Answer: The primary purpose of a mission statement is to state the reason for the existence of the business. The correct answer is D.
Explanation:
A mission statement is an important part of a businesses values. Every company should have a mission statement for their employees and their customers. The mission statement should be positive and set achievable goals for the future of the business. In the statement, a description of the location of the business should be included. The statement can include what types of customers are wanted and needed for the business to thrive.
Answer:
True
Explanation:
Generally a person makes the most money when he/she is 40 to 55 years old, and that are the same years when their total expenses are also higher. One of the highest costs are education costs, specially their children's college costs.
Assume that your children are born when you are 30-35 years old, and 22 years later they are finishing college. That fits the time period when your income peaks, and that is why you have to try cover all education expenses before turning 60.
Once you retire, around age 65, your expenses tend to level down, and if you were able to have some accumulated wealth, then it is always a good idea to set some apart to pay for your grandchildren's college. That way you are helping both your children (reducing their costs) and your grandchildren.
Answer: Thomas’ age is 15
Explanation:
T + 2T = 45
3T = 45
Divide both sides by 3
T = 15
Answer:
A is the correct option.
Explanation:
The amount which is receivable by a business from the customers once it had delivered goods and services is known as Trade receivables. It is documented on invoices and summarized in accounts receivable aging targets. The collections staff used this report to collect overdue payments. Trade receivables are also in separate accounts as the receivable account which is classified as current assets.
Answer:
(1) NO As this maintenaince will be done in order to keep the current value It is an expenditure to avoid decay of the plant assets
(2) Yes it should be capitalizeds as increase the useful life of the assets (thus the depreciation will change as well as the useful years remaining increases
(3) Yes it should be. As increase the utility it will have a higher future positive cashflow in the future.
Explanation:
We are asked under which circumnstances the amont spend in the maintenance or overhaul should increase the plant asset account or be considered expense of the period.