1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikdorinn [45]
3 years ago
13

Dan Crater opened a software consulting firm that immediately paid​ $28,000 for a computer system. Was​ Crater's computer system

an expense of the​ business? If​ not, explain
Business
1 answer:
emmasim [6.3K]3 years ago
5 0

Answer: No. Crater's computer system was not an expense of the​ business

Explanation:

Based on the information given in the question, we can see that Crater's payment system cannot considered to be as not an expense.

Crater's payment for the computer was not an expense. We should note that this is an asset for the business.

You might be interested in
Fill in the blank... (business!)
Aneli [31]

Answer:

Local market conditions or Local environmental conditions.

Explanation:

The answer is - Local market conditions or Local environmental conditions.

Reason -

Decentralized organizational structures often have several individuals responsible for making business decisions and running the business. Decentralized organizations rely on a team environment at different levels in the business. Individuals at each level in the business may have some autonomy to make business decisions.

4 0
3 years ago
A match is an example of something that stores what?
Bingel [31]
Something that stores chemical energy

When a match is struck, it's chemical compounds will be activated, producing Heat and light energy
6 0
3 years ago
By promoting transparency, the government can improve
Dvinal [7]

Answer:

Option c. is correct

Explanation:

By promoting transparency, the government can improve market efficiency.

The government should be transparent as transparency will also strengthen the democracy and effectiveness in Government. Openness provides information to the citizens about what their Government is doing for them.

Option c. is correct

7 0
3 years ago
I The indirect and direct methods of preparing the statement of cash flows are identical except for
NemiM [27]

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.

KEY TAKEAWAYS

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.

The two methods of calculating cash flow are the direct method and the indirect method.

4 0
3 years ago
Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable cont
sergejj [24]

Answer:

Complete question is attached in form of image.

a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450

= $ 13100

a). Maximum amount of charitable deduction for Property Donations

= 15250 + 18375

= $ 33625

The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.

The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.

FMV stands for Fair market value.

Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.

7 0
4 years ago
Other questions:
  • "In preparing the direct materials budget for Quan Company, management concludes that required purchases are 64,000 units. If 52
    6·1 answer
  • Development associates (da) agrees to buy five acres of land from eastside properties for $15,000. eastside fails to go through
    5·1 answer
  • If real rates were higher than nominal rates in 2009, the implication is that
    6·1 answer
  • Which choices are most likely to help you beat your competition by gaining more customers and selling more frozen yogurt? Check
    9·2 answers
  • Entries to Write Off Accounts Receivable Creative Solutions Company, a computer consulting firm, has decided to write off the $1
    6·1 answer
  • Clark’s Landscaping bills customers subject to terms 3/20, n/60.
    7·1 answer
  • What is the best gift for a girl who doesn't know what she wants for Christmas?
    6·2 answers
  • Estimate the value of a share of Intel common stock using the residual operating income (ROPI) model as of December 25, 2010; as
    8·1 answer
  • Suppose $200 is deposited in a savings account at the beginning of each of 15 years and the account pays 8% per annum, the value
    6·1 answer
  • Cafeteria Department Cutting Department Assembly Department Janitorial Department cost allocation $155,000 $31,000 $124,000 Cafe
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!