Answer:
the best description for the concept of erosion is option A) The cash flows of a new product that come at the expense of a firm's existing cash flow.
Explanation:
Erosion in accounting explains the activities that impacts negatively on a company's asset or funds.
When erosion occurs and asset is lost, the net worth of the company reduces.
Erosion could reduce profits, sales, or tangible assets, such as manufacturing equipment and sometimes all of a sudden due to technological innovation.
When the cash flows of a new product come at the expense of a firm's existing cash flow, erosion will occur.
Answer:
The correct answer is C
Explanation:
Alimony is the amount or an allowance or a legal obligation which is paid by the spouse to wife in order to support the financial support before or after the material divorce or separation.
Under this situation, Laura (L) pays the alimony to Steve (S), which is agreed upon the decree of the divorce. But in order to save the money, they started to live together, so the alimony payment will not be included in his income as they started to live together and the payment will not be considered as the alimony.
Answer:
Option D is correct,$1,950,000
Explanation:
In order to compute the closing balance of retained earnings, the preferred shares dividends for prior and current years as well as the common stock dividend must be deducted from net income before adding the remnant to the opening retained earnings:
Net income $870,000
Preferred dividend prior year($100*20000*8%) ($160,000)
Preferred dividend current year($100*20000*8%) ($160,000)
Common stock dividend($2*100,000) ($200,000)
net income after dividends $350,000
Closing retained earnings=$1600,000+$350,000
=$1,950,000
Answer:
D. To allow consumers to rapidly place orders with Amazon.
Explanation:
The Amazon Dash Button is a small device that you can stick to virtually any surface in your home, and it let's you instantly order household items you're about to run out of.
International investments. Could be for just about anything, from land to companies.