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3 years ago

There are four categories of ___________ brands: premium, generic, copycat and exclusive co-brands.

1 answer:

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Answer: "private label" ; or; "store"; or; "house"; or "own" [brands] .
_____________________________________________________
Note: There are four (4) names that can be used.
___________________________________________________

"There are four (4) categories of "private-label" ; or, "store" <span>; or; "house" ; or, "own"</span> brands: 1) premium, 2) generic, 3) copycat, and
4) exclusive co-brands."
___________________________________________________
Source: Refer to text in the question.
___________________________________________________

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Capital assets used by an enterprise fund should be accounted for in the a. Business-type activities journal but no depreciation

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Answer:

b. Enterprise fund and depreciation on the capital assets should be recorded.

Explanation:

Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.

Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

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3 years ago

Breonna Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, con

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Answer:

$35,000

Explanation:

Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).

Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000

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3 years ago

The gross earnings of the factory workers for Larkin Company during the month of January are $91,000. The employer's payroll tax

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Answer:

Explanation:

The journal entry is shown below:

(a) Factory Labor/Expenses A/c Dr $103,800

To Factory wages payable $91,000

To Employer payroll taxes payable $7,700

To Fringe benefits payable $5,100

(Being labor expenses are recorded)

(b) Direct labor A/c Dr $87192 ($103,800 × 84%)

Indirect labor A/c Dr $16,608 ($103,800 × 16%)

To Factory Labor $103,800

(Being factor labor is assigned)

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3 years ago

Which factor caused a higher oil prices to directly lead to inflation?

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The government began to print more money. The increase in the ‘money supply’ which happens faster than the economic growth leads to inflation. When the government prints more money then it brings down the value of the money in the market.

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3 years ago

(Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 y

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Answer:

The money should be invested in bank = $137,639.05

Explanation:

Given annually withdrawal money (annuity ) = $12000

Number of years (n ) = 20 years

Interest rate = 6 percent.

Since a person withdraw money annually for next 20 years with 6 percent interest rate. Now we have to calculate the amount that have been invested in the account today. So below is the calculation for invested money.

$\text{Present value of annuity} = \frac{Annuity [1-(1 + r)^{-n}]}{rate} \\= \frac{12000 [1-(1 + 0.06)^{-20}]}{0.06} \\=12000 \times 11.46992122 \\=137,639.05$

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3 years ago