All categories

3 years ago

commitments to make or receive payments in the future are made easier by money's function as a _____.

1 answer:

3 0

The commitments that are made or receive in the future that are made easier by money function if the money’s functions as a store value. Being a store value is meant to save assets in which they are deemed to be precious because of their value.

You might be interested in

Fort Smith Technologies incurred the following costs during the past year when planned production and actual production each tot

Scilla [17]

Answer:

$560,000

Explanation:

Calculation for the total inventoriable costs for the year would be

Using this formula

Variable costing = Direct materials + Direct labor + Variable Manufacturing Overhead

Let plug in the formula

Variable costing= $280,000 + $120,000 + $160,000

Variable costing= $560,000

Therefore the total inventoriable costs for the year would be $560,000

8 0

3 years ago

Walters manufactures a specialty food product that can currently be sold for $21.20 per unit and has 19,200 units on hand. Alter

sdas [7]

Answer:

$37,760

Explanation:

The income for the current operation, without further processing, is given by:

$I_1 = 19,200*\$21.20\\I_1=\$407,040$

If the product is further processed at a cost of $11,200, the company would sell 11,200 units at $31,80 each and 5,200 at $19.20 each, for an income of:

$I_2= 11,200*\$31.80+5,200*\$19.20-\$11,200\\I_2=\$444,800$

Therefore, the incremental net income of processing further would be:

$\Delta I=I_2-I_1=\$444,800-\$407,040\\\Delta I=\$37,760$

The incremental net income would be $37,760.

5 0

3 years ago

Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 an

o-na [289]

Answer:

a) Stockholders' equity = $411,690

b) Stockholders' equity = $477,930

Explanation:

Accounting equation is defined as Assets = Liabilities + Equity.

a) If t the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310, the Stockholders' equity as of December 31 of the current year would be determined as follows:

$632,000 = $220,310 + Equity

Stockholders' equity = $632,000 - $220,310

Stockholders' equity = $411,690

b) If assets increased by $84,040 and liabilities increased by $17,800 during the next year, then Stockholders' equity would be determined as follows:

$632,000 + $84,040 = $220,310 + $17,800 + Equity

$716,040 = $238,110 + Equity

Stockholders' equity = $477,930

8 0

3 years ago

performance and management provides __________ and ____________ integration of different elements that makeup an organization

larisa86 [58]

Answer:

The correct answer is letter "C": Technological; social.

Explanation:

Performance management is the approach practiced by high-rank executives within an organization to provide employees with the right tools so they can perform their duties efficiently. The approach does not only involve giving workers ultimate technology but also training so they learn how to use the tools and feedback to improve their performance. The practice combines then technological resources with interpersonal activities that are likely to boost employees' efficiency and commitment.

6 0

3 years ago

On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in

Neporo4naja [7]

With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

Rent expenses = $2,400 prepaid rent / 12 months

Rent expenses = $200 per month

Rent expenses = $200 rent expense per month x 5 months (in Year 2)

Rent expenses = $1,000 rent expense

In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.

​commitments to make or receive payments in the future are made easier by money's function as a _____.

commitments to make or receive payments in the future are made easier by money's function as a _____.