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4 years ago

Match the description in the right column with the information characteristic in the left column.

Business

1 answer:

9966 [12]4 years ago

3 0

Answer and Explanation:

1. Relevant F. An accounts receivable aging report used

in credit granting decisions

2. Reliable E. A report checked by 3 different people for

accuracy

3. Complete D. An accounts receivable aging report that

included all customer accounts

4. Timely G. An accounts receivable aging report

was received before the credit manager

had to make a decision whether to

extend customer credit

5. Understandable A. The report was carefully designed so

that the data contained on the report

became information to the reader

6. Verifiable C. The data on a report was checked by

two clerks working independently

7. Accessible B. The manager was working one weekend and needed to find some information about production requests for a certain customer. He was able to find the report on the company’s network.

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Select the FALSE statement from below:

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Answer:

C. Given the limited resources, emergency managers should encourage groups to provide unsolicited donations.

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4 years ago

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An intangible asset

Alexxx [7]

Answer:

The correct answer is letter "C": does not have physical substance, yet often is very valuable.

Explanation:

Physically, intangible assets do not exist but they are important since they represent potential revenue. Types of intangible assets include brand recognition, intellectual property and legitimate patents such as patents, trademarks, and copyrights. Intangible Assets do not have value for accounting recording purposes.

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3 years ago

An airplane has 175 seats. Because some ticketed passengers do not show up, the airline sells 180 seats. The probability that a

Tanya [424]

Answer:

The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364

Explanation:

X = number of passengers show up

X follow binomial distribution with n = 180 ,

p = 1 - 0.05

= 0.95

P(X = 178) = binom.dist(178,180,0.95,0)

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Therefore, The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364

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4 years ago

Number of units sold 20,000 Selling price per unit $ 30 Variable selling expense per unit $ 3.2 Variable administrative expense

Fantom [35]

Answer: $137,000

Explanation:

Contribution margin = Sales - Variable expenses

Sales (30 * 20,000) $600,000

Cost of Goods sold(24,000 + 340,000 - 19,000) ($345,000)

Variable selling expense (3.2 * 20,000) ($64,000)

Variable administrative expense (2.7 * 20,000) ($54,000)

Contribution margin $137,000

Cost of goods sold = Beginning merchandise + Purchases - Ending merchandise

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3 years ago

Grace is president of Mayweather Farm, one of the largest pork producers in the U.S. A business consultant tells Grace that if s

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Answer:

Explanation:

Milton Friedman had the belief that businesses has only one social responsibility and this involved the engaging in economic activities and using available resources that can cause increments in profits. Simply put Friedman believed that making profits should be the goal of businesses. And people should use resources they have available to increase their profits.

Following this, it would be advisable for Grace to follow the business consultants advice of injecting the pigs since it would then cause her less to run The business and still increase the gross profit from the farm by 20 percent more each year. This means an increment in profits.

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4 years ago