The answer to the question above is "animism" which is the term for the situation explained on the question above. Animism is a term that explains a situation where a person describes an unliving object as a living creature. In the passage above, Marcy was treating the table as a living creature, thus, "animism" is the best answer for the question above<span>.</span>
Answer:
Explanation:
In the event that Inventory level is consistent consistently ,it implies starting stock and consummation stock are same in this way Purchase is equivalents to cost of merchandise sold = 1508000
Average accounts payable =[Beginning payable +ending payable ]/2
= [50000+ 54000]/2
= 52000
days' payable outstanding = 365 *Average accounts payable /cost of goods sold
= 365 * 52000/1508000
= 12.59 days
The days payable exceptional estimates normal number of time organization takes to pay to its providers .in the given circumstance LandyCorporation have 30 days of time to pay to its provider anyway the equivalent is paid withing 13 days (approx) it implies LandyCorporation can't utilize credit office accessible (convey assets ).
Answer:
What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? The firm's APR of not taking the trade credit is <u>0.1613</u>.
Explanation:
The nominal cost of its non-free trade credit = the discounts lost for paying late.
In this case, the seller offers a 3% discount if the firm pays within 15 days.
annual financial cost = [discount / (100% - discount)] x [365 / (repayment time - discount period)]
annual financial cost = [3% / (100% - 3%)] x [365 / (85 - 15)] = (3% / 97%) x (365 / 70) = 0.1613 or 16.13%
Answer:
Bodily's income tax payable for 2016 would be 54000
Explanation:
Tax for the year 2016 = 300000*30% i.e 90000
Loss set off = 120000
Tax saving on loss set off = 120000*0.30 i.e 36000
Net tax expense for the year 2016 = 90000-36000
i.e 54000
Answer:
b. limited-life or indefinite-life.
Explanation:
As we know that as per current accounting practice, intangible assets are classified as Limited-life or indefinite-life.