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3 years ago

whether investments are reported as current assets or noncurrent assets depends on the company's intent. (points : 5) true false

1 answer:

3 0

False . It depends upon the object itself.
Assume this senario ( It's hypothetical)
If company X purchases a land (A land is a non current asset). If the company decided to fill the whole land with cash( which is a current asset) . The land doesn't automatically turn into a current assets.

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A company must decide between scrapping or reworking units that do not pass inspection. The company has 13,000 defective units t

gregori [183]

Answer:

A.Incremental income(loss)

Sales as scrap $39,000

Rework $41,600

B.The company should REWORK

Explanation:

A. Sales as Scrap Rework

Sales of scrap units ($13,000×3.00)

$39,000

Sales of rework units ($13,000×8.20)

$106,600

Cost to rework units($13,000×5.00) $65,000

Incremental income(loss)

$39,000 $41,600

B.Therefore the company should REWORK

($106,600-$65,000)

=$41,600

8 0

3 years ago

On January 1, 2019, Shay Company issues $400,000 of 10%, 12-year bonds. The bonds sell for $391,000. Six years later, on January

noname [10]

Answer:

$9,000

Explanation:

The computation of the amount of the discount on the bonds at issuance is shown below:

= Par value of the bond - issued price of the bond

= $400,000 - $391,000

= $9,000

By deducting the issued price of the bond from the par value of the bond we can get the discount amount on issuance of the bond and the same is applied above

4 0

3 years ago

Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in p

galben [10]

Answer:

See explanation below as attached.

Explanation:

1. Predetermined overhead is 139% of direct labor hour

2. Under applied overhead is $6,200

Please find attached breakdown and solution to question 1, 2, 3, 4 and 5.

5 0

3 years ago

Many universities provide physical or electronic bulletin boards to facilitate ride-sharing and exchange of used books among stu

Darina [25.2K]

Answer:

$C_2C$

Explanation:

$C_2C$ marketing is called consumer to consumer marketing

It is the making of product or administration with the particular limited time procedure being for shoppers to impart that item or administration to others as brand advocates dependent on the estimation of the item.

The most noticeable instances of $C_2C$ incorporate eBay, an online closeout web page, and amazon which is used for costumer service.

4 0

2 years ago

At the beginning of the current year, Snell Co. total assets were $264,000 and its total liabilities were $182,200. During the y

larisa [96]

Answer:

The company's debt ratio at the end of the current year is 66%

Explanation:

For computing the debt ratio, we need to apply the formula which is shown below:

Debt ratio = (Total liabilities) ÷ (total assets) × 100

= ($182,200 ÷ $276,000) × 100

= 66%

The other information which are given in the question is of no use. That's why we do not consider it. Hence, ignored it.

7 0

3 years ago