SG
Sanjita Gautam
Answers (6)
SG
Answered
Business ethics deal with the right versus wrong actions that arise in a work environment.
On Jul 19, 2024
True
SG
Answered
Distinguish between a leasehold estate and a freehold estate.
On Jul 18, 2024
A leasehold estate involves a transfer of a right to possess the land to someone else for a specific period of time. A freehold estate, such as a fee simple or life estate, does not last for any specific period of time.
SG
Answered
How much investment income will Turtle report for equity in investee earnings during 2019?
A) $12,000.
B) $22,000.
C) $10,500.
D) $1,500.
A) $12,000.
B) $22,000.
C) $10,500.
D) $1,500.
On Jun 19, 2024
A
SG
Answered
If a market is in equilibrium, then it is impossible for a social planner to raise economic welfare by increasing or decreasing the quantity of the good.
On Jun 18, 2024
True
SG
Answered
Analyze the transactions of a business organized as a proprietorship described below and indicate their effect on the basic accounting equation. Use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. 
On May 20, 2024
SG
Answered
Tecom had net sales of $315,000 and average accounts receivable of $75,600. Its competitor, ZCom, had net sales of $299,000 and average accounts receivables of $81,350. Calculate the accounts receivable turnover for both companies. Which company is doing a better job of managing its accounts receivables?
On May 19, 2024
Tecom: $315,000/$75,600 = 4.2 times
ZCom: $299,000/$81,350 = 3.7 times
Tecom has a higher accounts receivable turnover. This implies it is doing a better job of managing its receivables than ZCom.
ZCom: $299,000/$81,350 = 3.7 times
Tecom has a higher accounts receivable turnover. This implies it is doing a better job of managing its receivables than ZCom.