The correct definition of an asset is B. An asset is a resource that a business owns or controls.
<h3>What is an Asset?</h3>
This refers to the commodity that a person owns that generates money over a period of time.
Hence, we can see that from the given answer choices, there are different definitions, but the correct definition is found in option A because it states that it is a resource that a business owns or controls.
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Answer:
The marginal cost is $200 that she needs to complete the task.
Explanation:
Giving the following information:
Cassie has just spent $800 purchasing, cleaning, and reconstructing an antique quilt which she expects to sell for $1,500 once she is finished. After having spent $800, Cassie discovers that she would need some special period fabric that would cost her $200 in material and time to complete the task. Alternatively, she can sell the quilt "as is" now for $900.
The $800 is a sunk cost. Now we need to determine the marginal cost. The marginal cost is $200 that she needs to complete the task.
Answer:
The two questions that he must ask from himself are:
- Do you have credit report?
- Do you have good credit score?
Explanation:
The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.
Answer:
this would cause total costs to Increase and the break-even quantity to Increase.
Explanation:
Total Cost is the Sum of All Manufacturing and Non-Manufacturing Cost of a product.
Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.
Therefore an Increase in the advertising expense causes an increase in Total cost figure.
Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.
Answer:
A.Earns net income by buying and selling merchandise.
Explanation:
Merchandiser is a organization or individual which supplies and promotes products to the consumers. Merchandisers buy the merchandise from manufacturer and display it on their place to sale it. The Net value of Purchase price and Selling price is their return. So, They earn the net income from buying and selling of product.
