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Lubov Fominskaja [6]
3 years ago
7

The best way to research an expensive product is to? A. Visit multiple company websites B. Watch many television commercials C.

Make a purchase and test it out D. Read consumer information magazines
Business
2 answers:
Ann [662]3 years ago
8 0

Answer:

D

Explanation:

edge 2020

uysha [10]3 years ago
5 0
All of them are good options, but I would say that D would be the most practical. This is because you’re able to find a large amount of information about a product and view its uses in your situation without paying the cost of the actual product itself.
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A company purchases new equipment for $90,000 cash on August 1, 2021. At the time of purchase, the equipment is expected to be u
nikdorinn [45]

Answer:

The accounting entry to record the depreciation expense on December 31, 2021 is:

Depreciation Expense - Equipment            Debit               $ 9,375

Allowance for depreciation Equipment                  Credit                     $ 9,375

Explanation:

The data in the question shows that the equipment is depreciated over the estimated useful life of the asset on an even  basis, this implies that the method of depreciation is straight line method.

The equipment was purchased on August 01 2021 and the adjusting entry is required on December 31, so the depreciation needs to be recorded for 5 months.

The amount shall be computed by multiplying the monthly depreciation amount with the period

$ 1,875 * 5 months = $ 9,375.

The accounting entry is debited to the depreciation expense account and credited to the allowance for depreciation.

The equipment is shown on the balance sheet date at cost less allowance for depreciation.

3 0
3 years ago
True or False When evaluating the choice you made you should never second guess your decision? Pls help
kondaur [170]

Answer:

False. When you want to make a decision, you have to think about the consequences. Good or bad? Will it affect someone mentally?  Will it help you in the future? It's about the consequences.

Explanation:

5 0
2 years ago
On January 1, 2013, Nichols Corporation granted 10,000 options to key executives. Each option allows the executive to purchase o
evablogger [386]

Solution:

Dec 31 2013

Compensation Expenses                                    $200,000

Paid in Capital- Stock Options                            $200,000

*To record compensation expense for 2013

Computation-Compensation Expense= 400,000/2= $200,000

Dec 31 2014

Compensation Expenses                                       $200,000

Paid in Capital- Stock Options                               $200,000

*To record compensation expense for 2013

Computation- Compensation Expense= 400,000/2= $200,000

Dec 31 2015

Cash                                                       $240,000

Paid in Capital- Stock Options              $320,000

Common Stock                                        $40,000

Paid in capital – in excess of par common stocks        $520,000

*To record stock option for 5 years and market price $30 with a balance record in the PIC in excess of common stock, 8,000 option exercised out of 10,000

Computation-

PIC- stock options- 400,000 X 80%= $320,000

      Common stock = 8,000 X 5 per share= $40,000

       80%= amount of stock options redeemed.

       8,000/10,000= 80%

Dec 31, 2017

PIC- stock options                                            $80,000

PIC- Expired Stock Options                             $80,000

*To record paid in capital- stock option for 2017 which is $80,000

Computation= 400,000 X 20%= $80,000

20% = amount of stocks that were not redeemed.

4 0
3 years ago
Novak Corp. reported net income of $1.20 million in 2022. Depreciation for the year was $192,000, accounts receivable decreased
Kay [80]

Answer:

$1,476,000

Explanation:

According to the scenario, computation of the given data are as follows:-  

Statement of The Cash Flow 31 December,2022

Particular                               Amount        Total Amount

Net Income                                                  $1,200,000

Depreciation                                $192,000  

Accounts receivable Decrease   $420,000  

Accounts payable Decrease       ($336,000)  

                                                                 $276,000

Net cash provided by operating activities        $1,476,000

6 0
3 years ago
A business would like to invest in a new product, but they are short on extra
pickupchik [31]

Given the scenario described herein, one good solution for the business to invest in a new product when it is short on cash is <u>B. Liquidate some inventory to increase cash flow.</u>

<h3>What is Cash?</h3>

In accounting, cash includes bills, coins, bank balances, money orders, and checks. Cash is the first item in most balance sheets, especially if the company is reporting liquidity.  Cash happens to be the most liquid of all assets. Cash also includes cash equivalents, which are assets readily converted into cash.

Thus, the company does not need to raise prices, fire employees, or cut wages to raise cash.  It can liquidate some inventory at lower prices if necessary.

Learn more about meeting cash requirements at brainly.com/question/735261

7 0
2 years ago
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