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My name is Ann [436]
3 years ago
10

Whats considered a fixed assest

Business
1 answer:
Igoryamba3 years ago
3 0

Answer:

see below

Explanation:

Fixed assets are valuable items that cannot be converted into cash quickly. They are assets not meant for sale or consumption up in the current financial year.

Fixed assets are tangible or physical assets used by businesses in the productions or provision of services. They provide long term financial benefits to a business. Fixed assets have a useful life of more than one year. Land, buildings, motor vehicles, plant, and equipment are examples of fixed assets.

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Monty Corp. bought equipment on January 1, 2022. The equipment cost $360000 and had an expected salvage value of $65000. The lif
Jet001 [13]

Answer:

$295000.

Explanation:

Depreciable cost is the asset costs minus salvage value.

For Monty Corp:

asset cost = $360000,

salvage value =  $65000

Depreciable  cost will be

=$360,000 - $65,000

=$295,000

5 0
3 years ago
Baldwin's EBIT (Earnings Before Interest and Taxes) last year was $21,771,033. What was Baldwin's net profit
tensa zangetsu [6.8K]

The net profit is the money that a business earns after the deduction of the expenses for a period of time.

<h3>How to calculate the net profit?</h3>

Your information is incomplete as the data is missing. Therefore, an overview will be given. In order to calculate the net profit, it's important to know the gross profit.

The formula to calculate the net profit will be:

= Total revenue - Total expenses

Learn more about profit on:

brainly.com/question/19104371

5 0
2 years ago
Read 2 more answers
Jamie was participating in a market research study regarding computers when he was presented with 24 different computers that va
fenix001 [56]

Answer:

conjoint analysis

Explanation:

In the market research study being described, they were using conjoint analysis. This is a statistical technique that helps determine how potential customers value different attributes such as a specific feature, function, or benefit that makes up an individual product or service. In this particular scenario, Jamie was asked to rank the different computers based on each ones unique/different criteria or features.

4 0
3 years ago
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry​ leaders, who have turnover of about 13 times per y
Iteru [2.4K]

Answer:

inventory​ turnover = $15.879

Explanation:

given data

Net Revenue = ​$27,500

Cost of sales = ​$19,690

Inventory ​= $1,240

Total assets = ​$17,990

assets invested = 8%

to find out

Baker's inventory​ turnover

solution

we will apply here formula for  inventory​ turnover that is express as

inventory​ turnover = \frac{cost of goods sold}{Inventory investment}   ..........................1

put here value we get

inventory​ turnover = \frac{19,690}{1240}

inventory​ turnover = $15.879

8 0
3 years ago
Almost 80% of business owners are clueless about the competition, resulting in Question options:
goblinko [34]

u need to give me answer choices

7 0
3 years ago
Read 2 more answers
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