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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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ra1l [238]

Answer:

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Explanation:

3 0
2 years ago
Why might vertical systems be a business ethics issue? ?
DaniilM [7]
The answer to the question above is option C: they can result in a channel member having too much control. Firstly, we define what vertical system is. From the term itself vertical, the formation of the members is from top to bottom. Therefore, this includes the <span>producer, wholesaler, and retailer and this is where the distribution channel occurs. The reason why this kind of system is a business ethic issue is due to channel members that might have too much control because of their positions and unequal distribution of tasks. </span>
3 0
3 years ago
1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0
3 years ago
What impact did the rise of the middle class in the late nineteenth century have on the demand for consumer goods?
RoseWind [281]

Answer:

The middle class created a high and sustained demand  for consumer goods

Explanation:

Before the advent of the industrial revolution, the social stratification of society is such that either you are in the lower class of the poor or you are  part of the rich in the upper class. The industrial revolution of late 18th and early 19th centuries saw the springing up from the lower class a new set of wealthy and educated individuals which were later termed the middle class

This reach men and women are able to buy goods needed to satisfy their newly found social status which boost demand for new and quality goods produced as a result of industrial revolution.

7 0
3 years ago
In one or two sentences, describe which is greater: gross pay or net pay.
ArbitrLikvidat [17]

Answer:

Gross pay

Explanation:

Gross pay is before all taxes and deductions. Therefore that value is greater than net pay which is after all taxes and deductions

4 0
3 years ago
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