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3 years ago

Match the activities to their respective categories.

Business

2 answers:

Zielflug [23.3K]3 years ago

8 0

save for the first year of college LONG TERM GOAL

complete the current semester with

good grades SHORT TERM GOAL

accumulate $2,000 before the

semester ends LONG TERM GOAL

pay off at least one of the three

outstanding bills LONG TERM GOAL

complete the project assigned in

place of an upcoming exam SHORT TERM GOAL

Eva8 [605]3 years ago

3 0

Answer:

SHORT TERM GOAL

pay off at least one of the three

outstanding bills

complete the project assigned in

place of an upcoming exam

LONG TERM GOAL

save for the first year of college

accumulate $2,000 before the

semester ends

complete the current semester with

good grades

Explanation:

A short term goal is a goal that is set for the next 3 months, or the proximate close future, that is why completing the current semester with good grades along with paying off at least one of the three bills, but saving $2,000 before the semester ends, and saving up for the first year of college is a long term goal, it all depends on how much time do you have to reach that goal. So goals that are more than 3 months would be considered long term, and less than 3 months it is a short term goal.

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Accounts receivable $ 28,500 Long-term notes payable $ 23,000 Accounts payable 16,200 Office supplies 4,000 Buildings 51,000 Pre

Rus_ich [418]

Answer:

Chavez Company's current ratio = 2.202

Explanation:

CLASSIFYING THE BALANCE SHEET ACCOUNTS OF CHAVEZ COMPANY'S

CURRENT ASSETS – 44,040

• Cash 7,500

• Accounts receivable 28,500

• Prepaid insurance 4,040

• Office supplies 4,000

LONG-TERM ASSETS – 51,000

• Buildings 51,000

CURRENT LIABILITIES – 20,000

• Accounts payable 16,200

• Unearned services revenue 3,800

LONG-TERM LIABILITIES – 23,000

• Long-term notes payable 23,000

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 44,040 / 20,000

Current Ratio = 2.202

7 0

4 years ago

Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True

Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

4 0

3 years ago

The catalyst for the market revolution was a series of innovations in

lord [1]

The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.

The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.

The revolution brought about an explosive economic growth and new personal wealth in the country.

The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.

Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.

Learn more about Market Revolution here

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3 years ago

On November 15, 20X3, Chow Inc., a U.S. company, ordered merchandise FOB shipping point from a German company for €200,000. The

MArishka [77]

Answer:

$4,000 gain

Explanation:

Some information was missing:

the spot rates for euros were:

November 15, 20X3 $0.4955 per €1
December 10, 20X3 $0.4875 per €1
December 31, 20X3 $0.4675 per €1
January 10, 20X4 $0.4475 per €1

In Chow's December 31, 20X3, income statement, the foreign exchange gain is ?

the goods costed €200,000 x 0.4875 = $97,500 on December 10, 20x3

the goods costed €200,000 x 0.4675 = $93,500 on December 31, 20x3

Since the goods were sold FOB shipping point, we have to use the shipping date (December 10) to calculate the original price. By December 31, the price in US dollars had decreased by $4,000 resulting in a foreign exchange gain.

8 0

3 years ago

David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a:

AURORKA [14]

Answer:

Capital Loss

Explanation:

A capital loss occurs when an investment asset decrease in value between the time of purchase and the time for selling. The loss is realized only when the asset is sold. Examples of investment assets that can lose value include stocks, mutual funds, index funds, real estate, and bonds.

A capital gain or loss is the purchase price minus selling price of an investment asset. Capital gain is when the result is positive, implying that the asset has appreciated in value. A capital gain always attracts tax. David experienced a capital loss of $3000 as the selling price was lower than the buying price ($ 4000-$1000).

7 0

3 years ago

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