Answer:
The correct answer is (B)
Explanation:
Assurance refers to financial inclusion that gives compensation for goods and service. Assurance is partially different than insurance, assurance is partially implemented for an unlimited period. The company wants assurance because of the lack of confidence due to bad past experience. Assurance or insurance is usually provided to the customers to regain their confidence. In this scenario it is feasible to request a guarantee before placing next order.
Answer:
2.68
Explanation:
Data provided in the question:
Reported net sales = $4,502,400
Reported net income = $1,510,000
Reported average total assets = $1,680,000
Now,
The the asset turnover is calculated using the formula as
Asset turnover = ( Net sales ) ÷ ( Average total assets )
or
Asset turnover = $4,502,400 ÷ $1,680,000
or
Asset turnover = 2.68 times
Answer:
True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.
Explanation:
True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.
Answer:1. Cost on warehouse of
$8600
Answer. Debit cost of land
2. Sales of salvage materials of $1700
Answer. Credit cost of land
3. Attorney fee of $1100
Answer Debit cost of land
4.Broker fee of $5000
Answer. Debit cost of land
5. Architect fee $7800
Answer. Debit cost of land
6. Driveway and parking lot
Answer. Debit cost of land.
Explanation:
The cost of property includes the price of purchase and other related tax e.g vat paid on the property, plants or equipment.
The cost of the asset further includes all cost spent to bring it to the desired state of use while subtracting all income earned in the process and this necessitate the treatment of the cost of raising warehouse and salvage materials.
Included in the cost of the asset acquired are the professional fees incurred like the Architecture, Attorney etc. Furthermore the cost included the driveway and parking lots for they are also necessary to make it usable.
Answer: B. Maintaining a steady dividend is a key goal of most dividend-paying companies.
Explanation:
Companies that pay dividends prefer in general, to maintain a steady dividend overtime. This does not necessarily mean that they will pay the same amount of dividend but rather that they will pay out dividends as within a certain percentage range of the net income.
Companies do not prefer to cut dividends so as not to send the wrong message so A is wrong. Share repurchases reduces agency costs so C is wrong. Short term fluctuations in cash flow are not the key favor in determining dividend policy as the company might still pay out the same regardless so this is wrong as well. Option B is the best answer.
