Answer:
Decrease in Bank balance and increase in fixed assets
Explanation:
When a new depreciable asset is purchased, the money leaves the bank account hence reducing the bank balance in the statement of financial position, and on the other hand the 'Fixed asset' balance will rise by the same amount; recognizing the addition to the assets of the company. In this scenario the balance sheet totals remain unchanged as the same amount has been subtracted from 'bank' and added to 'fixed assets' all within the asset side.
However, if the asset is debt financed, it will increase the long term liability figure because 'bank loan' will be recognized. Hence the totals of the balance sheet will rise by the amount of the loan on the 'Capital and liabilities' side and the amount of the asset on the 'Asset' side.
Another impact is that the amount of depreciation charged to the Income Statement will be higher than $2,946,667 which was charged in the previous year because the new asset's depreciation will have to be added.
Answer:
c. 1.5%
Explanation:
Food as total Expenditure of Country = 15%
Food's Price rise = 10%
while other components of the price index remain constant price index rise will be calculated as follows:
Price index rise = 15% x 10%
Price index rise = 0.15 x 0.1
Price index rise = 0.015
Price index rise =1.5%
So the correct option is c. 1.5%
<span>A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals to 3.4 times.
$17000 / $ 5000 = 3.4 times</span>
Answer:
$1,302,000
Explanation:
To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000
The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.
Answer:
The options are given below:
a) punctuation
b) interpretation
c) perceptuation
d) conjugation
e) intrepidation
The correct option is A. Punctuation.
Explanation:
To punctuate a communication refers to the interpretation of an ongoing sequence of events by determining that one event is the cause and the resulting event is the response. In a situation with communication, if one thing happens, something else always happens.
In the scenario above, both Shannon and Roger are exemplifying the theory of punctuation, because they each think that their actions are as a result of the actions of the other person.