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hjlf
2 years ago
9

6. When as asset, such as a car, decreases in value over time what is it called?

Business
1 answer:
bekas [8.4K]2 years ago
6 0

Answer:

3vbnfvnnfhmffh mjgvg::gig:gggghh;he;

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If your business operates in more than one state or in a large area, it's a good idea to register the trademark with <span>USPTO.</span>
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A corporation must register as a _____ in every state in which it operates other than its state of incorporation
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<span>A corporation must register as a </span><span><span>foreign corporation </span>in every state in which it operates other than its state of incorporation </span>


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Motives, objectives, participants, means used, level of violence, scope of war, and asymmetry are all examples of:
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Section 2-201 of the UCC provides that contracts for the sale of goods for $500 or more are unenforceable unless: a. A written s
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d. All of these are correct.

Explanation:

The UCC are a set of guidelines that deals with contracts involving sale of goods. It settles disputes that occur during such transactions.

Section 2-201 of the UCC deals with statute of fraud.

Contract for a sale of goods is not enforceable unlesss there is some written contract of sale by the party against who enforcement is sought or his official agent.

This document also a written signature of the party against whom enforcement is sought, and a written indication of the quantity sold.

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The financial statements of Burnaby Mountain Trading Company are shown below. Income Statement 2017 Sales $7,000,000 Cost of Goo
vova2212 [387]

Answer:

d. 2.83

Explanation:

Note: The financial statement in the question are merged together. They are therefore sorted before answering the question. See the attached excel file for the full question with the sorted financial statement.

The explanation to the answer is now as follows:

The current ratio is a liquidity ratio that is used in measuring whether a company has adequate resources to meet its short-term obligations or pay its liabilities from its current assets.

The current ratio provides a comparison current assets to current liabilities of a company and it can be calculated using the following formula:

Current ratio = Total current assets / Total current liabilities ................. (1)

From the 2017 balance sheet of Burnaby Mountain Trading Company, we have:

Total current assets = $1,700,000

Total current liabilities = $600,000

Substituting the values for Total current assets and Total current liabilities into equation (1), we have:

Current ratio = $1,700,000 / $600,000 = 2.83

Therefore, The firm's current ratio for 2017 is <u>2.83</u>. That is, the correct option is option d. <u>2.83</u>.

This indicates that the firm has more than enough current assets to pay off 2.83 or 283% of its current liabilities.

Download xlsx
4 0
3 years ago
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