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2 years ago

Which statement is not true regarding a critical asset in the enterprise environment

Business

1 answer:

alukav5142 [94]2 years ago

6 0

The statement that is not true regarding a critical asset in the enterprise environment is:

It can easily be replaced

<h3>What is a critical asset?</h3>

Critical assets are the main resources that sustain the daily operation of a business.

These assets are the lifeblood of the business so any attempt to replace them can significantly damage the smooth running of the organization. So, critical assets cannot be replaced.

Learn more about critical assets here:

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Which factor caused a higher oil prices to directly lead to inflation?

defon

The government began to print more money. The increase in the ‘money supply’ which happens faster than the economic growth leads to inflation. When the government prints more money then it brings down the value of the money in the market.

7 0

2 years ago

Vextra Corporation is considering the purchase of new equipment costing $40,500. The projected annual cash inflow is $12,100, to

stealth61 [152]

Answer:

Net present value = $3,749

so correct option is $3,749

Explanation:

given data

Present value of cash outflow = $40,500

annual cash inflow = $12,100

useful life = 4 years

rate on return = 12 %

present value of an annuity = $1

to find out

net present value

solution

we know here Present value annuity factor @12% for 4 years is given as

Present value annuity factor @12% for 4 years = 3.0373

so we get here Present value of cash inflow that is express as

Present value of cash inflow = Annual cash flow × Present value annuity .........................1

put here value we get

Present value of cash inflow = $12,100 × 3.0373

Present value of cash inflow = $36,751

so now we get Net present value that is express as

Net present value = Present value of cash outflow - Present value of cash inflow .................2

put here value we get

Net present value = $40,500 - $36,751

Net present value = $3,749

so correct option is $3,749

7 0

3 years ago

1) Debit changes to current assets are added or subtracted from net income _____?

V125BC [204]

Answer

(1)Subtracted (2) Subtracted (3) Subtracted (4) yes, it will affect the statement of cash flow as the amortization of bonds payable (premium) to be added back to the Net income because, it is a non cash expense.

Explanation:

Solution

Given that:

(1) The changes of debit to current assets are added or subtracted from net income:

Answer: They are subtracted from net income

(2) The changes of debit to current liabilities are added or subtracted from net income.

Answer: they are subtracted from net income

(3) Redemption gains of bonds are added or subtracted from net income.

Answer: Gains on redemption of bonds are subtracted from net income

(4), Yes, it will affect the statement of cash flow As the amortization of bonds payable (premium) to be added back to the Net income, because it is a non cash expense.

Thus the cash flow statement is adjusted.

7 0

3 years ago

Tott Company has the following internal control procedures over cash disbursements. Identify the internal control principle that

frozen [14]

Answer: a) Documentation Procedures

b) Independent Internal Verification

c) Physical Control

Explanation:

I'll list the internal control principle in bold letters and then explain them a little.

(a) Company checks are prenumbered. DOCUMENTATION PROCEDURES.

These are meant to provide a paper trail to identify the events that occur in a company and pre numbering check ensures that the number is always known.

(b) The bank statement is reconciled monthly by an internal auditor. INDEPENDENT INTERNAL VERIFICATION.

Here the company runs its own checks and balances to ensure that they are in good shape.

This refers to the use of physical devices to keep documents and assets safe and can include safes, vaults and safety deposit boxes.

5 0

3 years ago

On January 1, Year 1, Stiller Company paid $200,000 to obtain a patent. Stiller expected to use the patent for 5 years before it

NeX [460]

Answer:

a. The amount of amortization expense during Year 3 is $40,000.

b.The book value of the patent as of December 31, Year 3 is $80,000.

Explanation:

For amortization of patient, it is done using which one is shorter between the useful life and legal life.

We therefore use the useful life in this question since it is the one that is shorter to amortize as follows:

Annual amortization expenses = $200,000 ÷ 5 = $40,000

Accumulated annual amortization for 3 years = $40,000 × 3 = $120,000

Book value of the patent in year 3 = $200,000 - $120,000 = $80,000

Therefore, the amount of amortization expense during Year 3 is $40,000 and the book value of the patent as of December 31, Year 3 is $80,000.

8 0

3 years ago

Read 2 more answers