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3 years ago

Which of the following assertions is true?

Business

1 answer:

wariber [46]3 years ago

5 0

Answer:

D) Agency costs involve costs that are incurred from managers pursuing their own interests at the expense of shareholder value and costs that are incurred by shareholders to make sure that managers pursue shareholder value.

Explanation:

Due to the fact that most public companies are not managed by owners but by managers, agency cost arises.

Agency cost arises when the manager pursues her own interest to the detriment of the owners.

In order to mitigate against agency costs , owners put certain mechanisms in place to limit these costs. Some of these mechanisms include increased monitoring and employment contracts

I hope my answer helps you

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The price of a good or service must ____.

monitta

Answer:

c. cover the cost of producing and selling the product

6 0

3 years ago

All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. T

pychu [463]

Answer:

The correct answer is letter "C": The adjusting entry for deferred revenues increases revenues and decreases liabilities

Explanation:

Deferred Revenue is accrued payments that a corporation collects for goods or services that it has not yet produced or dispatched. Another term for deferred revenue is unearned revenue. Whereas normal payments for goods or services are recorded as revenue on the company's Income Statement, deferred revenue is recorded as a liability until the product is shipped.

For accounting purposes, <em>the adjusting entry for the deferred revenue by increasing an asset account (cash) with a debit and by increasing a liability account (unearned revenue) with a credit.</em>

7 0

4 years ago

Makes it illegal for u.s. companies and citizens to bribe foreign officials to influence a governmental decision?

kirza4 [7]

Foreign Corrupt Practices Act
https://en.m.wikipedia.org/wiki/Foreign_Corrupt_Practices_Act

5 0

3 years ago

Suppose the demand function (D) for golf clubs is: Qequals150minus1.00P, where P is the price paid by consumers in dollars pe

nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

$(D): Q=150-1.00P\\(S): Q=1.00P\\$

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

$150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75$

The number of units sold at that price is:

$n=1,000*(1.00*75)\\n=75,000\ units$

8 0

3 years ago

13.. Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $150,000 d

tatuchka [14]

Answer:

$800,239.40

Explanation:

Calculation for the balance in Francisco lease liability at December 31, 2022

First step is to find the Liability for the year end 31st December 2021

Using this formula

Liability as on 31st December 2021=Initial Value of the Liability - Annual Payment

Let plug in the formula

31st December 2021 Liability =$1,013,854-$150,000

Liability as of 31st December 2021=$863,854

Second step is to find Interest for the Year 2022

Interest =$863,854×10%

Interest =$86,385.40

Third step is to less the interest amount from the Annual payment

Annual Payment $150,000- Interest $86,385.40

=$63,614.60

Last step is to find the balance in the lease liability at December 31, 2022

Lease liability balance = $863,854 -$63,614.60

Lease liability balance=$800,239.40

Therefore What should be the balance in Francisco lease liability at December 31, 2022 will be $800,239.40

5 0

3 years ago