One of the best ways to do this is by creating a database or spreadsheet that includes fields for each of the details the owner wants to track.
The database or spreadsheet should be organized with columns for each category of information, such as "item number," "date of purchase," "terms of payment," "vendor number," "vendor address," "vendor name," "purchase price," "quantity purchased," "buyer number," "buyer name," "purchase order number," "item description," "quantity on hand," "extended amount," "total amount of purchase," and "shipping method." Each row could represent a separate purchase, with the corresponding information for each category filled in for that purchase. Having this information organized and stored in a database or spreadsheet will provide the business owner with several benefits. First, it will allow for easy access to the data, making it simple for the owner to retrieve information about specific purchases or to analyze the data as a whole. The owner could, for example, easily find the total amount of a particular purchase, or all purchases made from a particular vendor. Additionally, having the data organized in a structured manner will make it easier for the business owner to analyze the data, for example to see trends in purchases over time or to track their inventory levels. Another benefit of having the data stored in a database or spreadsheet is that it will reduce the risk of errors and inconsistencies in the data. For example, if the business owner is manually tracking the information in a notebook, there is a risk of human error, such as typos or incorrect information being entered. With a database or spreadsheet, the owner can set up rules and validation checks to help ensure that the data is entered accurately and consistently.
To know more about spreadsheet:
https://brainly.com/question/8284022
#SPJ4
The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development (R&D) team in Kansas.
The correct option is self-directed work groups and virtual teams.
What is post-bureaucratic organization?According to Heckscher's 1994 article, "Defining the Post-Bureaucratic Type," it is "an organisation where everyone accepts responsibility for the success of the whole" and it is made up of "structures that build informed consensus rather than depending on hierarchy and authority." Post-bureaucratic organisations, on the other hand, disapprove of long-standing interpersonal authority relationships.
For instance, a lot of high-tech businesses split up their workforce into teams that choose how to assign and complete tasks. This question looks at post-bureaucratic organisations (PBO), which are different from multi-divisional or multi-functional structures that put a lot of emphasis on hierarchy and loyalty to superiors.
Self-managed work groups and virtual teams can get around this restriction because teams are not required to be based in the same location and work at the same time.
To learn more about post-bureaucratic organization refer to:
brainly.com/question/4252984
#SPJ4
Complete question:
The new cereal product development team included a project manager located at headquarters in Chicago, a marketing specialist in the Los Angeles office, and a research and development (R&D) team in Kansas.
which one of the following statements would express a limitation of the simple circular flow model of pure capitalism? which one of the following statements would express a limitation of the simple circular flow model of pure capitalism? it shows the real flows of economic resources but not the money flows. it shows the product market but not the resource market. it shows households but not the flow of goods and services. it shows businesses but not government.
It demonstrates that the basic circular flow concept of pure capitalism has limitations that only apply to firms and not to the government.
What is suggested by the circular flow model of pure capitalism?In essence, circular flow shows us how input from and to each sector encourages production, which results in the development of goods and services.
The circular flow model depicts the movement of money in society. Pay is exchanged between employers and employees for things like wages and other forms of compensation. A cycle of money flow that never ends is an economy.
What is pure capitalism, exactly?Pure capitalism is a free, private economic system that allows voluntary, competing private individuals to freely plan, produce, and trade without interference from the state.
What limitations hold true for the circular flow model?The model also assumes that there are costs associated with goods, services, and manufacturing inputs, but it makes no effort to explain how these costs are determined or what impact a change in costs would have on the flows.
Learn more about circular flow concept: https://brainly.com/question/28494347
#SPJ4
the famous thought leader who developed models for creating value and competitive advantage taught in business schools worldwide is _________.
Michael E. Porter is a renowned thought leader and Bishop William Lawrence University Professor at Harvard Business School.
He is known for his models of creating value and competitive advantage that are taught in business schools worldwide. His most famous models are the Five Forces Analysis, Value Chain Analysis, and Three Generic Strategies.
The Five Forces Analysis is used to analyze the environment of an industry. The Value Chain Analysis identifies activities necessary to create and deliver value to customers. The Three Generic Strategies are low-cost, differentiation, and focus, which are used to define a company’s competitive position.
