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2 years ago

Difference between assets and liabilities.

Business

1 answer:

Alinara [238K]2 years ago

8 0

Answer:

see below

Explanation:

Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.

Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.

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Which of the following is not part of the flow of events in variance analysis?

IgorC [24]

Answer:

e. Working to ensure that all variances are favorable.

Explanation:

the steps in effective management of variance analysis

Identifying questions and their explanations

Preparing standard cost performance reports

Taking corrective and strategic actions

Computing and analyzing variances

So the option is E.

Working to ensure that all variances are favorable.

7 0

2 years ago

Assume banks are required to hold reserves equal to 20 percent of deposits. Instructions: Enter your responses as a whole number

stellarik [79]

Answer: $100

Explanation:

If the reserve requirement is 20% then the required reserves being held by the company is:

= Total deposits * reserve requirement

= 8,000 * 20%

= $1,600

The reserves held by the company of $1,700 comprise of both the required reserves and the excess reserves. The excess reserves will therefore be calculated as:

Excess reserves = Reserves - Required reserves

= 1,700 - 1,600

= $100

4 0

2 years ago

A(n) _____ might be sent to a potential employer even when the employer does not have any job openings at the time to be kept on

Whitepunk [10]

It would probably be a résumé because they always hold onto it so they can consider it when there are job openings

5 0

3 years ago

Using the high-low method, the fixed cost is calculated ______. Multiple select question. by adding the total cost to the variab

-Dominant- [34]

Answer:

is calculated after the variable cost per unit is calculated

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities, etc.

On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses, etc.

Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.

3 0

3 years ago

Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being prod

OverLord2011 [107]

The type of fiscal policy which might be most effective in correcting this problem is:

C) Increasing government spending in order to increase aggregate demand.

According to the given question, we are asked to state the type of fiscal policy which might be most effective in correcting this problem of the village which loses its aggregate output.

As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be increased.

Therefore, the correct answer is option C