All categories

3 years ago

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.

You might be interested in

ROI and Residual Income The following investment opportunities are available to an investment center manager: Project Initial In

sammy [17]

Answer:

Explanation:

ROI = Operating income / Operating assets

ROI for proejct A=$90,000/$800,000=11.25%

ROI for Project B=$20,000/$100,000=20% ROI for Project C=$25,000/$300,000=8.33% ROI for Project D=$60,000/$400,000=15%

If ROI is 16%, project B should be chosen because the ROI is greater than 16%

I hope my answer helps you

4 0

4 years ago

Read 2 more answers

Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,000 models. During t

GrogVix [38]

Answer:

11,125 units

Explanation:

Particulars Units

Beginning WIP (2500*0.75) 25% is completed 1,875

Units started and completed during the month 8500

[10,000 -1500 as ending Inventory]

Ending Inventory [1500*0.50] 750

Equivalent units 11,125

So, the equivalent units for conversion costs during October is 11,125 units

5 0

3 years ago

Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p

andrew11 [14]

Answer:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0

March = $44,445

Explanation:

Note: The merged data given in the question are sorted before answering the question as follows:

Cash Receipts Cash payments

January $ 518,000 $ 461,500

February 403,000 346,500

March 467,000 523,000

Explanation of the answer is now given as follows:

Note: See the attached excel file for the cash budget.

In the attached excel file, the following calculations are made:

January loan repayment = January Preliminary cash balance - Minimum required cash balance = $105,500 - $50,000 = $55,500

March Additional loan = Minimum required cash balance - March Preliminary cash balance = $50,000 - $5,555 = $44,445

From the attached excel file, we have:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0

March = $44,445

Download xlsx

7 0

3 years ago

Which does not fit with six sigma implementation? answer emphasizing critical-to-quality characteristics focusing on corporate s

serious [3.7K]

The answer that does not fit with six sigma implementation is creating quality system standards. Six Sigma works as a means of quality assurance. Its implementation shows where defects exist in order to pursue the best quality. While is does pursue the utmost quality, it does not create the standards that it pursues.

4 0

3 years ago

The Constitution sets forth specific powers that can be exercised by the national government and provides that t national govern

g100num [7]

The Constitution sets forth specific powers that can be exercised by the national government and provides that the national government has the implied power to undertake actions necessary to carry its expressly designated powers under the Tenth Amendment, all other powers are expressly reserved to the states.

Option: B

Explanation:

The given points are showcasing the federal power, which act as rights within a federal government structure that are totally or conditionally excluded from the operation of each representative political entity. That is, either a local political entity can never practice such powers, or can do so only with the federal government's permission.

The United States' 10th Amendment Constitution interprets that the powers not granted by the Constitution to the United States, nor forbidden by it to the States, are secured for the States, or the individual, accordingly. This Amendment was adopted in 1791, incorporates Federalism's basic values in a parliamentary system of Government.

3 0

3 years ago