What are the three different types of cover letters?

As per the ________, the entity will remain in operation for the foreseeable future.

bulgar [2K]

As per the going concern assumption, the entity will remain in operation for the foreseeable future. A key accounting theory known as the "going concern assumption" states that a company must be financially stable enough to continue operating through the years.

This suggests that a corporation has a lower likelihood of going out of business. In order to stay in business and avoid bankruptcy, it still uses its current assets to pay commitments. Additionally, the company can continue to make profits because it doesn't intend to or won't be required to liquidate them and is anticipated to remain in operation for at least a year.

A company's break-up value is less than its value as a continuing concern. One of the fundamental tenets of generally accepted accounting standards is this (GAAP). When potential lenders or investors look at a company's financial accounts, the going concern assumption might give them insight into the business. They may be less ready to invest in the company or lend money to it if they believe that it will fail financially or in another way during the next 12 months.

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8 0

2 years ago

Activity Expected Costs Expected Activity Handling materials $ 625,000 100,000 parts Inspecting product 900,000 1,500 batches Pr

bekas [8.4K]

Answer and Explanation:

The computation is shown below:

1. Plant wide overhead rate = Budgeted Overheads ÷ Budgeted Activity.

where,

Budgeted Overheads :

Handling materials 625,000

Inspecting product 900,000

Processing purchase orders 105,000

Paying suppliers 175,000

Insuring the factory 300,000

Designing packaging 75,000

Total Cost 2,180,000

And, the budgeted activity is 125,000

So, Plant wide overhead rate is

= Budgeted Overheads ÷ Budgeted Activity.

= $2,180,000/125,000

= $17.44 per direct labor hour

Now Assignment of Overheads

As Deluxe model required 2,500 direct labor hours

So, Deluxe model = 2,500 × $17.44

= $43,600

As Basic model required 6,000 direct labor hours

So, Basic model = 6,000 × $17.44

= $104,640

8 0

3 years ago

Contour Autos competes against the global leaders in the automobile industry by developing and selling acceptable quality vehicl

alisha [4.7K]

Answer:

c. cost-leadership strategy

Explanation:

Contour Autos tend to decrease the price of the product and that the quality served of the product is acceptable and not degraded. In this manner as against the normal industry the company supplies same quality goods at lower prices.

This decreases the cost for consumers and therefore, it is termed as Cost-Leadership strategy.

The Company tends to lead in the market through lower cost of goods supplied with the same quality.

5 0

3 years ago

In regard to management prowess, two of the most important factors in this area are the passion that the solo entrepreneur or th

stealth61 [152]

Answer:

True

Explanation:

There are two features that the management prowess have understanding of the market sensitive variables & customers. And the second one is the passion of the leaders of the firm who are going to make a very important decision which might change the fortune of the company.

5 0

4 years ago

Which of the following is not part of the mission statement of the Department of Homeland Security?

lisabon 2012 [21]

Answer:

Coordinate intelligence operations against terrorists in other countries

Explanation:

I think.

7 0

3 years ago