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3 years ago

Which of the following statements is the most correct?

Business

1 answer:

bearhunter [10]3 years ago

8 0

Answer:

Explanation:

i think it has been explain according to the option

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A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on

hammer [34]

Answer:

Increase of $63,000 from investing activities

and a deduction from net income of $9,000

Explanation:

<em>The sales and purchase of assets fall under the investing activities. However the profit or loss realized from such transaction would have increased or decreased the net income as the case may be . Therefore this item of profit or loss which do not represent cash flow would be adjusted on the net income accordingly.</em>

<em>Profit on sale of building = 63,000 - 54,000 = $9,000</em>

The transaction would be shown on the statement of cash flow as follows:

Net income

Less profit on sales of asset (9,000)

Investing activities:

add cash from Sale of asset 63,000

The entries are summarized below:

Increase of $63,000 from investing activities

and a deduction from net income of $9,000

3 0

3 years ago

Security A and Security B have similar risks. However, Security A has a higher rate of return than Security B. The return on Sec

svlad2 [7]

Answer:

The correct answer to the following question is option D) Excess return.

Explanation:

The rate of return can be defined as the gain or loss( net) that a company or business gets on the investment over a defined period of time. Where for taking out the rate of return , the formula which can be used is -

Current value - Initial value / Initial value x 100

The rate of return helps in evaluating what is the investment growth rate of a company on a year to year basis and what are changes in revenues that have occurred.

When two security's have similar risk and if one security has higher return than other , then the difference between them would be called excess return.

8 0

3 years ago

During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Wa

ELEN [110]

Answer:

$945,000

Explanation:

The computation of the amount transferred to the finished goods is shown below:

= Material + labor + overhead

= $470,000 + $190,000 + $190,000 × $300,000 ÷ $200,000

= $470,000 + $190,000 + $285,000

= $945,000

hence, the amount transferred is $945,000

3 0

3 years ago

W. L. Gore & Associates is organized in such a way that it has no formal job titles, job descriptions, or chains of command.

Harrizon [31]

Answer:

B) a decentralized structure.

Explanation:

In a decentralized organizational structure, many decision making responsibilities are delegated from upper management to middle and lower management. Most normal day-to-day decisions are made by entry level employees and lower management. The company's organizational structure is not rigid and most decisions can be made rather quickly.

5 0

3 years ago

If a price floor is set above the equilibrium price in a market rev: 05_07_2018 Multiple Choice the quantity demanded will excee

madam [21]

Answer:

the quantity supplied will exceed the quantity demanded.

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.

If price were set below equilibrium price (the price floor is non-binding) there would be shortages as quantity demanded would exceed quantity supplied

4 0

3 years ago