Answer:
The correct answer is (a)- asset.
Explanation:
An asset is a resource with value that someone owns with the intention of generating a future benefit (whether economic or not). In accounting, it represents all the assets and rights of a company, acquired in the past and with which they hope to obtain future benefits.
They have in common that they are the result of past events and are capable of generating economic returns in the future. All assets have the potential to bring money to the business, whether through use, sale, or exchange. Examples of assets are a premises, a van, a patent, a computer, raw materials, financial investments or collection rights.
Answer:
The statement is true
Explanation:
As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.
To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.
It's also established that point estimate get more clearer and understandable, and the difference between the mean and the null value can be easily singled out if the sample size is bigger.
Suffix to say, however, while the difference may connote a statistical importance, the practical implication notwithstanding, will be looked and studied on a different set of rules and procedures, beyond the statistical relevance.
Answer: Option (d) is correct.
Explanation:
Amount paid for candy = $1,500
Items received = 8,500 pieces of candy
Group 1 = 2,500 pieces
Selling price = $0.15 each
sale value = pieces sold × Selling price
= 2,500 × $0.15 each
= $375
Group 2 = 5,500 pieces
Selling price = $0.36 each
sale value = pieces sold × Selling price
= 5,500 × $0.36 each
= $1,980
Group 3 = 500 pieces
Selling price = $0.72 each
sale value = pieces sold × Selling price
= 500 × $0.72 each
= $360
Total sale value = $375 + $1,980 + $360
= $2,715
= 72.92%
Proportion of cost for Group 2 = cost × Percentage of sale in Group 2
= $1,500 × 72.92%
= $1,093.8
= $0.1988
= $0.20(approx)
Answer: B. Capital leases do not transfer ownership of the asset under the lease, but operating leases often do.
Explanation:
When using Capital Leases, the lessee will record the lease as if it were their own asset and as a result will also depreciate it. The lessee will also create a long term liability on their balance sheet for the asset.
Capital leases usually also involve a transfer of ownership to the lessee at the end of the lease term. Operating Leases on the other hand do not have these features. They are more like a rental of an asset and as such are recorded as a rental expense in the books of the lessee. The ownership remains with the lessor in an Operating Lease and the asset will be returned once the lease period is over.