Porter’s models have become standard tools for strategic management and are used by companies, executives, and governments worldwide. The business community has been greatly impacted by his work.
To learn more about Forces Analysis visit:
https://brainly.com/question/15180071
#SPJ4
which of the following statements explain(s) how the accounting equation applies to businesses? (check all that apply.) multiple select question. the equation states that revenues - expenses
The accounting equation applies to businesses in the following ways:
The accounting equation states that assets = liabilities + equity, which means that the assets of a business are equal to the total of its liabilities and equity.
This equation forms the basis of double-entry accounting and helps to ensure that a business's financial statements are in balance.
Revenues - expenses = net income. This relationship shows that a business's net income is equal to its revenues minus its expenses. The net income figure is important because it represents the profit or loss that a business has earned during a specific period of time.
These two statements explain how the accounting equation applies to businesses.
To know more about the accounting equation
brainly.com/question/15574396
The complete question is
Select all that apply Which of the following statements explain(s) how the accounting equation applies to businesses? Check all that apply The equation states that Assets Liabilities - Equity The equation reflects the fact that, at any point in time, total revenues will always equal total abilities and assets. The equation applies to all transactions The equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners The relation of assets, liabilities and equity is reflected in the equation The equation states that Revenues - Expenses = Assets
#SPJ4
A strategy developed by companies that specifies marketing activities for a specific period of time is known as a _____.
a. marketing plan
b. advertising plan
c. marketing mix
d.sales plan
An (B) advertising plan is a strategy created by businesses that detail marketing actions for a predetermined time frame.
What is the advertising plan?A marketing strategy plan lays out how you'll connect with your target market and accomplish your advertising objectives.
We'll list the channels you'll employ, important messaging, and necessary funding in it, as well as all the other components and details you need to implement your advertising strategy.
A marketing plan is a business strategy that specifies marketing activities for a specific time period.
The five components—people (staff), materials (production), equipment (machinery), minutes (time), and money—need to be viewed as assets that the organization has committed to its present marketing plan (Finances).
There are several applications for the model itself.
Therefore, an (B) advertising plan is a strategy created by businesses that detail marketing actions for a predetermined time frame.
Know more about the advertising plan here:
https://brainly.com/question/24967768
#SPJ4
according to the information on the graph, which of the following could explain a movement from point a to point b?
Although we are aware that our economy can perform better, getting from point A to point B explains why we are currently inefficient.
What is an economy?
An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviours, discourses, and tangible manifestations connected to the creation, utilisation, and management of finite resources. One's culture, values, education, technological advancement, history, social organisation, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements determine the parameters and conditions under which an economy operates in addition to providing background and content. In other words, the economic realm is a social domain made up of connected human behaviours and exchanges that cannot exist independently.
To learn more about economy visit;
https://brainly.com/question/951950
#SPJ4
Correct question:
According to the information on the graph, which of the following could explain a movement from point A to point B?
a)We are efficient but just choose to produce a different amount.
b)We enjoyed an economic boom.
c)We know that our economy can do better, but somehow, we are now inefficient.
d)A new technology is discovered which allows for more efficient production.
jake is a salesperson for a car dealership. he has missed his monthly sales quota for march, largely because the car dealership down the street introduced a sales incentive of 0% financing for 36 months and a $1,000 rebate on all new vehicles purchased during the month of march. this illustrates that a problem with evaluating job performance on the basis of results is that the results
A problem with evaluating job performance on the basis of results is that the results may be heavily influenced by external factors that are beyond the control of the individual.
What is job performance?
Job performance is the amount of work an individual completes in a given amount of time, while meeting the quality expectations set by their employer. It is the result of a combination of factors, including an employee's skills, attitude, experience, training, and work environment. It is important because it helps employers to evaluate the effectiveness of their employees, identify areas for improvement, and reward employees who are performing well. Job performance is also a key factor in career advancement and raises. To ensure good job performance, employers should provide employees with a clear understanding of the job requirements, regular feedback, and development opportunities.
