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Sergeeva-Olga [200]
2 years ago
13

Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a r

esource that a business owns or controls. An asset refers to the claims of a business's owners.
Business
1 answer:
Genrish500 [490]2 years ago
5 0

The correct definition of an asset is B. An asset is a resource that a business owns or controls.

<h3>What is an Asset?</h3>

This refers to the commodity that a person owns that generates money over a period of time.

Hence, we can see that from the given answer choices, there are different definitions, but the correct definition is found in option A because it states that it is a resource that a business owns or controls.

Read more about assets here:

brainly.com/question/25746199

#SPJ1

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Why would deca, an international association of marketing students, be classified as a nonprofit organization?
Amiraneli [1.4K]
<span>It functions like a business but uses the money it makes to fund the cause identified in its charter. The student organization does not make any profits on their activities and instead donates them to charity.</span>
5 0
3 years ago
The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2019.
viktelen [127]

Answer:

Please see below

Explanation:

a. A 5% stock dividend is declared and distributed when the market per share was $39.

Common stock par value($10) 500,000

Retained earning = 50,000 × 5% × 39

= $97,500

Common stock dividend distributed

50,000 × 5% × $10

= $25,000

See attached further explanations.

7 0
3 years ago
When a manager informs employees about the changes taking place in the external and internal environment that will affect them a
sergejj [24]

The answer is disseminator. When a manager informs his or her employees about the changes taking place within the external and internal environment of the workplace, which may affect them and the organization as well, he acts as a disseminator; a disseminator communicates to his or her employees the organization’s vision and purpose. Being a disseminator is part of Mintzberg’s Managerial Roles.

6 0
3 years ago
List and explain ten factors to consider in preparing family income​
aniked [119]

<em>Answer:</em>

<em>1. Availability of Money:</em>

<em>The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.</em>

<em>2. The size and the composition of the family:</em>

<em>Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.</em>

<em>Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.</em>

<em>3. Stages of family life cycle:</em>

<em>Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.</em>

<em>4. Occupation of the family members:</em>

<em>Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.</em>

<em>5. The needs and objectives of the family:</em>

<em>Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.</em>

<em>6. Resources:</em>

<em>Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.</em>

<em>7. Locality of the family:</em>

<em>In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.</em>

<em>8. Socio-economic status of the family:</em>

<em>The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.</em>

<em>9. Social and religious traditions:</em>

<em>Some families accept old and traditional values. So they spend more on marriages and religious festival.</em>

<em>10. Personal choice:</em>

<em>Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”</em>

<em />

<em>This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.</em>

8 0
3 years ago
Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 30,000 units follow
AnnyKZ [126]

Answer:

1. Variable cost per unit   = $150

2. Markup percentage     = 34.89%

3. Selling price                 = $202.33

Explanation:

Variable cost per unit = 70+40+25+15= $150

Fixed cost   =  670,000+ 305,000 +285,000= $1,260,000

Fixed cost per unit  =    1,260,000/30,000= $42

Profit per unit   =        <u>Targeted profit</u>

                               Targeted production unit

                          = <u>$310,000 </u>   =$10.33

                                30,000

Markup percenge =     <u>Fixed cost per unit + profit per unit</u>

                                          Variable cost per unit

                                =<u>$42+ $10.33</u>    =    <u>52.33 </u>* <u>100</u>   = 34.89%

                                       $150                   $150      1

Selling Price        =  Variable cost per unit + markup

                            =  $150+$42+$10.33

                             = $202.33

Variable cost-plus pricing is calculated by  determining variable costs per unit and adding mark-up which will cover fixed costs per unit and generate a targeted profit margin.

3 0
3 years ago
Read 2 more answers
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