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3 years ago

As natural resources are used, their cost is allocated to an expense through a process known as _____________.

Business

1 answer:

Luba_88 [7]3 years ago

6 0

Answer:

As natural resources are used, their cost is allocated to an expense through a process known as depletion

Explanation:

For natural resources, this process is called depletion, and for intangible assets it is called amortization.

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Partners in a business enter into a buy-sell agreement to purchase life insurance, which states that should one of them die prem

WINSTONCH [101]

Answer: (4) Any form of life insurance

Explanation:

According to the given question, any type of the life insurance policy are used for purpose of funding the interest financially of deceased partner.

In this type of life insurance policy we made an agreement between the holder of life insurance policy and the insurer based on the critical or terminal illness of the person.

It is basically used into the form of two types that is whole life or for the short term contract basis. Therefore, Option (4) is correct.

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3 years ago

Robertson Inc. prepares its financial statements according to International Financial Reporting Standards (IFRS). At the end of

qwelly [4]

Answer:

$264,000

Explanation:

Calculation to determine what the accumulated depreciation account will have a balance of:

$240,000 x ($330,000/300,000) = $264,000

Therefore , the accumulated depreciation account will have a balance of:$264,000

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3 years ago

Individuals and businesses must choose between the different uses for their available resources. This is called ______ resources

ki77a [65]

The term by which individuals and businesses choose between the different use of available resources is called <u>allocating </u>and it is due to the concept of <u>scarcity</u>.

<h3>What is Scarcity?</h3>

According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.

It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.

Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of <u>allocating </u>resources and due to the concept of <u>scarcity.</u>

<u></u>

Learn more about scarcity here:

brainly.com/question/1088553

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2 years ago

What do you call a specific Market group that wants, and can afford, your product

Archy [21]

Answer:

A target market I think

Explanation:

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3 years ago

Which health/safety law requires continued health insurance coverage (paid by employee) following termination?

Aleks04 [339]

Consolidated Omnibus Budget Reconciliation Act (COBRA) is a law that gives workers the right or permission to temporarily keep their medical coverage provided by their health plan after termination.

<h3>What is COBRA?</h3>

It is a federal health/safety law, passed in 1985, that allows workers after termination the right to stay in the same health insurance plan they previously had.

It seeks for workers and their families to continue their employer-sponsored “job” insurance if that insurance would end due to job loss or divorce or death in the family.

Therefore, we can conclude that COBRA is a law that gives workers the right or permission to temporarily keep their medical coverage provided by their health plan after termination.

Learn more about Consolidated Omnibus Budget Reconciliation Act here: brainly.com/question/8891400

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2 years ago