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3 years ago

The assets section of a classified balance sheet usually includes the subgroups: Multiple Choice Current

Business

1 answer:

Readme [11.4K]3 years ago

5 0

Answer:

The correct answer is letter "B": Current assets, long-term investments, plant assets, and intangible assets.

Explanation:

A classified balance sheet is a detailed report including specific information about the company's assets, liabilities, and shareholder's equity. This balance sheet itemizes details regarding current assets, long-term investments, fixed assets, intangible assets, current liabilities, long-term liabilities, and shareholder's equity.

Classified balance sheets do not have a set of classified accounts that must be used, thus, the information included relies on the manager's needs based on current and long-term transaction data.

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An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F

AysviL [449]

Answer:

Answer: The net operating income used in contribution approach the first quarter is 171600

Explanation:

Description Amount Amount

Sales 960000

Variable expenses:

Cost of good sold 670000

Variable selling 80000

(5 per book*16000 books)

Variable administrative 38400

(960000*4%)

Total variables expenses 788400

contribution margin 171600

working note:

unit sales=960000/60 per book=16000 book

3 0

3 years ago

A company reported that its bonds with a par value of $50,000 and a carrying value of $62,000 are retired for $66,000 cash, resu

mylen [45]

Answer: Retired for $66000 cash.

Explanation:

Given that,

bonds par value = $50000

carrying a value = $62000

retired for cash = $66,000

Loss = $4000

Issuing bonds are an approach to fund activities. Hence, a sum that is reported in the cash flows from the statement of financial activities.

There is a cash outflow of $66000 from retiring.

The amount to be reported under cash flows from financing activities is retired for $66000 cash.

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3 years ago

The period of delinquency allowed before a lender begins foreclosure proceedings is determined by statute. the secondary mortgag

DedPeter [7]

Answer: The lender

Explanation: Foreclosure proceeding involves the steps a lender takes in the process of seizing or selling a property in a bid to recover the payment or amount owed by a loan defaulter. The foreclosure proceeding involves different processes and will only begin when the mortgage is delinquent. Delinquency due to failure to make an agreed payment on a mortgage. This period is usually determined by the lender and the foreclosure proceeding will begin if the payment is not made before the period.

4 0

3 years ago

What is the function of the audio tools on the Format contextual tab?

Scorpion4ik [409]

Answer:

to determine how an audio file will appear on a slide.

Explanation:

Microsoft Excel is a software application or program designed and developed by Microsoft Inc., for analyzing and visualizing spreadsheet documents.

A spreadsheet can be defined as a file or document which comprises of cells in a tabulated format (rows and columns) typically used for formatting, arranging, analyzing, storing, calculating and sorting data on computer systems.

A contextual tab is a special tab that are usually hidden and would only appear when a particular object such as a shape, audio or chart is selected. It contains manipulating, editing and formatting commands that are specific to the object an end user is currently working on.

For example, a new Format tab would appear after adding an audio to a spreadsheet document.

Hence, the function of the audio tools on the Format contextual tab is to determine how an audio file will appear on a slide.

7 0

3 years ago

problem 08-07 (algo) you are the manager of a monopolistically competitive firm, and your demand and cost functions are estimate

Ad libitum [116K]

Demand function: Q = 48 - 2P

a) 2P = 48 - Q

Therefore the inverse Demand function is

P = 24 - Q/2

b) P = 24 - Q/2

Total Revenue = PQ = (24 - Q/2)*Q

TR = 24Q - Q2/2

MR = differentiating TR with respect to Q

MR = 24 - Q

We know a firm will maximize profit at MR = MC

TC = 6 + 3Q + Q2

MC = 3 + 2Q

Putting MR = MC, we have

24 - Q = 3 + 2Q

24 - 3 = 2Q + Q

21 = 3Q

Q = 21/3 = 7

Q = 7

Putting the value of Q in the equation P = 24 - Q/2

P = 24 - 7/2

P = 24 - 3.5

P = 20.5

Therefore the profit-maximizing output is 7 and the price is $20.5

c) TR = PQ = 20.5*7 = $143.5

TC = 6 + 3Q + Q2 = 6 + 3*7 + 7*7 = 6 + 21 + 49 = $76

Profit = TR - TC = 143.5 - 76 = $67.5

Therefore the firm's maximum profit is $67.5

d) a) entry will occur until profits are zero

In the long run, more and more firms will enter the market and the economic profit will be zero in the long run.

In economics, a Demand function is a graph depicting the connection between the price of a sure commodity and the amount of that commodity that is demanded at that fee. call for curves may be used both for the price-amount courting for a person client, or for all purchasers in a selected marketplace.

Learn more about the Demand function here: brainly.com/question/24384825

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2 years ago