Answer:
Children
Explanation:
An asset is any resource with a commercial value, owned or controlled by a person, business, or country with the objecting of profiting from it in the future. Assets are useful resources in generating revenues, reducing costs, or improving operations. Physical include building, vehicles, equipment, human resource, plants, and machinery. Non-physical assets comprise of copyrights, patents, licenses, and goodwill.
Children cannot be given an economic value, nor are they reported in the business's financial books.
<span>The cross-price elasticity of demand between salt and pepper is -0.50
In this example salt and pepper are Complements.
Instead, suppose salt and pepper were substitutes. If so, the the cross-price elasticity of demand between salt and peeper would be positive.</span>
Answer:
The Net Sales that will reported on the Income Statement from these transactions is $1,000.
Explanation:
The term "2/10, n/30" implies that the customer will enjoy a 2% discount if it pays within 10 days but must pay the total amount within 30 days.
However, customer paid on May 20 which is outside the 2% discount period. This implies the customer did not enjoy the 2% discount. That is, the customer paid the full amount of $1,000. Therefore, the net sales is $1,000 from these transactions.
Therefore, the Net Sales that will reported on the Income Statement from these transactions is $1,000.
Answer: $390
Explanation:
Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.
The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.
Six acres of prime undeveloped property are sold for $2.25 per square foot. The buyer should pay $588060
It is calculated as:
1 acre= 43560 sq ft.
Therefore 6 acre = 43560*6 = 261360 sq ft.
Property is sold for $2.25 per sq. ft
Therefore the price is calculated by multiplying the rate of per sq ft with the total sq ft area.
= 261360* $2.25
=$588060
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