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Neko [114]
3 years ago
6

Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of

a firm's existing cash flow. b. Expenses that have already been incurred and cannot be recovered. c. The alternative that is forfeited when a fixed asset is utilized by a project. d. The differences in a firm's cash flows with and without a particular project. e. Change in net working capital related to implementing a new project.
Business
1 answer:
Delicious77 [7]3 years ago
3 0

Answer:

the best description for the concept of erosion is option A) The cash flows of a new product that come at the expense of a firm's existing cash flow.

Explanation:

Erosion in accounting explains the activities that impacts negatively on a company's asset or funds.

When erosion occurs and asset is lost, the net worth of the company reduces.

Erosion could reduce profits, sales, or tangible assets, such as manufacturing equipment and sometimes all of a sudden due to technological innovation.

When the cash flows of a new product come at the expense of a firm's existing cash flow, erosion will occur.

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Eve's Apples opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability poli
Nutka1998 [239]

Answer: 18,000

Explanation:

Liability policy:

Insurance\ expense\ per\ month=\frac{Prepaid\ Insurance\ for\ liability\ policy}{Period\ of\ policy}

Insurance\ expense\ per\ month=\frac{36,000}{18}

                                                            = 2,000

Insurance expense 2018:

= No. of months from 1 Jan 2018 to 31 Dec 2018 × Insurance expense per month

= 12 × 2,000

= 24,000

Prepaid insurance balance for liability policy on 31 Dec, 2018:

= Prepaid Insurance for liability policy - Insurance expense 2018

= 36,000 - 24,000

= 12,000

Crop damage policy:

Insurance\ expense\ per\ month=\frac{Prepaid\ Insurance\ for\ crop\ damage\ policy}{Period\ of\ policy}

Insurance\ expense\ per\ month=\frac{12,000}{24}

                                                            = 500

Insurance expense 2018:

= No. of months from 1 Jan 2018 to 31 Dec 2018 × Insurance expense per month

= 12 × 500

= 6,000

Prepaid insurance balance for crop damage policy on 31 Dec, 2018:

= Prepaid Insurance for crop damage policy - Insurance expense 2018

= 12,000 - 6,000

= 6,000

Therefore,

Total prepaid insurance balance on 31 Dec 2018:

= Prepaid insurance balance for liability policy on 31 Dec, 2018 + Prepaid insurance balance for crop damage policy on 31 Dec, 2018

= 12,000 + 6,000

= 18,000

7 0
3 years ago
What is codetermination?
valina [46]

Answer:

The answer is b.The inclusion of a corporation's employees on its board

Explanation:

Co determination involves  employees being legally allocated control rights over corporate assets through seats on the supervisory board (the board of non executive directors). The supervisory board oversees the management board (board of executive directors)  approving or rejecting its decisions, and appointing its members and setting their salaries.

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3 years ago
Phân biệt triết lý bán hàng và triết lý Marketing
Rom4ik [11]

Answer:

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5 0
3 years ago
Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following tra
Zolol [24]

Answer:

Required:

Prepare the stockholders’ equity section of the balance sheet at December 31.

Explanation:

check the file attached for the  balance sheet at December 31.

Download docx
7 0
3 years ago
What is the advantage to a multi-criteria analysis?
telo118 [61]

Answer:

c. It is easily adaptable to as many suppliers as you need to evaluate

Explanation:

It involves many factor to analyze a decision due to variety of different assessments it has, it can be applicable to many supplier. It is very helpful to decision making because every aspect of each supplier is analyzed and makes a quality decision. Multi criteria analysis assess every supplier on different factors to find the difference between them and make a best decision.

8 0
3 years ago
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