All categories

3 years ago

The total amount of financial assets, minus any debts, is referred to as?

1 answer:

4 0

The answer is Net Assets. The total assets minus the total liabilities or debts are defined as Net Assets. Net Assets could be defined in different ways. For example, in a corporation the net assets are reported as the stockholders equity. Some even refer the net assets as wealth.

You might be interested in

Peter Ittig's department store, Ittig Brothers, is Amherst's largest independent clothier. The store receives an average of

ANTONII [103]

The type of control chart that is best to monitor this process is C-chart.

Explanation:

C-chart helps in determining whether the defects or returns are within the control limits or not.

Given:

Mean = average = 6 per day

Z=3

UcL = mean + 3[square root of mean]

= 6 + 3 (Sq root of 6)

UcL = 13.34

LcL= mean - 3[ square foot of mean] = - 1.34

LcL= -1.34

So the returns are within the control limits.

3 0

3 years ago

LO 5.5In a process costing system, which account shows the overhead assigned to the department?

Elina [12.6K]

Work in process inventory

Explanation:

The overall costs assigned to the department is shown in a costing system for "work in the process inventory"

Work in the process stock shows all costs of the product manufacture and the applicable overhead is also charged to the process stock account.

With goods at various stages of the production process, the WIP applies to the raw materials, the work and overhead costs involved. WIP is part of the balance sheet inventory asset account. These costs will then be converted to the finished product account and ultimately to sales costs.

5 0

3 years ago

Exercise: A lot consists of 20 defective and 80 non-defective items from which two items are chosen without replacement. Events

Inessa05 [86]

The probability that both item is defective are 3.84%

The probability that the second is defective is 20%

<h3> What is the probability that both items are defective?</h3>

a) Remember that the question says they are drawn without replacement

hence

(20/100)*(19/99)

= 19/495

= 0.03838383

= 3.84%

b. What is the probability that the second item is defective?

(20/100)*(19/99) + (80/100)*(20/99)

= 0.03838383 + 0.1616

= 0.199999

= 0.2

= 20 percent

Read more on probability here: brainly.com/question/24756209

#SPJ1

5 0

2 years ago

During 2008, Gum Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related

Citrus2011 [14]

Answer:

d. $14,250

Explanation:

Calculation of the amount that Gum should report as estimated warranty liability on its December 31, 2009 balance sheet

First step

2% within twelve months following the sale + 4 % in the second twelve months following the sale.

Will give us 6%

Second step is to calculate the estimated warranty liability that should be reported

Sales Total of $400,000×6%

=$24,000

Hence,

Estimated warranty liability =$24,000 -Total of actual warranty expenditures of $9,750

Estimated warranty liability=$14,250

Therefore the amount that Gum should report as estimated warranty liability on its December 31, 2009 balance sheet will be $14,250

7 0

3 years ago

Please tell me 5 interesting for each one and one question that you have for each i need this for a class that only 15 people ar

Evgen [1.6K]

Answer:

Towson University-

the second-largest university in the prestigious University System of Maryland

the 12th-largest public university system in the United States

The campus has pledged to become carbon neutral by 2050.

Their numbers include over 800 international students from 100 nations.

Before being the Tigers, Towson's mascot was the Golden Knights.

Q? What is the average GPA for this school

UCLA-

UCLA's colors are “True Blue” and gold

frequently used in movies that require a college setting

has a proud history in many sports, and was the first university to reach the 100-championship mark.

was founded in 1919 as the Southern branch of the University of California

regularly receives the largest number of undergraduate applications per year.

Q? Is UCLA a top 20 school?

UCF-

the largest university by enrollment in Florida

ranks second among Florida's state universities

has a formal plan to increase civic learning and political engagement

UCF's six-year graduation rate is 70 percent

UCF has gone through four different mascots.

Q? What is UCF best known for?

4 0

3 years ago