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3241004551 [841]
3 years ago
12

What account below is not an asset?

Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

A. Capital Stock

Explanation:

Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.

Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.

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Which of the following statements are true? A direct cost is sometimes referred to as a common cost. A regional sales manager's
RoseWind [281]

Answer:

The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.

Explanation:

On the one hand, the name of <em>"direct costs"</em> is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.

On the other hand, the <em>"indirect costs"</em> are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.

5 0
3 years ago
Organizations refers to _____. demographics communication competition possible customers
ivolga24 [154]

Answer:

Organizations refers to demographics

Explanation:

8 0
2 years ago
Warner Corp. sells goods on account for $10,000 on April 2. On April 20, the customer returns $3,000 of the merchandise. The cus
Studentka2010 [4]

Explanation:

The journal entry are as follows

On April 20

Sales returns A/c Dr $3,000

       To Account receivable A/c $3,000

(Being the sales returned of goods is recorded)

While recording this given transaction, we debited the sales return account and credited the account receivable account so that the proper posting could be done

6 0
2 years ago
A buyer purchased a new residence for $175,000. The buyer made a down payment of $15,000 and obtained a $160,000 mortgage loan.
Naily [24]

Answer:

Buydown, is the right answer.

Explanation:

This is a buydown mortgage arrangement because in the buydown financing technique the buyer tries to take lower interest rates in the initial year of the loan period. Moreover, some mortgage lenders provide buydown discounts or points as part of their promotion. Secondly, the builder pays the initial payment to the mortgage institution that results in the lower buyer’s payment.

3 0
3 years ago
In the context of the types of organizations that do business across national borders, the architecture of the global informatio
8090 [49]

Answer:

Transnational:

In the context of the types of organizations that do business across national borders, the architecture of the global information system (GIS) in a(n) <u>transnational</u> structure requires a higher level of standardization and uniformity for global efficiency, and yet it must maintain local responsiveness

Explanation:

Organisations have the following <u>transnational</u> characteristics:

  • Parent and all subsidiaries work together in designing policies, procedures, and logistics
  • Usually focuses on optimizing supply sources and using advantages available in subsidiary locations
  • Architecture requires a higher level of standardization and uniformity for global efficiency (but must maintain local responsiveness) .

Global information system (GIS):

A global information system (GIS) is an information system which is developed and / or used in a global context. A global information system (GIS) is any information system which attempts to deliver the totality of measurable data worldwide within a defined context.

4 0
3 years ago
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