Answer:
c,d and e
Explanation:
The correct statements given in the options are as stated below:
(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.
<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.</em>
(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.
<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods</em>
(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.
<em>This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery</em>
Answer:
A. Intangible assets
Explanation:
Intangible assets: They refers to assets that are not physical in nature. They are identifiable, non-monetary assets without physical substance such as brand recognition, intellectual property. Intellectual property includes patent right, copyright, and trademarks.
Intangible assets lice brand names are non physical in nature unlike tangible assets that are phsysical. Examples of tangible assets are building, vehicle, land, machineries and furnitures. They are assets that is expected to generate economic return in the future.
There are two classes of intangible assets
1. Identifiable intangible assets: These are intangible assets that can be separated from other assets such as copyright, trademarks and patent.
2. Unidentifiable intangible assets: They are assets that cannot be separated from other assets such as Goodwill.
Answer: more, growth
Explanation:
If all firms expect greater demand for their products or services, they will hire more resources like labor and capital and the economy will experience growth.
For an economy to grow, human capital, labor force, and technology can not be exempted. The quality of the materials used also plays a vital role as well. Once all these are in place, then the economy while start experiencing turn around.
Answer:
23%
Explanation:
The computation of the contribution margin ratio is shown below:-
Selling price per unit = $4,900,000 ÷ 4,025 units
= 1217.39
Contribution margin ratio = Contribution margin ÷ Selling price
= $280 ÷ 1217.39
= 23%
Therefore for computing the contribution margin ratio we simply divide selling price by contribution margin.
We
should note that the bond investment account is recorded at cost by the Bondholder
or Investor.
The
cost or price is calculated as:
Cost
= $90,000 * 86.4%
Cost
= $90,000 * 0.864 = $77,760
Therefore,
the entry to record should be:
<span>debit
Held-to-Maturity Investment in Bonds for $77,760 and credit Cash for $77,760</span>
