Answer:
a. Computer - fixed asset
b. Patent - intangible asset
c. Oil reserve - natural resource
d. Goodwill - intangible asset
e. U. S. Treasury note - none of these (N)
f. Land used for employee parking - fixed asset
g. Gold mine - natural resource
Explanation:
Intangible assets are the assets of a company that cannot be seen or they are not physical in nature. They are usually difficult to evaluate. They include:
- Goodwill
- Patent
- Trademarks
- copyrights
a fixed asset is a long term tangible piece of property or equipment that a company has and uses it to generate income. they include plant, property and equipment.
A natural resource is a substance that occurs in nature that can be used to generate economic profit.
Answer:
Adjusted book balance will be $4258
Explanation:
We have given ending book balance = $4200
Error in recording = $50
Interest revenue = $33
And service charge = $25
We have to find the adjusted book balance
Adjusted book balance is given by
Adjusted book balance = Ending book balance + error in recording + interest revenue - service charge = $4200+$50+$33-$25=$4258
Answer:
Decreases
Explanation:
The seller is willing to diminsh price if he can sell more units of anygiven product.
Answer:
Common stock dividend distributable = Par * Number of shares * % dividend
= 13 * 46,500 * 15%
= $90,675
Stock Dividend = Number of shares * market price * % dividend
= 46,500 * 18 * 15%
= $125,550
Date Account Title Debit Credit
Dec, 1 Stock Dividend $125,550
Common Stock Dividend Distributable $90,675
Paid in Capital in excess of Par- $34,875
Common stock
Date Account Title Debit Credit
Dec, 31 Common Stock Dividend Distributable $90,675
Common Stock $90,675
Answer:
$17,167
Explanation:
<em>The first step is to calculate amount of cash that would be charged</em>
<em>For 30 months, pay $520 per month for 30 months and an additional $10,000 at the end of 30 months.</em>
Present value is = 2,221
<em>Then</em>
<em>The present value of the payment options is =</em>
<em>($520 * PVA (24% 12,30) + $10,000 PV ( 24% 12,30))</em>
<em>$520 * 22.396 + $10,000 * 0.5521</em>
<em>$11646 + $ 5521</em>
<em>$17,167</em>
<em>Therefore the amount of cash the car dealer would charge is $17,167</em>
