Business, 09.09.2019 22:30 live4dramaoy0yf9
Michael mcnamee is the proprietor of a property management company, apartment exchange, near the campus of penscola state college. the business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000. the business debts include accounts payable of $6,000. michael's personal home is valued at $400,000, and his personal bank account has a balance of $1,200. identify the principle or assumption that best matches the situation:
a. michael's personal assets are not recorded on the apartment exchange's balance sheet.
b. the apartment exchange records furniture at its cost of $9,000, not its market value of $13,000.
c. the apartment exchange reports its financial statements in u. s. dollars.
d. michael expects the apartment exchange to remain in operations for the foreseeable future.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 11:00, ilovecatsomuchlolol
Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units. required: prepare a production budget by month and in total, for the second quarter.
Answers: 3
Business, 23.06.2019 02:00, alexbrafford
Abc electronics wants someone to install a top-of-the-line security system in its two buildings, a system that not only sounds an alarm but also simultaneously notifies authorities and the company president. video surveillance of the premises should also be a capability of the security system. n order to obtain price quotes, what should the company write? a. an unsolicited proposal b. an internal proposal c. an external proposal d. a request for proposals
Answers: 3
Business, 23.06.2019 21:00, smartypants02
During winter, red foxes hunt small rodents by jumping into thick snow cover. researchers report that a hunting trip lasts on average 19 minutes and involves on average 7 jumps. they also reported that, surprisingly, 79% of all successful jumps are made in the northeast direction. three variables are mentioned in this report. the third variable mentioned is
Answers: 2
You know the right answer?
Michael mcnamee is the proprietor of a property management company, apartment exchange, near the cam...
Questions in other subjects:
Mathematics, 16.01.2020 07:31
Computers and Technology, 16.01.2020 07:31
Mathematics, 16.01.2020 07:31
