Answer:
debit the van account with $63,000
Explanation:
The Lindy's cost of the van is analyzed below:
Delivery van invoice price $60,000
discount ($4,000)
sales tax $5,000
cost of logo and advertising $2,000
annual insurance cost $0
Cost of the van $63,000
The sales tax is included as it cannot be reclaimed from the relevant tax authority.
Cost of logo and advertising even though looks like a revenue expense that should not be capitalized,but in actual terms is a cost incurred to bring asset to current position of being able to be recognized as belonging to Lindy's Flowers.
Answer:
A.True
Explanation:
A fixture refers to something which is fixed or attached to a property such as a building built on a piece of land shall be construed as a fixture with respect to the land.
To determine as to what shall be considered a fixture relates to the purpose for which something is attached to the asset.
The "manner" of attachment refers to if the attachment is of permanently or temporarily fixed. If something is permanently fixed and requires specific tools for it's removal, such an attachment is usually considered a fixture.
Hence the given statement is true.
Answer:
d. treasury and top-grade corporate bonds pay interest two times each year
Explanation:
Treasury bonds represent the best solution for investing, having in mind the <u>low-risk aspect</u> and the fact that they are <u>issued by the government</u>. Treasury and top-grade corporate bonds always pay <u>semiannual interests</u>.
<em>Junk bonds</em> should not be even considered in risk-free options, as a junk bond is a bond issued by a struggling company, which may happen not to pay any interest sometimes.
<em>Common stock</em> does not necessarily have to pay quarterly dividends, as some companies pay dividends monthly, or even annually. Also, the risk is still lower in treasury bonds, as common stock becomes questionable in the case of company liquidation. If and when that happens, common stockholders gain rights to company assets only after bondholders and preferred shareholders become paid.
The default risk is present in all bonds, including <em>Yankee bonds</em>, which are issued by foreign companies in the USA.
Answer:
They dont earn no more than $28,000 a year
Answer:
The correct answer is the option F: a, b and c only.
Explanation:
To begin with, in most of the cases where a company receives commodities from other business and also gives finished products to other companies normally tend to focus more in his own stock price just like the other members of the supply chain do. In addition to that, these types of companies also focuses in the short run and in the day to day business due to the fact that do not encourage the fact of creating an alliance with the other members of the chain. And finally, all those factors take part of a whole that also includes the fact of not having time to learn how to implement collavorative business models to improve the perfomance of the business at the long run due to the fact that the managers are to busy working in the day to day operations and focuses on the short run and their own stock prices and not on working with the other managers' companies of the supply chain to establish an alliance that will help all of the members to improve everyone's performance and product.
