In this case the amount of the gross margin will be $32000.
The Formula to calculate Gross Margin is -
Gross Margin=Net Sales−COGS
where-Net sales = gross sales – returns – allowances – discounts
COGS=Cost of goods sold
As here Sales amount = $80,000
sales returns w = $2,000
sales discounts = $1,000
cost of goods sold amount = $45,000
allowances = 0
Therefore Net sales = gross sales – returns – allowances – discounts
Net sales =$80,000 -$2,000-$1,000
Net sales = $77000
Now to calculate Gross Margin
Gross Margin=Net Sales−COGS
Gross Margin = $77000-$45,000
Gross Margin =$32000
To learn more about gross margin here
https://brainly.com/question/22718027
#SPJ4
In a service firm, salaries of administrative personnel, rent and utilities, and nonbillable employee time are?
In a service firm, salaries of administrative personnel, rent and utilities, and non-billable employee time are Assigned to the client or account using in allocation.
Receptionist: Serving as more of the face of the corporate, receptionists welcome clients, answer questions, and make nonbillable employee people feel comfortable upon entering the building.
A salary can vary greatly from the median income because it is influenced by age, sector, professional experience nonbillable employee and hours worked. The office assistant is incredibly the same as an administrative one. He or she is going to typically write emails, cater to incoming calls, file documents, and more.
Furthermore, office assistants confirm your workplace is running as smoothly as possible. Indian nonbillable employee Administrative Services (IAS) Officers are government officials/Bureaucrats assigned with the responsibility of handling the administration and daily proceedings of the govt.
learn more about nonbillable employee: https://brainly.com/question/28482379
#SPJ4
A work breakdown structure must be decomposed at least four levels in order to be effective. true false
A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE
By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.
A Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.
To learn more about Work Breakdown structure click here:
https://brainly.com/question/5775960
#SPJ4
Which matter is considered when calculating a country's balance of payments?
a. military expenditures
b. domestic inflation rates
c. foreign inflation rates
d. state unemployment
The matter that will considered when calculating a country's balance of payments is the military expenditures.
What is a balance of payments?This refers to the balance of international payments. This is athe statement of all transactions made between entities in one country and the rest of the world over a defined period such as during a month, quarter, year etc.
The balance of payments summarizes all transactions that a country's individuals, companies, government bodies complete with individuals, companies, and government bodies outside the country.
These balance of payments helps to measures the inflows and outflows of money from sectors such as tourism, foreign aid, military expenditures and foreign investments as well as flows resulting from exports and imports.
Hence, the matter that will considered when calculating a country's balance of payments is the military expenditures.
Therefore, the Option A is correct.
Read more about balance of payments
brainly.com/question/7536033
#SPJ1
_____ applications include the use of computers in office management, accounting, scheduling, and planning.
Administrative applications include the use of computers in office management, accounting, scheduling, and planning.
What is Administrative application?
An administrative application is one that the Director of the Petroleum Storage Tank Division submits to the Commission for an applicant who is unable or unwilling to do so in order to meet the Program's commitment to safeguard the public's health, safety, and welfare.An application that the agency deems to be simply administrative in nature is referred to as an administrative application.A request for an existing authorisation, such as a renewal, replacement, assignment, or transfer, is referred to as an administrative application.The majority of university students, teachers, and staff are the target audience for the production and operational assistance offered by the Administrative Applications Service for widely used applications.To know more about Administrative application visit:
https://brainly.com/question/28231773
#SPJ4
governments and nonprofit entities are similar in many ways. which of the following statements is not true?
The statement is true. Governments and nonprofit entities are similar in some ways.
Government organization surpass government and have a service motive. Where as Non-profit organization even have service motive to produce best servicers to each people. These both organization have a transparent no profit motive. Similarities in both the organizations are
Neither governments nor nonprofit entities have a profit motive. Both governments and nonprofit entities provide services. Both governments and nonprofit entities assess taxes. Both governments and nonprofit entities often report restricted resources.Therefor the statement is true that government and Non-profit organizations are similar in some ways.
Learn more about Non-profit organization.
https://brainly.com/question/26476622
#SPJ4
In project procurement management, which is an output of the conducting procurements process?
In project procurement management, which is an output of the conducting procurements process - change requests
Conducting procurement
Conducting procurement is a step in the procurement process that is defined as gathering replies from potential sellers, selecting a seller, and giving the contract to the chosen vendor. It is critical to remember that there are two roles involved in conducting procurement: buyer and seller. Thus, conduct procurement entails planning and directing operations such as bidder conferences, distributing bid packages to potential sellers, evaluating potential sellers, and finally selecting the sellers. This technique has the advantage of aligning stakeholder expectations through existing agreements.
To learn more about Conducting procurement
https://brainly.com/question/17183208
#SPJ4
What is the process of monitoring operating results and comparing actual results with the expected results?
Controlling exists the method of monitoring operating results and comparing actual results with the expected results.
What is meant by Controlling?Controlling is a management function that aids in obtaining desired results from employees at all organisational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.
Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.
Comparing actual performances with anticipated outcomes is controlling's most crucial task. Managers can then better grasp their strengths and areas for improvement as a result. With this knowledge, managers can make the most use of all resources and avoid wasting them.
