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Vanyuwa [196]
3 years ago
14

A short-term debt is the same thing as a debt. A. Current B. Liquid C. Tragic

Business
2 answers:
Elina [12.6K]3 years ago
7 0
I believe the answer is A.current
yan [13]3 years ago
5 0

Answer:

the answer is A. Current

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Class, inc., expects to sell 22,000 pool cues for $ 12.00 each. direct materials costs are $ 2, direct manufacturing labor is $
Harlamova29_29 [7]

Answer:

Production= 23,700 units

Explanation:

Giving the following information:

Class, inc., expects to sell 22,000 pool cues for $ 12.00 each.

The following inventory levels apply to 2019:

finished goods inventory beginning 1,800 units

finished goods inventory ending 3,500 units

We need to calculate the production for 2019 using the following formula:

Production= Sales + ending inventory - beginning inventory

Production= 22,000 + 3,500 - 1,800= 23,700 units

8 0
4 years ago
The main feature of fractional reserve banking is that banks:
Klio2033 [76]

Answer:

c) keep a portion of deposits in reserves but lend out the rest.

Explanation:

Fractional reserve banking -

It is the system , where the fraction of the bank deposits are backed by the actual cash money on hand and is for the withdrawal purpose .  

This helps to expand economy of the country , by lending more .  

The bank reserves certain amount with itself and the rest amount is given for the lending purpose .

5 0
4 years ago
Listed below are several statements that relate to financial accounting and reporting. Identify the basic assumption, broad acco
larisa [96]

Answer:

1. Jim Marley is the sole owner of Marley's Appliances. Jim borrowed $100,000 to buy a new home to be used as his personal residence This liability was not recorded in the records of Marley's Appliances

  • ECONOMIC ENTITY PRINCIPLE: the activities of a business must be kept separate form the activities of its owners

2. Apple Inc. distributes an annual report to its shareholders

  • TIME PERIOD PRINCIPLE: companies must report their financial statements over standard or fixed periods of time, e.g. monthly, quarterly or annually

3. Hewlett-Packard Corporation depreciates machinery and equipment over their useful lives

  • EXPENSE RECOGNITION: expenses must be recorded during the time periods that they actually occur

4. Crosby Company lists land on its balance sheet at $120,000, its original purchase price, even though the land has a current fair value

  • HISTORICAL COST PRINCIPLE: assets must be recorded at purchase cost and the only adjustment can be accumulated depreciation

5. delivered to customers, even though the cash has not yet been

  • THIS PART IS INCOMPLETE, BUT I BELIEVE IT REFERS TO THE REVENUE RECOGNITION PRINCIPLE: revenue must be recognized once the earning process has been completed and not necessarily when the cash is received.

6. Liquidation values are not normally reported in financial statements of $200,000 Honeywell International Inc. records revenue when products are received even though many companies do go out of business

  • GOING CONCERN PRINCIPLE: this principle assumes that the business will continue to operate in the foreseeable future

7. IBM Corporation, a multibillion dollar company, purchased some small tools at a cost of $800. Even though the tools will be used for a number of years, the company recorded the purchase as an expense

  • MATERIALITY: a company must record all the transactions that may affect the decision making processes. In this case, a tool will not make any difference on a multibillion dollar company.
5 0
3 years ago
Suppose that in an​ economy, investment is​ $160 billion, saving is​ $140 billion, government expenditure on goods and services
Hatshy [7]

Answer:

Tax revenue is 120 billion dollars

The government budget balance is -30 billion dollars

5 0
3 years ago
Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves exp
rewona [7]

Answer:

D. V fell.

Explanation:

According to the quantity theory :

Money Supply x Velocity = Price x Output

If money supply is fixed, price is directly proportional to velocity.

If price fell, then velocity also fell.

V fell and Y rose

3 0
3 years ago
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