1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
2 years ago
13

An electronics store wants to clear the warehouse of all television models

Business
1 answer:
Assoli18 [71]2 years ago
8 0

Answer:

$600

Explanation:

just took the test

You might be interested in
Which of the following is one effect of a purchase of $600 of supplies on credit? Select one:
Norma-Jean [14]

Answer:

d. It would increase liabilities by $600

Explanation:

Supplies are part of inventory, and when inventory is purchased it increases assets.

But is it purchased against cash then there is no change as assets in the form of cash is reduced by same.

Further, if these are purchased on credit then the balance of liabilities increases as the increase in liabilities and increase in assets keep the balance sheet equation matching.

Thus, purchasing on credit will increase the liabilities.

5 0
3 years ago
In a Chapter 11 bankruptcy, a class of creditors is considered to have accepted the bankruptcy plan when: Group of answer choice
anygoal [31]

Answer:

In a Chapter 11 bankruptcy, a class of creditors is considered to have accepted the bankruptcy plan when:

one-half of the class in number and two-thirds of the class in dollar amount agree.

Explanation:

In a Chapter 7 bankruptcy, the business assets are liquidated to pay the creditors.  In a Chapter 11 bankruptcy, the business assets are not liquidated.  Instead, the business is refinanced as the assets and debts are reorganized, making it possible for the continued existence of the business.  This is the reason the agreement of the creditors are usually paramount in the decision to undergo a Chapter 11 bankruptcy, unlike a Chapter 7 bankruptcy.

7 0
3 years ago
Karin Company's loan is due on July 1, 2018. What conditions must Karin meet (at a minimum) so that the note can be classified a
Sindrei [870]

Answer: D. A & C

Explanation:

A long term liability is one that is due to be paid in a period longer than a year. The loan is due in less than a year so the only way to classify it as a long term liability is to make it a loan that will extend past a year. This can be done through refinancing which is to replace the current loan with another loan.  

Karin's company therefore would need to demonstrate that the obligation can be refinanced on a long-term basis by them and they must also have the intention to do so as well.

8 0
3 years ago
How much does it cost to get your ears pierced at walmart?
bazaltina [42]

Answer: 10-35 USD

Explanation:

5 0
2 years ago
Read 2 more answers
Randy Jones, regional director for CVS Minute Clinic, recently brought together a team made up of individuals with varying speci
Natasha2012 [34]

Answer:

Problem solving team.

Explanation:

You're welcome

3 0
3 years ago
Other questions:
  • The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate
    8·1 answer
  • With a global strategy for conducting business internationally, a company competes primarily ________.
    12·1 answer
  • Profit plays an important role in business give any four reason to justify the statement
    10·1 answer
  • The ability to use technology and commitment to stay informed on the latest technological developments is calledb
    8·1 answer
  • Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current y
    7·1 answer
  • When you purchase shares of a company in the market, who are you buying those shares from?
    6·1 answer
  • The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?
    15·1 answer
  • Depreciation calculation methods—partial year Freedom Co. purchased a new machine on July 2, 2013, at a total installed cost of
    9·1 answer
  • Knowledge Check 01 Feline Watch Company makes wrist watches out of silver metal sheets. Feline sold 200 watches in the month of
    15·1 answer
  • Payroll entries.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!