Peregrine Study guides, Class notes & Summaries

Foundations of Business Finance (Peregrine) question with correct answers 2023True or false: The one fixed asset that is not depreciated is land because it seldom declines in value. - correct answer True __________ liabilities are those due within one year. - correct answer Current __________-__________ __________ liabilities are due after more than a year, and may include bonds, mortgages, and long-term loans. - correct answer Long-term debt Name the three types of accounts listed as c...

PEREGRINE EXAM 2023/2024 LATEST VERSION | INCLUDES 2 RECENTLY TESTED EXAMS, A TEST BANK AND A STUDY GUIDE | ACCURATE AND EXPERT VERIFIED FOR GUARANTEED PASS | GRADED A

What is a general ledger? - A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income

Which of the following is NOT a strategic alternative to laying off employees? - implementing a restricted hiring policy downsizing the workforce lowering employment standards mandating reduced hours Lowering Employment Standards KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475 each, what is his break-even quantity? - 194,640

PEREGRINE EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |VERIFIED ANSWERS ;NEWEST 2024 ALREADY GRADED A+

When the costs of supplies increase in an industry, the low cost leader_____ - ANSWER is the only firm able to pay the higher prices and continue to earn average or above average returns Accounts Payable - ANSWER current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it recieved on credit accounts receivable - ANSWER current asset account in which a company records the amounts it has a right to collect from customers who r...

When the costs of supplies increase in an industry, the low cost leader_____ - ANSWER is the only firm able to pay the higher prices and continue to earn average or above average returns Accounts Payable - ANSWER current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it recieved on credit accounts receivable - ANSWER current asset account in which a company records the amounts it has a right to collect from customers who r...

What is a general ledger? - ANSWER A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits

Which of the following is NOT a strategic alternative to laying off employees? - ANSWER implementing a restricted hiring policy downsizing the workforce lowering employment standards mandating reduced hours Lowering Employment Standards KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If he sells tacos at $475 each, what is his break-even quantity? - ANS...

What is a general ledger? - ANSWER A general ledger account is an account or record used to sort, store and summarize a company's transactions. asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits stockholders' equity accounts such as Common Stock, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income