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2 years ago

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

Business

1 answer:

Tatiana [17]2 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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Would loaning a friend $10 to buy a movie ticket be an investment? Why or why not

Luden [163]

Answer:

Explanation:

An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.

3 0

3 years ago

The establishment clause of the First Amendment is concerned with _____.

neonofarm [45]

The establishment clause of the First Amendment is concerned with religion. C

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3 years ago

An Engel curve:________.

creativ13 [48]

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods

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2 years ago

The shareholders’ equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2015:

ivolga24 [154]

Answer:

TNL System Journal entries

Date Description DR CR

$'million $'million

a. Feb 5 Treasury Stock 66

Cash 55

Being the purchase of own shares

b. July 9 Cash 26

Treasurt Stock 22

Paid -in- Capital -share repurchase 4

Being the resale of treasury stock

c. Nov 4 Cash 16

Paid - in-capital- share repurchase 5

Retained earnings 1

Treasury stock 22

Being the resale of treasury stock below the cost

2. Balance Sheet as at December 31, 2018

$'million

Equity

Common stock, 230 ,illion shares at $1 230

Paid-in-excess capital of par 1,830

Retained Earnings ( 1,400 - 1 -1,399) -

2,060

Treasury Stock (22)

Total Equity 2,038

Explanation:

3 0

3 years ago

Question 3 The owner of a cemetery plans to offer a perpetual care service for grave sites. The owner estimates that it will cos

den301095 [7]

Answer:

$1,083

Explanation:

Given that,

Cost of providing perpetual care service for grave sites = $130 per year

Interest rate = 12 percent

Therefore, the one-time fee the owner should charge:

= Cost of providing perpetual care service for grave sites ÷ Interest rate

= $130 ÷ 0.12

= $1,083.33 or $1,083

Hence, the one-time fee should the owner charge for the perpetual care service is $1,083.

6 0

2 years ago