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Inessa [10]
4 years ago
9

Receivables are valued based on their ________.

Business
1 answer:
elixir [45]4 years ago
4 0

Answer:

b. estimated amount collectible

Explanation:

In Financial accounting, Receivables are also known as Account Receivable. Receivables are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.

Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.

<em>Hence, receivables are valued based on their estimated amount collectible from customers for the goods and services taken. </em>

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According to Thorstein Veblen, a successful businessman would be most likely to demonstrate his worth to others by:_______. a. a
nata0808 [166]

Answer:

The correct answer is D

Explanation:

Worth is the word which is described as the value of the business or the net worth which is assets minus liabilities.

In accordance with the Veblen, the concept or the idea of the conspicuous consumption is developed or created. It is believing that the rich person or people are very concerned in showing off their wealth in order to prove their success in from of others.

So, Veblen would likely demonstrate their worth by purchasing the expensive jewels for his wife and then showing off the jewels at the parties.

7 0
4 years ago
Madison Corporation purchased 40% of Jay Corporation for $400,000 on January 1. On June 20 of the same year, Jay Corporation dec
labwork [276]

Answer:

E. $560,000

Explanation:

Balance of Long term Investment  

= Value of Investment  - Pre Acquisition Dividend ($100,000*40%) + Share of Net Income ($500,000*40%)

= $400,000 - $40,000 + $200,000

= $560,000

Therefore, The balance in Madison Corporation's Long-Term Investment-Jay Corporation account as of December 31 should be $560,000.

8 0
3 years ago
Sam closed the doors to her home-based consulting company only two years after opening because she was tired of working 80-hour
blondinia [14]

Answer:

There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.

Explanation:

There are many advantages to opening a new business. When you are an entrepreneur it is easy to get lost in all the benefits and don't pay attention to many os its disadvantages.

A big disadvantage is that you are always at work, you are working everywhere at all times. There are no off days, if you’re not working, then you’re not earning. You don’t need to be engaged 24/7 to have a chance at success in the world of entrepreneurship, but you will be working a lot more often.

Most people who find success in the world of entrepreneurship are working longer, harder days than the average “traditional” employee. You do have some flexibility when putting in those hours, so you can structure medical appointments, school visits, and other family needs within your day. You do not have the luxury of cutting back on your hours most days.

There is sacrifice to having your own business. Sam wasn't ready to invest the hours needed to make it on his own.

3 0
3 years ago
How can you recognize a commercial vessel towing at night?
natka813 [3]
You can recognize a commercial vessel towing at night by its towing light based on the boat safety rules. A commercial boat has one light or more which indicates it is towing or not at the night time. This light has a yellow color and this light is called the towing light which functions as a towing sign for a commercial vessel<span>.</span>
5 0
4 years ago
Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her emp
puteri [66]

Answer:

$2,300

Explanation:

Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.

The excludable amount or deduction is $1,600 out of total amount of awards.

Total amount of awards = Design + Graphic + Employee  of the year

                                         = $1,340 + $1,775 + $785

                                          = $3,900

Taxable awards = Total amount of awards – Excludable amount

                            = $3,900 – $1,600

                             = $2,300

However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.

8 0
3 years ago
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