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3 years ago

The relationship between the passage of time and the value of assets is called:_________

Business

1 answer:

Paha777 [63]3 years ago

3 0

Answer:

Depreciation

Explanation:

Depreciation is the decrease in value of an asset as time goes by. Depreciation is a method used in expensing the cost of an asset.

As time goes on, the value of an asset reduces as a result of wear and tear. this is known as depreciation.

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Under the Articles of Confederation, the government was not allowed to regulate commerce which allowed states to trade unfairly

GarryVolchara [31]

Answer:

2) trade to decrease

Explanation:

Unfair trade practices always hurt those who wish to trade fairly and benefit those companies or individuals that are close to the authorities that impose the unfair trade practices. In other words, unfair trade practices are the result of public corruption, and both consumers and honest producers are hurt by them.

The Articles of Confederation didn't allow congress to regulate interstate commerce, resulting in unfair trade practices like discretionary tariffs imposed to hurt producers from other states and favor local producers who sold their products at higher than market prices, hurting local consumers.

6 0

3 years ago

Which of the following ratios measures how effectively a firm is managing its assets?a. quick ratiob. times interest earnedc. pr

lana [24]

Answer:

the answer is the Inventory turnover ratio hope this helps

Explanation:

7 0

4 years ago

During 2021, its first year of operations, Hollis Industries recorded sales of $10,600,000 and experienced returns of $720,000.

Wittaler [7]

Answer:

Explanation:

The journal entries are shown below:

1. Sales revenue A/c Dr $128,000

To Sales return and Allowances $128,000

(Being return sales is recorded)

The computation is shown below:

= Recorded sales × estimated returned percentage - experienced returns

= $10,600,000 × 8% - $720,000

= $848,000 - $720,000

= $128,000

2. Inventory A/c Dr $76,800 ($128,000 × 60%)

To Cost of goods sold $76,800

(Being returned cost of goods sold recorded)

7 0

3 years ago

If property is inherited by a taxpayer,

Inga [223]

Answer:

Correct option is A.

<u>In general, the basis to the recipient is the fair market value at the decedent's date of death. </u>

Explanation:

If property is inherited by a taxpayer, <u>In general, the basis to the recipient is the fair market value at the decedent's date of death. </u>

As per the the law when property is transferred on account of death, then basis to the recipient is the fair market value at the time of death of decedent's.

7 0

3 years ago

Majenta Company uses a standard costing system. The following information pertains to direct labor costs for February: Standard

4vir4ik [10]

Answer:

Option a 7500 hours.

Explanation:

Given that Majenta Company uses a standard costing system. The following information pertains to direct labor costs for February:

Labour rate variance = Actual hours x actual rate - actual hours x std rate

Here we have actual rate = 10 and std rate = 12

So Labour rate variance = Actual hours (10-12) = 15000 F

This gives

actual hours = 15000/2 = 7500 hours

So option a

5 0

3 years ago