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leva [86]
4 years ago
9

Classify each of the investments in assets as either permanent or​ temporary:

Business
1 answer:
Katarina [22]4 years ago
5 0

Answer:

1. A is temporary

2. B is permanent

3. C is temporary

Explanation:

1. A is temporary because these Valentine's day card are sold seasonally. That is at a particular time of the year. It's inventory is not for a permanent basis or for a long period of time.

2. Acquiring a new forklift is a permanent inventory because the equipment will stay in the company for a long period of time, for as long as it continues to serve the purpose for which it was acquired. This makes it a life asset.

3. The Increase in account receivable do due to expansion in customer base is for a short term due to goods sold on credit therefore they are temporary.

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What is TRUE about estate planning?
Ulleksa [173]

Answer:

B.) It helps insure your possessions are distributed appropriately.  

Explanation:

All of the other answers are false.

Hope this helps! If you have any additional questions, please don't hesitate to ask me or your teacher to be sure you master the subject. Stay safe, and please mark brainliest!   :)

7 0
3 years ago
International trade currently involves about ______________ worth of goods and services moving around the globe.
nordsb [41]

Answer:

$20 trillion

Explanation:

International trade can be regarded as exchange of capital as well as goods, and services between different international borders/ territories. This is so since there would always be a need or want for a particular goods or services. In most countries,gross domestic product are been represented. Types of international trade are;

1)Export Trade

2)Entrepot Trade.

3)Import Trade

It should be noted that International trade currently involves about $20 trillion worth of goods and services moving around the globe.

4 0
3 years ago
You transferred $6,456 from your checking account to your savings account. The balance in savings was $7,870 before the transfer
Viefleur [7K]

Answer:45 percent

Explanation:

saving account before transfer=$7870

Saving account after transfer=7870+6456=14326

Percentage increase=(14326-7870)/14326 x 100

Percentage increase=6456/14326 x 100

Percentage increase=0.45 x 100

Percentage increase=45

3 0
4 years ago
Read 2 more answers
Most "okies" in california finally escaped the deprivation and uncertainty of seasonal farm labor when they
VMariaS [17]
Found jobs in defense industries during World War II?
5 0
3 years ago
Read 2 more answers
Which inventory method reflects the most recent costs of inventory on the balance sheet? What implications might this have that
dalvyx [7]

Answer:

Which inventory method reflects the most recent costs of inventory on the balance sheet?

LIFO

What implications might this have that would be relevant for users of the financial statements to know?

This will mean that the profitability ratios will be smaller under LIFO .

The profitability ratios include profit margin, return on assets, and return on stockholders' equity.

Explanation:

LIFO, the most recent costs of products purchased (or manufactured) are the first costs to be removed from inventory and matched with the sales revenues reported on the income statement. This means that the oldest costs remain in inventory.

8 0
3 years ago
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