Answer:
A,B,D,E are cost which should NOT be expensed when incurred. While C is a cost which should BE expensed when incurred.
Explanation:
(a) $13,000 paid to rearrange and reinstall machinery. select an option. NO
(b) $200,000 paid for addition to building. select an option. NO
(c) $200 paid for tune-up and oil change on delivery truck. select an option. YES
(d) $7,000 paid to replace a wooden floor with a concrete floor. select an option. NO
(e) $2,000 paid for a major overhaul on a truck, which extends the useful life. NO
Therefore A,B,D,E are cost which should NOT be expensed when incurred. While C is a cost which should BE expensed when incurred.
Answer:
The first investment is more profitable than the general market interest rate.
Explanation:
Giving the following information:
An investment will pay $202,000 at the end of next year for an investment of $182,000 at the start of the year. The market interest rate is 7.9% over the same period.
<u>To compare both options, we need to calculate the final value of investing the $182,000 in other investment that pays a 7.9% interest rate.</u>
We need to use the following formula:
FV= PV*(1+i)^n
FV= 182,000*(1.079)= $196,378
The first investment is more profitable than the general market interest rate.
Answer:
<u>liability</u>, <u>asset </u>
Explanation:
Liability refers to a future obligation in monetary form which must be discharged by a business. Liabilities are classified on the basis of due period into current and long term. For instance payment due to a supplier, loan for repayment.
Assets on the other hand refer to something which yields future economic benefits. Assets could be in tangible fixed form, movable form or intangibles such as Goodwill.
In the given case, from the purpose of bank, acceptance of deposits constitutes a liability since the bank has to pay such deposits whenever required by the customer.
Similarly, lendings by a bank represent an asset since the bank would receive such sum coupled with interest at a future date.
Answer:
C.
Explanation:
During the 2008 election period the United States was going through a period of stagflation and the Presidential candidates were proposing various tax cuts and tax relief measures to stimulate the economy. This period of stagnation, which is a period of very little economic growth and yet a very high unemployment rate, it was mostly caused by the stock market crash during that year.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
