adrianawalker16
07.06.2020 •
Business
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 records its financial statements in U.S. dollars.d. Michael expects the Apartment Exchange to remain in operations for the foreseeable future
Solved
Show answers
More tips
- H Health and Medicine Flu: How to Recognize It by the First Symptoms?...
- F Food and Cooking How to Sober Up Quickly? Important Facts and Tips...
- H Health and Medicine How to Properly Take a Blood Sugar Test?...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business Someone offers to buy your old Ford F-150 truck for 4 equal annual payments, beginning 2 years from today. If you think that the present value of your Ford Truck is only $9,000...
- B Business A business can consider the possible advantages of an economic decision as well as it’s possible drawbacks by:...
- B Business A partial listing of costs incurred at Gilhooly Corporation during September appears below: Direct materials $183,000 Utilities, factory $9,000 Administrative salaries $90,000...
- B Business Which of the following would be considered careers in natural resources (select two answers) a-farmer b-hydrologist c-logging worker d-ranger...
- B Business If the cpi is 100 in the base year and 108 in the current year, how much did prices rise between the base year and the current year?...
- B Business Hr managers are using social tools to build relationships with...
- B Business The market price of a share of common stock at the time of issuance was $17.00, while the market price of a preferred share of stock at the time of issuance was $26.50. The company...
- B Business A company s old machine, which cost $38,000 and had accumulated depreciation of $28,200, was traded in on a new machine of like purpose having an estimated 20-year life with...
- H Health “i would like to lose 20 pounds, and am considering going on the atkins diet. i understand that, on the atkins diet, i would be allowed to eat high quantities of protein and...
- S Social Studies Which of the following is not an example of a government corporation? a. federal bureau of investigations (fbi) b. amtrak federal deposit insurance corporation (fdic) c. nation...
Ответ:
Answer : Option A) Potential energy transforming into kinetic energy.
Explanation : When the boulder is rolling down the side of a hill, it shows that when the boulder is at rest at a certain height on the hill, it has potential energy stored in it. When it is rolling down the hill the potential energy gets converted into kinetic energy as it gains velocity while moving down the hill. So, the complete energy transformation that is occurring is potential energy to kinetic energy transfer.