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emmasim [6.3K]
3 years ago
13

Which type of account typically has low liquidity?

Business
1 answer:
Dafna1 [17]3 years ago
7 0

quick withdraw from the bank


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On March 1, Lincoln sold merchandise on account to Pina Colada Company for $29,400, terms 1/10, net 45. On March 6, Pina Colada
dolphi86 [110]

Answer:

The Journal entries with their narration is shown below:-

Explanation:

The Journal entry is shown below:-

1. Account receivable Dr,       $29,400

      To Sales revenue                       $29,400

(Being Sales revenue is recorded)

2. Sales return and allowance Dr,  $2,200

       To Account receivable                    $2,200

(Being Sales return is recorded)

3. Cash Dr,                                   $26,928

($29,400 - $2,200) × 99%

Sales discount Dr,                        $272

         To Account receivable                 $27,200

($29,400 - $2,200)

(Being cash is recorded)

7 0
3 years ago
Pick an Agile Manifesto principle that you think is likely to have the biggest impact on the success or failure of a typical pro
satela [25.4K]

The correct answer to this open question is the following.

The Agile Manifesto principle that I am going to pick in the principle of "Embracing Change."

I think this is likely to have the biggest impact on the success or failure of a typical project in my organization because change is the constant in modern-day business. Probably, since the inception of the modern-day industry.

In order to be successful and maintain that success over the years -no matter the conditions- a company has to be ready not only to adapt to change but to change ahead of necessity. And this is one of the most difficult things to do in business because people love to be in a comfort zone for years. People in corporate America likes to know they are safe in their traditional places doing traditional things. For them, change is tough.

That is why I think "Embrace change" would be the principle that would help me the most.

3 0
2 years ago
Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contribu
Vikentia [17]

Answer:

2) all of the partners in proportion to their shares of the profits

Explanation:

Partnership refers to a mutual agreement between two or more individuals, deciding to carry on a business and share it's risks and rewards in the profit sharing ratio as stipulated, or as provided in the partnership deed.

Upon retirement or death of any of the partners, the partnership is said to have been dissolved. Upon dissolution, the profits and losses arising consequently shall be shared by the remaining partners in their profit sharing ratio. A firm may decide to voluntarily dissolve too.

In the given case, upon dissolution, liabilities exceed assets and thus indicate a loss.

This loss shall be borne by all of the partners in their profit sharing ratio and not in the ratio of their capitals.

6 0
3 years ago
the economy was in long-run equilibrium when aggregate demand increased. at this point in time, the expected inflation has start
artcher [175]

The eco-nomy was in long-run equilibrium when aggre-gate demand increased. At this point in time, the expec-ted inflation has start-ed to adjust to the new high-er actual inflation rate. Accor-ding to the (Friedman) natural rate the-ory, this means the unemploy-ment rate in the economy must curr-ently be <u><em>below the natu-ral rate</em></u>.

Milton Friedman defi-ned the natural rate of unemploy-ment as the level of unemployment that result-ed from real economic forces, the long-run level of whi-ch could not be altered by monet-ary policy. Accor-ding to the general equili-brium model of economics, natural unemploy-ment is equal to the level of unemploy-ment of a labor mark-et at perfect equilibrium.

To know more about Friedman click below:

brainly.com/question/6803976

#SPJ4

3 0
1 year ago
Calculate amortization expense
pogonyaev

Answer: $800,000

Explanation:

The total amount of amortization expense that would appear in Burger Mania's income statement for the first year ended December 31 related to these items will be:

Ammortization value = Patent value / Useful life

= $4,000,000 / 5

= $800,000

Therefore, the ammortization value is $800,000 per year.

6 0
3 years ago
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