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navik [9.2K]
3 years ago
14

True or false: When considering the elimination of a segment, management should look at more than the segment's performance repo

rt.
Business
1 answer:
Varvara68 [4.7K]3 years ago
3 0

Answer:Yes

Explanation:Yes

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Business ____ is an overview that describes a company's overall functions, processes, organization, products, services, customer
nirvana33 [79]

Answer: Business profile

Explanation:

Business profile is referred to as or known as the profile that is designed in order to have an overview of the organization, business and their business plan. It tends to provide the readers with quick overview of the business, also including the values and the objectives, so as they tend to get the immediate feel of what they are doing and where they are headed.

7 0
3 years ago
What is broad​ averaging, and what consequences can it have on​ costs?
mrs_skeptik [129]
 What is broad​ averaging, and what consequences can it have on​ costs? Broad averaging is when a company or organization spreads the cost of resources across different objects to help the individual products or services stay equal. When a company does this they are assigning the costs of resources uniformly to cost objects. Broad averaging directly relates to costs because they can mislead an organizations data reports by spreading out the costs inappropriately. <span>
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7 0
3 years ago
Read 2 more answers
Sally is in the business of purchasing accounts receivable. Last year, Sally purchased an account receivable with a face value o
marusya05 [52]

Answer:

Sally’s basis in the Account Receivable is $60,000

She has a bad debt deduction of $0. There is no Bad debt deduction for Sally. Rather she made a profit on the transaction.

Explanation:

The Account Receivable can be defined as a Debt Instruments. Debt instruments in accounting are valued at Lower of Cost or Net Realizable Value.  

Cost is the amount of cash or its equivalent that was expended to obtain an asset. The cost of this Account Receivable therefore is 60,000

Net realizable value (NRV) is the value that can be realized from the sale of an asset. Net Realizable value of the Account Receivable therefore is 80,000.

Therefore the value to be utilized as the value of the Account Receivable 60,000.

Below is the accounting entries to record the transaction and recognized profit.

For the Face Value of the Debt    

Debit: Account Receivable Account(Debtors)    60,000.00    

Credit: Account Receivable Purchase Account      60,000.00  

     

For the payment of the A/R    

Debit: Account Receivable Purchase Account    60,000.00    

Credit: Bank      60,000.00  

     

For the settlement received on the A/R    

Debit: Bank    65,000.00    

Credit: Account Receivable Account(Debtors)       60,000.00  

Credit: Profit & Loss        5,000.00  

8 0
3 years ago
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of c
anyanavicka [17]

Answer and Explanation:

The classification is as follows

1.

A. financing activity = Cash outflow  as cash is gone

B. Operating activity  = Cash inflow as cash is received

C.  Operating activity  = Cash outflow  as cash is gone

D. Financing activity  = Cash outflow  as cash is gone

E. Investing activity  = Cash outflow  as cash is gone

2.

A. Investing activity  = Cash outflow  as cash is gone

B, Investing activity  = Cash inflow as cash is received

C.  Operating activity  = Cash outflow  as cash is gone

D.  Operating activity  = Cash inflow as cash is received

E.  Operating activity  = Cash inflow as cash is received

F.financing activity  = Cash inflow as cash is received

8 0
3 years ago
Zen Co. sells a copier machine for $2,000. The copier cost Zen $6,000 and at the time of sale, accumulated depreciation was $2,5
Alenkinab [10]

Answer:

The correct option is: Debit to Loss on Disposal of Machinery for $1,500.

Explanation:

As at the time of sale, the net book value (cost - accumulated depreciation) of the copier machine was $3,500 ($6,000 - $2,500). Then, the proceed from sale is $2,000. The full accounting entries to record the transaction will be:

Debit Accumulated depreciation                          $2,500

Debit Cash (sales proceed)                                   $2,000

Debit Loss on disposal of machinery                    $1,500

Credit Fixed asset (cost - copier machine)           $6,000

<em>(To record disposal of copier machine)</em>

8 0
3 years ago
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