To learn more about job performance
https://brainly.com/question/12957583
#SPJ4
Read each description and determine which environmental force is being described. Drag your answer to the appropriate spot on the chart. Jeffries Roofing Economic and Legal Blackberry Borders Technological Booksellers Competitive Snap for Seniors Social Walmart Global
Environmental factors have an impact on daily life and are a significant contributor to the disparities in health that is between various geographic regions.
What is meat by environmental force?Environmental forces are elements of a company' surroundings that have an impact on its operations. The state of the economy, local politics, consumer spending, and labor force education are a few examples of environmental factors that might have an impact on company.
Environmental elements include air, water, soil, climate, native plants, and landforms. By definition, environmental factors have an impact on daily life and are a significant contributor to the disparities in health that is between various geographic regions.
This company is controlled by one person just for their own gain. It is the simplest type of business structure. Apart from the owners, proprietorships don't exist.
Jefferies Roofing-Economic and LegalBorders Booksellers-TechnologicalBlackberry-CompetitiveSnap for Seniors-SocialWalmart-GlobalThe complete question is:
Read each description and determine which environmental force is being described. Drag your answer to the appropriate spot on the chart.
To learn more about environmental force refer to:
https://brainly.com/question/28487849
#SPJ4
an unregulated profit-maximizing natural monopoly with positive economic profits has which of the following characteristics?
An unregulated profit-maximizing natural monopoly with positive economic profits of the following characteristics has
The step essential for determining profit maximization is finding the combination of cost and output or MR = MC. Market demand intersects ATC where ATC is declining.
Profit - Maximizing :Profit maximisation is a process business firms undergo to ensure the best output and price levels are achieved in order to maximise its returns. Influential factors such as sale price, production cost and output levels are adjusted by the firm as a way of realizing its profit goals.
The profit maximization formula depends on profit = Total revenue – Total cost. Therefore, a firm maximizes profit when MR = MC, which is the first order, and the second order depends on the first order. This concept differs from wealth maximization in terms of duration for earning profit and the firm's goals.
Learn more about Profit - maximizing at:
https://brainly.com/question/29841074
#SPJ4
Over the life of the loan, which of the following loans would continually have a lower principal balance given each loan had the same term, principal amount, and average interest rate? (A) CAM (B) CPM (C) GPM (D) Cannot be determined with this information
Over the life of the loan, CAM would continually have a lower principal balance given each loan had the same term, principal amount, and average interest rate. Option (A)
You can deduct your mortgage from your current account using a current account mortgage (CAM). Your mortgage debt and current account balance are blended into one sizable, typically negative, number rather than being shown separately. Your interest rate will change in tandem with the rises and falls in the balance in your current account.
Current account mortgages are fairly specialized products, and they are typically only advised if you frequently want to deal with underpayments, holiday payments, and overpayments.
To learn more about mortgages, visit the link below:
brainly.com/question/15074748
#SPJ4
FILL IN THE BLANK _____ Markets include short-term, highly liquid, and relatively low-risk debt instruments, whereas ______ markets include longer term and riskier securities.
Money Markets include short-term, highly liquid, and relatively low-risk debt instruments, whereas capital markets include longer-term and riskier securities.
What do you call the marketplace where short-term debt instruments are traded?
Trading in short-term debt takes place on the money market. Between governments, businesses, banks, and other financial organizations, there is a continuous flow of cash that is used for borrowing and lending with terms as short as overnight and as long as a year.
Compared to capital markets, which feature longer-term and riskier assets, money markets are more liquid, short-term, and fairly low debt instruments.
Therefore, Bonds and stock trading are both included in the capital market.
Learn more about money markets from the given link.
https://brainly.com/question/1305875
#SPJ4
you have recently been hired by delta airlines to work in its strategy division. for each of the following, illustrate how delta's supply curve for airline flights will be affected by shifting the accompanying graphs.
Delta's supply curve for airline flights will be affected because there is a shift to the right which is an increase in supply.
Explain the term supply with reference to business.
The term "supply" refers to the overall quantity of a certain commodity that is made available to the market for consumption.Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices.The supply is graphically represented, and the supply curve, which is represented as an upward-sloping line, maps the link between price and quantity.Market demand, financial limitations, customer preferences, and governmental policy all affect supply.Despite the fact that there are different forms of supply, supply is frequently divided into short-term and long-term supply.To study more about supply,
https://brainly.com/question/23364227
#SPJ4
Disney Company has different divisions for theme parks, movies, TV channel, and consumer products. This is an example ofa. Functional departmentalization.b. Geographic departmentalization.c. Product departmentalization.d. Customer departmentalization.
