BUSINESS COLLEGE

The basis for classifying assets as current or noncurrent is conversion to cash within A. the operating cycle or one year, whichever is shorter. B. the operating cycle or one year, whichever is longer. C. the accounting cycle or one year, whichever is longer. D. the accounting cycle or one year, whichever is shorter.

Answers

Answer 1
Answer:

Answer:

The basis for classifying assets as current or non-current is conversion to cash within

B. the operating cycle or one year, whichever is longer.

Explanation:

Assets are of two types, current assets, and non-current assets. Current assets are the assets which are placed on the list of the balance sheet of the company. Within one fiscal year, the current assets are expected to be converted into cash. On the other hand, non-current assets are the assets are long term asset of the company. They cannot be converted into cash in one fiscal year.


Related Questions

HIGH SCHOOL

According to nutt and backoff, ____ is when the vision has enough imagery that it is powerful enough to communicate clearly a picture of where the organization is headed.

Answers

Articulation is when the vision has enough imagery.
HIGH SCHOOL

What kind of location based analytics is real-time marketing promotion? organization-oriented geospatial static approach organization-oriented location-based dynamic approach consumer-oriented geospatial static approach consumer-oriented location-based dynamic approach?

Answers

The appropriate response is "organization-oriented location based dynamic approach". This is characterized as a person's inclination toward work, inspiration to work, work fulfillment, and methods for managing associates, subordinates, and bosses at work (Papa, 2008). It can likewise be alluded to the diverse ways individuals approach their parts in an association and the distinctive methodologies individuals have toward work and the work environment in their lives.
HIGH SCHOOL

If JJ Camera had a policy that says no Muslim employees are allowed to work on the sales floor, the policy would be an example of:a.disparate treatment discrimination.b.disparate effect discrimination.c.disparate control discrimination.d.disparate impact discrimination.

Answers

Answer: disparate treatment discrimination

         

Explanation: It refers to a kind of discrimination as per the labor law of United states of america. In simple words, it refers to being biased towards someone because of his or her inherited characteristics from birth, such as age, gender or color etc.

It is different from disparate treatment as that treatment is unintentional but disparate treatment  is considered as an intestinal behavior made to make someone feel inferior.

Hence , the policy of employing no Muslims clearly signify disparate treatment discrimination

COLLEGE

if interest rates are positive, the future value of a given sum will always be less than the present value

Answers

Answer:

False. If interest rates are positive, the future value will always be more than the present value.

Explanation:

Future value is given by:

FV = PV

wherein, FV=  Future Value

              PV= Present Value

              i = rate of interest per period

              n = number of periods

So, if interest rates are positive, the current investment shall be compounded to arrive at Future value which would turn out to be more than the present value.

For example, $ 100 invested today at 10% per annum, after an year would yield $110. This represents future value.

In case future value is provided as 110$ and rate of interest is given as 10% per annum, such future value discounted at 10% would give $100 today which represents the present value.

Thus, Future value will always be more than the present value if interest rates are positive.

Random Questions