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3 years ago

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One basic difference between "land" and "capital" resources is that land is multiple choice natural, while capital is created by

humans. limited, while capital is unlimited. unlimited, while capital is limited. manufactured, while capital is created by humans.

1 answer:

zhannawk [14.2K]3 years ago

7 0

Natural while capital is man made.

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The main difference between storage warehouses and distribution warehouses is that storage warehouses are relatively small, spec

Elza [17]

Answer:

True

Explanation:

Storage warehouses are used to store items for short periods of time while distribution warehouses are much bigger facilities that are used to gather and redistribute products.

Distribution warehouses are usually very big and can store a lot of products, while storage warehouses are usually a big facility that is divided into smaller units, each smaller unit serves as a storage warehouse. Storage warehouses are used to store more specific items while distribution warehouses can handle different types of goods.

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4 years ago

GIVING BRAINLIEST <br> hi!.... so i have a question for all of you... how do you make money?

Nutka1998 [239]

Well I’m young so I make money through part time jobs such as chick fila or some other restaurant that pays

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3 years ago

Read 2 more answers

On January 1, 20X9, Pitcher Corporation purchased 100 percent of Softball's stock. All tangible assets had a remaining economic

mina [271]

Answer:

The question is not complete,find attached complete question in word document.

Find all the journal entries in the attached spreadsheet

Explanation:

Please note the following points:

The goodwill is the excess of purchase consideration of $ 476,500.00 over the net assets of Softball acquired,that is $ 318,000.00

The net assets is total assets acquired of $374,000 minus the liabilities taken over of $56000

Equity method income is the difference between Softball's net income reported and the dividends paid

<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>

<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>

5 0

4 years ago

Newton Corporation entered into the following transactions during its first year of operations. (Assume all transactions involve

makkiz [27]

Answer:

Newton Corporation

Net income for the year = $120

Explanation:

a) Data and Calculations:

Direct materials cost = $400

Direct labor cost = 800

Manufacturing overhead 400

Total manufacturing cost $1,600

Cost per unit = $8

Ending Inventory of finished goods = 150 units * $8 = $1,200

Cost of goods sold = 50 * $8 = $400

Sales revenue = 50 * $12 = $600

Newton Corporation

Income Statement

For the year ended December 31:

Sales Revenue $600

Cost of goods sold 400

Gross income $200

Selling & Admin.

expense 80

Net Income $120

b) Newton Corporation's net income is the difference between the Sales Revenue, cost of goods sold and selling and administrative expenses.

8 0

3 years ago

An intangible asset with an estimated useful life of 30 years was acquired on January 1, 2007, for $540,000. On January 1, 2017,

algol [13]

Answer:

Amortization for the year 2017 is $12,000

Explanation:

Given:

Estimated Useful life = 30 years

Cost of Assets on January 1, 2007 = $540,000

Now,

The Amortization per year = $\frac{\textup{Cost of asset}}{\textup{Useful life}}$

or

The Amortization per year = $\frac{\textup{540,000}}{\textup{30}}$

or

The Amortization per year = $18,000

Thus,

Accumulated amortization on January 1, 2017

= Amortization per year 18000 × Number of years from 2007 to 2017

= $18,000 × 10

= $180,000

Therefore,

The Book Value of Asset on January 1, 2017 = $540,000 - $180,000

= $360,000

also,

The Revised useful life = 30 years

Therefore,

The Amortization per year = $\frac{\textup{Current book value of asset}}{\textup{Useful life}}$

or

The Amortization per year = $\frac{\textup{360,000}}{\textup{30}}$

or

The Amortization per year = $12,000

Hence,

Amortization for the year 2017 is $12,000

5 0

3 years ago