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1 year ago

For most businesses, annual straight line depreciation expense on the company's building is what type of cost?

Business

1 answer:

Rom4ik [11]1 year ago

6 0

For most businesses, annual straight line depreciation expense on the company's building is fixed cost.

A fixed cost is one that does not change no matter how many units of a good or service are produced or sold. Fixed costs are expenses a company must pay regardless of the specific economic operations it does. As a result, fixed expenses are often indirect because they have nothing to do with how a firm produces any goods or services. Both fixed expenses and variable costs, which together make up a company's total costs, are common. It's common practice to reduce fixed expenses by using shutdown points.

Learn more about fixed costs here:

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Liula [17]

Incomplete question. However, I answered based on the information.

Explanation:

We can determine which Credit card is best in terms of its interest rate by comparing both rates monthly:

Credit card A

APR for the First 3 months:

4.1% / 360 days = 0.009% x 30 = 0.27% per month for the first 3 months.

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15.7% / 360 days = 0.04361% x 30 = 1.308% per month for the next 9 months.

Credit card B:

APR the First 3 months

4.2% / 360 days = 0.011% x 30 = 0.33% per month for the first 3 months

Next 9 months:

15.5% / 360 = 0.04305% x 30 = 1.291% per month for the next 9 months

Hence, we can conclude,

For the first 3 months, Credit Card A is best because it offers lower interest charges.

For the next 9 months, Credit Card B is best because it offers lower interest charges.

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3 years ago

Read 2 more answers

Concord Corporation had the following transactions during 2022: 1. Issued $190000 of par value common stock for cash. 2. Recorde

sergejj [24]

Answer:

The net cash provided by financing activities -$157,600.

Explanation:

Net cash provided by financing activities refers to the difference between the total cash inflows and total cash outflows from the financing activities section of the cash flow staement.

The net cash provided by financing activities can be calculated by preparing a partial cash flow statement as follows:

Concord Corporation

Net Cash Flow Statement (Partial)

As at December 31, 2022

Details Amount

Par value common stock issued for cash 190,000

Dividend declared and paid in cash (15,200)

6-year note payable repaid (334,400)

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Therefore, the net cash provided by financing activities -$157,600.

Alternatively, the net cash provided by financing activities can be calculated as follows:

Net cash provided by financing activities = Par value common stock issued for cash - Dividend declared and paid in cash - 6-year note payable repaid = $190,000 - $15,200 - $334,400 = -$157,600

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3 years ago

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mixas84 [53]

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What type of occupation do you prefer to do any why

Fed [463]

Answer:

a hands on occupation

Explanation:

I dont like sitting around

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3 years ago

Ron Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inv

ch4aika [34]

Answer:

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Explanation:

Segregation of duties -

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