BUSINESS COLLEGE

Define current assets. what basis is used for arranging individual items within the current assets section

Answers

Answer 1
Answer: Current assets are balance sheet accounts that represent the value of all assets that are expected to be converted into cash within one year. Current assets include cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash. 
Accounts receivables, bills to customers that have yet to be paid, are considered current assets as long as thy can be expected to be paid within a year. 

Related Questions

COLLEGE

Just-in-time processing is a business philosophy that focuses on reducing time & cost & eliminating poor quality. This is accomplished in manufacturing & non-manufacturing processes by:A) moving a product from process to process as each function is completed.B) combining processing functions into work centers & cross-training workers to perform more than one function.C) having production supervisors attempt to enter enough materials into manufacturing to keep all manufacturing departments operating.D) having workers typically perform one function on a continuous basis.

Answers

Answer:

B) combining processing functions into work centers & cross-training workers to perform more than one function.

Explanation:

Under just in time, the main focus of production is shifted from inventory management to quality management, as no more inventory is held in stock in abundance and cost of storage is cut down, for this various work processes are combined, so that the work is performed in a sequence without any delay.

In this manner, there is critical training towards the waste management, and quality management, and time management.

Just in time approach is mainly about maximum achievement with least cost, which involves grouping of processes, and work centers so that the time and cost both are used least.

Thus, statement B) is correct.

COLLEGE

There are fewer opportunities for differentiation in mature industries, because:

Answers

I believe there are fewer opportunities for differentiation in nature industries because the trend toward commodization married the scope for differentiation and reduced customer willingness to pay.
hope this helps!
COLLEGE

Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan contract at 10% compounded daily for three months. Based on a 365-day year, what is the total amount that Rahul owes the bank at the end of the loan's term? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.)

Answers

Answer:

The total amount that Rahul owes the bank at the end of the loan's term is $18,455.61

Explanation:

Hi, in order to find the total amount that Rahul will owe the bank in 3 months, we need to use the following formula (this is for a compounded daily rate).

Where:

r = compounded rate (in our case, 10% compounded daily)

n = time in months of the loan

PresentValue = $18,000

Everything should look like this.

So, the total amount that Rahul owes the bank at the end of the loan's term is $18,455.61

Best of luck

COLLEGE

In a recent year’s financial statements, Home Depot reported the following: Total liabilities = $31,724 million and Total assets = $40,946 million. Compute Home Depot’s debt ratio (assume competitors average a 63.0% debt ratio). (Round your answer to one decimal place.)

Answers

Answer:

The debt ratio will be 77.5%

Explanation:

Debt ratio is the ratio which states the percentage of the aggregate asset amount which is to be recorded on the balance sheet, and that is owed to the creditors.

The larger amount of debt ratio, means greater the financial leverage of the company.

The formula to compute the ratio is:

Debt ratio = Total liabilities / Total assets

= $31,724 million / $40,946 million

= 77.5%

HIGH SCHOOL

Clancy Co. accepted a two-year noninterest-bearing note for $1,166,400 on January 1, 2020. The note was accepted as payment for merchandise with a fair value of $1,000,000. The effective interest rate is 8%.The cash collection on December 31, 2021, would be recorded as___________.

Answers

Answer:

Dr Cash 1,166,400

Cr Notes Receivable 1,000,000

Cr Interest Revenue 166,400

Explanation:

To determine the net amount of the notes receivable that will be recorded, we must determine the present value of the note:

present value = 1,166,400 / (1 + 8%)² = 1,166,400 / 1.1664 = 1,000,000

MIDDLE SCHOOL

4. Why is the customer service department of a company important? (1-2 sentences. 2.0 points)

Answers

The customer service department of a company is important because it ensures the quality of the product to the consumer after it has been sold.

The customer service department is important because it guarantees that the customers get the help they need. Customers feel better about a company if the company s helpful.

HIGH SCHOOL

Employers usually rely on which source to determine housing and utilities support? A) U.S. Department of State's quarters allowances
B) Consumer Price Index Indexes of international labor costs
C) U.S. Department of State's International Consumer Price Index

Answers

Answer:

U.S department of state's quarters allowances ( A )

Explanation:

The U.S department of state quarters allowance also known as living quarters allowance, allows for the provision of adequate support for employees to cover for the payment of  adequate housing facilities and utilities and related fees that will ensure the proper functioning of the employee at work.

The Employers usually rely on the statistics of the U.S department of state quarters allowances report in determining how to support their own employees in acquiring adequate housing facilities as well as utilities.

The answer is C because it talks about it in the in the book
COLLEGE

Margarita is a manager at a local toyota dealership who has lost five of her employees last year. now she has to make a decision about how to retain the employees on her team. having recently taken a class on decision making, margarita decides to follow the six-step process for deciding what to do. what problem is margarita most likely to face during the implementation of chosen alternative step in the decision-making process?

Answers

The problem which Margarita is most likely to face during the implementation of chosen alternative step in the decision-making process is definitely satisficing, or choosing the first solution that works, not the best solution. This is the condition or a behaviour of a decision maker when a person is not capable to choose the most effective way and the most sensible solution is not determined (due to either the lack or surplus of information). 
HIGH SCHOOL

In traditional (before 2008) analysis, an autonomous increase in investment spending when the economy is at full employment will cause the Fed to seek a lower target for the federal funds rate by buying securities in the open market. True False

Answers

Answer: False

Explanation:

When the economy is at full employment, an increase in investment spending will lead to inflation. The aim of the Feds at this stage is to seek contractionary measures such as buying securities in the open market.  

The Feds will also seek a higher target for the Federal Funds rate. The higher the Federal Funds rate is, the higher the interest rate on borrowing becomes. This is also true for lower Federal Funds rate which reduces the interest rates on borrowing. This is a contractionary measure.

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