Answer:
1.Assets
2.Your Lexus automobile is a personal property
Stock Pension is a liquid asset
A mutual fund maturing within the year is a liquid asset
Diamond earrings is a personal property
The land your home sits on is a real property
Cash is a liquid asset
Fence around your property is a real property
net worth =$40000
Explanation:
Liquid assets are assets that can be rapidly converted to cash
Real property are assets I'm the form of land and buildings
Personal property are all properties excluding land and buildings
Net worth is total assets minus total liabilities
Answer:
Dr cash $660,000
Cr bonds payable $660,000
Dr interest expense $ 39,600.00
Cr interest payable $39,600.00
Explanation:
The issue of the bonds at face value implies that cash proceeds equal the face value of $660,000 which is then debited to cash account and credited to bonds payable.
The interest due on the bonds on 31st December payable on 1st January 2021 =face value*coupon rate
face value is $660,000
coupon rate is 6%
interest=$660,000*6%=$39,600.00
Answer:
Relevant cost = $19
Explanation:
Relevant cost refers to the cost which is avoidable on the addition of any other unit, here the direct cost of material, and labor $14 and variable overhead of $5 per head is avoidable straight as is related to per unit.
Further fixed cost of $8 each allocated is already incurred and not relevant for the decision for any additional unit.
Therefore, in the given case relevant cost = $14 + $5 = $19
Since that is the only avoidable cost.
Fixed cost has already been incurred and cannot be avoided.
Relevant cost = $19
Answer:
if anyone do something wrong
Answer: thinning the assets
Explanation:
Thinning the assets refers to the reduction of the burden of an asset on the buyer by the seller do that the business can be priced at a reasonable value for the buyer. It is done to make a business more affordable.
Since Alice decided to lease the equipment and fixtures from the original owner rather than buying it outright to save money initially, this is thinning the assets.
