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2 years ago

When may an item attached to a structure be considered personal property rather than real property?

1 answer:

8 0

An item of personal property that has been converted to real property. Even though it is attached to a structure, an item may be considered personal property rather than real property if: A. the owner originally intended to remove it after a period of time.

Any movable thing or intangible object of value that is able to being owned through someone and now not identified as actual belongings. personal belongings may be characterized as either tangible or intangible. Examples of exact non-public assets consist of motors, furnishings, boats, and collectibles. stocks, bonds, and financial institution bills fall underneath intangible personal belongings.

Movable assets on land (large livestock, for example) become no longer automatically sold with the land, it become "non-public" to the owner and moved with the proprietor.

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A government budget surplus from reduced government spending (no change in net taxes) will ________ the level of investment i

miss Akunina [59]

Answer:

Increase; Increase

Explanation:

A government budget surplus from reduced government spending (no change in net taxes) will increase the level of investment in the economy and increase the level of total saving (private plus public) in the economy

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3 years ago

Read 2 more answers

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished g

snow_tiger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory= 208,500 units.

Sales:

second quarter= 417,000 units

third quarter= 469,000 units

fourth quarter= 289,500 units.

Desired ending inventory= 50% of the next quarter's budgeted sales.

To calculate the production for each quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Second-quarter:

Sales= 417,000

Desired ending inventory= 0.5*469,000= 234,500

Beginning inventory= (208,500)

Total production= 443,000

Third-quarter:

Sales= 469,000

Desired ending inventory= 0.5*289,500= 144,750

Beginning inventory= (234,500)

Total production= 379,250

4 0

3 years ago

The following data relate to the operations of Slick Software, Inc., during 2018. Continuing operations:

Maurinko [17]

Answer:

A. $5.70

B. $7,625,000

C. $2.25

D. UNFAVORABLE amount of $4.25

Explanation:

a.Preparation of a condensed income statement for 2018,

SLICK SOFTWARE, INC.Condensed Income StatementFor the Year Ended December 31, 2018

Net sales $19,850,000

Costs and expenses $16,900,000

Income from continuing operations$2,950,000

Discontinued operations:

Operating income $140,000

Loss on disposal (net of income tax benefit)(550,000)

Income before extraordinary item $2,540,000 Extraordinary loss (net of income tax benefit)(900,000)

(550,000+350,000)

Net income$1,640,000

($2,540,000-900,000)

Earnings per share:

Earnings from continuing operations$12.25

[($2,950,000 - $500,000) ÷200,000]

Loss from discontinued operations (2.05)

($410,000 ÷ 200,000 shares)

Earnings before extraordinary items $10.20

[($2,540,000 - $500,000 preferred dividends) ÷ 200,000]

Extraordinary loss (4.50)

($900,000 ÷200,000 shares)

Net earnings $5.70

[($1,640,000 - $500,000 preferred dividends)÷200,000 shares]

Calculation for Preferred dividends:

Preferred dividends: 80,000 shares x $6.25 =$500,000

b.Preparation of a statement of retained earnings for the year ended December 31, 2018

SLICK SOFTWARE, INC.Statement of Retained Earnings For the Year Ended December 31, 2018

Retained earnings, December 31 2017 $7,285,000

Less: prior period adjustment350,000

Restated$6,935,000

Net income1,640,000

Subtotal$8,575,000

($6,935,000+1,640,000)

Cash dividends(950,000)

Retained earnings, December 31, 2017 $7,625,000

($8,575,000-$7,625,000)

c.Computation for the amount of cash dividend per share of common stock

Total cash dividends declared during 2018 $950,000

Less: Preferred stock dividend 500,000

(80,000 shares x $6.25 per share)

Cash dividends to common stockholders $450,000

Number of common shares outstanding 200,000

Cash dividend per common share $2.25

($450,000 ÷ 200,000 shares)

D. The amount of $8.00 earnings per share figure in 2019 will have unfavorable figure when compared with the year 2018 reason been that

the year 2019 has one Earnings Per Share amount which is why we should compared it to the earnings per share from continuing operations in year 2018, which gave us the amount of $12.25 per share[($2,950,000 - $500,000) ÷200,000] which inturn makes Slick Software, Inc.’s earnings per share from continuing operations to reduce to the amount of $4.25 per share ($12.25-$8.00) from the year 2018 to 2019

4 0

3 years ago

Which three activities are part of the function of accounting?

IgorC [24]

The 3 activities which are part of the function of accounting includes:

Classifying financial transactions
interpreting financial transactions
Recording financial transactions

Accounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

Classifying financial transactions
interpreting financial transactions
Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"

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4 0

3 years ago

Select all that apply. Select all the items that describe the benefits that consumers may receive from more sellers in the marke

Orlov [11]

The following apply:
1. Better quality of goods and services.
2. Improved customers services.
3. More variety of goods and services.
There are some benefits that customers derived from competition. Parts of the benefits are listed above. Competition encourages businesses to improve the quality of their products and services and place reasonable prices on their products.

3 0

3 years ago