Answers

CG

Answered

Which of the following documents issued alongside AASB 13 do not form an integral part of the standard? I Appendix A: Defined terms
II Appendix B: Application guidance
III Basis for Conclusions
IV Illustrative Examples

A) I and II
B) II and III
C) III and IV
D) IV and I

On Jul 14, 2024


C
CG

Answered

The Marshall Company has determined that its return on equity is 18.5%. Management is interested in the various components that went into this calculation. You are given the following information: Sales = $12 M, Return on Assets = 7.5% and Return on Sales = 4.5%. What percentage of the company's assets are financed by equity? (Round to the nearest whole percentage)

A) 24%
B) 37%
C) 41%
D) 53%

On Jul 11, 2024


C
CG

Answered

The Civil Rights Act of 1991 places the burden of proof on ______.

A) the court system
B) the employee
C) the employer
D) the public

On Jun 14, 2024


C
CG

Answered

Journalize the following transactions for Armour Inc. using both the periodic inventory system and the perpetual inventory system, presented in the side-by-side format of the form provided below.Oct. 7 Sold merchandise on credit to Rondo Distributors, terms n/30. The cost of the merchandise was $720.8 Purchased merchandise, $10,000, terms FOB shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.?              PERIODIC INVENTORY    PERPETUAL INVENTORY             SYSTEM                                      SYSTEM~~~~~~~~~~~~~\textbf{PERIODIC INVENTORY}~~~~\textbf{PERPETUAL INVENTORY}\\~~~~~~~~~~~~~\textbf{SYSTEM}~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\textbf{SYSTEM}             PERIODIC INVENTORY    PERPETUAL INVENTORY             SYSTEM                                      SYSTEM
DateDescription    Dr.Cr.∣Description     Dr.Cr.∣∣∣∣∣∣∣\begin{array} { | c | c | c | c | c | c | c | c | } \hline Date & Description~~~~ & Dr. & Cr. & \mid & Description~~~~~ & Dr. & Cr. \\\hline & & & & \mid & & & \\\hline & & & & \mid & & & \\\hline & & & & \mid & & & \\\hline & & & & \mid & & & \\\hline & & & & \mid & & & \\\hline & & & & \mid & & & \\\hline & & & & \mid & & & \\\hline\end{array}DateDescription    Dr.Cr.Description     Dr.Cr.

On Jun 11, 2024


​
CG

Answered

Receivables are considered financial assets.

On May 15, 2024


True
CG

Answered

Which of the following statements regarding aggregate planning is true?

A) In a pure level strategy, production rates or workforce levels are adjusted to match demand requirements over the planning horizon.
B) A pure level strategy allows lower inventories when compared to pure chase and hybrid strategies.
C) In a mixed strategy, there are changes in both inventory and in workforce and production rate over the planning horizon.
D) Because service firms have no inventory, the pure chase strategy does not apply.
E) It turns the material requirements plan into the aggregate plan.

On May 12, 2024


C