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1 year ago

Explain the difference between (b) Expenses and losses.

1 answer:

4 0

The primary distinction between expenses and losses is that costs are incurred in order to produce income, whereas losses are often associated with any other activity. the sale of an asset with a long lifespan for less than its book value. a negative verdict in a lawsuit brought against the business.

The cancellation of bonds that are payable at a cost higher than their carrying value An expense is a business's operational cost incurred to produce income. It may deduct tax-deductible expenses on its income tax returns. Either the cash basis approach or the accrual method is used by accountants to record expenses.

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On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t

Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted 92000

X Fair value on date of grant 5

Total compensation expense 460000

Years 3

Compensation expense per year 1 53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

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3 years ago

If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym

Sunny_sXe [5.5K]

Answer:

D) 475 million

Explanation:

Unemployment is the people who is not currently working and searching for the job. These are the part of Labor force. So unemployment rate is as follows:

Unemployed Worker = 19 million

Unemployment rate = 4%

Unemployment rate = Unemployed worker / Labor force

4% = 19 million / Labor Force

Labor Force = 19 million / 4%

Labor Force = 475 million

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2 years ago

Of the world's population of 7.5 billion people, _________ are scraping by on incomes that average less than $2 per day.

ozzi

1.1 billion? According to unicef 3 billion earn less than $2.50 so this seems like the appropriate answer.

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2 years ago

South Tel Communications is considering the purchase of a new software management system. The system is called B-lmage, and it i

gavmur [86]

Answer:

Explanation:

South Tel Communications is considering the purchase of a new software management system. The system is called B-image, and it is expected to drastically reduce the amount of time that company technicians spend installing new software. South Tel's technicians currently spend 6,000 hours per year on installation which cost South Tel $25 per hour. The owners of the B-image system claim that their software can reduce time on task by at least 25%. The system requires an initial investment of $55,000 and an additional investment of$10,000 for technician training on the new system. Annual upgrades will cost the firm $15,000 per year. Because the investment is comprised of software, it can be fully expensed in the year of the expenditure (no depreciation). South Tel faces a 30% tax rate and uses a 9% cost of capital to evaluate projects of this type.

A. Assuming that South Tel has sufficient taxable income from other projects so that it can immediately expense the cost of the software, what are the free cash flows for the project for years zero through five?

Total (65,000)

Cash flow year 1 - 5

Saving on installations per year 450,000

Less: Annual upgrades ( 15,000)

Total 435,000

Less: Tax (30%) (130,500);

Total project free cash flow 304,500.answer

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2 years ago

Computer technology corporation dell recently acquired quest software, an it management software provider, in order to expand up

aleksandr82 [10.1K]

A growth strategy
hope this helps

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2 years ago