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vekshin1
3 years ago
14

1,1. What is a Fixed Asset Register.Explain how this document assists

Business
1 answer:
alukav5142 [94]3 years ago
4 0

Answer:

A fixed asset register is a detailed list of all fixed assets which are owned by a business. Its main purpose is to enable an organization to accurately record and maintain both financial and non-financial information pertaining to each asset and to easily identify and verify an asset when required.

Explanation:

You might be interested in
You invest $1,000 now, at an annual simple interest rate of 6%. What is the effective rate of interest in the fifth year of your
Delvig [45]

Answer:

The effective rate of interest in the fifth year is 6.15%

Explanation:

Mathematically, the effective rate of interest can be calculated as follows;

Reff = (1 + r/y)^y - 1

where;

r is the interest rate = 6% = 6/100 = 0.06

y is the period = 5 years

Substituting these values;

Reff = (1 + 0.06/5)^5 - 1

Reff = (1 + 0.012)^5 - 1

Reff = 1.012^5 - 1

Reff = 1.061457 - 1

Reff = 0.0615 which is 6.15%

3 0
3 years ago
Which of the following statements best describes the Sherman Act?A. The Sherman Act established the United States Securities and
aleksandr82 [10.1K]

Answer:

B. The Sherman Act allows the US government to regulate activities that restrain competition and trade

Explanation:

The Sherman Antitrust Act of 1890 was first legislation enacted by US congress. It was brought into force to regulate competition and trade among enterprises. This act prohibits agreement in restraint of trade or interference of power in trade like price fixing, bid rigging, etc.

The Sherman Act did not work for long as it restrict the business merger and people are confused about knowing the motive of the act as it is not designed properly.

8 0
3 years ago
A _____________ is a cost-effective instance type that can be used for jobs that can be interrupted and resumed at any time.
Schach [20]

A  Freelancing is a cost-effective instance type that can be used for jobs that can be interrupted and resumed at any time.

One sort of self-employment is freelancing. Freelancers typically operate as self-employed individuals who provide their services on a contract or project basis, as opposed to being employed by an organization.

An independent journalist who covers stories of their own choosing and then sells their work to the highest bidder is an example of a freelancer. Another illustration is a web designer or an app developer who only works on a project for a client once before moving on to another.

Learn more about freelancing here brainly.com/question/27934761

#SPJ4

7 0
2 years ago
Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance packag
katen-ka-za [31]

Answer:

$127,020

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 4 = $37,500

I = 7%

PV = $127,020

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

4 0
3 years ago
Vanessa grant is responsible for controlling expenses, but is not responsible for generating revenues. vanessa grant is a manage
rewona [7]

Vanessa Grant is responsible for controlling expenses, but is not responsible for generating revenues. Vanessa Grant is a manager of a(n):

Cost Center

What do you mean cost center?

A cost center is basically a department or function under an organization that do not directly increases profit but still costs the organization money to operate. Cost centers only provide to a company's profitability indirectly, unlike a profit center, which gives to profitability directly through its actions.

What is an example of a cost center?

Instances of cost centers contains  the accounting, human resources, IT, maintenance, and research & development departments. A cost center can be assumed  at a smaller level than a department. It could contain  a particular job position, machine, or assembly line.

Learn more about cost center:

brainly.com/question/1156860

#SPJ4

6 0
2 years ago
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