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2 years ago

Tangible property is property that can be _ and _ possessed. (choose two correct answers)

Business

1 answer:

givi [52]2 years ago

4 0

Tangible property is the property that can be identified by the senses, it can be seen and possessed.

What is Tangible property?

To distinguish it from intangible property, tangible property is defined in law as essentially everything that can be felt.
This encompasses both real and personal property.
The term "choices in possession" refers to physical property in English law and several Commonwealth legal systems.

To learn more about Tangible property, refer to the following link:

brainly.com/question/1286228

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Hernandez Builders has a gross payroll for January amounting to $500,000. The following amounts have been withheld: Income taxes

erik [133]

Answer:

The amount of net pay recorded by Hernandez is $380,650

Explanation:

Gross Pay $500,000

Income Tax $63,000

Social security $31,000

Medicare $7,250

Charitable contribution $5,000

Union Dues $10,000

Unemployement Tax $3,100

Net Pay $380,650

Therefore, The amount of net pay recorded by Hernandez is $380,650

6 0

3 years ago

or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit

sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

housing
apparel
transportation
education and communication
other goods and services
recreation
medical care
food and beverages

a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

5 0

3 years ago

These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts rec

swat32

Answer:

Assets: Liabilities:

Current Assets Current Liabilities

Cash 11,840 Accounts payable 9,500

Accounts receivable 12,600 Notes payable(current) 13,600

Prepaid insurance 3,200 Interest payable 3,600

Total current assets: 27,640 Total Current Liab 26,700

Fixed assets: Long-term Liabilities:

Buildings (net) 60,200 Note Payable: 80,000

Equipment (net) 63,680 Total Liabilities 106,700

Land 61,200 Equity:

total fixed assets: 185,080 Common stock 60,000

RE 46,020

Total Equity 106,020

Total Assets: 212,720‬ Total Liab + E 212,720

Explanation:

for RE we need to calculate the net income

income:

Service revenue 14,700

Insurance expense ( 780 )

Depreciation expense ( 5,300 )

Interest expense ( 2,600 )

Net income: 6,020

RE 40,000 + 6,020 = 46,020

for note payable we split the current and long term portion

93,600 - 13,600 = 80,000 long term debt

te rest is self-explanatory

8 0

3 years ago

LO 7.1Which of the following is a finance budget?

sweet [91]

Answer:

cash budget

Explanation:

A financial budget within budgeting refers to the long-period and short-period planning of the company's revenue and expenditure. Exact cash flow forecasts help the company achieve the goals in the correct way.

A financial budget is indeed a potent tool for achieving any enterprise's lengthy-term goals. Relevantly, it also helps to keep the stakeholders as well as other institution members up-to-date on the company's ability to function.

Thus, from the above we can conclude that cash budget can be termed as finance budget.

4 0

3 years ago

While everyone's personal financial goals will be unique to their situation, the means for achieving them will be similar. What

MrRa [10]

Answer:

increase their savings

Explanation:

Saving is the action of putting aside a portion of income in a safe place instead of spending. It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.

While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.

7 0

3 years ago

Tangible property is property that can be _______ and _______ possessed. (choose two correct answers)

Tangible property is property that can be _ and _ possessed. (choose two correct answers)