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BARSIC [14]
4 years ago
8

Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with t

he question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Business
1 answer:
podryga [215]4 years ago
5 0

Answer:

The correct statements about credit sales are:

  • Accounts receivable arise from credit sales
  • Accounts receivable should be reported at net realizable value.
  • Revenue is reported when the company fulfills its promise to transfer control of a good or service to a customer

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Pedro's child attends a school operated by the church the family attends. Pedro made a donation of $1,000 to the church in lieu
schepotkina [342]

Answer:

$800

Explanation:

Pedro's tuition costs of $6,000 is a personal expense and does not qualify as a charitable contribution.

Pedro's donation to the church of $1,000 is charity, but he has to deduct the registration fee of $200 from it. Thus, his total charitable contribution is $1,000 - $200 = $800

4 0
4 years ago
What is the relationship of a single firm's demand curve in a purely competitive industry?
pav-90 [236]
Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.

As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.

This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).

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6 0
3 years ago
_______________ is the degree to which decision-making authority is retained at higher managerial levels a. Formalization b. Uni
Nostrana [21]

There are various organizations structure. one of it is centralization. <u>Centralization</u> is the degree to which decision-making authority is retained at higher managerial levels.

<h3>Features of Centralization</h3>

In a centralized company, cogent decisions are made at topmost levels of the hierarchy, whereas in decentralized companies, decisions are made and problems are solved at lower levels by employees who are closer to the problem.

<h3>Advantages of centralization</h3>

Some employees are more okay in an organization where their manager authoritatively gives instructions and makes decisions. Centralization can also lead to operational efficiency because there will be no time wasting, particularly if the company is operating in a stable environment. Strategic process and content as mediators between organizational context and structure.

Therefore, the answer is centralization option C.

learn more about centralization: brainly.com/question/1288780

8 0
3 years ago
Active endeavors specializes in sporting equipment. recently, it has decided to add to its business units by opening a steakhous
poizon [28]
<span>Active endeavors specializes in sporting equipment. Recently, it has decided to add to its business units by opening a steakhouse near a convention center. This strategy is an example of: conglomerate diversification. 

Conglomerate diversification is a growth strategy when organizations add new products or services that are vastly different from anything they've sold prior. These new business opportunities are unrelated to their previous and operate completely different. 

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5 0
3 years ago
Five (5) grounds upon which the Registrar can lawfully refuse to register a partnership.
tiny-mole [99]

Answer:

Explanation:

The registrar can lawfully refuse o register a partnership under the listed conditions

1 . If its name is similar to any other existing partnership or business as the name of a business must be clearly unique

2.If its sole aim is perceived to be harmful or unpleasant, not in the public interest

3. It it has a name that the registrar has been directed by a higher authority not to approve

4. If the name is closely related to a partnership or a company that has been de-registered before

5. It the registrar believes on a reasonable ground the the partnership will be used to perpetrate criminal activities.

4 0
3 years ago
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