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tigry1 [53]
3 years ago
14

Which quality of an asset makes it more appropriate for the fair value principle rather than the historical cost principle?

Business
1 answer:
Alchen [17]3 years ago
8 0

Answer and Explanation:

Fair value refers to the current market price of the asset while historical cost is the cost at which the asset was acquired. Fair market value will always be higher than historical cost so it reflects the actual worth of the asset.

One of the qualities that makes valuing current assets at fair value rather than historical cost is the availability and reliability of current market price or fair value of current assets.

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How can pricing range influence pricing strategy
Otrada [13]

When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.

6 0
3 years ago
The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts
garri49 [273]

Answer:

49 days

Explanation:

Account receivable turnover ratio = Net credit sales / Accounts receivable

Account receivable turnover ratio = $602,000 / $79,922

Account receivable turnover ratio = 7.53

Average collection period = 365/7.53

Average collection period = 48.47277556440903

Average collection period = 49

Thus, firm’s sales uncollected for year is 49 days.

8 0
3 years ago
Carter is the principal broker of a Missouri real estate branch office. Kathleen, a broker-salesperson, was appointed the superv
Nitella [24]

There are different aspect to being a broker. To whom do the listings belong is  Carter as the principal broker.

<h3>Who is principal broker? </h3>
  • Note that in real estate office, there has to be a principal or designated broker. This is known to be an individual who is responsible for managing or the person who oversees all licensed real estate agents at a specific firm.

He or she makes sure that agents are working in compliance with state and national real estate law.  Based on  the scenario between Carter and Kathleen and Holly, the listings belong is  Carter as the principal broker.

Learn more about a broker from

brainly.com/question/6304438

8 0
2 years ago
Byron Corporation forecasts that its income will be $21,000 next year. The firm pays out 30 percent of earnings as dividends to
noname [10]

Answer:

RE break point = $24500

Explanation:

21,000 net income

30% OF Earnings as dividends

21,000 x 30% = 6,300 dividends

Retained Earnings (assuming no previous beginning value)

21,000 - 6,300 = 14,700

RE break point = 14,700/0.6 = 24500

What does the $24,500 mean?

This mean that the company can raise financing for this ammount without changing their capital structure (60% equity 40% debt)

If the company wants to finance for more, it will need to raise new shares or chance their capital structure, and therefore the WACC will change

8 0
3 years ago
Newell Rubbermaid Inc. manufactures and markets a broad array of office products, tools and hardware, and home products under a
ValentinkaMS [17]

Income Taxes Using appropriate headings and subtotals prepare a multiple-step consolidated income statement.

An Income tax is a tax imposed on people or entities in admire of the income or profits earned by way of them. income tax generally is computed because the manufactured from a tax price instances the taxable earnings. Taxation fees can also vary by using the kind or characteristics of the taxpayer and the type of profits.

                Consolidated Income statement

                Particulars                                    Amount

Net Sales                                               $ 5,864. 6

Less: Expenses                                      

Cost of Products sold                         = $ 3,6594.4

           Gross Profit                               = $2,205.2

Less: Operating expenses                            

Selling general, and administrative expenses    $ 1,515.3

Other expenses                                                     $ 432.7

          Operating Income                                   = $ 275

Less: Non-operating expenses

Interest and other non-operating expenses   $ 104.7

 Income before Taxes                                   = 152.5

Less: Income Tax expense                            $ 17.9

 Income after Taxes                                   = $134.6

Less: Loss on sale of Discontinued Operations

(net of income taxes)                                            $9.4

          Net Income                                                   $ 125.2

Learn more about  Net Income here:-brainly.com/question/15530787

#SPJ4

6 0
1 year ago
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