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rjkz [21]
3 years ago
6

Noncash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower th

an the values at which the assets are carried on the books.
A. True
B. False
Business
1 answer:
Gre4nikov [31]3 years ago
3 0

Answer:

Correct answer is TRUE

Explanation:

Non-cash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower than the values at which the assets are carried on the books. Some factors that affects the value of non-cash assets are the general economic forces such as inflation or deflation, amortization or impairement itself of the assets. It maybe realized at favorable side (gain) or unfavorable (loss) side.

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The following information is provided by Adametz​ Company: WIP​ Inventory, January 1 0 units Units started 7 comma 600 Units com
nikklg [1K]

Answer:

The equivalent units for conversion​ costs= 6,912 units

Explanation:

<em>The weighted average method of valuation would be used to determine the the equivalent units for conversion​ costs</em>

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

Equivalent unit = Degree of completion × Units of inventory

<em>Items                                       units                                    Equivalent unit</em>

Completed   unit                     3,300       3,300× 100 =       3.300

Closing work in progress       4,300        4,300×  84%=      <u>3,612 </u>

Total equivalent units                                                           <u>6,912 </u>

The equivalent units for conversion​ costs= 6,912 units

7 0
3 years ago
Which is true about the interest on corporate bonds?
shusha [124]
Interest corporate bonds is taxed as an income tax but can also be tax as capital gain. Usually the interest itself is considered as state income tax. For gain and losses, that's the time it will gain capital gain if the if is redeemed before its maturity stage.
5 0
3 years ago
A report’s "skimmability" means ________. that the information provided is not important that you should skip a certain portion
k0ka [10]

Answer: Helping make the report accessible by using a readable font, headings, lists, and white space.

Explanation:

For a report to be skimmable, it means that the report is capable of being read through quickly. The is very important in the business world because most executives barely have time but have to keep up to date witu reports and so prefer skimmable reports.

For a report to be skimmable though it needs to be very clear and concise. The reader must be able to grasp the important information quickly. This is why the report must be accessible by using a readable font, headings, lists, and white space. They will ensure that the reader gets the information needed simply by reading through.

6 0
3 years ago
Help me plz ASAP plz
Serjik [45]
She is a hostess because she greets people at the door
8 0
3 years ago
Read 2 more answers
Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost
salantis [7]

Answer:

The variable cost per mile is $1.50

The fixed cost element  is $2,261

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Total cost - low total cost) ÷ (High miles driven - low miles driven)

= ($15,011 - $13,503) ÷ (8,500 -  7,495)

= $1,508 ÷ 1,005 hours

= $1.50

Now the fixed cost equal to

= High operating cost - (High miles driven × Variable cost per hour)

= $15,011 - (8,500 × $1.50)

= $15,011 - $12,750

= $2,261

5 0
3 years ago
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