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mamaluj [8]
3 years ago
15

The concept of permanent current assets reflects the fact that some components of current assets do not shrink to zero even when

a business is at its seasonal or cyclical low. Thus, permanent current assets represent a minimum level of current assets that must be financed.a) trueb) false
Business
1 answer:
Amiraneli [1.4K]3 years ago
4 0

Answer:

The answer is True

Explanation:

Solution

The statement above from the question is TRUE because the concept of permanent current assets considers the fact that some components of current assets do not diminish to zero even when a business is at its seasonal or recurring low.

Thus, permanent current assets displays or shows a minimum level of current assets that must be financed.

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Maple Farms, Inc. v. City School District of Elmira. Read the summary of the court opinion. Could something like this bankrupt a
tester [92]

The correct answers to these open questions are the following.

Maple Farms, Inc. v. City School District of Elmira.

Could something like this bankrupt a company?

Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.

Do you agree with the decision?

It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.

In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.

That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.

8 0
3 years ago
If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin
Dmitrij [34]

Answer:

reduce output

Explanation:

The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.

A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).

I hope my answer helps you

5 0
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This tax is locally assessed, varies according to the worth of land and goods on it, and generally funds things like public scho
andre [41]

Answer:

Property

Explanation:

I Did it

7 0
2 years ago
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nata0808 [166]

Despite that 4Ps helped to remember the basics components of the <u>marketing mix</u>, they do not reveal all the components in the marketing process.

<h3>What is Marketing 4Ps?</h3>

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The Marketing 4Ps includes price, product, promotion and place.

However, the marketing mix does not reveal all the components in the marketing process.

Read more about Marketing 4Ps

<em>brainly.com/question/859394</em>

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One of the disadvantages of using electronic money is it is possible to lose track of one's budget.
pshichka [43]

the right answer is TRUE, i got it wrong for putting it as false

5 0
4 years ago
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