For question 3: I think it's True
For question 4: I think it's False.
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Answer:
B
Explanation:
A. Positive confirmation should always be used for large balances
C. Trade receivables is the overlying term for both account receivables and note receivables. There is no distinguish here between large and small balances.
D. The positive form should be used for receivables that are unsatisfactory.
Answer:
The balance sheet category in which an entity typically would place each of the following items:
1. _Non-Current Assets_ Long-term receivables
2. _(Non-Current Assets)__ Accumulated amortization
3. __Current Liabilities__ Current maturities of long-term debt
4. Page 192_Current Liabilities_ Notes payable (short term)
Explanation:
A company's balance sheet has three main categories: assets, liabilities, and owners' equity. The assets are usually classified as Current Assets or Non-Current (long-term) Assets. On the other side of a balance sheet, there are the Liabilities and Owners' Equity. The Liabilities are classified into Current Liabilities and Non-Current Liabilities. Usually, the Owners' Equity is made up of Owners' Capital and Retained Earnings.
Answer:
the answer is C because it makes sense...
The turnover ratio is the lower of the total sales or total purchases over the period divided by the average of the net assets. The higher the turnover ratio, the greater the volume of trading carried out by the fund. If high turnover can generate high returns, then there should be no problems. A turnover ratio represents the number of assets or liabilities that a company replaces in relation to its sales. The concept is useful for determining the efficiency with which a business utilizes its assets.
Better turnover ratios imply extended fund prices, which can reduce the fund's ordinary performance. higher turnover charges also can have terrible tax consequences. funds with higher turnover charges are much more likely to incur capital gains taxes, that are then distributed to buyers.
A higher turnover ratio can reflect higher profitability, while a low turnover charge can replicate lower profitability. A turnover charge that equals 1 or less reflects the enterprise has greater stock than the current purchaser marketplace demands. A turnover rate it really is over 1 suggests an employer sells merchandise that matches marketplace needs.
The low turnover way an enterprise has a pretty small variety of personnel leave all through a given period relative to the personnel employed or hired at the start of that period.
Learn more about turnover ratio here brainly.com/question/27523896
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