2 years ago

The going concern assumption of GAAP implies that the firm: __________

Business

1 answer:

yaroslaw [1]2 years ago

3 0

Answer:

correct option is (a)

Explanation:

Anxiety is a financially stable accounting term for a company to fulfill its obligations and continue its business for the future.
So, One of the key assumptions under GAAP is the going concern assumption that will continue to operate and that all assets should be recorded at their cost rather than at their liquidation value

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Which of the following is most likely to have inelastic demand?

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I think the answer is A

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1 year ago

An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over

svetoff [14.1K]

Answer:

19.07%

Explanation:

The computation of the total compound return over the 3 years is shown below:

= (1 + investment percentage earned in first year) × (1 + investment percentage earned in second year) × (1 + investment percentage loss in second year)

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2 years ago

Barnes Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a price

Eva8 [605]

Answer:

7.76%

Explanation:

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Given that,

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= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

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2 years ago

Lin corporation has a single product whose selling price is $134 and whose variable expense is $67 per unit. the company's month

Rashid [163]

Answer:

600 units

Explanation:

The equation to calculate target profit is:

S × Q = (V × Q) + F + T

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Q = Quantity of units
V = Variable expenses
F = Fixed expenses
T = Target profit

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$67Q = $40,200

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2 years ago

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This doesn’t even make any sense

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2 years ago