All categories

3 years ago

Which of the following is an example of a capital resource

1 answer:

4 0

You didn't provide examples, but since capital resources are resources made so as to have them make other things, you could say that capital resources are things like machinery for building things, or machinery created in order to create food, or basically anything whose purpose is to make other things. Most basic things that belong to that domain are tools like a hammer or a screwdriver.

You might be interested in

Identify which basic principle of accounting is best described in each item below.

adelina 88 [10]

Answer:

The Matching Principle

Explanation:

The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.

This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.

For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.

4 0

3 years ago

Goldie is a manager in a company that manufactures wrought iron furniture. She assesses the performance of the company by determ

Rainbow [258]

Answer: Partial Productivity.

Explanation:

Goldie is making use of partial productivity to evaluate her company's performance. Partial Productivity is a method of calculating productivity by comparing the total output to a fraction of the input.

Partial Productivity =

output / single input

4 0

3 years ago

The following information pertains to Peak Heights Company:

Delvig [45]

Answer:

Peak Heights Company

PEAK HEIGHTS COMPANY

Statement of Cash Flows

Operating Activities Section

Net income $15,625

Non-cash flow: Depreciation 6,700

Changes in working capital:

Accounts receivable -$4,400

Inventory 4,000

Salaries payable 750

Net cash from operating activities $22,675

Explanation:

A) Data and Calculations:

Peak Heights Company:

Income Statement for Current Year

Sales $85,900

Expenses Cost of goods sold $51,675

Depreciation expense 6,700

Salaries expense 11,900 70,275

Net income $15,625

Partial Balance Sheet Current year Prior year Changes

Accounts receivable $9,800 $14,200 -$4,400

Inventory 13,100 9,100 4,000

Salaries payable 1,620 870 750

5 0

3 years ago

The managers at Fazer Technologies Inc. prepared a report on the profits earned and the losses incurred by the company over the

HACTEHA [7]

Answer:

external report

Explanation:

Note that, the manager prepared a report which he later presented to the stockholders of the company; meaning he gave the report to an outside party.

Remember, external reports are usually given to investors to know the financial condition of the company. Thus, the shareholders would need the report in order evaluate the financial condition of Fazer Technologies Inc.

3 0

3 years ago

Frank has thirty years of service as a manager for his company. he remembers when managers had almost complete freedom to fire w

Alex787 [66]

From the described case in the question, it is clear that Frank believes in doctrine called at-will employment or employment at-will.

At-will employment is a U.S term used for a condition where an employee can be fired at anytime and without any warning as long as the reason isn’t illegal by law.

This type of doctrine is no longer the main doctrine used in most U.S states by the 20th century, but it was commonplace during the late 19th century.

8 0

3 years ago