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3 years ago

If you ever need to file for bankruptcy, you should get the help of...

Business

2 answers:

mina [271]3 years ago

6 0

The awnser is A.)
I have done research and all ive seen is to get the court to file bankruptcy

Olenka [21]3 years ago

3 0

A is correct answer.

If you ever need to file for bankruptcy, you should get the help of a judge/financial advisor.

Hope it helped you.

-Charlie

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As inventory and property plant and equipment on the balance sheet are consumed, they are reflected: Select one: A. As a revenue

Dafna11 [192]

Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.

What is a balance sheet?

A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.

The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.

As a result, option (b) is correct.

Learn more about on balance sheet, here:

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2 years ago

A firm improves product quality and adds new product features and models. it also shifts some advertising from building product

marin [14]

The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. If the new product satisfies the market, it enters this growth stage. In the growth stage the sales will start climbing quickly.

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3 years ago

Read 2 more answers

The internal growth rate of a firm is best described as the: Multiple Choice Minimum growth rate achievable assuming a 100 perce

telo118 [61]

Answer:

The answer is: Maximum growth rate achievable excluding external financing of any kind.

Explanation:

The internal growth rate (IGR) of a company is the maximum level of business operations at which a company can function with its own resources, without obtaining external financing through issuing new debt or equity.

It measures the company's ability to increase sales and profit without any outside "help" (new debt or equity).

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3 years ago

A company scientist at a biotechnology company decides to work on his own research project, hoping to eventually start his own f

bogdanovich [222]

Answer:

C. Moral hazard.

Explanation:

Moral hazard is the risk that a party has not gone into an agreement in compliance with common decency or has given deceiving data about its assets, liabilities, or credit capacity. Moral hazards can be available whenever two parties come into concurrence with each other. Each party in an agreement may have the chance to pick up from acting in opposition to the standards spread out by the agreement.

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3 years ago

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st

eduard

Answer:

Part a

Blossom Company

Income statement for the year 2014 - multiple-step form

$000

Sales revenue 97,088

Less Cost of goods sold (61,158)

Gross Profit 35,930

Less Operating Expenses :

Administrative expense

Officers' salaries 5,488

Depreciation of office furniture and equipment 4,548 (10,036)

Selling expense :

Delivery expense 3,278

Sales commissions 8,568

Depreciation of sales equipment 7,068 (18,914)

Operating Income (Loss) 6,980

Less Non Operating Expenses :

Income tax 9,658

Interest expense 2,448 (12,106)

Net Income (Loss) (5,126)

Part b

Blossom Company

Income statement for the year 2014 - single-step form

$000

Sales revenue 97,088

Less Cost of goods sold (61,158)

Gross Profit 35,930

Less Expenses :

Officers' salaries 5,488

Depreciation of office furniture and equipment 4,548

Delivery expense 3,278

Sales commissions 8,568

Depreciation of sales equipment 7,068

Income tax 9,658

Interest expense 2,448 (41,056)

Net Income (Loss) (5,126)

Explanation:

The multiple-step form shows the Operating Income and Net Income separately by grouping expenses as either operating and non-operating expenses.

The single-step form shows all expenses under one category and no grouping of expenses as either operating or non-operating.

4 0

3 years ago