Answer: Fixtures
Explanation:
Fixtures are a type of fixed assets that are so named because they are fixed to the property they are in, in such a way that it would require substantial work to remove them.
Checkout counters are fixed to the ground in grocery stores and other places that use them and trying to remove a checkout counters takes a lot of effort so they qualify to fall under fixtures.
Answer:
D. All of the above
Explanation:
The options that are communicated and sent to more than 25 prospective customers must be in writing before to the use of Principal prior. It involves advertising, sales literature, and independent prepared reprints
The sales literature and the appearance with respect to the public are the 2 communciation channels for the public which do not required the permission of ROP as it followed firm policies and procedures
Hence, the correct option is d.
Answer:
Frank should set up automatic withdrawals for the company he is paying.
Explanation:
Answer:
Liquidity of an asset refers to how easily convertible the asset is to cash or so called liquid money.
Most Liquid - A $5 bill
This is already cash so it is the most liquid there is.
Second-Most Liquid - The funds in a money market account
Funds in a money market account are the second most liquid because most often they can simply be withdrawn from the fund. There might be limits on the number of withdrawals allowed though within a period.
Third-Most Liquid - A share in a publicly traded company
A share in a publicly trade company ranks here because to realize the cash, one would need to sell the share first.
Least Liquid - Your house
Your house will be the most difficult of these to liquidate as it will involve a much longer process to eventually get it sold and realize cash. The process will include but will not be limited to, advertising, hiring realtors, inspection etc.
Answer:
62.70%
Explanation:
The markup value is found by calculating the gross profit and dividing it by its price. The retail price for the Rent-a-Furniture Center is $799 and the selling is $25 per week.
There are 52 weeks in a year, therefore, with this payment plan of $25/week, the total amount in one year is (52* 25) = $1300. Gross profit is (1300- 799) = $501. The markup value is (501/799) = 62.7033%
