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Papessa [141]
3 years ago
9

Current liabilities __________.a. are listed in the balance sheet, starting with accounts payable.b. are listed in the balance s

heet in order of their expected maturity.c. should not include long-term debt that is expected to be paid within the next year.d. are obligations that the company is to pay within the forthcoming year.
Business
1 answer:
dimulka [17.4K]3 years ago
4 0

Answer:

Option D Are obligations that the company is to pay within the forthcoming year.

Explanation:

The liabilities are the obligation of the company that has arisen due to the occurence of past event and the organization is liable to pay the consideration (something that is valuable in monetary terms) to party. Their are many obligations that are not written in the financial statement which IAS 37 Provisions, Contingent Liabilities and Contingent Assets, does not permit to include in financial statement depending upon the chances of liability arising is remote or reasonably possible but not certain or probable. So the right answer is option D.

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Suppose you are salesperson for a company that manufactures and sells industrial equipment. Two or three of your key accounts pe
algol13

Answer:

d. Form a close partnership with individuals involved in order fulfillment (e.g., shipping and transportation) in an effort to make sure they are committed to meeting the special delivery requirements of those key accounts.

Explanation:

The sales person should make a close partnership with order fulfillment department in order to meet special delivery requirements by the key accounts. If the special delivery needs of key accounts is not addressed then they may discontinue buying the equipment from the company. To retain the key accounts the sales person has to ensure the order fulfillment team is committed in meeting the special delivery requirements by those key accounts.

5 0
3 years ago
Bilateral and multilateral agreements around the world as well as the achievements of the World Trade Organization will help the
Orlov [11]

Answer:

overcome the challenge of deciding about further enlargement

Explanation:

The World Trade Organization main goal is to eliminate both tariff and non-tarrif barriers in world trade. It has 164 members states, and has been largely successful in this goal.

These achievements, as well as the achievements of other multilateral trade agreements help the European Union overcome debates about further enlargement and integration because not only do they lay the foundation for future economic integration, but also they represent empirical evidence that proves that economic integration is largely benefitial to signing countries.

5 0
3 years ago
Ler Ben receives $1,000 from a customer for deposit into the customer's bank account. Instead of placing the mo , Ben puts it in
Kay [80]

Answer:

The offense committed by Ben is;

D. Embezzlement

Explanation:

While conducting business, there are numerous activities that are considered an offense. An offense is a crime that is punishable in a court of law. Some examples of offenses that can be committed in business are;

1. Forgery

Forgery is the act of imitating a writing in which the legal rights and obligations of the person is affected in one way or another. Forgery is majorly done for false misrepresentation. Some of the items that can be forged are; documents, signatures, banknote or even a work of art. Forgery is a criminal offense.

2. False entries

A false entry is a deliberate mistake in writing or oral meant to trick or confuse an entity mostly used to get money dishonestly. A false entry is also a criminal offense.

3. False token

A false token is a dishonest mark or symbol that is used to commit crime. The use of false tokens is also a crime.

4. Embezzlement

Embezzlement is the stealing of funds from a government, company or a business by an individual who the funds were entrusted. An example is Ben who misappropriated $1,000 that was meant to be deposited in a customer's bank account by putting it in his own pocket.

5 0
3 years ago
Race entered into a written contract to sell a parcel of land to Lark for $150,000. At the time the agreement was executed, Race
k0ka [10]

Answer:

<em>Voidable at Race's option. </em>

Explanation:

If the individual was so<em> impaired at the time the contract was created that the individual was unable to comprehend what he or she was doing, a person could dis-affirm or revoke.</em>

Because the ability of Race to understand the true nature or conditions of the contract has been substantially compromised, Race (Race will dis-affirm) has voidable the contract.

4 0
3 years ago
Cosden Corporation is an oil well service company that measures its output by the number of wells serviced. The company has prov
tester [92]

Answer:

Explanation:

Fixed cost per month Variable cost per well Revenue $4,700 Salaries and Wages $41,300 $1,000 Service Materials $600 Other Expenses $40,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells would have been serviced. However, 31 wells were actually serviced during May. Prepare the Planning Budget, Flexible Budget and variance analysis for Cosden Corporation.

<u>                        Planning Budget    Flexible budget      variance- Fav/(Unfav) </u>

Revenue                 4700*29               4700*31                        9400

                                = 136300             = 145700

Less:    

Salaries and wages  41300+1000*29  41300+1000*31          (2000)

                                     = 70300            = 72300

Service material      600*29 = 17400        600*31 = 18600     (1200)

Other expense         40200                    40200                        0

Profit                       8400                         14600                        6200

7 0
3 years ago
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