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3 years ago

Capital assets used by an enterprise fund should be accounted for in the:_________.

Business

1 answer:

ElenaW [278]3 years ago

7 0

Answer:

b. Enterprise fund and depreciation on the capital assets should be recorded

Explanation:

The capital assets used by the enterprise fund should be included in the enterprise fund and the depreciation on the capital assets should be recorded.
Depreciation on capital assets should be recorded based on the useful life of the asset appraisal.
so correct answer b. Enterprise fund and depreciation on the capital assets should be recorded

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You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10

Anton [14]

Answer:

"Stop-loss order" is the right answer.

Explanation:

According to the question,

Purchase price,

= $50

Current selling price,

= $80

Current gains,

= $30

Investors begin to give their earnings if somehow the market capitalization begins to fall beneath $80. In advance to minimize this, we need to set a purchase requisition of $80 for stop-loss.
So whenever the market decreases beyond $80, with us investments are traded, and thereby the existing profits of $30 have been safeguarded.

Thus, the above is the correct explanation.

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3 years ago

When each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt, this is calle

jeka57 [31]

The type of liability that is illustrated in this scenario is known as unlimited liability.

<h3>What is unlimited liability?</h3>

It should be noted that in an unlimited liability company, the general partners are responsible for all the debts and liabilities that are incurred.

In this case, each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt.

Learn more about liability on:

brainly.com/question/25012970

5 0

2 years ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

3 years ago

When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership

konstantin123 [22]

When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership would be: transactional subordinate centered free rein transformational task-centered.

<h3>How can an organization attend to turbulent environment, intense competition?</h3>

For an to respond to turbulent environment, intense competition, then the kind of leadership needed is transformational task-centered that would be able to observe the business environment to make necessary decision.

Learn more about the leadership at brainly.com/question/25927714

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6 0

2 years ago

1. What is meant by opportunity cost? Give an example. Suppose that you need to take a class at 3PM, but you can also work an ex

Alexxandr [17]

Answer:

Opportunity cost is the forgone benefit that would have been derived by an option not chosen.

Explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because by definition they are unseen, opportunity costs can be easily overlooked. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.

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3 years ago