3 years ago

A permanent decline in the market value of an asset is called

Business

1 answer:

antoniya [11.8K]3 years ago

7 0

Answer:

Impairment

Explanation:

When an asset's market price is lower than what is reported in the financial statements, it is referred to as an impaired asset. It is reduction in the market value of a fixed tangible or intangible asset permanently.

Such assets does not yield positive cash flow in future. If an asset is identified as impaired, then loss related to it, also called impairment loss should be recorded in the income statement.

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Advanced Enterprises reports year−end information from 2019 as follows: Sales (160,250 units) $969,000 Cost of goods sold (6

Ilya [14]

Answer:

Cost of goods sold = $576,900

Explanation:

The budgeted cost of goods sold will be the sales volume in 2020 multiplied by cost per unit .

Sales volume in year 2020= (100-10)% × sales figure for 2019

= 90% × 160,250= 144,225

Cost of goods sold per unit = cost of goods sold in 2019/Sales units in 2019

= 641,000/160250=$4

Cost of goods sold = $4× 144,225 = $576,900

Cost of goods sold = $576,900

3 0

3 years ago

Suppose that a cafe enjoys a large increase in customers whenever the jazz club next door features a band playing appealing musi

Stells [14]

Answer:

The answer is "Option 2".

Explanation:

please find the complete question in the attached file.

When a person does have an advantage for many other people’s perspectives, the additional factor is optimistic. The jazz club manager decides to purchase the cafe so that he can truly understand it. It can be accomplished through the integration of various business types. It a single individual formulates from of the situation Strong exogenous shock through the convergence of multiple business forms.