Improperly capitalizing a repair and maintenance expense item as a fixed asset will result in an <u>overstatement of profit in the current year and an understatement in future years</u>.
Fixed assets seek advice from long-term tangible assets which can be used inside the operations of an enterprise. They offer long-term monetary advantages, have a useful existence of a couple of yr, and are labeled as assets, plants, and equipment on the balance sheet.
Fixed assets, additionally called lengthy-lived assets or property, plant, and the system is a term utilized in accounting for assets and belongings that can't effortlessly be transformed into cash. Fixed assets are unique from the contemporary property, which includes coins or bank accounts because the latter are liquid property.
Fixed assets are capitalized. It really is due to the fact the advantage of the asset extends past the year of buy, not like different costs, which might be length expenses benefitting handiest the duration incurred. constant assets should be recorded at a price of the acquisition
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Answer:
C. install mannequin robots to display clothes
Explanation:
Among the offered answers, a truly avantgarde, modern approach is <u>to implement robot mannequins in the store.</u> With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.
Answer:
$3,675
Explanation:
Calculation to determine the amount of the annual interest tax shield
Using this formula
Annual interest tax shield=Outstanding face value*Coupon rate*Tax rate
Let plug in the formula
Annual interest tax shield = $250,000 *.07 *.21
Annual interest tax shield= $3,675
Therefore the amount of the annual interest tax shield is $3,675
Answer:
15%
Explanation:
Catherine is a departmental manager at Richardson
She earns $68,300 every month
She has family health care
Her employer contributes $935 every year towards total coverage Cost
The first step is to calculate the total contribution
Catherine rate for health care is $165 since her monthly pay is higher than $55,000
Total contribution = $165 + $935
= $1,100
Therefore the percent in which Catherine contributes towards total coverage can be calculated as follows
= 165/1,100 × 100
= 0.15 × 100
= 15%
Hence Catherine contributes 15% towards the total coverage
Joe decided to start washing cars on his street. The other kids in the neighborhood noticed Joe was making a lot of money washing cars and decided to open their own car wash. When they opened their own car wash, the equilibrium price decreased and the equilibrium quantity increased.
The price at which the quantity provided and demanded are equal is referred to as the equilibrium price. It is established by where the demand and supply curves cross. If more goods or services are produced than are needed to satisfy demand at the going rate, there is a surplus, which pushes prices lower.
Reduced demand will result in a drop in the equilibrium price and a reduction in supply. With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.
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