Theme parks, movies, TV channels, and consumer goods are all divided up into separate divisions of the Disney Company. This serves as an illustration of product departmentalization.
What is the departmentalization of products?
An organisational structure known as departmentalization by product/service creates many departments inside the company based on the types of products or product lines. Every product or product line has a team or department, whose members collectively work to complete the product and boost sales.
Because each product is handled by a distinct department, the fundamental goal of product departmentation is to produce better-quality products. Businesses that produce a variety of goods in huge quantities should use this organisational style.
Under product departmentalization, a separate department is established for a single product or product line, and all relevant departments' operations—such as production, marketing, sales, and personnel—are consolidated under the jurisdiction of the new department.
Learn more about product departmentalization with the help of the given link:
brainly.com/question/28119221
#SPJ4
a product cost is deducted from revenue when multiple choice the finished goods are sold. the expenditure is incurred. the production process takes place. the production process is completed.
It is deducted from the revenue when the FG (finished goods) are sold. Therefore, part a) is the right answer.
What do finished items entail?Finished goods are products that have finished manufacture or that have been bought fully built but have not yet been delivered to customers. Finished goods that have been purchased are referred to as merchandise.
Products that have completed the manufacturing process but have not yet been distributed or sold to the final consumer are referred to as finished goods. Finished goods are viewed as a short-term or current asset on a company's balance sheet because they are frequently sold within a year.
Items that have through the manufacturing process and are prepared for sale or delivery to the final consumer are referred to as finished goods.
When the goods are delivered to the end consumers, processing has completed.
Items that have through the manufacturing process and are prepared for sale or delivery to the final consumer are referred to as finished goods. When the goods are delivered to the end consumers, processing has completed.
To learn more about balance sheet refer to:
brainly.com/question/1113933
#SPJ4
Complete question -
_____, such as sears, provide more sales assistance because they carry more shopping goods about which customers need information. their increased operating costs result in higher prices.
Limited service retailers, such as sears, provide more sales assistance because they carry more shopping goods about which customers need information. their increased operating costs result in higher prices.
In a limited service retailer, the buyer requires additional assurances in addition to the things that he purchases. For example, he may require greater credit, better facilities, or guarantee that they can return the material if they do not like it.
A limited service retail business could be a small electronics store. Here, the retail executive pays close attention to the customer and clarifies all of their concerns. They may provide financial incentives in the form of EMIs or consumer loans and, in general, will make your purchase easier.
Learn more about retailers here:
https://brainly.com/question/25376778
#SPJ4
to determine whether employees at site x have higher salaries, on average, than employees at site y of the same company do, independent random samples of salaries were obtained for the two groups. the data are summarized below.
95% confidence interval for the difference between the two businesses' average employee salaries.
The test statistic is computed by adding the population standard deviations of Companies A and B, dividing by the total of the sample sizes of Companies A and B, and then subtracting the sample means of Companies A and B. The result is then divided by the square root of the variance.
Test statistic is equal to (48 – 43) / (12 + 10) / (72 + 50) = 0.766.
b. The p-value is determined by looking up the value in a t-distribution table with degrees of freedom equal to the sum of the sample sizes minus two using the test statistic. 0.239 is the p-value.
The null hypothesis, according to which there is no distinction in the average wages of the employees at the two companies, cannot be disproved at a=.05.
b. It looks that Company A pays a greater wage. The population mean wage for employees at the two firms differs by an amount that is within the 95% confidence range (3.073, 5.927).
For such more question on sample sizes
https://brainly.com/question/30224379
#SPJ4
The purpose of reports in managerial accounting is to provide special-purpose information for a particular user for a specific decision. (True/False)
The claim that the goal of reports in managerial accounting is to deliver special-purpose data to a specific user for a particular decision is true.
What function do reports serve in managerial accounting?These summaries of financial data from accounting records may contain information on transactions, operational costs, the profitability of particular products, and regional sales. Managers can use these reports to make well-informed business decisions.
