Answer:
rent
Explanation:
The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.
Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.
Answer:
The value of all future payments discounted by the interest rate
Explanation:
Since the purchase of the asset is by installments to be paid in the future. The present value to be recognized is the sum of the future payments discounted at the predetermined interest rate.
The first payment due now will not have to be discounted but future payments will have to be discounted to ascertain the present value of the asset to be recognized in the balance sheet.
Answer:
Ending inventory= 30,000
Explanation:
Giving the following information:
Its beginning inventory is $70,000, goods purchased during the period cost $240,000, and the cost of goods sold for the period is $280,000.
The ending inventory is the cost of the units remaining at the end of the period.
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
280,000= 70,000 + 240,000 - ending inventory
ending inventory= 70,000 + 240,000 - 280,000
Ending inventory= 30,000
Answer:
TRUE
Explanation:
Yes, it is very much true that marketing ethics is concerned with distinguishing between right and wrong actions and decisions that arise in a business setting. According to broad and well-established moral and ethical principles that might arise in a business setting, and any special duties or obligations that apply to persons engaged in commerce. In marketing ethics, companies try to work for the welfare and well-being of its customers as well, instead of not only focusing on the profits and sales. Community gets the benefit in larger extent when firms starts working for it by acting upon marketing ethics. Some people argue that marketing ethics is just a way to increase number of sales but in all cases, the larger community also get benefits from it.
