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3 years ago

True or false: Merchandise inventory is generally converted to cash more quickly than accounts receivable.

Business

1 answer:

Makovka662 [10]3 years ago

3 0

Answer:

False

Explanation:

Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer

So here the company could received the payment within 12 months it can be in within month also

So the given statement is false

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Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are su

Nadya [2.5K]

Answer:

(B) are subject to a self-employment tax of approximately 15%.

Explanation:

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3 years ago

a. A challenging job at an organization that raises the bar in data security b. An entry-level position in the marketing area wi

Svetllana [295]

Answer:

d. An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,

Explanation:

THE QUESTION IS THAT

Which of the following is the best career objective for a résumé?

Career objective can be regarded as a personal statement that gives definition of the specifics that one wish to attain in his/her profession.

A resume objective can be regarded as optional part that is been written in a resume which states or specify the career goals as well as outlines ones best skills. It should be noted that one of the best career objective for a résumé is An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,

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3 years ago

At AgroCorp, each owner has unlimited liability for the debts of the business. It has several business units that focus on many

Rus_ich [418]

Answer:

general partnership

Explanation:

General partnership -

It refers to the condition , where the business is run by two or more individuals , who merges their shares , in order to run the business , it is referred to as a general partnership .

All the partner have equal rights on the profit ,loss , and all the financial decisions and income tax .

There are unlimited liability , and any of the partner can be sued for any type of business debts .

Hence , from the given scenario of the question ,

The correct term is general partnership .

4 0

3 years ago

Inc. reported the following information about the production and sale of its only product during the first month of operations:

Effectus [21]

Answer:

Cost of Goods Sold = $ 400,000

Explanation:

Units Sold = $360,000/ $225= 1600

Sales $360,000

Direct materials $176,000

Direct labor $100,000

Variable factory overhead $44,000

Fixed factory overhead $80,000

Total Manufacturing Costs $ 400,000

Variable selling and administrative expenses $20,000

Fixed selling and administrative expenses $10,000

Cost of Goods Sold = $ 400,000

As ending Inventory Finished Goods is 400 units it is not included in the Cost of Goods Sold.

3 0

3 years ago

The lender usually has the right to collect the principal, but is NOT allowed to collect the interest if the loan is:

Elena-2011 [213]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) For consumer purposes

b) For commercial purposes

c) Usurious

d) An online contract

And the correct answer is the option C: Usurious.

Explanation:

To begin with, in the area of law, the term known as <em>"Usury" </em>is refer to the practice that focuses on making the lender richer in unethical ways so therefore that this practice is considered to be the one that makes inmoral monetary loans that try to affect the borrower in order to benefit the lender. One example of the use of this term could be the case in where the lender charges or try to charges a higher interest rate to the borrower than the one that is prohibited by law as a maximun rate.

3 0

3 years ago