General-purpose reports or managerial accounting reports?The guidelines established by the FASB must be followed while producing managerial accounting reports. Reports used for broad purposes are typically financial accounting reports. Reports from financial accounting apply to the corporation as a whole, whereas managerial accounting is more concerned with the organization's divisions.
To know more about managerial accounting visit:-
https://brainly.com/question/14570679
#SPJ4
Help measure the health of the economy by measuring the levels of inflation, disinflation, deflation, and stagflation is ...
Price indexes can be used to monitor the rates of inflation, disinflation, deflation, and stagflation in order to assess the state of the economy.
What do you mean by Price indexes?
Price indexes are used to measure inflation and deflation, as well as to track movements in the cost of living. Price indexes are based on a base year and compare the current prices of goods and services to those in the base year. They are used by central banks, governments, businesses, and economists to track changes in the price level. Price indexes are also used to compare historical and current prices and to adjust wages, salaries, and other payments for inflation. Price indexes are used to assess the real purchasing power of money, as well as to measure the impact of price changes on the economy.
So, The required answer is Price indexes.
To learn more about Price indexes:
https://brainly.com/question/24275900
#SPJ4
when a firm accomplishes a successful marketing strategy, it can lead to blank . (check all that apply.)multiple select question.stronger brandshigher profitslower market sharedecreased profitabilitylarger market share
A company's brand can get stronger, earnings can increase, and market share can increase as a result of a good marketing strategy. A company's brand, earnings, and market share can increase as a result of a good marketing plan.
A corporation might experience a variety of results when its marketing strategy is successful. The results comprise: Stronger brand - An effective marketing strategy may work to boost consumer loyalty and brand awareness, which can result in a stronger brand. Better profits - A company may boost sales and income, which will result in higher profits, by successfully targeting customers and advertising its goods or services. Greater market share – If a marketing plan is effective in luring in new clients, it may lead to a rise in market share. It's crucial to remember that a powerful marketing plan does not automatically equate to reduced market share or profitability. In some circumstances, rising marketing costs or shifting market dynamics might cancel out the advantages of an effective marketing plan.
learn more about marketing strategy here:
https://brainly.com/question/29376574
#SPJ4
which of the following has the highest time value of money at the same interest rate for the same number of payments?
At the same interest rate and with the same amount of payments, the future value of an annuity payable has the highest time value of money.
An approach to determine how much money a stream of payments will be worth at some future date is to determine the future value of an annuity. The present value of an annuity, on the other hand, calculates how much cash will be needed to provide a series of future payments.
Payments are made in a typical annuity at the conclusion of each predetermined time frame. Payments are made at the start of each period in an annuity payable. You need to know the annuity payment amount, the number of periods, and the expected rate of return in order to calculate the future value of an annuity.
Because annuity-due payments frequently require an extra compounding period, the future value of an annuity due is typically greater than the future value of an annuity.
To learn more about future value of an annuity, please refer:
https://brainly.com/question/13369387
#SPJ4
which of the following is true about a typical multi-year bond's coupon? multiple choice question. the coupon payment will vary with the market rate of interest. it is a fixed payment paid only at the time the bond matures. it is a fixed payment made yearly and at bond maturity. coupon payments are paid at the discretion of cfo.
It is true that the coupon on a typical multi-year bond is a fixed annuity payment.
Describe the fixed annuity.In an insurance contract known as a fixed annuity, the buyer is promised a fixed rate of return on their contributions over a given length of time. People who are interested in premium protection, lifetime income, and low risk, fixed annuities make suitable investments.
Additionally, a fixed annuity does not provide any inflation protection, which may be seen negatively by some. The easiest and clearest type of annuities are fixed annuities. Additionally, they offer the most consistent and stable income source and typically charge the lowest rates. An immediate or deferred fixed annuity is available.
Learn more about fixed annuity with the help of the given link:
brainly.com/question/28543215
#SPJ4
Domestic producers of a good become better off, and domestic consumers of a good become worse off, when a country begins allowing international trade in that good andthe country becomes an importer of the good as a result.the world price exceeds the domestic price of the good that prevailed before international trade was allowed.other countries have a comparative advantage, relative to the country in question, in producing the good.total surplus does not change as a result.
