Answer:
<u>Wilson Trucking Company classified balance sheet as of December 31.</u>
Assets
Non - Current Assets
Trucks 172,000
Accumulated depreciation Trucks (36,000) 136,000
Land 85,000
Total Non - Current Assets 221,000
Current Assets
Office supplies 3,000
Accounts receivable 17,000
Cash 8,000
Total Current Assets 28,500
Total Assets 249,500
Equity and Liabilities
Equity
Common stock 15,000
Retained earnings 155,000
Dividends (20,000)
Total Equity 110,000
Liabilities
Non - Current Liabilities
Long-term notes payable 58,000
Total Non - Current Liabilities 58,000
Current Liabilities
Accounts payable 12,000
Interest payable 4,000
Total Current Liabilities 16,000
Total Equity and Liabilities 249,500
Explanation:
The following appear in the Balance Sheet.
- Assets
- Liabilities
- Equity
When preparing the Balance Sheet remember the Accounting Equation : Assets = Equity + Liabilities.,
Little to none because it can be distracting
Answer:
The right choice is "3 Correctly ignored a sunk cost"
Explanation:
As the ticket to the opera was already bought and it is nonrefundable, nonexchangeable, and nontransferable; whether Van decides to go to the opera or to go to the party with Amy; he has incurred $100 cost of ticket which can not be recovered in any manner.
The ticket cost in this question is categorized as sunk cost - cost that incurred in the past and will be remained the same regardless of any future actions. Thus, this type of cost should be ignored when making decision for the future.
So, "3 Correctly ignored a sunk cost" is the correct choice.
Answer: Satisficing
Explanation:
Satisficing could be described as a decision making method where a manageable result is chosen rather than the optimal solution. The aim of choosing such is just to go with it for the moment before better options are either tested, affordable or reliable. Some managers consider this method of administration, in order to make decisions on time than having backlog of works which might time to get a proper or perfect conclusion.
Satisficing is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.
i would say false because it would get boring after a while