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3 years ago

A term that is not synonymous with property, plant, and equipment is

Business

1 answer:

Murljashka [212]3 years ago

6 0

Answer:

4. intangible assets.

Explanation:

Total assets are classified into current assets, fixed assets, and intangible assets.

Current assets comprise cash, stock, receivable account, etc.

Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.

And, the intangible assets are patents, copyrights, goodwill, and other intellectual properties plus they are not seen or even touched.

Whereas the fixed assets or other related synonymous are tangible in nature

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Capital budgeting decisions ______. Multiple select question. involve an immediate cash outlay in order to obtain a future retur

pshichka [43]

Answer:

involve an immediate cash outlay in order to obtain a future return

require a great deal of analysis prior to acceptance

Explanation:

A capital budgeting decision refers to an investment and the financial commitement. If we considered a project so here the business is making the financial commitment and at the same time it invest in the longer period that have an influence on the future projects

So it is an instant cash outflow for gaining a future return and also have a great deal before accepting it

7 0

3 years ago

Illustrate the effects of each of the transactions on the accounts and financial statements of Snipes Company.

Lesechka [4]

Answer:

Snipes Company

Effects of each transaction on the accounts and the financial statements of Snipes Company:

Balance Sheet Income Statement Statement of

Cash Flows

Assets = Liabilities + Equity Revenue - Expense = Profit

+ $18,250 = 0 + $18,250 + $18,250 - 0 + $18,250

Accounts receivable $18,250 Sales revenue $18,250

Assets = Liabilities + Equity Revenue - Expense = Profit

-$10,000 = 0 - $10,000 0 - $10,000

Cost of goods sold $10,000 Inventory $10,000

Assets = Liabilities + Equity Revenue - Expense = Profit

-$400 0 -$400 0 -$400 -$400 Operating activity

Transportation-out expense $400 Cash $400

Explanation:

a) Data and Analysis:

Accounts receivable $18,250 Sales revenue $18,250

Cost of goods sold $10,000 Inventory $10,000

Transportation-out expense $400 Cash $400

4 0

3 years ago

Use the scenario to answer the question that follows.Marta and Shanika open their own computer repair shop and agree to share th

devlian [24]

Answer:

The correct answer is: Specialization.

Explanation:

Specialization happens when a person, business or region focuses their productive efforts on a smaller subset of tasks or products to gain a competitive advantage. By specializing, a person or company often becomes better at that task or production than competitors. Usually, the choice is driven by the skills that suits the best to the people or company handling the business.

4 0

3 years ago

) Service variability means that ________. A) the evaluation of services is subjective and changes from customer to customer B)

gavmur [86]

Answer: B

Explanation: Service Variability as I learned it is defined as how the service of quality changes depending on how the service is given to you. For example two different lawn mowing comapnies.

4 0

4 years ago

Read 2 more answers

Assume the weekly payroll of the Abbott Company is $5,000. December 31, the end of the year, falls on a Wednesday and Abbott wil

Crank

Answer:

Salary Expense A/c Dr. $3,000

To Salary Payable A/c $3,000

Since salary will be paid on Friday therefore, liability is recorded as salary payable.

Explanation:

As for the provided details,

The working week consists of 5 working days.

Thus, salary expense will be allocated to these 5 working days only. As the salary expense for a week = $5,000

That means salary expense for a day = $5,000/5 = $1,000 for each day.

Now, the financial year ends on December 31 which is Wednesday.

That means three days, of the working week, fall in the financial year.

Therefore, salary expense for the year will be = $1,000 $\times$ 3 = $3,000

Thus, entry for this will be:

Salary Expense A/c Dr. $3,000

To Salary Payable A/c $3,000

Since salary will be paid on Friday therefore, liability is recorded as salary payable.

3 0

3 years ago