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3 years ago

The council of better business bureaus is a national organization devoted to consumer service and _____.

1 answer:

5 0

The council of better business bureaus is a national organization devoted to consumer service and business self-regulation.

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On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin

sineoko [7]

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

patent of Grand heaven

debit credit

36,000 recognize at purchase

4,000 december 31th amortization

32,000 balance.

3 0

3 years ago

Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used ca

lakkis [162]

Answer:

D. asymmetric information.

Explanation:

Owners of defective used cars have more information about the condition of their vehicles than potential buyers of those used cars. This is an example of an asymmetric information.

An asymmetric information can be defined as a situation wherein there's an imperfect flow of information or knowledge between the buyer and the seller of a product; sellers having more knowledge than the buyer of a product.

4 0

3 years ago

If the cost of goods sold is more than the cost of goods manufactured, then

ivann1987 [24]

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is produced, while cost of goods sold (COGS) increases when finished goods inventory is sold. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

8 0

3 years ago

Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $50,000; accounts payable, $38,000; mer

Bumek [7]

Answer:

Long Print Shop

Balance sheet for the year ended December 31, 2020

Amount in $ Amount in $

Assets

Non-current asset

Equipment 20,000

Current assets

Merchandise inventory 14,000

Cash 50,000

Total current asset 64,000

Total assets 84,000

Liabiities

Accounts payable 38,000

Total liabilities  38,000

Equity

Capital 46,000

Total equity 46,000

Total liabilities and equity 84,000

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

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3 years ago

the key to being a good follower is to think for oneself and to work well without close supervision. this is referred to as ___

swat32

The answer is, "this is referred to as self-management".

There are four essential Qualities of Effective Followers, which includes;
Self-management
Commitment
Competence and focus
Courage
Self management is considered as the key to being a good follower. Effective group members can see themselves as they are as capable as their leaders.

4 0

3 years ago