Answer:
A business owner pays for rent and equipment at their office ⇒ FIXED COSTs since the amount of rent paid should be the same year after year
An airline considers the costs of serving food and beverages to its passengers ⇒ VARIABLE COSTS since the cost of serving food will increase as the number of passengers increase, or will decrease if the number of passengers decrease
A company considers the costs it pays to its employees ⇒ VARIABLE COSTS since the number of employee can vary and the number of hours worked can also vary
A clothing manufacturer buys new machines for its factory ⇒ FIXED COSTS since the machines are depreciated at a predetermined rate that doesn't depend on the factory's output
Answer:
<em>Budgeting, analysis of investment proposals, and provision of funds are activities associated with the </em><em><u>finance</u></em><em> function.</em>
Explanation:
<em>The </em><em>finance </em><em>function</em><em> </em><em>manage</em><em>s</em><em> </em><em>a </em><em>business</em><em>'</em><em> </em><em>finance </em><em>and </em><em>helps </em><em>with</em><em> </em><em>the </em><em>decision</em><em>-</em><em>making</em><em>.</em><em> </em><em>This </em><em>allows </em><em>businesses</em><em> </em><em>to </em><em>manage</em><em> </em><em>in </em><em>the </em><em>modern</em><em> </em><em>world.</em>
Answer: $910,000
Explanation:
Pension expense is calculated by the formula:
= Prior Service cost for the year+ Service cost + Interest cost - Expected return on plant assets
Prior Service cost = Prior service cost / Service life of active employees
= 8,000,000 / 20
= $400,000
Expected return on plan assets = Plan assets * Interest rate
= 1,500,000 * 10%
= $150,000
Pension expense = 400,000 + 560,000 + 100,000 - 150,000
= $910,000
1) Fabian owns a store
2) He has to pay back the money to the creditors from whom the inventory was taken.
<u>Explanation:</u>
Ownership is the state, act, or right of owning something, i.e., possessing something. For example, the government is the owner of a state company. Liabilities are defined as a company's legal financial debts or obligations that arise during the course of business operations.
Since in this question, Fabian is the owner of a shop and he possesses it and he owns it. And since it is a financial debt on Fabian to pay the creditors, it is a liability for him.
