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3 years ago

a business expecting to make money and continue in business indefinitely is applying the accounting concept_____________.

Business

1 answer:

algol [13]3 years ago

8 0

Answer:

Going concern

Explanation:

Going concern is an accounting term that means a business is expecting to make money and continue in business indefinitely. It means the business would continue to operate into the foreseeable future without a threat of liquidation.

I hope my answer helps you

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The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as

maxonik [38]

The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as s<span>upplies Cash

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4 years ago

A restaurant at a popular Colorado casino provides priority service to player’s card holders. The restaurant has 10 tables or bo

Alekssandra [29.7K]

Answer: Option A -- Approx. 55 seconds

Explanation:

It should be noted that, after proper calculations, the average time that parties WITHOUT player’s cards wait to be seated is Approximate 55 seconds. Therefore, Approx. 40minutes, 2hours and 24 seconds are wrong.

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3 years ago

Assume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic i

Tasya [4]

Answer:

$311,100

Explanation:

Solution

Recall that:

Assume Chester corp downsized the size of their workforce by = %

The exit interviews cost estimated = 100

Additional normal costs of separation = $5000

Now,

The Total Employee = 305

The Down Sizing = 20%

Thus,

The Total Employee = 305 x 20% = 61 employees

so,

The Separation cost per employees = $5000

The Exit interview cost = $100

Total cost = $5,100

Now,

The total overall cost of separation = 61 employees x total cost of separation per employees

Which is,

= 61 x 5100 = = $311,100

3 0

4 years ago

In a recent survey, it was observed that many Asian youths have started watching American sitcoms. Moreover, they have started a

pashok25 [27]

A sign of cultural influence

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4 years ago

Read 2 more answers

Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticip

torisob [31]

Answer:

Bambino Sporting Goods

a. March April May June

Ending Inventory 5,000 6,000 2,000 0

b. Monthly financing cost = $540

Total for the four months = $2,160

Explanation:

a) Data and Calculations:

March April May June

Beginning Inventory 0 5,000 6,000 2,000

Production 9,000 9,000 9,000 9,000

Monthly sales 4,000 8,000 13,000 11,000

Ending Inventory 5,000 6,000 2,000 0

Cost of inventory = $12 per unit

Monthly financing cost = $540 ($108,000 * 6% * 1/12)

Total financing cost for the four months = $2,160 ($540 * 4)

7 0

3 years ago