Skip to main content

Questions tagged 'finance'

79 questions

A
Anonymous

Feb 20, 2025

Aunt Dottie’s Linen Inc. reported no long-term debt in its most recent balance sheet. A company with no debt on its books is referred

Aunt Dottie's Linen Inc. recently reported no long-term debt on its balance sheet. In financial terminology, a company that has no debt on its books is referred to as: (a) a company with no leverage,...

A
Anonymous

Feb 20, 2025

If services are rendered for credit, then?

If services are rendered in exchange for credit, what impact does this have on the financial statements? Specifically, which of the following accounting elements will be affected: Will liabilities d...

A
Anonymous

Feb 18, 2025

Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2023

Times-Roman Publishing Company has reported the following financial figures for its first three years of operation (amounts in thousands): Year 2021: Subscription revenue recognized (earned): $350...

How much is a “figure”, like in “four-figure salary”?

What exactly is meant by a "figure," as in the term "four-figure salary"? How is this concept defined in terms of numerical value, and what are some common contexts in which these salary figures are u...

A
Anonymous

Feb 16, 2025

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31,

At the end of each calendar year, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. As of December 31, the company has outstanding accounts receivable totaling $11...

A
Anonymous

Feb 13, 2025

What is Taxable A.M.O. on a Car Purchase Agreement?

Hi members, I have a question about the term "Taxable A.M.O." on a car purchase agreement. Could someone please explain what this means and how it affects the total cost of the car? I would appreciate...

A
Anonymous

Feb 13, 2025

How do I determine the value of the remaining equipment?

In a 3-day public auction of Jackson County's surplus equipment, the first day generated $5,750 in sales, and the second day brought in $4,186. With 28% of the original equipment still available for s...

A
Anonymous

Feb 13, 2025

What three functions are salaries meant to perform?

What are the three primary functions that salaries are meant to perform? I appreciate a prompt response. Thank you.

A
Anonymous

Feb 13, 2025

Bedrock company reported a december 31 ending inventory balance of $413,500. the following additional information is also available:

Bedrock Company reported an ending inventory balance of $413,500 as of December 31. The following additional information is also available: (a) The reported ending inventory balance of $413,500 includ...