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Leokris [45]
3 years ago
11

Harriet's Wimsey is a bookstore for people who love mysteries. How would a complete set of P. D. James mystery novels, a first e

dition copy of The Maltese Falcon, the money in the cash register, and an IOU from a loyal customer who forgot her wallet one day when she came to purchase the newest Dorothy Cannell book be listed on the store's balance sheetA. as owners' equity B. as current liabilities C. as fixed assetsD. as long-term liabilities E. as current assets
Business
1 answer:
adoni [48]3 years ago
5 0

Answer:

E. as current assets

Explanation:

As we know that the

Balance sheet records the total assets, total liabilities and the stockholder equity

Where

The total assets comprises of current assets, tangible assets, and the intangible assets

And, the total liabilities comprises of current liabilities and the long term liabilities

In the given scenario, the purchase of the newest Dorothy Cannell book be listed on the store's balance sheet. So here, the newest Dorothy Cannel book represent the current asset side of the balance sheet

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Franklin Manufacturing provided the following information for the month ended March​ 31: Sales Revenue $ 15 comma 000 Beginning
klasskru [66]

Answer:

B. $ 17 comma 100

Explanation:

The movements in inventory account is usually as a result of purchases, sales, returns etc. These are the factors that bring about a difference between the opening and closing balances in the inventory account.

Given that

Beginning Finished Goods Inventory = $14000

Ending Finished Goods Inventory = $14500

Cost of Goods Manufactured = $17600

Sales revenue = $15000

Let the cost of goods sold be B

$14000 + $17600 - B = $14500

B = $14000 + $17600 - $14500

B = $17100

The cost of goods sold is $17100

7 0
3 years ago
Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is Bryan's after-tax cash flow from the corporat
Korolek [52]

Answer:

\$ 117,937.50

Explanation:

Corporate level tax on $200,000 is $61,250

Cash(After Corporate tax)= \$ 200,000 -\$ 61,250=\$138,750

Individual tax on $138,750(15%)=0.15\times138750=\$ 20812.5

Hence, net after tax cashflow :

\$ 138,750-\$20,812.5\\=\$117,937.50

5 0
3 years ago
Josiah has the right to receive compensation for poor service encountered during the purchase of a new sofa. Which consumer righ
Ne4ueva [31]

The answer to your question is A. The right to be redress

4 0
2 years ago
Managers often use a(n) _____ approach when making organizational decisions - using financial performance such as profit as the
Studentka2010 [4]

Managers often use a(n) utilitarian approach when making organizational decisions - using financial performance such as profit as the best definition of what constitutes an ethical choice for the company.

<u>Explanation:</u>

When decisions are taken by taking benefits and the costs that are associated with stakeholders into consideration is an utilitarian approach. The main thing that is considered in this approach for taking any decision is consideration of the outcome and net result of the action that is to be taken.

It aims in taking an action that has greater good for many number of people and less harm for lesser number of people. It considers both the people who gets benefits and those people who suffer from the decision. It mainly focus on choosing an alternate that is more ethical and produces a good balancing of benefits than harm.

8 0
3 years ago
The act of giving up one thing of value to gain another thing of value is called a/an
Vedmedyk [2.9K]

Answer:

Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.

Explanation:

5 0
3 years ago
Read 2 more answers
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