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Zolol [24]
3 years ago
14

Current assets are economic resources that are expected to be converted to cash or used up by the business within one year or th

e normal operating cycle, whichever is shorter.
A. True
B. False
Business
1 answer:
4vir4ik [10]3 years ago
6 0

Answer:

Statement is false

Explanation:

Current assets are economic resources of the organization that are usually used up within one year to carry out the operations. However, if the operating cycle is more than one year, then the asset that gets used up within that period is considered as current asset. Operating cycle is the time period taken to invest cash, produce goods, sell them and receive money from customers against goods sold. Operating cycle need not be limited to one year.

So, asset that gets used up within operating cycle is termed current asset.

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What is your primary source of investment funds?
ArbitrLikvidat [17]

Answer:

A. Saving or personal income

Explanation:

7 0
2 years ago
According to the price equation, the actual price is the list price less blank______, plus extra fees.
Blizzard [7]

Answer:

incentives and allowances

Explanation:

According to the price equation, the actual price is the list price less blank incentives and allowances, plus extra fees.

8 0
2 years ago
(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mar
AysviL [449]

Answer:

Customer and Product Margin under Activity-based Costing and Traditional Costing

True Statements:

1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.

2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.

Explanation:

Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs.   In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders.  Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.

Product Margin is the profit margin generated per product.   It is the markup on the cost of the product.  It shows the difference in amount between the selling price and the manufacturing cost.  Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.

6 0
3 years ago
3. What are three purchasing activities in businesses?
zheka24 [161]
Mark me brainiest


Personal Purchases.
Mercantile Purchasing.
Industrial Purchasing.
Institutionalized or government purchasing.
3 0
3 years ago
You have data for compensation of employees, proprietors' income, rental income, and net interest. Can you compute national inco
qaws [65]

Answer:

Cant calculate

Explanation:

The National Income is the total amount of income accruing to a country from economic activities in a year's time. It includes payments made to all resources either in the form of wages, interest, rent, and profits. In this case, National income can not be calculated because data in corporate profits is missing .

7 0
2 years ago
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