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3 years ago

THESE ARE TRUE OR FALSE!! PLEASE HELP ASAP!!

Business

1 answer:

Mademuasel [1]3 years ago

3 0

Answer:

1. FALSE

2. TRUE

3. FALSE

4. FALSE

5. TRUE (I think)

6. TRUE

7. TRUE

8. TRUE

9. FALSE

10. FALSE

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Property rights, such as copyright law, are enforced by the legal system. explain why protecting property right is essential to

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They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights, which provides for the right to benefit from the protection of moral and material interests resulting from authorship of scientific, literary or artistic productions. The importance of intellectual property was first recognized in the Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). Both treaties are administered by the World Intellectual Property Organization (WIPO).

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3 years ago

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A manager invests $20,000 in equipment that would help the company reduce it's per unit costs from $15 to $12. He expects the eq

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Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.

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3 years ago

Equipment was acquired on January 1, 2019 at a cost of $190,000. The equipment was originally estimated to have a salvage value

Sophie [7]

Answer:

Journal:

Dec. 31, 2022:

Debit Depreciation Expense $18,600

Credit Accumulated Depreciation $18,600

To record depreciation expense for the year.

Explanation:

a) Depreciation charge for each of the 3 years, calculated as ($190,000 - $22,000)/10 = $16,800

2019: $16,800

2020: $16,800

2021: $16,800

Accumulated Depreciation to date = $50,400 ($16,800*3)

b) Book Value on January 1, 2022 = $139,600 ($190,000 - $50,400)

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d) There is adjusting journal entry. Depreciation is an estimate based on judgement and past events. Judgement can change to address current events. So, there is no need adjusting the entries for the previous three years.

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3 years ago

A calendar year reporting company preparing its annual financial statements should use the phrase "at december 31, 2016" in the

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Financial statements include Income statement, Statement of Owner’s Equity, Balance sheet and Cash flow statement. Statement of Owner’s Equity and Balance sheet are prepared at a particular date at the end of the financial year or period.

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Answer: Conducting a situation analysis

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