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devlian [24]
2 years ago
14

Suppose a firm occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance curren

t assets. Which approach is the firm following? Conservative approach Maturity matching approach Aggressive approach Which usually costs less—short-term or long-term debt? Long-term debt Short-term debt
Business
1 answer:
nadezda [96]2 years ago
8 0

Answer: Conservative approach; Short term debt

Explanation:

Conservative approach is used by a company to maintain a level of current assets that is high which invariably leads to higher working capital. This is used by a firm that occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance current assets.

Short term debts typically costs less than the long term debts as it's for a shorter duration.

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WARRIOR [948]

Answer:

D) No Yes Yes

Explanation:

As we know that

The conversion cost includes the direct labor cost and the manufacturing overhead cost

And, the manufacturing cost records the  

= Cost of direct material cost + Direct labor cost + Manufacturing Overhead cost

And, the prime cost includes the direct material cost and the direct labor cost that is directly related to the production process of the product.

4 0
3 years ago
Read 2 more answers
A __________ inventory system is a small, wheeled container used in a just-in-time inventory system to move component parts from
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Answer:

Kanban inventory system

Explanation:

Kanban inventory system -

It refers to as the system , which make sure than the company's stores only the required components in the production or distribution process , is referred to as kanban inventory system .

The Kanban system enables to give indication for reordering or rearrange the stock  .

Hence , from the given information of the question ,

The correct answer is Kanban inventory system .

7 0
3 years ago
As the accountant for Marston Retail Stores, you must calculate the current ratio for the firm's last accounting period. The fir
I am Lyosha [343]

Answer:

1.5

Explanation:

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The firm's current ratio = $120,000/$80,000

                                      = 1.5

5 0
2 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
tino4ka555 [31]

Answer:

Option (c) is correct.

Explanation:

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Labor costs = $175,000

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General factory use = $25,000

Factory overhead applied to production = $23,000

Therefore, the journal entry is as follows:

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3 years ago
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LenKa [72]

Answer:

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