Answer:
(a)- Its assets will increase, as will its equity
Explanation:
The commercial terms state FOB shipping point therefore the transfer succeeds once the cargo enter the port.
The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.
Account receivable(+Assets) debit
Sales Revenue(+Equity) credit
Answer:
D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur
Explanation:
This is the best answer to the question
Answer:
$290,000
Explanation:
We start with the cost of building a replica of the house:
building a new house: $350,000
plus highest and best use $25,000
minus perceived value loss ($20,000)
minus physical deterioration ($50,000)
<u>minus building obsolescence ($15,000) </u>
appraised value $290,000
Answer:
Trend- % change in sales = 34.64%
Explanation:
<em>Trend analysis entails determining the performance of a business over time by comparing its performance data from one period to another. The aim of trend analysis is to identify the behavior of a set of ratios over a period of time by comparing them across different years.</em>
To determine the trend for a particular data, we use the formula below
% Change in variable =
(Current year figure - Previous year figure)/Previous year figure × 100
DATA
Current year figure for sales (2017) - 450,000
Previous year figure for sale (2016) - 688,500
% change in sales = (450,000 -688,500)/688,500 × 100 = 34.64%
% change in sales = 34.64%
This implies that the company made sales in 2017 which is 34.64% less than that made in 2016
Answer:
d) association a consumer places in a brand with an organization.
Explanation:
Brand equity referes to the commercial value of a brand that a costomer perceives from the brand name. it is the value associated with the brand and not its product or services.
