Questions tagged 'finance'
79 questions
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,...
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...
how much is 10k in us dollars?
What is the equivalent value of 10,000 in U.S. dollars?
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...
Feb 17, 2025
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...
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...
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...
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...
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.
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...