3 years ago

What is management ?

1 answer:

3 0

Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

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In the long run the unemployment rate equals select one:

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The natural rate of unemployment

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2 years ago

King corporation owns machinery with a book value of $760,000. It is estimated that the machinery will generate future cash flow

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Answer:

King should recognize a loss on impairment of $60,000

Explanation:

In terms of IAS 36, Impairement happens when the Carring Amount of an Asset is Higher than the Recoverable Amount of an Asset.

Recoverable Amount

Recoverable Amount is the Higher of :

(a) Assets Value In Use, and

(b) Fair Value Less Cost to Sell

therefore:

Assets Value In Use = $700,000

Fair Value Less Cost to Sell = $560,000

therefore Recoverable Amount is $700,000 ( higher)

Carrying Amount

Book Value = Carrying Amount = $760,000

Impairement Anaylsis

Carrying Amount ($760,000) > Recoverable Amount ( $700,000)

Recognised Imparement loss is $60,000 ($760,000- $700,000)

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2 years ago

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following fina

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Answer:

Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $31,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,100 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)

Explanation:

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2 years ago

During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on

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Answer:

The journal entries are as follows:

(a) On April 1, 2015

Notes receivable A/c Dr. $7,000

To Service revenue $7,000

(To record provide services to customer on account)

(b) On June 1, 2015

Notes receivable A/c Dr. $11,000

To Cash $11,000

(To record company lends to one of the vendors)

(c) On November 1, 2015

Notes receivable A/c Dr. $6,000

To Accounts Receivables $6,000

(To record accepts payment for prior services)

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3 years ago

Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bon

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Answer:

A. debit to Interest Receivable for $2,000

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3 years ago

What is management ?​

What is management ?