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LenKa [72]
3 years ago
12

Zimmerman Auto sells new and used cars. Its assets are as follows: (1) the showroom building, a separate building used to servic

e customer cars, and various parking lots, (2) a nearby acre of land not currently used by the auto dealership, (3) new and used cars and trucks for sale to customers, and (4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced. The assets that are classified as plant assets on the company's balance sheet include:
A. (1) and (2)
B. (1) and (4)
C. (1). (2), and (3)
D. (1). (3), and (4)
Business
1 answer:
kow [346]3 years ago
8 0

Answer:

B. (1) and (4)

Explanation:

Plant assets are tangible assets that have a useful life of more than 1 year, and are used by the company in its normal operations.

The cars available for sale are part of the inventory while the land is considered an investment. The only plant assets are the showroom and surrounding buildings, and the car that provides free rides to customers.

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When pitching your budget to decision makers, focus on conveying two things: First, demonstrate ROI from the current year, and s
DENIUS [597]

After demonstrating the ROI from current year, we should showcase the value of our initiatives, campaigns and goals for coming year.

Decision-makers are people who will decide if the presented budget for the financial year is worthy of approval.

  • The presenter is responsible for explaining what the budget entails with necessary document to convince the decision-makers.

In conclusion, after demonstrating the ROI from current year, we should showcase the value of our initiatives, campaigns and goals for coming year.

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<em>brainly.com/question/5170436</em>

3 0
3 years ago
When Sydney borrowed $8000 from her parents, they made her give them some collateral. What would be the MOST logical thing for S
Nat2105 [25]

Answer: d) Give them the title to her car.

Explanation:

If they want some collateral then Sydney would have to give them collateral and a car is one of the best known examples of collaterals there is.

Sydney can give them the title of the car which means that if she defaults on the loan, her parents will be able to sell the car to get back the amount that they loaned her. She cannot sell the car until she pays them and she may have to add them as beneficiaries to any car insurance that she may have on the car.

7 0
3 years ago
Why should you spend a large amount of time thinking about a big decision before you make it? need asap
Liula [17]

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4 0
3 years ago
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What type of economic system are you a part of? Write your answer in a short paragraph
Mila [183]

Answer:

Mixed economic system

Explanation:

A mixed economy is an economy systems that combine both the attributes of capitalism and socialism. That is some of enterprises of the economy are owned and controlled by the government while the rest are left in the hands of private individuals. In some instances, both of them participate in a sector of the economy. For example, in the Nigeria's electricity sector, the federal government generates electricity while private individuals distribute it.

Further explanation for a better understanding:

Basically, there three types of economic system: capitalism, socialism and mixed economy.

Capitalism is an economic system in which the control of trade and industry is in the hands of private individuals. That is, these private individuals are the owners of means of production and the profit that may be derived from them. It believes that the government should not have any hand in running the economy but just concentrate on politics. The main characteristic of the system is that price is used in allocating the resources of the economy.

Socialism is an economic system in which the control of trade and industry of country is left in the hand of the community as a whole which is the government. That is, the means of production, distribution, and exchange are owned and controlled by the government. The main characteristic of the system is that government determines how resources are allocated in the economy.

A mixed economy combines both capitalism and socialism as explained above.

I wish you all the best.

8 0
3 years ago
On October 1, 20X4, Mild Co., a U.S. company, purchased machinery from Grund, a German company, with payment due on April 1, 20X
Lana71 [14]

Answer:

d. Been denominated in U.S. dollars.

Explanation:

If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have been denominated in U.S dollars.

Furthermore, if it was denominated in U.S. dollars, there is no foreign exchange gain or loss for Mild.

Hence, there would be a gain or loss for Grund.

6 0
3 years ago
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