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3 years ago

What is the name for the process of paying attention to important properties while ignoring nonessential details?

Business

1 answer:

sweet [91]3 years ago

5 0

Answer:

Abstraction

Explanation:

Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.

absstraction is very important in the aspect of object oriented programming

It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.

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There are seven commonly used organizational buying criteria. one of them is __________. select one:

Nina [5.8K]

<span>Of the seven commonly used organizational buying criteria, consumer demand is very important. If the consumer wants the product and is sure to purchase the product, organizational financial goals are likely to be met as the product will quickly sell.</span>

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3 years ago

The application of overhead has resulted in a $5,600 credit balance in the factory overhead account, and this amount is not mate

FromTheMoon [43]

when manufacturing overhead has a credit balance, overhead is overapplied. Overapplied overhead means that the overhead assigned to work in process is greater than the overhead incurred. Also, since the amount is immaterial, it should be closed in cost of goods sold.

The adjusting entry for the overapplied over-head is:

b. debit factory overhead $5,600; credit cost of goods sold $5,600.

After posting this entry the factory overhead account will have a zero balance.

Hope it helps!

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3 years ago

The investment interest expense deduction is limited to the taxpayer's net investment income.

cricket20 [7]

Answer:

The amount of interest which can be deducted in one year is limited to the net investment income of a taxpayer for that year.

Explanation:

This amount can not be exceeded. Investment income according to the IRS includes:... It does not include eligible dividends or net capital gains other than those that you want to include.

Limitations on investment interest Not all interest that you pay on investment loans are allowed to be deducted. For particular, the IRS forbids registration of certain forms of investment value, including:

1. Home mortgage interest eligible.

2. Value to raise tax-exempt revenue, as if the municipal tax-free bond is to be bought on a margin.

3. Option straddles, which are not available to most investors as an advanced investment strategy.

4.Interest in any passive operation when measuring profit or loss

7 0

3 years ago

Report a chef has a large container of olive oil. in one night, after he used 252525 quarts, 35.9\%35.9%35, point, 9, percent of

maks197457 [2]

He had a large container of 25 quarts. Then he used 25 quarts and 35.9% of the oil remained.
100% - 35.9% = 64.1%
25 quarts ------------------------- 64.1%
x quarts -------------------------- 100%
------------------------------------------------
25 : x = 64.1 : 100
64.1 x = 2,500
x = 2,500 : 64.1 = 39.00156 ≈ 39 quarts
39 - 25 = 14 quarts
Answer: 14 quarts of olive oil remained in the container.

8 0

3 years ago

On December 31, 2015, Sarasota Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Sara

Liono4ka [1.6K]

The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

<h3>Journal entries</h3>

(a) December 31, 2015

Debit Notes receivable $129,859.2

($160,000 x 0.81162)

Credit Service revenue $129,859.2

(PV of $160,000 due in 2 years at 11%)

(b) December 31, 2016

Debit Notes receivable $14,284.5

($129,859.2 x 11%)

Credit Interest revenue $14,284.5

Debit Discount on notes receivable $44,425

[$160,000 - ( $129,859.2- $14,284.5)]

Credit Interest revenue $44,425

Debit Cash $160,000

Credit Notes receivable $160,000

Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

Learn more about journal entry here:brainly.com/question/14279491

7 0

2 years ago