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3 years ago

Current assets are those assets that can be converted into cash within:

Business

1 answer:

alukav5142 [94]3 years ago

4 0

Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.

Current Assets are presented first on a balance sheet and arranged in order of liquidity.

Examples of current assets are cash ,

cash equivalents , short-term investments, accounts receivable and stock inventory.

I hope my answer helps you

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The following items appear on the balance sheet of a company with a two-month operating cycle. Identify the proper classificatio

julsineya [31]

Answer:

Notes payable(due in 13 to 24 months)-L

Notes payable (due in 6 to 12 months)-C

Notes payable (mature in five years)-L

Current portion of long-term debt-C

Notes payable(due in 120 days) -C

FUTA taxes payable -C

Accounts receivable-N

Sales taxes payable-C

Salaries payable-C

Wages payable-C

Explanation:

A liability is a current one if it is due between today and the next one year(12 months),however any liability whose payment date is beyond one year is classified as long-term liability.

7 0

3 years ago

One place where the average viewer is likely to be exposed to avant-garde cinema (or at least its influence) is in:

Liono4ka [1.6K]

A place by which an average viewer is likely to be exposed to an avant-garde cinema or at least its influence is in commercials. Commercials are defined as something that is being showed or viewed in radio advertisement or television by which it emphasizes a message that can be done through acting or any sort of activity that promotes something.

8 0

3 years ago

Companies striving for global market leadership pursue strategic alliances or collaborative partnerships with foreign companies

FrozenT [24]

Answer:

get into critical country markets quickly, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Some examples of international economic organizations involved in global economy and trade are;

I. World Trade Organization (WTO).

II. United Nations (UN).

III. International Monetary Fund (IMF).

IV. United Nations Conference on Trade and Development (UNCTAD).

When a company or business firm strive for global market leadership, its main focus would be to pursue strategic alliances or collaborative partnerships with foreign companies. This would enable it get into critical country markets quickly and effectively, it would also gain an inside knowledge and understanding about unfamiliar markets, consumer demographics and cultures, as well as getting hold of valuable skills and competencies that are concentrated in specific geographic locations in the world.

6 0

3 years ago

Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,400 tires to the Nixon Car Company for $55 e

Lunna [17]

Answer:

Dr Accounts receivable $77,000

Cr Sales $77,000

Payment within discount period:

Dr Cash $75,460

Dr Discount allowed $1540

Cr Accounts receivable $77,000

When payment is not made within discount period, the necessary entries would be:

Dr Accounts receivable $77,000

Cr Sales $77,000

Payment within discount period:

Dr Cash $77,000

Cr Accounts receivable $77,000

Explanation:

Upon sales on July 15 ,2021 the total sales value of $77,000 ($55*1400) is credited sales account and debited to account receivables.

Collection of cash on July 23 ,2021 implies that the payment was collected within the discount period,hence the amount received is selling price less 2% discount, and as a result cash collected is $75460 ($77000*98%)

When payment is made on August 15, no discount is given has discount period has lapsed.

3 0

3 years ago

If the four largest firms in an industry produce 20, 10, 7, and 3 units of output, respectively, and total industry output is 10

GrogVix [38]

Answer:

40%

Explanation:

The four firm concentration ratio calculates the concentration ratio of the 4 largest firms in an industry.

Four firm concentration ratio = 0.2 + 0.1 + 0.07 + 0.03 = 0.4 = 40%

7 0

3 years ago