A. Personal
Personal accountant: A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business.
Answer:
True.
Explanation:
Although the implantation of microchips in humans is a great technological advance that is gradually being added to our society, this technology raises many concerns that are the main causes of rejection of this technology.
Many people reject the placement of bio microchips for religious reasons, but in addition, there is no type of legislation that regulates these processes which can result in abuse, invasion of privacy and other illegal issues. Finally, many people complain about the lack of information about the physical, chemical and biological consequences that a body with microchips can have.
Answer:
$22
Explanation:
Total common equity = $2,050,000
Net income = $250,000
Dividends = $100,000
Stock outstanding = 100,000 shares
Book value per share:
= (Beginning common equity + Net income - Dividend) ÷ Number of shares
= ($2,050,000 + $250,000 - $100,000) ÷ 100,000
= $2,200,000 ÷ 100,000
= $22
Hence, the ending book value per share is $22.
Answer:
B. Paying city inspection fees for new equipment
Explanation:
Capital expenditure is an expense incurred by the business to maintain its fixed assets with an objective to increase its efficiency. Any additions and improvements in fixed assets is an capital expenditure.
City inspection is required to evaluate the working condition of the asset and any fees paid for it, is a capital expenditure.
Interest payment on construction bonds, lease rental payments of assets and mortgage interest on asset is a liability payable in intervals and all they are operating expense and not considered to be capital expenditure.
The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.
