Assets that arent expected to provide benefits for a number of accounting periods are called what?

Describe at least two advantages a large company has over a smaller company. (1-4 sentences.

On June 1, 2018, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $500,000 and a discount rate of 6%.

Karen plans and directs the purchase, development, and disposition of real estate on behalf of the business. Karen focuses on long-term strategic financial planning rather than on day-to-day operations of the property.

A debit increases the balance in all of the following accounts except for which one? a. cash b. withdrawals c. expenses d. accounts payable

A loan offered at a rate above the normal rate, due to the borrower's low credit rating, is known as what? A. Subprime B. Lien C. Bankruptcy D. Prime

Byer, a plastics processor, is considering the purchase of a high-speed extruder as one option. The new extruder would cost $50,000 and would have a residual value of $3000 at the end of its 6-year life.

Catherine and Jacob have a written contract to buy and sell "100 cases of widgets." The 100 cases is a typo, so after signing the contract they orally agree to modify the contract to "1,000 cases of widgets.

A youth football player suffered an injury when involved in a tackle. The injury eventually led to paralysis, so the family sues the manufacturer of the helmet because they believe the type of padding in the helmet was inferior and that other

When private ownership rights are well-defined and enforced, ownerscan ignore the wishes of others, without bearing the cost. have little incentive to take care of things. can do anything they want with their property?

During the two hours of the morning rush, 100 customers per hour arrive at the coffee shop. The coffee shop has a capacity of 80 customers per hour.