Answer:
Physical capital consists of manmade goods that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital. Physical capital values are listed in order of solvency on the balance sheet. The balance sheet provides an overview of the value of all physical and some non-physical assets. It also provides an overview of the capital raised to pay for those assets, which includes both physical and human capital.
Physical capital is recorded on the balance sheet as an asset at historical cost, not market value. As a result, the book value of assets is generally higher than market value. Accountants refer to physical capital as a tangible asset.
Human Capital
Intangible assets are non-physical capital. A balance sheet only lists intangible assets when they have identifiable values. Intangible assets can't be touched, but they are often represented by a legal document or paper.
Human capital is represented by more than the company brand. Harvard University is not Harvard University because of its crimson logo. The value of Harvard University is in its human capital. Human capital includes the knowledge base of the employees and is often measured by the quality of the product. It also refers to the network of the employee base and the general level of influence they have on the industry.
Examples of intangible assets include intellectual property such as brands, patents, customer lists, licensing agreements, and goodwill. When one company acquires or purchases another, and the purchase price is more than the physical assets it purchases, it creates goodwill. The difference is recorded as goodwill, and one of the largest components of goodwill is human capital. In fact, goodwill is one of the only places where an analyst can find a value for human capital on the balance sheet.
Explanation:
Answer:
See explanation section
Explanation:
October 5 Merchandise Inventory Debit $4,700
Accounts Payable - Bramble Company Credit $4,700
<em>To record the merchandise Inventory purchase on account. As the company uses perpetual inventory system, merchandise inventory becomes debit instead of purchase account.</em>
October 8 Accounts payable Debit $720
Merchandise Inventory credit $720
<em>To record the return of defective goods to Bramble Company. (Using perpetual inventory system)</em>
Answer:
Percentage
Explanation:
The percentage of credit sales method is one of the methods used in estimating bad debt expenses. The other method is the account receivable method. The percentage of credit sales method is also known as the income statement approach. It is dine by checking the historical percentages of credit sales that resulted in the bad debt. Attention is drawn towards determining the amount to be recorded on income statement as bad debt expense. Bad debt in itself refers to temporary account that states the estimated amount of current period's credit sales that customers will fail to pay.
Answer:
In the context of the sociological perspectives on groups and organizations, conflict theorists contend that organizations promote inequality that benefits elites, not workers.
Explanation:
Conflicts arise when discriminations are made based on caste, color, creed, money, power, etc. A person who brings forward the conflict theories is termed as the conflict theorist.
In the sociological perspective on groups and organizations, many conflict theorists are of the view that organizations bring forward only the rights of the elites. Apart from the elites, the needs of the workers that function for that organization are not taken into any account.