Answer:
<em>a. equipment.
</em>
<em>c. cash.
</em>
<em>d. land.
</em>
<em>e. inventory.</em>
Explanation:
Tangible resources are <em>physical objects and assets that are noticeable and have physical characteristics. It is quick to liquidate these products and have a fixed price.</em>
These are critical when it comes to accounting because these help a company realize that when placed on balance sheets or financial statements it's financial position.
Answer: $240,000
Explanation:
An intangible asset is an asset which lacks physical substance. While physical assets include assets like buildings, machinery and financial assets like government securities, the intangible assets are hard to evaluate and they include copyrights, patents, trademarks, franchises, goodwill, and trade names.
From the information provided in the equation, copyrights is $240,000 which is an intangible asset. Therefore, in Randolph's balance sheet, intangible asset should be written as $240,000.
Answer:
C All of the answers are correct
Explanation:
A market structure is termed as oligopoly when there are very few suppliers in a market of so many buyers. For oligopoly, the profit is maximized where the marginal cost equals the marginal revenue. If the marginal cost curve shifts upwards, it means that it increases. In an attempt to increase the cost in one firm, all the consumers will shift to the other firms, in an attempt to increase output, a company will make lesser profit. In this case, it means that the company will have to make use of non-price methods to compete. Therefore, the correct answer is C as the above given answers are all correct.
Answer:
Net operating income= $26,140
Explanation:
Giving the following information:
Fixed costs= $23,000
The contribution margin ratio is 63%.
Sales= $78,000
<u>First, we need to calculate the contribution margin:</u>
Contribution margin= contribution margin ratio*sales
Contribution margin= 0.63*78,000
Contribution margin= 49,140
Net operating income= 49,140 - 23,000= $26,140
Answer:
The correct answer is option A.
Explanation:
Availability float refers to the time difference between when the check is deposited and when the money is transferred to the recipient's account.
The time difference exists because the bank has to process the physical check before transferring the funds.
So the availability float can also be defined as the time taken by a bank to process and honor a check and transfer the funds to the recipient's bank.
