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viktelen [127]
2 years ago
14

Identify the following as a fixed asset (FA), or intangible asset (IA), natural resource (NR), or none of these (N). a. Computer

b. Patent c. Oil reserve d. Goodwill e. U. S. Treasury note f. Land used for employee parking g. Gold mine
Business
1 answer:
julsineya [31]2 years ago
5 0

Answer:

a. Computer - fixed asset

b. Patent - intangible asset

c. Oil reserve - natural resource

d. Goodwill - intangible asset

e. U. S. Treasury note - none of these (N)

f. Land used for employee parking - fixed asset

g. Gold mine - natural resource

Explanation:

Intangible assets are the assets of a company that cannot be seen or they are not physical in nature. They are usually difficult to evaluate. They include:

  1. Goodwill
  2. Patent
  3. Trademarks
  4. copyrights

a fixed asset is a long term tangible piece of property or equipment that a company has and uses it to generate income. they include plant, property and equipment.

A natural resource is a substance that occurs in nature that can be used to generate economic profit.

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Road Hazards has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bon
Alexeev081 [22]

Answer:

At par

Explanation:

From the question we are informed about Road Hazards with has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bondholders. In this case these direct payments are a clear indication that the bonds can accurately be defined as being issued at par. A par bond can be regarded as bond that is been sold at the exact face value, most mind sells at the face value of $1000, that $1000 is the face value, any par bond usually give an investor a yield which matches the amount of coupon that is associated to the bond.

.

7 0
3 years ago
Sometimes a company can short-circuit the task of building an organizational capability in-house by:
maks197457 [2]

Answer:

C) either acquiring a company that has already developed the capability or else acquiring the desired capability through collaborative efforts with outsiders having the requisite skills, know-how, and expertise.

Explanation:

Organisational capability is defined as a companie's ability to manage its resources in meeting customer needs. It enables the business effectively gain advantage over competitors.

Organisational capability is what a business does very well that sets it apart from others, it is unique and not easily replicated.

Instead of building capability in-house, a company can acquire a company that has already developed the capability or else acquire the desired capability through collaborative efforts with outsiders having the requisite skills, know-how, and expertise.

4 0
3 years ago
Read 2 more answers
"three workers complete a full 8-hour day finishing concrete for a terrace. all three workers are paid $12 an hour and the job b
kati45 [8]
Direct labor cost is wages that are incurred in order to produce specific goods or provide specific services to customers. The total amount of direct labor cost is much more than wages paid.
Given that 3 workers, working 8 hours in a day are paid $12. The total amount paid to workers are:
12x8x3=$288
The cost of direct labor will therefore be:
450-288
=$192
8 0
3 years ago
The Cavy Company estimates that the factory overhead for the following year will be $250,000. The company calculated its Predete
notsponge [240]

Answer:

Overapplied overhead= $7,575 overapplied

Explanation:

<u>First, we need to allocate overhead costs based on actual hours: </u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

<u>Now, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575 overapplied

5 0
3 years ago
Warwick's co., a women's clothing store, purchased $75,000 of merchandise from a sup- plier on account, terms fob destination, 2
Nostrana [21]

This question has a three part answer, with each part broken out below:

A. To record the purchase there is a debit to Purchases and a credit to Accounts Payable, each for $75,000.

B. To record the return there is a debit to Accounts Payable and a credit to Purchases Returns and Allowances, each for $9,000.

C. The amount of the payment is $75,000 - 9,000, which is $64,000. They are paying during the discount period, so will only be paying 98% of this amount, which is $62,720.

The entry is a debit to Accounts Payable for $64,000, a debit to Purchases Discounts for $1,280, and a credit to Cash for $62,720.

3 0
3 years ago
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