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3 years ago

What is an accurate definition of an ability?

Business

2 answers:

Mandarinka [93]3 years ago

6 0

The correct answer is B. Something a person is able to do

Explanation:

An ability refers to a skill or competence in a specific area, this means an ability is something you can do or you are good at. For example, you can have the ability to surf or to play videogames. Abilities can be innate or be developed through time, effort, and practice. Moreover, abilities differ from interests or hobbies because this implies activities you enjoy or you are interested in, while an ability is what you are able to do no matter if you enjoy it or no. Thus, the accurate definition of ability is something a person is able to do.

Sati [7]3 years ago

5 0

Answer:

B) Something a person is able to do.

Explanation:

On my assignment, got it correct.

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According to "The US Economy: Private and Public Sectors", goods provided by government that fit the definition of a public good

elena-14-01-66 [18.8K]

Answer:

C. Quasi-public goods.

Explanation:

Quasi-public goods are goods that has features of both private and public goods.

A public good is a good that is both non -excludable and non-rivaled in consumption.

A private good is the opposite of a public good.

Some features of quasi public goods are partial excludability and partial rivalry. Examples of quasi public goods are education, roads, and bridges.

I hope my answer helps you

8 0

3 years ago

The two accounting principles that are critical to the adjusting process used in accrual accounting are:_______

Sunny_sXe [5.5K]

The matching principle and the revenue recognition principle are the two accounting principles that are critical to the adjusting process.

The revenue that should be recognized in the accounting period in which it is earned is stated by the revenue recognition principle. Efforts (expenses) can be matched with accomplishments (revenues) as stated by the matching principle.

Revenue recognition principle: It is a generally accepted accounting principle (GAAP) that stipulates how and when the recognition of revenue should be done. This principle is using accrual accounting requires in the revenues are recognized when realized and earned but not when cash is received.

The matching principle: It is also an accounting principle that records revenues and expenses. It needs the business records expenses alongside when revenues are earned. They both fall within the same period of time for the clearest tracking ideally. Businesses must incur expenses to earn revenues as which is recognized by the particular principle.

Learn to know more about three steps in the accounting process on

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5 0

1 year ago

Jack was invited to lunch by his supervisor to discuss his annual performance evaluation. As Jack was walking to the restaurant,

Alekssandra [29.7K]

Answer:

Jack

Explanation:

He is the one who twisted his ankle. It was not in the restaurant, so the restaurant is not in charge of it.

7 0

3 years ago

Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information

bulgar [2K]

Answer: $18,700

Explanation

Net cash provided by the operating activities = $108,000

Add: Net cash provided by the financing activities = $16,000

Less : The net cash used for the investing activities = $118,500

The net increase in Cash will now.be:

= ($108,00 + $16,000) - $118,500

= $5,500

Add: Cash at the beginning of the year. This will be:

= $5500 + $13,200

= $18,700

Ending cash balance will be $18700

8 0

3 years ago

You wish to retire in 15 years, at which time you want to have accumulated enough money to receive an annual annuity of $31,000

kupik [55]

Answer:

$ 5,507.47

Explanation:

There are two steps involved in solving this question ,first we need to determine the present of annuity of $31,000 receivable per year after retirement at retirement date,then use that to calculate the annual contribution:

=-pv(rate,nper,pmt,fv)

rate is the rate of interest during retirement which is 14%

nper is the period during which the $31000 would be received which is 20

pmt is the $31000 annuity per year

fv is the future worth of the annuity which is unknown

=-pv(14%,20,31000,0)=$ 205,317.05

The present value above is the future value of the retirement contributions

annual contribution=pmt(rate,nper,pv,-fv)=pmt(12%,15,0, 205317.05) =$ 5,507.47

5 0

3 years ago