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Norma-Jean [14]

2 years ago

11

Many people have larger amounts of debt in America than before, and people have become hesitant to take loans out for new cars.

All other things being equal, what would car dealership do with their financing in this new market environment

1 answer:

Scorpion4ik [409]2 years ago

7 0

Answer:

they will increase their rates of loans

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A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Stat

vfiekz [6]

Answer:

See explanation section

Explanation:

See image below to get the possible answer:

3 0

2 years ago

The amounts for recording properties and services purchased by a business are determined using the:______.

Alex17521 [72]

The amounts for recording properties and services purchased by a business are determined using the cost concept.

<h3>Which principle determines the amount initially entered into the records for purchases?</h3>

A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.

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5 0

2 years ago

A(n) blank______ model is a plan that details how a company creates, delivers, and generates revenues.

Lelechka [254]

A(n) blank Business model is a plan that details how a company creates, delivers, and generates revenues.

<h3>What exactly is a business model?</h3>

An organization's conceptual framework, which includes its mission, objectives, and continuing strategies for accomplishing them, is known as a business model.

A business model is essentially a specification outlining how a company achieves its goals.

<h3>A successful business model is what?</h3>

As an illustration, Clay Christensen of Harvard Company School proposes that a business model should include four components: a customer value proposition, a profit formula, essential resources, and key procedures.

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6 0

2 years ago

A company's unadjusted trial balance shows a debit balance in the allowance for doubtful accounts. This means that a. The compan

ELEN [110]

Answer:

d. Both a and b above are correct.

Explanation:

In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance

Hence, the last option is correct

3 0

2 years ago

Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of

Sati [7]

Answer:

For the tear 2019, net income is 40,000

Beginning of the year 2019, asset of the S are 200,000

Ending of the year 2019, asset of the S are 300,000

Average asset for 2019= Beginning assets + Closing assets / 2

Average asset for 2019= 200,000 + 300,000 / 2

Average asset for 2019= $250,000

Return on assets = Net income / Average assets * 100%

= 40,000 / 250,000 * 100

=16%

Thus, the return on assets is 16%

Conclusion: If the average return of assets of the competitors are 11%, It means S uses the assets efficient manner, so performance of the S is very good ad return of the S is higher than competitors on asset

8 0

2 years ago