True, If sales revenues are falling and neither equity nor debt capital could be discovered to meet a firm's a need capital, selling off its surplus assets is indeed a reasonable last resort.
What is an Asset?
An asset is a resource with monetary value that an individual, corporation, or country owns or controls with the expectation of future benefit. A company's assets are reported on its balance sheet. They are divided into four categories: current, fixed, financial, and intangible. They are purchased or created in order to increase the value of a company or to benefit its operations. An asset is anything that can generate cash flow, reduce expenses, or increase sales in the future, whether it's manufacturing equipment or a patent. Assets are reported on a company's balance sheet. They are purchased or created in order to increase the value of a company or to benefit its operations. An asset is anything that can generate cash flow, lower expenses, or increase sales, whether it's manufacturing equipment or a patent.
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Answer:Advising the partners about the business, attend the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about a change in the nature of the partnership business. (b) if partnerships in commendam participate in the running of the business he is only liable to persons who transact business with the partnership.
Explanation:
This is a form of partnership which is made up of one or more general partners whose liabilities is limited to the amount of their capital contribution to the business . A partnership in commendam does not participate in the running of the business. The name of partnership in commendam must appear in the partnership deed that such a partner is not a general partner. The partnership in commendam is allowed to perform duties such as giving advise to the General partners about the business, attending the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about the change in the nature of the partnership business.
Answer: A) Fair value of the asset(s) given up.
Explanation:
Non-monetary exchange occurs when non-financial assets are exchanged in a transaction. Recording this transaction is based on the fair value of the assets exchanged and the recording is usually done in one of 3 ways being,
1. At the fair value of the asset transferred in exchange for it with a gain or loss on the exchange being recorded.
2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.
3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.
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Answer:
$27
Explanation:
Giving that the most important(all in actuality) values related to the question are not listed, I'd do well to improvise and assume. And as such, I have these
I'm assuming that the minimum payment on a credit card is the greater of $27 or 3% of the unpaid balance. And thereafter, proceeding to find the minimum payment on an unpaid balance of about $815.69.
To do this, we use simple arithmetic to first find the value of the percentage in dollars, so that
3% of $815.69 = 3/100 * 815.69 = $24.471
Remember that drum the question, the minimum payment is greater than 3% of the unpaid balance or $27. Given than 24.47 is less than 27, our answer is $27
Answer:
the number employed, the unemployment rate will rise.
Explanation:
