Answer:
None of the listed items would fall under the category of a liability
Explanation:
A liability is a present obligation that entails an outflow of economic resources (e.g cash) to settle. For an item to be classified as a liability it must relate to an event that had happened (i.e in the past) and not the future.
Computer software is likely an asset of a company. The payment for same, if not made already, can then be a liability.
Owners' equity is a contribution by the owner to further the business objectives.
Marketable securities are assets of the company, precisely current assets since it is assumed that they can be convertible to cash in a short while.
Employees' wages and salaries are expenses. It is only when they have not been paid as at when due i.e when the performance obligation has been satisfied (e.g workers have worked for a full month to which the salary relates) that it becomes a liability.
Based on the scenario, Sandpiper Air is a good example of Administrative Management.
Administrative Management:
- Involves the creation of a formal structure to facilitate an organization's success
- Tries to promote the concept of teamwork and team leadership
- Subordinates individual interest to the interest of the group or team.
This subordination of interest helps Sandpiper Air and Aeromass to share a small airport, a cafe, the customers, and taxi services.
Administrative Management uses hierarchy to achieve its goals. An Administrative Management system is not a closed system because it receives input and produces output.
Thus, the focus of administrative management is not for the sole ownership of big infrastructure, but it attempts to elicit the cooperation of a wider network to achieve success.
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Answer: Ivan's monthly tax payment is $194.67.
The property tax rate is usually the property tax rate for an entire year.
We calculate the property tax in dollar terms as follows:
Since $2336 is the property taxes for a whole year, we calculate monthly taxes as
Answer:
The amount an employer will match for 401(k), the ideal age to establish a particular retirement plan, the amount an investor is allowed to contribute annually and the tax laws and breaks related to different retirement plans!
Explanation:
Answer:
$4,410,000
Explanation:
The computation of the total cost of Martson's new equipment is shown below:
= Required investment in new equipment + additional shipping and installation costs
= $4,200,000 + $210,000
= $4,410,000
We simply added the required investment value in new equipment and additional shipping and installation cost so that the correct value can come.
All other information which is given is not relevant. Hence, ignored it