Which of the following statements is correct?
a. borrowing by using short-term notes payable...
Business, 18.11.2019 18:31 lizdeleon248
Which of the following statements is correct?
a. borrowing by using short-term notes payable and then using the proceeds to retire long-term debt is an example of "window dressing". offering discounts to customers who pay with cash rather than buy on credit and then using the funds that come in quicker to purchase additional inventories is another example of "window dressing".
b. borrowing on a long-term basis and using the proceeds to retire short-term debt would improve the current ratio and thus could be considered to be an example of "window dressing".
c. offering discounts to customers who pay with cash rather than buy on credit and then using the funds that come in quicker to purchase additional inventories is an example of "window dressing".
d. "window dressing" is any action that improves a firm's fundamental, long-run position and thus increases its intrinsic value.
e. using some of the firm's cash to reduce long-term debt is an example of "window dressing".
Answers: 2
Business, 22.06.2019 20:20
Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
Business, 23.06.2019 00:10
You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost.overhead cost.opportunity cost.sunk cost.
Answers: 1
Business, 23.06.2019 00:10
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
Answers: 2
Mathematics, 03.12.2020 07:50
Engineering, 03.12.2020 07:50
Biology, 03.12.2020 07:50
Mathematics, 03.12.2020 07:50
Mathematics, 03.12.2020 07:50
Mathematics, 03.12.2020 07:50