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2 years ago

Inventories held for sale in the normal course of business are classified in the balance sheet as?

1 answer:

4 0

Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

<h3>What is meant by current liability?</h3>

This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.

Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

Read more on Current liabilities here: brainly.com/question/28039459

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The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $39 dollars and has a unit var

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Answer:

$36,020.40

Explanation:

The computation of cash balance is shown below:-

Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement

= $64,500 + $1,302,200 - $1,310,000

= $1,366,700 - $1,310,000

= $56,700

Interest = X × 0.02

Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest

$92,000 = $56,700 + X - 0.02x

$92,000 - $56,700 = 0.98x

X = $35,300 ÷ 0.98

= $36,020.40

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3 years ago

Wilt's has earnings per share of $2.98 and dividends per share of $0.35. What is the firm's sustainable rate of growth if its re

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16.06%

Explanation:

According to the given situation the computation of sustainable rate of growth is shown below:-

Sustainable Growth Rate = Return on equity × (1 - Dividend payout ratio)

= 18.2% × ( 1 - 0.35 ÷ 2.98)

= 18.2% × ( 1 - 0.1174)

= 16.06%

Therefore for computing the sustainable rate of growth we simply applied the above formula.

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3 years ago

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In this specific case, Langstraat can disaffirm the whole insurance policy contract, but he cannot disaffirm only one clause. If he chooses to disaffirm the whole policy, the result will be the same, he will not have coverage.

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4 years ago

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“intangibility”

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When Martha is demonstrating to customers the benefits of visiting the Coffee Collective she is just providing adequate tangible proof of good service. This will ensure repeat customers for her.

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3 years ago

Employee involvement (EI) refers to any activity by which employees participate in work-related decisions and improvement activi

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Answer:

The correct answer is: True

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3 years ago