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4 years ago

The cost principle requires that when assets are acquired, they be recorded at __________.

1 answer:

4 0

The right answer for the question that is being asked and shown above is that: "d. exchange price paid." The cost principle requires that when assets are acquired, they be recorded at d. exchange price paid<span>
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Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit card

ipn [44]

Answer:Hello! i am figuring this question out for you! one moment

Explanation:

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3 years ago

Which of the following employees has the largest gross pay? a. Employee A: Total employee benefits $1,500 Total job benefits $49

Fiesta28 [93]

Answer:

<h2>Employee D has the largest gross pay among all the four employees.</h2>

Explanation:

Gross pay is normally calculated by taking the sum or aggregation of the basic salary or direct job related benefits and any additional employee benefits obtained by the employee from the company.

Therefore,for employee A,total gross pay= $(49,800+1500)=51,300$ dollars

For employee B,total gross pay= $(51,200+1050)=52,250 dollars$

For employee C,total gross pay= $(51,900+1000)=52,900 dollars$

For employee D,total gross pay= $(52,300+3000)=55,300 dollars$

Therefore,based on the above calculations of gross pay of all the employees,employee D has the highest or largest gross pay which is $55,300.

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3 years ago

Read 2 more answers

Joe: "i think the key additional information you need to know in deciding whether the doctor should keep the medical practice

RoseWind [281]

<span>This is what Joe says: "Information is more important than the additional revenue and additional cost of being open 1 more hour."
He is a wise person</span>

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3 years ago

When units are moved from one processing department to the next, the cost associated with those units must also be moved from o

KonstantinChe [14]

These costs called as Transferred costs.

<h3><u>Explanation:</u></h3>

The costs that are accumulated during the time of upstream production process in a firm refers to Transferred costs. These are associated with the goods that are transferred to the next department of a business from one department. With this product there will be a continuation of the production process.

These are semi finished goods that are transferred for the purpose of continuing the production process. When these units are moved form the processing department to the next department, these transferred cost will be transferred from one work in process account to the next account.

7 0

3 years ago

A firm has a profit margin of 5.1 percent, a total asset turnover of 1.84, and a return on equity of 16.2 percent. What is the d

Jet001 [13]

Answer:

Debt / Equity = 0.72649 : 1 or 72.649%

Explanation:

The ROE or return on equity can be calculated using the Du Pont equation. It breaks the ROE into three components. The formula for ROE under Du Pont is,

ROE = Net Income / Sales * Sales / Total Assets * Total Assets / Shareholder's equity

ROE = Net Income / Total equity

Assuming that sales is $100.

Net Income = 100 * 0.051 = 5.1

Total Assets = 100 / 1.84

Total Assets = 54.35

0.162 = 5.1 / Total equity

Total Equity = 5.1 / 0.162

Total Equity = 31.48

We know that Assets = Debt + Equity

So,

54.35 = Debt + 31.48

Debt = 54.35 - 31.48

Debt = 22.87

Debt / Equity = 22.87 / 31.48

Debt / Equity = 0.72649 : 1 or 72.649%

6 0

3 years ago