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3 years ago

Anything that is capable of being owned or controlled to produce value would be considered as what?

Business

1 answer:

Tatiana [17]3 years ago

7 0

Answer: The correct answer is anything that is capable of being owned or controlled to produce value is an asset.

Explanation: An asset is anything that is capable of being owned or controlled to produce value. Assets represent the value of ownership that can be converted to cash.

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On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost

yaroslaw [1]

Inventory value of Cold stone Corporation as on 31/12/2021 is $ 58,600 at cost value and $61,530 at retail value

Explanation:

In the United Kingdom, Retail price index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

LIFO - last in first out method .,means the inventory purchased in last will be sold first.

opening inventory and closing inventory always calculated at cost price only

Cost of sales = sales- markup

= $846,000 - $11,000 = $835,000

Closing inventory value

= cost of sales - purchases - opening inventory

= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600

$= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600$

Retail value of inventory on 31/12/2021

= $ 58,600×1.05= $61,530

$= $ 58,600×1.05= $61,530$

3 0

3 years ago

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up

mel-nik [20]

Answer:

a. July 31

Explanation:

According to the revenue recognition principle, the revenue is recorded when the revenue is realized or earned not when the cash is received. There is no effect on cash receipt in this principle

Whether cash is received or not, the revenue is recognized when the service is provided to a customer

According to the given scenario, the service is performed so it is on July 31

8 0

3 years ago

What is the role of education to become a manager ?

iragen [17]

Answer:

There are several ways to become a Business Manager, but most organisations require a minimum of a bachelor's degree in business management.

These are usually 3-year courses covering topics such as management theory and practice, budgeting and planning, leadership skills and organisational behaviour.

5 0

3 years ago

Sleekwrap is a company that produces industrial coatings for the steel industry. until recently it relied on wholesalers to dist

sdas [7]

<span>As vital as the Web has been in the consumer market (B2C), it has turned out to be considerably more imperative in the business-to-business (B2B) advertise. E-commerce is the action of working on the Web or online. It alludes to purchasing and offering items and services on the Web through a site. E-commerce stands for electronic commerce.</span>

3 0

3 years ago

Describe business ethics. Provide an example to show the role they play in the workplace.

lara31 [8.8K]

Mark Brainliest please

Answer :

Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers. While corporate ethics programs have become common, the quality varies.

5 0

3 years ago