1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
4 years ago
6

Why can the owner of a business withdraw assets from that business for personal use?

Business
1 answer:
HACTEHA [7]4 years ago
5 0
<span>Since the business owner, by definition, is the person who controls all those assets and is responsible for them, he/she can take parts of them home if they so choose. This is a way to manage resources, especially if those resources are still useful in some way.</span>
You might be interested in
What is the simplest form of automation?
iVinArrow [24]

Answer:

The simplest form of automation is Robotic Process Automation (RPA).

Explanation:

The process refers to the development and implementation of technology to create and distribute goods and services with little human intervention is automation.

3 0
2 years ago
A client wishes to update their legacy system even though there have been no
maksim [4K]

If the client has not suffered any attacks, why is it still necessary to update their system because only businesses with older systems are targeted by attackers.

<h3>Why is it important to have a new security system?</h3>

Updates to systems, accounts, systems, and applications aren't just requested when there's a security breach on the system; in the case of apps or programs, the addition of new features and bug patches may prompt a developer update.

Thus, option A is correct.

For more details about important to have a new security system, click here:

brainly.com/question/22278398

#SPJ1

4 0
2 years ago
An acre lot was purchased for $100,000. A $500,000 office building was erected. The building is placed in service in May. Find t
kolezko [41]

Answer: $8025

Explanation:

From the information given, first and foremost, we need to realise that only the building in this case will be depreciated due to the fact that land is considered to be a non depreciable asset.

Therefore, the MACRS depreciation charge for year 1 will then be:

= MACRS rate × Value of Building

= 1.605% × $500,000

= 0.01605 × $500,000

= $8025

5 0
3 years ago
A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%. Which is true? The investm
irga5000 [103]

Answer:

The correct answer is B: The investment has a future value of $8,053

Explanation:

Giving the following information:

A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%.

We need to calculate the final value of the investment. We will use the following formula:

FV= PV*(1+i)^n

FV= 5,000*1.10^5= $8,052.55

3 0
3 years ago
Maker-Bot Corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. No di
AleksandrR [38]

Answer:

D) $130,000

Explanation:

We can compute this by calculating the total dividends payable to preferred stock holders each year.

Dividends payable = 10,000 * 90 * 0.10 = $90,000

Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000

So common share in dividend = Total paid - Preferred dividend cumulative

Common Dividend share = 400,000 - 270,000 = $130,000

Hope that helps.

5 0
3 years ago
Other questions:
  • Nu-Tek is expanding rapidly. As a result, the company expects to pay annual dividends of $.62, .80, and $1.05 per share over the
    6·1 answer
  • Crane, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of mark
    6·2 answers
  • Which of the following is a valid shortcoming of the use of foreign aid to eradicate​ poverty? A. It may not lead to a sizable i
    14·1 answer
  • Regarding convergence of accounting standards, the FASB and IASB:
    8·1 answer
  • The accourtant for Mega Stores, Inc, should have recorded the following correct entry Jan 15 Notes Receivable 243 Equipment 243h
    9·1 answer
  • Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he
    6·1 answer
  • On June 1, CamCo received a signed agreement to sell inventory for ¥500,000. The sale would take place in 90 days. CamCo immedia
    14·1 answer
  • Suppose that each day, northern, central and southern California each use 100 billion gallons of water. Also assume that norther
    5·1 answer
  • which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities
    11·1 answer
  • An advantage of a corporation is that
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!