Answer:
Explanation:
The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.
That statement is true
The curse of knowledge is a bias that formed because we have deeper knowledge about a specific knowledge compared to other people.
another example would be: the majority of wealthy Bankers have their own Physical deposits to store some part of their wealth because they understand the Risk that could be caused by failing Banks.
Answer:weaker; stronger
Explanation:index of leading indicators is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. The index is composed of 10 economic components whose changes tend to precede changes in the overall economy. Businesses and investors can use the index to help plan their activities around the expected performance of the economy and protect themselves from economic downturns.
Leading economic indicators are statistics that precede economic events. They predict the next phase of the business cycle. That becomes critical when the economy is either coming out of a recession or heading into one.
Answer:
The amount allowed in the year 2018 = $298,083
Explanation:
Provided information,
Asset value = $2,555,000
Life of asset = 5 years
Salvage value = $0
Since depreciation is not to be charged on bonus basis, the depreciation for each year = $2,555,000/5 = $511,000
Since the asset is put to use in June, the amount to be deducted will be for 7 months June to December.
= 
Thus the amount allowed in the year 2018 = $298,083
Answer:
Will the financial statements of a company always differ when different choices at the start of the accounting period are made regarding the denominator-level capacity concept?
A. No. It depends on how a company handles the production-volume variance in the end-of-period financial statements. For example, if the adjusted allocation-rate approach is used, each denominator-level capacity concept will give the same financial statement numbers at year-end.
Explanation:
Level capacity strategy
The organisation manufactures or produces at a constant rate of output ignoring any changes or fluctuations in customer demand levels. This often means stockpiling or higher holdings of inventory when customer demand levels fall
