All categories

3 years ago

Amalgamation can be expressed as A+B+C=A True Or False ?

Business

2 answers:

disa [49]3 years ago

8 0

The statement given in the question is False.

Amalgamation is <u>defined as the process of combining separate things into one entity</u>.

In the context of corporations, amalgamation is also known as a merger or a consolidation.

Thus, using the same analogy as the question, in an amalgamation, A+B+C would result in an ABC.

Fittoniya [83]3 years ago

6 0

Answer: false

Explanation: Amalgamation can be described as a process of combining or mixing. In business language, Amalgamation is also known as merger. Merger refers to when two or more companies agree to combine business, at the same stage of production or at a different stage, and form one bigger company. It can be both horizontal or vertical merger.

But when they are combined rather than A+B+C=A

It becomes ABC.

You might be interested in

In the nation of Ruva, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillion. Taxes are $1

ELEN [110]

Answer:

Private Savings = $4 Trillion

Explanation:

Given that

GDP = Y = 15 Trillion

Taxes = T = 1 trillion

Consumption = C = 10 trillion

Recall that

Private Savings = Y - T - C

Therefore,

Private savings = 15 - 1 - 10

= $ 4 Trillion

6 0

3 years ago

The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account fo

Taya2010 [7]

Answer:

a) Assets increase by 35,000 (account receivable )

Equity increase by 35,000 (sales revenue)

b) no effect

c) Assets increase by 20,000 (equipment)

Liabilities increase by 20,000 (note payable)

d) Assets decrease by 3500 (cash)

Equity decrease by 3500 (utilities expense)

Explanation:

Accounting Equation:

Assets = Liaiblities + Equity

Assets: things and right owned by the company and able to generate cash in the future

Liabilities: obligation to do or pay assumed by the company

Equity: contribution from owners and earnings/losses

a) Provide services to customers on account for $35,000.

As the company has the right to claim the invoince aginst his customers and is also earning a profit from this sale

b) Receive cash of $27,000 from customers in (a) above.

we are "trading" one assets (account receivable) for another (cash) As the amount collected decerase the amount owed by the customer the effect of income from cash and decrease in amount to collect balance.

c) Purchase bike equipment by signing a note with the bank for $20,000.

the new equipment is an asset, it wil lgenerate earnings in the future. While the promissory note is an obligation thus, liability.

d) Pay utilities of $3,500 for the current mont.

the utulities paid will not generate incoem in the future are cost incurred thus, expenses which decreases the earnings of the business.

6 0

4 years ago

A company must account for a contract modification as a new contract if the:

valina [46]

Answer:

d. goods or services are distinct and company has right to receive the standalone price.

Explanation:

Goods or services are distinct and company has right to receive the standalone price.

8 0

3 years ago

Cung leads the design team at Rapidware, a software firm that deigns custom software to meet its clients' needs. He needs to hir

irina1246 [14]

Answer:

C) Rico, a curious person who loves art and buys the latest gadgets.

Explanation:

The candidate who would best meet Cung's requirements would be Rico.

It is possible to make this decision by analyzing the characteristics of each of the candidates available for the job vacancy.

The necessary requirements for the vacancy are: an employee to recognize when new approaches are needed and learn what customers need and quickly present an innovative way to serve them.

Analyzing Lanny's profile, it is clear that he is not the ideal candidate, as he forces others to do things his way, which does not constitute an attitude of recognizing new approaches and maintaining a posture favorable to innovation.

Another candidate, Gale, a lovely character who encourages and helps everyone, but there is no information if he has the necessary knowledge to serve customers and present solutions related to the technological field.

Gage, a very successful self-proclaimed "old school" worker, is also not an essential candidate for promoting new approaches and innovation.

And Jennifer, a methodical worker, also lacks the essential requirements, as an innovative attitude requires an employee with a more flexible posture to accept new ideas and approaches.

Therefore Rico would be the most suitable to be hired, as he has a curious and consumer profile of the latest technological devices, which could assist customers in their choice and also accept new innovations and approaches.

6 0

3 years ago

Gloria deposited $500 into a bank account that earned 7. 5% simple interest each year. She earned $225 in interest before closin

timama [110]

The number of years in which the money is in the account is 6 years.

<h3>What is simple interest?</h3>

Simple interest denotes the amount of payment that is received or paid by a person in return for anything pledged or given a loan.

The interest computed on the principal amount for a specified duration of time and rate of interest is called simple interest.

The formula of simple interest:

$\text{SI}= \text{P}\times r \times t$

Where, (P) stands for principal, (r) for interest rate, and (t) is for the time period.

<u>Computation </u><u>of a number of years:</u>

According to the given information,

P=$500,

r=7.5%,

t=?

SI= $225

Now, substitute the given values in the above formula, we have:

$\text{SI}= \text{P}\times r \times t\\\\\$225=\$500\times\ 7.5\%\times t\\\\t= 6 \text{Years}$

Therefore, the number of years is 6 years.

To learn more about the simple interest, refer to:

brainly.com/question/2793278

5 0

3 years ago