Liabilities represent:
A) items owned by the company.
B) economic resources of the company.
C) earnings kept in the business.
D) amounts owed to third parties.
D) amounts owed to third parties.
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The Solar Inc has daily cash receipts of $90,000. A recent analysis of its collections indicated that customers' payments were in the mail for an average of 4 days. Once received,the payments are processed in one and a half days
After payments are deposited, it takes an average of two and a half days for these receipts to clear the banking system. If the firm's opportunity cost is 11%, would it be economically advisable for the firm to pay an annual fee of $8,000 to reduce collection float by 2 days? A) Yes, because it would only cost $8000 to save $19,800, netting the company $11,800. B) Yes, because it would only cost $8000 to save $59,400, netting the company $51,400. C) No, because it would cost $8000 to save $880, netting the company -$7,120. D) Yes, because it would only cost $8000 to save $9,900, netting the company $1,900.
The authors were unable to identify in lesser developed countries specific firms that are nearing the status of global MNE
Indicate whether the statement is true or false.
Which of the following would increase assets and increase liabilities?
A. Pay dividends to stockholders. B. Provide services to customers on account. C. Receive a utility bill for the current month. Plan to pay bill beginning of next month. D. Purchase office supplies on account.
In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goods manufactured is computed according to which of the following equations?
A. Cost of goods manufactured = Total manufacturing costs + Ending finished goods inventory - Beginning finished goods inventory B. Cost of goods manufactured = Total manufacturing costs + Beginning finished goods inventory - Ending finished goods inventory C. Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory D. Cost of goods manufactured = Total manufacturing costs + Ending work in process inventory - Beginning work in process inventory