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3 years ago

The best example of marginal cost is the money paid in order to purchase

1 answer:

3 0

<span>A marginal cost is one that is actually an added cost to somethign you already pay for like a product or a service. In this case, the best example would be like paying a textbook for a science course because you already pay for the course as a service, so paying for the textbook would be an added cost. You don't need it if you can learn from somewhere else, but it sure helps to have it.</span>

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The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting r

Alexus [3.1K]

Answer:

False

Explanation:

The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting records on the cash basis.

This is False because cash flows are also made for businesses that accounting records on the accrual basis rather than cash basis.

The cash flow is computed both by Direct and Indirect methods.

In indirect method of Cash flow Net income is computed using accrual income which recognizes revenues when earned and expenses when incurred.

5 0

4 years ago

Read 2 more answers

When the value of a bank's assets is than its liabilities, the bank is said to be:_____.

mr_godi [17]

The value of a bank's assets is than its liabilities, the bank is said to be <u>solvent</u>

<h3>What is assets?</h3>

Any resource that a company, an organization, or an economic body owns or controls is considered an asset. It encompasses everything that has the potential to generate gains in the economy. When turned into money, assets indicate the worth of ownership.

<h3>What do you mean by solvent in accounting?</h3>

A company's capacity to fulfill its short-term and long-term financial commitments is known as its solvency. One indicator of a company's financial health is its level of solvency, which reveals whether it will be able to continue running its business into the near future. Ratio analysis is a tool investors can use to assess a company's solvency.

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2 years ago

Jasper makes a $44,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and intere

vovikov84 [41]

Jasper's entry to record the collection of the note and interest at maturity should be:

Debit Cash Account 44,990

Credit Interest Income $990

Credit Notes Receivable $43,000

The amount collected is:

Cash collected

= $44,000 Amount lend + Interest Income

And

Interest Income

= Amount lend * Interest Percent * For the days / 360

= $44,000 * 9% * 90 / 360

= $990

Now putting the interest income value in the above equation, we have:

Cash collected

= $44,000 Amount lend + $990

= $44,990

So the cash is increase by $44,990 interest income increased is by $990 and the Note receivable is at amount issued which has been decreased by $44,000.

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2 years ago

Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to:____.

german

Answer:

<em>Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is </em><em>to </em><em>provide a fresh start, free from creditors' claims </em>

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3 years ago

Mary promises to give her car to her friend. the friend sells his current car for a fairly low price because he is expecting to

elixir [45]

<span>If the friend sues Mary, the court most likely will not require Mary to do anything because this was a gift promise. In order for a gift promise to be enforceable by the law, it should be a contract. And in order for it to be a contract, there should be a consideration received by Mary but in this case, no consideration was received by Mary therefore, the promise is unenforceable.</span>

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3 years ago