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Alik [6]
3 years ago
10

A business has the following items: - Land $1,500,000 - Machinery $30,000 - Cash $10,000 - Loan $500,000 - Owner’s equity? _____

_______
Business
1 answer:
vodomira [7]3 years ago
6 0

Answer:

The owner's equity amounts to $1,040,000

Explanation:

The formula to compute the owner's equity is as:

Owner's equity = Assets - Liabilities

Where

Assets = Land + Machinery + Cash

= $1,500,000 + $30,000 + $10,000

= $1,500,000 + $40,000

= $1,540,000

Liabilities = Loan

= $500,000

Putting the values above in the formula:

= $1,540,000 - $500,000

= $1,040,000

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stira [4]

The answer is<u> "helps a manager control the company."</u>


Managerial accounting is the way toward distinguishing, estimating, breaking down, deciphering, and conveying data to directors for the quest for an association's objectives. The key distinction among managerial and financial accounting is managerial accounting information is gone for helping directors inside the association decide, while money related bookkeeping is gone for giving data to parties outside the association.

7 0
3 years ago
A _____________ is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
Tamiku [17]

A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

<h3>What is foreclosure?</h3>

foreclosure serves as the the action of taking in the possession of a mortgaged property in case they fail to meet up with  mortgage payments.

In this case, A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

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7 0
2 years ago
Dear Mr. Trujillo: Subject: To all employees We’ve instituted a new process for requesting vacation time. Here’s how it will wor
ankoles [38]

Answer:

The answer is False.                                        

Explanation:

The qualities of effective communication are:

  1. <em>Completeness.</em> Effective communications are complete, i.e. the receiver gets all the information he needs to process the message and take action. If the information is complete there is no need to see HR for any questions.
  2. <em>Conciseness:</em> The communication was fairly concise. Conciseness is about keeping your message to a point.
  3. <em>Consideration:</em> Effective communication takes into account the receiver’s background and points of view. There was no compliments at the beginning of the message. Second, the message assumed on point 2 that people will know what to do with the Tab for Requests.
  4. <em>Concreteness: </em> Concreteness mitigates the risk of misunderstanding, fosters trust and encourages constructive criticism.
  5. <em>Courtesy: </em>The tone of the email lacked courtesy.
  6. Clearness: Clear communications build on exact terminology and concrete words, to reduce ambiguities and confusion in the communication process.
  7. <em>Correctness: </em>Correct grammar and syntax vouch for increased effectiveness and credibility of your message. Formal errors might affect the clarity of your message, trigger ambiguity and raise doubts. The email opens up with an address to Dear Mr. Trujillo when it is supposed to go to all staff.

Cheers!

8 0
3 years ago
3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase
Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials  = $3,956 million

used raw materials  = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = \frac{raw\ material\ used}{average\ raw\ material}    ..............1

here average raw material inventory = \frac{930+880}{2}

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = \frac{4006}{905}  

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = \frac{ending\ raw\ material\ inventory}{raw\ material\ used}  × 365   .............2

put here value

number of days sale in raw materials inventory = \frac{880}{4006}  × 365

number of days sale in raw materials inventory = 21.97

8 0
3 years ago
As an advertising manager of a company, you have been asked to write out a proposal stating why the company should advertise and
e-lub [12.9K]

Answer:

Advertising

Explanation:

Considering the present market conditions in which this organization operates I propose to the Company Board that the organization starts advertising on various platforms considering the following reasons:

1. Increase Profit:

When we advertise, we create more sales which in turn leads to an increase in profits.

2. Market share:

The market share for this the company expands as a result of increased customers; due to advertising.

3. Builds Goodwill:

As the company becomes a very popular company because of growing advertising it will increase the trust if customers coming.

3 0
3 years ago
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