![subject](/tpl/images/cats/ekonomika.png)
Business, 10.03.2020 04:52 11needhelp11
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. a. Michael's personal assets are not recorded on the company's balance sheet:
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 05:30, junior2461
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 08:00, truthqmatic16
Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 17:40, rave35
Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)
Answers: 3
You know the right answer?
Michael McNamee is the proprietor of a property management company, Apartment Exchange, near the cam...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/informatica.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/istoriya.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 12.08.2020 05:01
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/ekonomika.png)