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horrorfan [7]
2 years ago
5

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

Business
1 answer:
Makovka662 [10]2 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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The development costs were incurred after technological and commercial feasibility was established and after the future economic
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Complete Question:

Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During 2018, the company incurred the following costs related to a new product design:

Research for New Design $2.4M

DVMPT of New Product $1.3M

Patent Filing Fees $52K

The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the 2018 fiscal year. What amount should Pribuss expense in its 2018 income statement related to the above expenditures?

Answer:

The Research expenses of $2.4M that are written as expense in the Income statement and the Development costs of $1.3M and patent legal fees of $53k are capitalized.

Explanation:

The reason is that the International Standard IAS 38 Intangible Assets says that the expenditure incurred on the research that hasn't entered development phase must be written as expense in the year and the expenditure incurred on the development phase of the research outcomes must be capitalized to the extent it is ready for use. In this case $1.3M is clearly a development cost and patent legal fees of $53k is the expenditure that will prepare the asset and making it ready for use, so it must also be capitalized.

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3 years ago
One way to think about TQM is as a business philosophy centered around seven core ideas, or principles: __________ refers to com
Elena-2011 [213]

Answer:supplier partnerships

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In quality control, extended relationship between buyers and sellers based on confidence, credibility, and mutual benefit. The buyer, on its part, provides long-term contracts and assurance of only a small number of competing suppliers. In reciprocation, the seller implements customer's suggestions and commits to continuous improvement in quality of product and delivery.

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3 years ago
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when zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constituti
Natalija [7]

When zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constitutions Takings Clause and Fifth Amendment.

Economics is defined as a technology that deals with the making, dispensing, selling, and shopping of products and services. An instance of economics is the have a look at the inventory market.

Economics, at its very heart, is the look of humans. It seeks to give an explanation for what drives human behavior, selections, and reactions while faced with problems or successes. Economics is an area that combines politics, sociology, psychology, and history.

Economics performs a position in our normal lifestyles. reading economics allows us to apprehend past, destiny, and contemporary models, and practice them in societies, governments, businesses, and people.

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8 0
1 year ago
The term relevant range as used in cost accounting means the range over which: Group of answer choices Costs may fluctuate. Rele
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Option D. The term relevant range is the range over which  Cost relationships are approximately linear.

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8 0
2 years ago
The managers of Rug Emporium, a large rug store, decide to have a sale. The store manager works with the advertising department
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Answer:

This scenario best describes a Sales Promotion

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It could also be used as  a medium to introduce a new product,

Same applies when a large rug store, decide to have a sale.

To achieve the aim of sales promotion, the store manager works with the advertising department to make the public aware of the sale.

A proactive manager also makes provision for enough salespeople to handle the increased customer traffic, and ensure that the manufacturers of the product is able to meet expected consumer demand.

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