Help pls I don’t get this

which would be considered assets? check all that apply.own a guitarchecking accountstudent loanstocks and bondsmonthly rentown a

Harrizon [31]

The correct options are

own a guitar
checking account
stocks and bonds
own a motorcycle

A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company's worth or improve the operations of the company. Whether it's industrial equipment or a patent, an asset may be viewed of as anything that, in the future, can create cash flow, lower expenditures, or increase sales. A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset.

To know more about assets refer to brainly.com/question/19733618

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5 0

1 year ago

Which of the following correctly describes globalization

kondor19780726 [428]

what is your question ??

I think u have missed some parts here in the question ..

5 0

2 years ago

dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count

saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

Cr Income summary 550,900

Dr Income summary 484,200

Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

Cr Selling expense 44,100 (net = $42,000 + $2,100)

Cr Utilities expense 21,000

Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

Cr Retained earnings 66,700

Dr Retained earnings 45,000

Cr Dividends 45,000

7 0

2 years ago

2-a. Refer to the original data. How much will net operating income increase (decrease) per month if the company uses higher-qua

Vadim26 [7]

The original data is :

Data for Hermann Corporation

Per unit Percent of sales

Selling price $ 75 100%

Variable expenses 51 68

Contribution margin $ 24 32%

The fixed expenses are $ 75,000 per month and the company is selling 4000 units per month.

Solution :

Present Proposed

Sales 300000 375000

Less : Variable cost 204000 275000

Contribution margin 96000 100000

Less : Fixed expenses 75000 75000

Net income 21000 25000

The net operating income : Increases 4000

Net operating income = increased sales Net income - current sales net income.

Therefore the higher quality component should be used.

8 0

2 years ago

The simple rate of return focuses on accounting net operating income rather than on cash flows. Group starts

jeka94

Simple returns focus on accounting for net operating income, not cash flow. The simple method of revenue focuses on cash flow rather than accounting for net operating income.

A simple rate of return is calculated by subtracting the initial value of the investment from the current value and dividing it by the initial value. To output as%, multiply the result by 100.

Under the simple rate of return method, a dollar you receive 10 years later is considered to be worth the $ 1 you receive today. Therefore, the simple yield method can be misleading if the alternative cash flow patterns under consideration are different.

Learn more about cash flows at

brainly.com/question/735261

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Your question is incomplete. please read below to find the full content.

The Simple Rate Of Return Focuses On Accounting Net Operating Income Rather Than On Cash Flows.

A) TRUE

B) FALSE

3 0

2 years ago