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zlopas [31]
2 years ago
12

A mortgage is a document in which a lender reclaims a property due to lack of payment by the borrower.

Business
2 answers:
AlladinOne [14]2 years ago
7 0
Yes that is true you can even research it’s
dusya [7]2 years ago
7 0

Answer:

False!

Explanation:

A foreclosure document is what a lender uses to reclaim a property due to lack of borrower payment.

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For a cost to be considered allocable to a contract, it must be a cost that is incurred specifically for a contract, or a cost t
Naily [24]

Answer:

a. A cost that is necessary for the overall operation of the business but not directly related to a contract

Explanation:

Option B - Allocable costs cannot be considered if the contractor is doing business with the government.

Option C - If the cost is exempted, it cannot be specifically allowable for a contract, or a cost that is beneficial to both the contract and other work.

Option D - Indirect costs cannot be allowable.

Option A - It is the right answer because allowable cost should be significant for the operations with an indirect relation with the contract. If it is linked with the overall operations, it can be considered as allowable to a contract.

7 0
3 years ago
A company that wants to market winter gear to citizens of Alaska should be aware that there are 24 words used in the state to de
Alex_Xolod [135]

Answer:a. Language

This shows how LANGAUGE structures how we perceive the world and defines a culture

Explanation: Langauge has the ability to influence and shape our perception and thoughts through what scientists call a linguistic relativity.

This is a hypothesis which suggests that a langauge isn't just used for communicating ideas but it it also defines how we relate to the world surrounding us

It helps us focus our attention to certain crucial aspects of the world.

5 0
3 years ago
Read 2 more answers
In its income statement for the year ended December 31, 2022, Sunland Company reported the following condensed data.
melomori [17]

       Sunland Company

   Multi Step Income Statement

For the Year Ended December 31, 2022    

Net sales                                                                          $ 2,200,000

Less: Cost of goods sold                                                 ($ 1,257,000)

Gross margin / Profit                                                            $ 943,000

Less: Operating expenses                                                  ($ 722,000)

Income from operations                                                         $ 221,000

Other revenues and gains:    

Interest revenue                                                                     $ 35,000

Other expenses ans losses:    

Interest expense                                          ($ 72,000)  

Loss on disposal of plant assets                  ($ 18,000)           ($ 90,000)

Income before income taxes                                             $ 166,000

Income taxes expenses                                                         ($ 46,000)

Net income                                                                            $ 120,000

Sunland Company

Comprehensive Income Statement

For the Year Ended December 31, 2022    

Net income                                                                   $ 120,000

Add: Other comprehensive income                            $ 8,400

Comprehensive income                                            $ 128,400

Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization. This number appears on a company's income statement and is also an indicator of a company's profitability.

Learn more about Net income (NI) here

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7 0
2 years ago
The field of accounting that focuses on providing information for external decision makers is:.
SSSSS [86.1K]

The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.

<h3>What is Managerial Accounting?</h3>

Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.

In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.

Read more about Managerial accounting

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8 0
1 year ago
A taxpayer places a $50,000 5-year recovery period asset in service in 2016. this is the only asset placed in service in 2016. a
Charra [1.4K]
50,000×5=250,000
250,000÷4=625,000
250,000-625.000=375.00
Sum=375.00
8 0
3 years ago
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