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3 years ago

What is an asset in accounting?

Business

2 answers:

Nataly [62]3 years ago

7 0

Splagoloogaweboowaboneboofloppadoppa it’s C

liubo4ka [24]3 years ago

7 0

Answer:

A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.

Explanation:

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what budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being en

guajiro [1.7K]

Planning, Programming, Budgeting and Execution (PPBE) is the budgeting review for the next fiscal year occurs while one FY budget is being executed and the next fiscal year is being enacted.

<h3> <u>What is a budget?</u></h3>

A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis.
A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive products without falling into debt.

It doesn't have to be tedious, you don't have to be brilliant at arithmetic, and keeping track of your income and expenses doesn't mean you can't buy the items you want. Simply put, it means you'll be more in charge of your finances and know where your money is going.

Know more about budget with the help of the given link:

brainly.com/question/15683430

#SPJ4

7 0

2 years ago

The balance sheet of Messi Services included the following shareholders' equity section at December 31, 2018: ($ in millions) Co

Yuri [45]

Answer: The answer is c $1,080 $560

Explanation:

The journal entry will be

Dr: common stock $200 million

Dr: paid in capital $180 million

In the stockholders equity section , the treasury stock is seen as a separate line item in the stockholders equity. The treasury stock will be deducted from the total stockholders equity. The treasury stock is not a part of paid in capital nor part of the retained earning.

Therefore the balance in the paid in capital excess of par Retained Earnings is 1,080 $560

6 0

4 years ago

Read 2 more answers

A diagramming tool used to express the relationships between entities in a database is called a:

Anna71 [15]

Answer: (B) Entity-relationship diagram.

Explanation:

The entity relationship diagram is one of the type of graphical model or representation which is related to the entities in the form of organizational database.

The entity-relationship diagram is refers to the data modeling technique which basically illustrate the relationship between the information system entity.
It is typically used in an organization for the the purpose of database and represent the entity framework.

According to the given question, the entity-relationship diagram is one of the type of diagramming tool which is used for express the different types of relationship between the database and the entities.

Therefore, Option (B) is correct.

8 0

3 years ago

The following bond investment transactions were completed during a recent year by Starks Company: Year 1 Jan. 31 Purchased 75, $

Nadusha1986 [10]

Answer and Explanation:

The Journal entries is shown below:-

Jan 31

Investment in Govt Bonds Dr, $75,000

Interest Receivable Dr, $375

To Cash 75,375

(Being cash is recorded)

July 31

Cash Dr $2,250

To Interest Receivable $375

To Interest Income 1,875

($75000 × 6% × 5 ÷ 12)

(Being interest on bond is recorded)

Aug 30

Cash Dr, $34,650

Loss on Sale of Bonds Dr, $700

($35,000 - 980 × $35)

To Investment in Govt Bonds $35,000

To Interest Income $350

(Being loss on sale is recorded)

Dec 31

Interest Receivable Dr, $1,200

To Interest Income $1,200

(40 × $1,000 × 6% × 6 ÷ 12)

(Being interest on bonds is recorded)

3 0

3 years ago

A local bank is running the following advertisement in the newspaper: "For just $ $2,000 we will pay you $140 forever!" The fi

Neko [114]

Answer:

6.56%

Explanation:

Given:

The amount paid to the bank = $2,000

Let the interest rate paid be 'r'

By compound interest ,

After 1 year the paid amount will be $2000 × ( 1 + r )

Now,

the bank is paying $140 every year

thus,

2000 × ( 1 + r ) = $\frac{\textup{140}}{\textup{r}}$

2000r + 2000r² = 140

on solving the above quadratic equation, we get

r = 0.0656

r = 6.56%

Hence,

interest rate the bank advertising = 6.56%

6 0

3 years ago