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Damm [24]
3 years ago
15

What does the going concern concept mean?

Business
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

B)a business will continue to operate for the foreseeable future

Explanation:

The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.

The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.

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valle crucis corporation wanted to determine the relationship between its monthly operating costs and a potential cost​ driver,
Vlada [557]

The closest to the total cost if the firm uses​ 6,000 machine​ hours is $2,945.95.

<h3>What is regression analysis?</h3>

The term regression analysis is defined as a combination of statistical methods utilised for the for the relation between a variable which is not dependent and a variable which is dependent.

The prediction errors that will be represented by vertical lines from regression line to the point.The main purpose or aim of regression analysis is to confirm the value of the variable which is dependent. The second objective of regression line is to calculate the effect of elaborately variable on the variable which is dependent.

Therefore,the closest to the total cost if the firm uses​ 6,000 machine​ hours is $2,945.95.

Learn more about regression analysis here:

brainly.com/question/15305754

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5 0
2 years ago
Andy's business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin
klio [65]

Answer:

The answer is: She should file for Chapter 7 Bankruptcy; The discharge of debts

Explanation:

Under Chapter 7, you must first prove that your income is insufficient to allow you to pay at least a portion of your debts. There is a mathematical form for making the calculation. If you have enough income, you will need to file under Chapter 13 instead.

Under Chapter 7 you either pay your debts or give up your property for secured debts. You surrender any nonexempt property (e.g. a second house not used as primary residency, investments, artwork, jewelry, etc.) in order to pay off as much of your debt as possible.

You are able to keep all your exempt property and you are no longer in obligation to repay the remaining debt.

5 0
3 years ago
The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab
Nadusha1986 [10]

Answer:

Tthe cost of goods manufactured is c. $122,000

Explanation:

The cost of goods manufactured = The beginning of work in process + Cost of materials used + Direct labor costs + Factory overhead - The ending of work in process.

Gunner Manufacturing has the financial records: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000.

Therefore,

The cost of goods manufactured = $18,000 + $45,000 + $48,000 + $39,000 - $28,000 = $122,000

8 0
3 years ago
The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives eac
Masteriza [31]
Korea I think so the answer is d
3 0
3 years ago
You work for a company that manufactures electric lawn mowers. The mowers work when the user plugs an extension cord into the ou
Step2247 [10]

Answer: See explanation

Explanation:

Yes. I believe that my company should have included a warning label to address use of the electric lawn mower in the rain.

Since the warning wasn't put there, the customers will believe it is safe to use in the rain that which was exactly what happened in this case. It is the right of the manufacturer to make sure that it's product are safe to use.

6 0
3 years ago
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