The Stolper-Samuelson theorem, which argues that domestic consumers of a good grow better off, while domestic producers of a good become worse off, describes this circumstance.
when a nation starts to permit international commerce in that product and, as a result, becomes an importer of the product. This is due to the fact that the world price of the item, which is lower than the domestic price prior to international commerce, raises domestic customers' buying power and lowers domestic producers' profit margins. According to the theory, the rise in consumer surplus offsets the decline in production surplus, hence the overall surplus is unaffected by international trade. Domestic producers are businesses or people who create products for domestic consumption inside the boundaries of a nation.
learn more about domestic producers here:
https://brainly.com/question/13795785
#SPJ4
what, for you, is an important principle in your daily life and activities? explain how and in what ways this principle helps you learn from and engage with others in your life. (150 words)
One important principle in my daily life and activities is to practice active listening. Active listening is the practice of listening to what someone is saying without judgement, interruption, or forming a response in my head.
What is the judgement?The judgement is the final decision that is made at the end of a court case. It is the legal determination of the rights and duties of the parties involved and is based on the facts presented, the applicable law, and other relevant considerations. The judgement may be a verdict of guilty or not guilty, a finding of liability or no liability, or a full or partial award of damages. The judgement is a formal process that is issued by the court and is binding on all parties involved. It is the ultimate conclusion of the case and will determine the outcome of the dispute.
To learn more about judgement
https://brainly.com/question/18523709
#SPJ4
What is the main concern some people have about credit cards and digital
payments?
A. Facial recognition is making credit cards and digital payments
unsafe.
B. Credit cards and digital payments require password protection.
C. Companies can collect information about purchasing habits from
credit cards and digital payments.
D. Credit cards and digital payments allow people to use them
anywhere.
Companies can collect information about purchasing habits from credit cards and digital payments.
What are digital payments?
A digital payment, often known as an electronic payment, is the exchange of value between payment accounts utilizing a digital device, like a mobile phone, computer, POS, or wireless mobile data or SWIFT.
Customers frequently utilize banking cards—credit, debit, and prepaid cards—to make digital payments. For safe transactions, banking cards have an authentication system in place that uses a pin and a one-time password.
The many types and mechanisms of digital payments that are used often in India are covered in detail in the lines that follow using a bank card. AEPS, USSD, and UPI
More sophisticated digital payment methods are currently growing in popularity. Online payment options, virtual currencies, and electronic transfers all fall under this category.
Learn more about digital payments, here
https://brainly.com/question/27076162
#SPJ1
a to z, a supermarket in new jersey, placed a weekly advertisement in the local newspapers. the advertisement stated that a to z would sell all vegetables at a flat rate of $5 from monday to wednesday between 1 p.m. and 3 p.m. at select locations in the state. a to z most likely used
A to Z implemented a price promotion approach to draw clients and boost sales by slashing the price of vegetables at some of its stores. Supermarkets frequently employ this style of marketing.
A to Z is utilising a special pricing technique by providing all veggies for a set price of $5 for a constrained period of time and at specific places in order to boost sales and draw clients. A pricing approach known as promotional pricing involves temporarily lowering a product's price in order to increase demand and draw customers. This kind of price strategy can be applied to promote new goods, increase store traffic, and clear out inventory. A to Z is raising awareness of the deal and enticing clients to benefit from the reduced pricing by publishing advertisements for it in neighbourhood publications. This tactic can assist the supermarket in boosting sales, cultivating customer loyalty, and differentiating itself from rivals in a congested market.
learn more about sales here:
https://brainly.com/question/29857652
#SPJ4
gdp data, the official figures account for barter agreements that take place as part of daily business transactions.
It is untrue that barter deals that happen as part of regular commercial transactions are taken into consideration in the statistics.
What is the most accurate approach to calculate GDP?The total amount of money spent during a specific time period by firms, consumers, and the government can be added up to determine GDP. It can also be determined by adding up the total amount of money that each participant in the economy has received. In either scenario, the figure represents an estimate of "nominal GDP."
Which method does India employ to calculate GDP?India's GDP is computed using two separate techniques, one based on economic activity (at factor cost) and the other on expenditure (at market prices). The factor cost method evaluates the performance of eight distinct industries.
