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2 years ago

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Edward philips signs a deed allowing the utility company to suspend power lines over his land. a utility company's right to use

edward's land for suspending power lines is called a(n):

1 answer:

IRISSAK [1]2 years ago

5 0

This is an example of an Easement, an easment is the right to use someone else's land for a specific purpose.

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Managerial accounting information for a company

Bad White [126]

Answer:

Correct answer is b. relates to subunits ot the entity and may be very detailed.

Explanation

Managerial accounting involves collecting, storing, analyzing, and reporting information about the operations, activities and finances of a business. These reports are generally used by the managers of a business, rather than by any external entities, such as shareholders or lenders. The purpose of this accounting is to facilitate manager from senior to line level to make informed decision.

So in order to run the business smoothly this information/accounting is required to be very detail and covering each and every aspect of the entity.

5 0

3 years ago

People often use products or services that are _________, to indicate who or where they are in the social hierarchy

Setler79 [48]

Answer:

Status Symbols

Explanation:

According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."

Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.

5 0

2 years ago

The Wilmoths plan to purchase a house but want to determine the after-tax cost of financing its purchase. Given their projected

iVinArrow [24]

Answer:

the annual after-tax cost of financing the purchase of the home is $23,638.40

Explanation:

The computation of the annual after-tax cost of financing the purchase of the home is shown below:

= Installment amount - tax saving

= $33,200 - ($29,880 × 32%)

= $33,200 - $9,561.60

= $23,638.4

hence, the annual after-tax cost of financing the purchase of the home is $23,638.40

We simply applied the above formula

6 0

2 years ago

Grace is the editor of her school newspaper. Which feature of a word processing program would she use to make her changes visibl

gogolik [260]

<u><em>the answer is A TRACK CHANGES . autocorrect is wrong it deletes the answer and changes it to the right one . but track changes shows all the changes you have made to the paper hope this helps. </em></u>

8 0

3 years ago

Read 2 more answers

Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2017 Dec. 31, 2016 Current ass

stiks02 [169]

Answer:

Liquidity measures for the year 2017 are as under:

Current Ratio = 1.5

Working Capital = $100,000

Acid Test Ratio = 0.95

Accounts Receivables Turnover = 10 times

Inventory turn over = 4 times

Explanation:

<u>Current Ratio</u>

Current Ratio = Current Assets ÷ Current Liabilities

<u>Dec 31, 2017</u> <u>Dec 31, 2016 </u>

$300,000 ÷ $200,000 $245,000 ÷ $155,000

Current Ratio 1.5 1.6

<u>Working Capital</u>

Working Capital = Current Assets – Current Liabilities

<u>Dec 31, 2017</u> <u>Dec 31, 2016 </u>

$300,000 – $200,000 $245,000 – $155,000

Working Capital $100,000 $90,000

<u>Acid Test Ratio</u>

Acid Test Ratio = (Current Assets – Inventory) ÷ Current Liabilities

<u>Dec 31, 2017</u> <u>Dec 31, 2016</u>

($300,000 – $110,000) ÷ $200,000 ($245,000 – $90,000) ÷ $155,000

Acid Test Ratio 0.95 1.00

<u>Accounts Receivables Turnover Times</u>

Accounts Receivables Turnover = Credit Sales ÷ Average Accounts Receivables

Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) ÷ 2

Average Accounts Receivables = ($55,000 + $95,000) ÷ 2 = $75,000

Accounts Receivables Turnover = $750,000 ÷ $75,000 = 10 Times

<u>Inventory Turnover Times</u>

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

Average Inventory = (Opening Inventory + Closing Inventory) ÷ 2

Average Inventory = ($110,000 + $90,000) ÷ 2 = $100,000

Inventory Turnover = $400,000 ÷ $100,000 = 4 Times

5 0

3 years ago