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goblinko [34]
3 years ago
13

Which of the following does not represent an asset of a company?

Business
1 answer:
mariarad [96]3 years ago
3 0

Answer:

4. Amounts owed to suppliers

Explanation:

We know that

Balance sheet comprises of assets, liabilities and the stockholder equity

The assets could be classified into current asset, fixed asset, and the intangible assets

While the liabilities are also classified into current liabilities and the long term liabilities  

The account receivable, equipment, supplies have come on the asset side of the balance sheet whereas the account payable or amount owed to suppliers have come on the liabilities side of the balance sheet

So, the most appropriate option is 4.

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Irwin Company has budgeted direct labor hours for the coming three months as follows: July, 6,500 hours; August, 8,100 hours; an
Effectus [21]

Answer:

the  budgeted manufacturing overhead for August is $40,030

Explanation:

The computation of the budgeted manufacturing overhead for August is shown below:

= Budgeted manufacturing overhead + direct labor hour rate × direct labor hours for august

= $13,300 + $3.30 × 8,100 hours

= $13,300 + $26,730

= $40,030

Hence, the  budgeted manufacturing overhead for August is $40,030

8 0
3 years ago
यासकी-चान को अपने बेड़ पर चढ़ाने के लिए तोत्तो-चान ने अथक प्रयास
Fittoniya [83]

उत्तर

यासाकी चान

दृढ़निश्चयी था और एक मेहनती कार्यकर्ता था।

4 0
3 years ago
A company investing borrowed funds expects to earn a return greater than the interest it will pay for the use of funds is using
Naddika [18.5K]

Answer:

Financial leverage

Explanation:

Financial leverage is defined as the use of borrowed funds to perform a business activity or investment that is expected to have higher returns than the cost of borrowing the money (interest).

When a company is looking for funds for its activities there are 3 options they can use: equity, debt, or lease.

Use of equity is the only option where no extra cost is incurred for use of funds.

When using debt or lease cost of use is incurred. The business will need to engage in an activity that will give it revenue above cost of debt.

This practice is called use of financial leverage.

3 0
3 years ago
Does Caroline have any closed accounts? How long does a closed account stay on a persons credit report?
Elden [556K]
It stays on for seven years.
3 0
3 years ago
Read 2 more answers
Corporation has found that ​% of its sales in any given month are credit​ sales, while the remainder are cash sales. Of the cred
Reika [66]

Answer:

Some information is missing, specifically the % of credit sales. Similar questions use 80%, so I will use that %. Also, November sales were $85,000 and December sales were $115,000.

<h2>                               <u>Cash collections budget</u></h2>

                                                January              February             March

Cash sales                               $30,000            $26,000              $35,000

Collection from Nov. sales      $16,320

Collection from Dec. sales     $36,800             $22,080

Collection from Jan. sales      $24,000            $48,000              $28,800

Collection from Feb. sales                                $20,800               $41,600

<u>Collection from March sales                                                          $28,000</u>

Total cash collections            $107,120             $116,880             $133,400

3 0
3 years ago
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