Answer:
$2,640,000
Explanation:
Given the above information,
Creditor's claim is computer as
= Assets - Common stock - retained earnings
Given that
Assets = $4,345,000
Common stock = $1,076,000
Retained earnings = $629,000
Creditor's claim on their asset = $4,345,000 - $1,076,000 - $629,000
= $2,640,000
Answer:
November 30
Explanation:
Based on Generally Accepted Accounting Principles,( GAAP) , revenue can be recognized once the goods/servicehas been delivered. whenever sales is made, may be the company has gotten the payment for the sale of has not gotten it. The revenue recognition principle can be regarded as basis of accrual accounting as well as matching principle, all these helps to know the accounting period that revenues as well as expenses can be recognized.
From the question, on 30th November, there was large sales made by the flower shop , though payment received on December 10, Therefore, the $1,000 considered to be recognized on November 30.
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Answer:
Hedge funds
Explanation:
A mortgage is a long-term loan facility used to finance the purchase of homes and other properties. It is a long-term loan due to the high amount that needs to be borrowed. Customers in need of a mortgage facility may go to a bank, mortgage bankers, or savings and loan institution.
A hedge fund is a portfolio investment instrument. It is an association between a professional fund manager and investors. They pool their resources together in diversified investments. The investors are passive while the fund manager aggressively invests the funds r to generate higher returns to the investors.