To know more about GDP Data visit:
https://brainly.com/question/4687825
#SPJ4
in year 4, senn inc. purchased land at a cost of $600,000 for a new office building. the existing building on the site, which was valued at 10% of the purchase price, was demolished at a cost of $15,000. the new building was completed during year 4. in addition, the following costs were incurred:
$23,000 is the amount that should be capitalized to its land account at land cost of $600,000 and demolished at a cost of $15,000.
given data:
purchased land cost = $600,000
demolished cost = $15,000
percentage rate = 10%
Debris removal and grading = $8,000
Fine for failure to obtain a county permit for demolition = 2,000
Surveying = 12,000
Excavation of basement for new building = 20,000
Building permits = 10,000
capitalized amount = demolished cost + Debris removal and grading
= $15,000 + $8,000
= $23,000
The term "account" describes a log of financial transactions. It is used to keep track of, manage, and report on the financial obligations that a person, business, or organisation has toward itself or others. Accounts come in many different forms, such as bank accounts, credit card accounts, loan accounts, and investment accounts. They assist both private persons and corporate entities in keeping tabs on their financial activities, observing their expenditure, and making future expense plans. An action that involves keeping records or a ledger is often referred to as an account. The financial sector may use it in a wide variety of ways. An account in banking refers to a contract whereby a company, often a financial institution like a bank or credit union, takes a client's financial assets and retains them on the customer's behalf at the discretion of the customer.
learn more about account here
https://brainly.com/question/5399294
#SPJ4
hokies uses the following accounts: accounts payable cash prepaid rent common stock salaries payable equipment supplies rent expense notes payable salaries expense accounts receivable utilities expense service revenue retained earnings dividends required: indicate which accounts should be debited and which should be credited for the following transactions of hokies company.
1. Pay a cash dividend = dividend is debited and cash is credited
2. Pay rent in advance for the next three months = Prepaid account is debited and cash is credited
3. Provide services to customers on account = Account receivable is debited and service revenue is credited
4. Purchase office supplies on account = Supplies account is debited and account payable is credited
What is credit?
A social relationship between a creditor (lender) and a borrower is the fundamental component of credit (debtor). Debtor agrees to return lender, frequently with interest, or face financial or legal repercussions. Extending credit is a practise that datesdates back to the beginning of human civilization, thousands of years ago.To know more about credits, click the link given below:
https://brainly.com/question/1475993
#SPJ4
in the context of the types of coaches or leaders who help develop others, which of the following teach out of personal conviction, believing in certain ideals and seeing it as a duty to pass on these ideals to others?
The types of coaches or leaders who help develop others, which teach of personal conviction, believing in certain ideals and seeing it as a duty to pass on these ideals to others are called missionaries.
What do you mean by missionaries?
A missionary is a member of a religious organization who is sent into a community to spread their religion or offer services to the local populace, such as economic growth, education, health care, and social justice. When he sends the disciples into regions and orders them to proclaim the gospel in his name, Jesus Christ is quoted as saying the word in the Latin translation of the Bible. The phrase can relate to any belief or ideology, although it is most frequently used in the context of Christian missions.
Know more about missionaries- brainly.com/question/14514380
#SPJ4
sara bought a convertible term life insurance policy when she was 25, and would like to convertir now. that she is 35 . if sarah wants the least expensive premium,she would choose
Convertible insurance policies allow insureds to convert a term policy to a permanent policy and term life is the cheapest form of life insurance.
What Is Convertible Insurance? A type of life insurance known as convertible insurance enables the policyholder to convert a term policy into a whole or universal coverage without once again needing to meet the health requirements.You can change your term policy into a permanent life insurance coverage via a convertible term policy. If you convert term life insurance (with a conversion provision) to permanent coverage, you won't be forced to undergo a medical examination or respond to health-related inquiries.The way a convertible level term policy operates is exactly the same, but it has a clause, or "rider," that allows you to change it later into a permanent life policy. If you choose not to use the conversion option, your protection under the policy will remain unchanged until the term's end.Learn more about life insurance refer to :
https://brainly.com/question/1373572
#SPJ4