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user100 [1]
2 years ago
8

each of the following statements is correct regarding the criteria to report an asset on the balance sheet, except:

Business
1 answer:
ycow [4]2 years ago
7 0

All highly valuable resources must be reported as assets.

What is balance sheet?

In financial accounting, a balance sheet—also known as a statement of financial position or a statement of financial condition—is a summary of the financial health of an individual or organisation, such as a corporation, private limited company, sole proprietorship, business partnership, governmental entity, or not-for-profit group. Assets, liabilities, and ownership equity are reported as of a specific date, like the end of its fiscal year. It's common to refer to a balance sheet as a "representation of a company's financial situation."." Only the balance sheet, out of the four basic financial statements, is applicable at a single point in a company's fiscal year.

To learn more about balance sheet

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Other than interest payments, what is another way that you can make money buying bonds
erica [24]

Answer:

Capital Gain

Explanation:

The second way of making money from buying bonds is to sell them at a higher price than you bought them. Like other securities, bond prices fluctuate due to several factors. If the company that sold you the bold is performing well, the bonds will gain in value. Selling the bonds through a broker will result in profits.

For example, If you bought bonds worth $5000 at face value, it means you paid $5000 for them. If the market value increase to $6000, selling the bonds will make you a profit of $1000

8 0
3 years ago
Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability considered a category of econo
Nata [24]

Answer:

Money is not considered a capital resource because money is not productive. It provides access to resources but itself does not directly contribute to the production of goods and services.

Entrepreneurial ability does directly produce goods and services; it organizes the resources that do. Entrepreneurs are risk-takers.

Explanation:

3 0
4 years ago
Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D
Olenka [21]

Answer:

A. capitalize capitalize

Explanation:

All the expenses incurred to make the asset usable are capitalized and those expenses become the part of cost of that assets for which that are incurred. Interest on debt to purchase an asset and in case to construct the asset both are capitalized, because these expenses are essential to make assets usable for the business.

6 0
3 years ago
The cost of manufacturing a specific good in a developing country is less than the cost to manufacture it in the United States.
Lana71 [14]

Answer:

Prices will decrease and the quantity produced will increase.

Explanation:

Because labor costs are lower in developing countries, when these countries produce manufactured goods, they do it at a lower cost, meaning that these goods will also have a lower price for the final consumers. If these cheaper goods are exported to the U.S. market, the U.S. market is flooded with more goods at a lower price, something that may affect some U.S. firms, but that benefits the majority of U.S. consumers.

7 0
3 years ago
Customers around the world know Pepsi and consider it a primary "go-to" brand if they want a refreshing drink. This positioning
Sedbober [7]

Answer:

B. targeting strategy and marketing mix

Explanation:

In business, Targeting strategy refers to a strategy that a company implemented to sell their product to specific group of consumers.

In pepsi's case, they focus their targeting strategy toward the consumers who want a refreshing drink.

Marketing mix is a marketing strategy that is revolved around  product, price, place, and promotion. Companies could utilzie this 4 factors to create a business model that can make their targeting strategy succesful.

In pepsi's case:

They sold their product in almost every convenience store <u>(place) .</u> Making it easier for consumers who currently crave refreshing drinks. The <u>price </u>of Pepsi's product is very affordable.

<u>They designed and promote their produc</u>t to obtain a reputation as refreshing  a product that can relinquish your thirst.  You can see it in most of their advertising. Most of it consist of people in a hot weather that craves something cold and refreshing.

8 0
3 years ago
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