1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kari74 [83]
3 years ago
5

Which of the following are criteria for determining whether to record an asset as a fixed asset?

Business
1 answer:
valentinak56 [21]3 years ago
8 0

Answer:

must be long lived and used by the company in its normal operations

Explanation:

An assets is something that will help the company to generate value.

You might be interested in
On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,00
12345 [234]

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

                                                    PV Factor     Present Value

Interest Payment     $6,400           1.7125         $10,960

Principal                   $80,000         0.8116        $64,928

                                                                           $75,888

<u>Journal Entries</u>

Date                Particular                            Debit ($)        Credit ($)    Working  

Jan 1, 2020 Note Receivable                80,000  

                       Discount on Receivable              4,112  

                       Land                                             75,888  

Dec 31, 2020  Cash                                6,400  

                        Discount on Receivable 1,948                    (8348-6400)

                        Interest Revenue                               8,348     (75888*11%)

Dec 31, 2021   Cash                                  6,400  

                         Discount on  Receivable      2,162             (4279-3600)

                         Interest Revenue                             8,562

                                                                                                (75888+1,948)*11%

Dec 31, 2021    Cash                                  80,000  

                          Notes Receivable                                 80,000

7 0
3 years ago
A group of customers is drinking alcohol in your business and one of them has been identified as the designated driver. As a ser
NemiM [27]

Cut of alcohol

Explanation:

If they drink mre they are likely to becom drunk and migjt get into an accident

4 0
3 years ago
Read 2 more answers
I will give BRAINLY<br><br> I need any career name plz
schepotkina [342]

You can be a streamer!

Two Benefits of being a streamer is.

  • You can earn money.

  • Companies can promote your channel.

Two drawbacks of being a streamer is.

  • Your channel can get taken down or people can be rude to you.

  • You can forgot about uploading and may lose subscribers.

Let me know if you have any questions.

~ Lily from Brainly.

7 0
3 years ago
Hi CAN SOMEBODY HELP ME PLEASE YOU DON'T UNDERSTAND HOW I STRUGGLE. I WILL GIVE U BRAINLIST AND 5 STARS IF U ANSWER CORRECTLY ​
CaHeK987 [17]

Answer:

commericials, product endorsements, product features, stuff like that.

Explanation:

Businesses commonly develop websites and blogs to promote their companies, products and services. Blogs offer an interactive tool to communicate information to customers and receive feedback through comments. Additionally, companies use sites and blogs as media for banner ads and other ad placements. If u want you can write about features and product endorsements too.

8 0
3 years ago
The study of the interaction between individuals and businesses is known as.
Dahasolnce [82]

The study of the interaction between individuals and businesses is known as microeconomics.

<h3>What is microeconomics?</h3>

Microeconomics refers to the study of an individual, households the behavior of the firms or organizations in the process of decision making and resources allocation.

It is the study of the outcome, what will come out when an individual changes his or her choices in the response of change in the price, resources and production method.

Basically, microeconomics examines how a firm can maximize its production by minimizing its price for better competition.

Learn more about the microeconomics here:-

brainly.com/question/13120341

#SPJ1

3 0
2 years ago
Other questions:
  • McDonald's culture, with an emphasis on cleanliness, consistency, service, and the training that reinforces the value of these c
    5·1 answer
  • In January, 2021, Summit Department Store sells a gift card for $50 and receives cash. In February, 2021, the customer comes bac
    11·1 answer
  • What's the best strategy for avoiding ATM fees?
    12·2 answers
  • Which of these companies exemplifies the globalization of markets? a. The clothes of Sea Shell Fashions, a U.S.-based company, a
    13·2 answers
  • The number of support staff needed to handle the volume of incidents in a help desk operation is a similar problem to the number
    14·1 answer
  • A market researcher wants a large sample size for her survey and decides to stand in the food court of a mall during Christmas s
    15·1 answer
  • Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he
    7·1 answer
  • Hayden, a buyer for a medium-sized company, is assessing the value of competing software products for use in his firm. Which of
    13·1 answer
  • Smidt Corporation has provided the following data for its two most recent years of operation: The unit product cost under absorp
    14·1 answer
  • What is a major implication for HRM that has resulted from technical advancement? *
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!