0
4 years ago
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