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VLD [36.1K]
4 years ago
11

Prepare the current assets section of the balance sheet for Buffalo Industries, assuming that in addition to the receivables it

has cash of $97,340, merchandise inventory of $167,950, and supplies of $12,560. (List current assets in order of liquidity)
Business
1 answer:
Sav [38]4 years ago
3 0

Answer:

Explanation: current assets are assets other than fixed asset that a company uses in its day to day operations and are noted in the Balanced sheet of an organisation and they include:

Cash, Account receivable, Inventory, Supplies.

From the above question, the current asset of Buffalo Industries is stated below:

Balanced Sheet (extract)

Current assets :

Cash $97,340

Merchandise inventory $167,950

Supplies. $12,560

Total current asset. $277,850

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Answer: Signature liability

Explanation:

 The signature liability is basically associate with the negotiable instruction as the people are not contractually liable only the signature person has the liability for the payment based on the specific amount.

The signature liability is basically refers to the signature on the negotiable instrument that is used for identifying the main person who ar obligated for paying. Therefore, Signature liability is the correct answer.

8 0
3 years ago
An example of the ___________ effect is when bmw gained in-depth information about visitors to a popular chinese social media si
vova2212 [387]

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3 years ago
Pinewood Corp. used to have a strict hierarchical structure. Information was only given to those who required it. The new CEO, h
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Answer:

The correct answer is boundaryless.

Explanation:

A boundaryless organization is an association in which management has managed to eliminate the barriers between internal levels, work functions and departments, as well as reduce external barriers between the association and those with whom it works. The development of a business in an organization without limits could include the creation of a more horizontal management structure, the promotion of interdepartmental projects and the empowerment of staff members.

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3 years ago
Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of c
bazaltina [42]
<h2>A company cannot run without marketing department. They bring source to the company through which the company gains money / make money.</h2>

Explanation:

  • As stated earlier no company exists without sales team.
  • They actually bring business to the organization.
  • So to answer the first question, all the company need sales people to promote and run business.

The type of company which I would like to start up myself would be an Training institute.  My dream organization need,

  • Need sales team to pitch and get people and indirectly bring business
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3 years ago
The following types of contracts should be in writing: Contracts involving interests in land. Contracts that cannot, by their te
puteri [66]

Answer:

Contracts required in writing

Explanation:

Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.

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