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anygoal [31]
3 years ago
10

State the purpose of assets​

Business
1 answer:
oksano4ka [1.4K]3 years ago
3 0

Answer:

Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.

Explanation:

Hope this helps!

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A rich singer has donated $450,846 to endow a university professorial chair in Bohemian Studies. If the money is invested at 12.
Sedaia [141]

Answer:

Annual withdrawal=  $57,032.02

Explanation:

Giving the following information:

Initial investment (PV)= $450,846

Interest rate (i)= 12.65%

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

PV= Cf / i

Cf= annual cash flow

450,846= Cf / 0.1265

450,846*0.1265 = Cf

Cf= $57,032.02

7 0
3 years ago
Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2021: Operating income
stepan [7]

Answer:

$63,750 and $80,500, respectively.

Explanation:

Operating income : 255,000 x 0.25   =  63,750

Discontinued:   67,000 x   0.25 =    16,750

The Operation Income will be disclosure the pre-tax incoem tax expense adn after-tax result

While, the discontinued operation will be disclosure after-tax therefore it will not be stated in the income statement their amount of income tax

However, the company will have to pay those taxes the total income tax will be the sum of both.

7 0
3 years ago
What is the best investment option for a person who wants to make a long term tax free investment
jenyasd209 [6]
Joint-stock company
6 0
3 years ago
When evaluating the six-step decision-making process, what occurs during the solution implementation step? the process will begi
worty [1.4K]

The answer is the solution that best solves the problem is selected.

During the solution implementation step you should already have determined which solution you would apply to solve the problem that you encounter. By determining which solution to implement, you are on your way to solving the problem that requires your decision-making. If the solution proves to be unsuitable later on, you can refine it later on.

6 0
3 years ago
Car and Auto Sisters had retained earnings of $18,000 on the balance sheet but disclosed in the footnotes that $3,000 of retaine
zmey [24]

Answer:

$14,000

Explanation:

The computation the retained earning balance for dividend distribution is shown below:

= Retained earnings - retained earnings was restricted for plant expansion - restricted for bond repayments

= $18,000 - $3,000 - $1,000

= $14,000

Simply we deduct those items which affect the retained earnings balance.  

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
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