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
mariarad [96]
3 years ago
9

True or False: The date line of a balance sheet depicts a specific day and not a period of time.

Business
1 answer:
GalinKa [24]3 years ago
6 0
The answer is true, hope that helps!!
You might be interested in
All of the following are business-level cooperative strategic alliances EXCEPT: a. competition response strategic alliances. b.
wel

<u>Answer:</u>

All of the following are business-level cooperative strategic alliances EXCEPT D) Synergistic strategic alliances.

<u>Explanation:</u>

Business-level Cooperative strategies are used by the firms when they want to grow and improve the performance in the market of individual products. All this is achieved through various strategic alliances: Complementary Strategic Alliance, Competition-response, Uncertainty-reducing, and Competition-reducing strategic alliance. These alliances help overcome various problems of a business in the corporate world.

After listing all these strategies, it is clear that a Synergistic strategic alliance is not a part of business-level cooperative strategic alliances which means that option D is the correct choice.

Synergistic strategic alliance is a kind of agreement among business entities where they can work together to increase their overall output.

6 0
3 years ago
The following are several of the accounts from a recent balance sheet.
Burka [1]

Answer:

<u>Account Name</u>      <u>Balance Sheet Classification</u>    <u>DR or CR Balance </u>

1. Accounts Receivable                    CA                       Debit

2. Prepaid Expense                    CA                        Debit

3. Inventories                                    CA                       Debit

4. Long-Term Debt                   NCL                 Credit

5. Cash and Cash Equivalent    CA                 Debit

6. Accounts Payable                    CL                 Credit

7. Income Tax Payable                    CL                 Credit

8. Contributed Capital                    SE                         Credit

9. Property Plant and Equipment    NCA                 Debit

10. Retained Earning                    SE                  Credit

11. Short-Term Borrowing            CL                 Credit

12. Accrued Liabilities                    CL                 Credit

13. Goodwill (an Intangible Asset)  NCA                 Debit

 

Explanation:

6 0
3 years ago
Are there any similarities between the characteristics demanded of an entrepreneur and those of a professional athlete? Would an
pychu [463]

Answer:

The demands of an entrepreneur and a professional athlete are more comparative than one may expect.

Explanation:

Professional athlete are required to place in extended periods of time, remain submitted, deal with their bodies, keep an expert notoriety, and deal with their own image. An entrepreneur must work unusual hours, stay with their objectives, deal with themselves, arrange and keep up great associations with sellers and clients, and advance their organisation. So yes they both have similarities and an athlete can work as an entrepreneur because he knows how to work with team members and how to stay on objectives.

4 0
3 years ago
During the​ year, credit sales amounted to​ $820,000. Cash collected on credit sales amounted to​ $780,000, and​ $15,000 has bee
Katena32 [7]

Answer:

The ending balance in the Allowance for Bad Debts is​ 20,500 CREDIT

Explanation:

The ending balance of Allowance for bad debts would be the 2.5% of sales

The adjustment is made to get the allowance for Bad Debt match the estimate uncollectible ammounts.

Notice it state <em>"company adjusted for bad debt expense"</em>

This means<u> it debit this account as much as it needed to be</u> to make allowance match the estimate allowance.

The write-off are transaction durign the period. They are irrelevant

So the ending balance is:

<em>2.5% of credit sales of 820,000 = $20,500</em>

It is important to remember that <u>Allowance is a counter-asset account</u>. His <em>normal balance is credit</em>, so the<u> final balance is credit.</u>

3 0
3 years ago
Aeryn Soon is a potential investor of Hippy Dippy Inc.’s preferred stock, which is currently selling for $475 per share. Hippy D
Ksju [112]

Answer:

Yes she should purchase this preferred stock.

Explanation:

Return on investment as a percentage = return/capital invested * 100

For Aeryn to decide whether she should purchase this preferred stock, its return on investment should be higher than or equal to 8%. The return on investment of this preferred stock is $40/$475 * 100 = 8.42%, which is higher than her required return therefore she should purchase the preferred stock.

5 0
3 years ago
Other questions:
  • Compare the pros and cons of the internal and external recruitment of human resources.
    6·1 answer
  • Which of the following are elements you should include in meeting minutes? Check all that apply.
    6·1 answer
  • If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
    15·1 answer
  • If total spending rises from one year to the next, then a. the economy must be producing a larger output of goods and services.
    9·1 answer
  • What term describes the execution of business transactions in a paperless environment, primarily through the Internet
    5·1 answer
  • _______________ of well-to-do individuals often put their own money into small new companies at an early stage of development, i
    11·1 answer
  • Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can
    9·1 answer
  • Your cover letter should be no more than 1 page each
    5·1 answer
  • At the end of 2019, Uma Corporation is considering a major long-term project in an effort competitive in its industry. The produ
    9·1 answer
  • THis is funny lol my class is boring hehe I need help with my homework who can be my homework boy/girl?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!