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3 years ago

Consider the following items:

1 answer:

6 0

Answer: Long-term assets are assets with a duration of more than one year. From the list the parties classified as long-term assets are three:

- Land

- Buildings

-Equipment

The rest of the games are classified as:

Accounts receivable (short-term assets)

Notes payable (due in three years) (Long-term liabilities)

Accounts payable (Short-term liabilities)

Retained Revenue (Equity)

Prepaid rental (Short-term assets)

Unearned Renvenue (Short-term liabilities)

Notes payable (due in six months) (Short Term Liabilities)

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Cullen and MacNeil’s is a well-known store that sells writing material. The company faces strong competition from the electronic

statuscvo [17]

Answer: Option (D). Marketing Myopia

Explanation:

From the given case/scenario, we can state that Cullen and MacNeil’s corporation tends to suffer from Marketing Myopia. Marketing Myopia tends to suggest that the businesses and organization will do much better at the end only if they tend to concentrate on meeting their customers and consumers needs instead of concentrating on just selling the products and services.

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4 years ago

Under Section 401 of the Uniform Securities act, the term "agent" does not include an individual who represents an issuer in eff

Mariulka [41]

Answer:

B) issued by and representing an interest in or a debt of, or guaranteed by, any bank organized under the laws of the United States, or any bank, savings institution, or trust company organized and supervised under the laws of any state.

Explanation:

The Uniform Securities Act ( USA ) is a model statute or legal framework designed to guide each state of the United States of America in drafting and balancing both state and federal regulatory securities law. It is used in the United States of America to prosecute all fraud relating to buying and selling of securities.

Under Section 401 of the Uniform Securities act, the term "agent" does not include an individual who represents an issuer in effecting transactions in a security issued by and representing an interest in or a debt of, or guaranteed by, any bank organized under the laws of the United States, or any bank, savings institution, or trust company organized and supervised under the laws of any state.

However, under Section 401 of the Uniform Securities act, the term "agent" means any individual other than a broker-dealer who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales of securities.

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4 years ago

The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.Suppos

Alexxandr [17]

Answer:

It would take exactly 37 years

Explanation:

If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.

If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.

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4 years ago

Accounting Cycle Review Do IT 0-10a Cullumber Company shows the following balances in selected accounts of its adjusted trial ba

olga_2 [115]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Service Revenue A/c Dr $101,520

To Income Summary $101,520

(Being revenue account closed)

2. Income summary A/c Dr $67,680

To Supplies Expense $5,640

To Salaries and Wages Expense $37,600

To Utility Expense $7,520

To Rent Expense $16,920

(Being expenses accounts are closed)

3. Income summary A/c Dr $33,840

To Retained earning $33,840

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $20,680

To Dividend A/c $20,680

(Being dividend account is closed)

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3 years ago

Stephanie seals is a cpa who is working as a controller for brentwood corporation. she is not in public practice

Katen [24]

Stephanie Seals, a CPA who is working for Brentwood Corporation as a controller is not in a public practice, but she can use her CPA status on her business cards as long as she also includes her employment title on the business cards.

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3 years ago