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3 years ago

What is an accurate definition of a skill?

Business

2 answers:

bearhunter [10]3 years ago

5 0

Answer: An ability a person has created through learning and experience

Explanation: A skill is something that is developed through practice and learning. While it is true that there are people who can be born with skills, these are perfected by practice and learning. Skills are learned. A person who wants to be a chef must learn about cooking and put that knowledge into practice in order to have the ability to be a good cook.

Sloan [31]3 years ago

4 0

Answer:

Its C

Explanation:

Edge 2020

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Ed runs an auto repair business out of the garage attached to his personal residence. How should he account for each of the foll

soldi70 [24.7K]

Answer:

a. Cash received from repair services, $28,000. Repair business

b. Interest paid on his home mortgage, $7,300.Personal expenses

c. Power jack hoist purchased at a cost of $12,000. Repair business

d. Electricity bills, $3,600. (Ed does not have separate electricity service to the garage.)Personal expenses

e. Checks received from customers that were returned by his bank, $1,600. Repair business

The bank charged Ed’s account $35 for processing the bad checks.Repair business

f. Telephone bill for phone in the garage, $420. (Ed has a separately listed phone in his house.)Repair business

g. Advertising in the local newspaper, $800.Repair business

h.Interest paid on home furniture loan, $600.Personal expenses

Explanation:

Under the entity concept, Ed must segregate the income and expenses associated with his auto repair business from those that are personal. The importance of this segregation is that all trade or business expenses are deductible for adjusted gross income, while most personal expenditures are not deductible.

7 0

3 years ago

Liabilities are? a.none of these choices are correct. b.the rights of customers. c.the rights of owners. d.the rights of credito

Anna35 [415]

Liabilities are the rights of creditors.

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

A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied.

Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, accounts payable, mortgages, deferred income, bonds, warranties, and accumulated expenses.

Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed.

In general, a liability is an obligation that exists between two parties but hasn't been fulfilled or paid for. A financial liability is an obligation in the world of accounting, but it is more specifically characterized by previous business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future. Non-current liabilities are typically viewed as long-term obligations because they are anticipated to last more than a year (12 months or greater).

Thus, Liabilities are the rights of creditors.

For more information on creditors, refer to the given link:

brainly.com/question/18484315

#SPJ4

5 0

1 year ago

An employer provides each of its employees with life insurance protection equal to three times the employee's annual salary. Ann

tino4ka555 [31]

Answer:

On the off chance that you kick the bucket during the term, a passing advantage is paid out. On the off chance that you don't pass on during the term, the approach ends toward the finish of the term.

A noteworthy advantage of this sort of approach is that the excellent cash come back to you is totally tax-exempt, as it isn't viewed as salary yet just a discount of premiums.

As you're looking into term life coverage approach choices, you may go over the expression yearly sustainable premium.

Be that as it may, for an every year sustainable premium term approach, the top notch will build every year. After some time it's conceivable to pay more in premiums than what might have been paid for a level premium term approach.

3 0

3 years ago

6. The split-level home is a variation of the

grigory [225]

Answer:

O C. Victorian house.

4 0

3 years ago

Read 2 more answers

Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His

Alinara [238K]

Answer: $132,000

Explanation:

Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.

This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.

As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.

The Additional basis will be,

= Cost of building - Insurance

= 142,000 - 140,000

= $2,000

The Basis for the new building is,

= 130,000 + 2,000

= $132,000

3 0

3 years ago