Hence, Controlling exists the method of monitoring operating results and comparing actual results with the expected results.
To learn more about Controlling refer to:
https://brainly.com/question/28109846
#SPJ4
If a company purchases equipment costing $6,100 on credit, the effect on the accounting equation would be:_________
If a company purchases equipment costing $6,100 on credit, the effect on the accounting equation would be: an increase in assets and an increase in liabilities
What is accounting equation?
The accounting equation emphasizes that the assets of the company are all financed using its equity capital contributed by owners as well as liabilities, which are amounts borrowed from external parties.
In this case, purchase on credit means that the company indebted to an external party to the tune of $6,100 , in essence, its liabilities, claims on the company by external parties would increase, so also its assets because it has in its possession a new asset, equipment, to be precise.
Find out more about equipment purchase on:brainly.com/question/16341688
#SPJ1
Aligning the firm's philosophy with that of a potential channel partner would be identified in the channel strategy of ________.
Aligning the firm's philosophy with that of a potential channel partner would be identified in the channel strategy of "Character."
What is channel strategy?A channel strategy is a strategy used for a vendor to keep moving its product or services to the end buyer by utilizing the chain of commerce.
Some key points related to channel strategy are-
A product or service is moved from vendor to the customer via channel partners, according to the vendor's plan. Channels perform two distinct functions. One function is to sell a service or product while the other is to provide a customer experience. To sell goods and services, businesses employ a channel distribution strategy that encompasses both direct and indirect channels.A distribution channel strategy is the ideal method for promoting the products, facilities, and brand identity.For example, if you own a small business with simple as well as small products that don't require much support, such as a stationery shop, users can use simple digital and traditional marketing techniques. If, on the other hand, you run a brick-and-mortar store or another type of large manufacturing firm, you may require resellers and channel members to expand your sales channel strategy.To know more about the channel strategy, here
https://brainly.com/question/2176047
#SPJ4
The term __________ refers to a sales and operations plan that varies both production and inventory levels in an effort to develop the most effective plan.
The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.
What is mixed production plan?
The result of the production planning process is a document called a production plan that outlines how production processes will be carried out. It outlines the equipment, raw materials, and labor resources that will be required as well as the production schedule that will be adhered to. Production planning is the organisation of the manufacturing and production processes within a business or sector. To service various clients, it makes use of resource allocation for personnel activities, materials, and manufacturing capacity.
Both inventory and staff levels are subject to fluctuate during the planning horizon in a mixed strategy. The "chase" and "level" methods are therefore combined. If the expenses of keeping inventory and adjusting the workforce level are somewhat high, this will be a smart strategy. Typically, aggregate planning is done for a period of 12 months.
Employing temporary labor, letting staff go for a set amount of time, or cross-training personnel are a few examples of aggregate planning. This serves as a useful benchmark for assessing resource use and implementation.
Hence, The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.
To learn more about mixed production plan refer to:
https://brainly.com/question/25899399
#SPJ4
The ______ of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.
The answer is :- financial management.
The financial management of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.
What Is Home Equity?Home equity is the worth of a homeowner's financial stake in their house. In other words, it is the actual property's current market worth less any debts that are affixed to it.
As more mortgage payments are made over time and market forces affect the property's current value, the amount of equity in a home varies.
Home equity can refer to more than just a paid-off mortgage loan. Homeowners can borrow against this asset to cover crucial expenses like paying off high-interest debt or covering college costs. Due to the fact that borrowing against home equity is secured by equity, interest rates are frequently lower than those for credit cards and personal loans.
To know more about equity visit:
https://brainly.com/question/13278063
#SPJ4
all of the licensees at stone realty are attending an off site conference for the afternoon. the broker’s unlicensed assistant remained at the office to answer the telephone. during this time, helen barnes from tri-state realty called for information about a stone listing. what should the assistant do?
Stone Realty will be hosting a meeting for the whole of the day at a predetermined location, and all of its licensees are anticipated to be there.
The assistant to the broker, who did not possess a license, remained in the office in order to manage the incoming and outgoing phone calls.
At this time, Helen Barnes from tri-state realty called looking for information on a stone listing that was now available.
Helen must be given the information that she is demanding from the assistant in order for her request to be satisfied.
Who is an unlicensed assistant broker?There are a variety of tasks that must be completed by an unlicensed assistant broker.
In spite of this, it is essential for every broker to have a solid understanding of the differences between what a licensed assistant and an unlicensed broker are legally permitted to perform in order to stay out of legal hot water.
As a result, it is the assistant's responsibility to provide Helen with the information that she has requested.
learn more about broker:
brainly.com/question/28042297
#SPJ1
During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.
The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.
Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.
You can learn more about Unearned income here brainly.com/question/24280665
#SPJ4
_____ means that a proposed system will be used effectively after it has been developed.
Economic feasibility means that a proposed system will be used effectively after it has been developed.
Economic feasibility
The period of time when a break-even financial model of the business venture is developed based on all costs related to bringing the product from idea to market and achieving sales sufficient to satisfy debt or investment requirements is known as the economic feasibility step of business development.Why is economic viability so crucial?The value of the economy. The development of your initiatives depends on their economic viability. Through forecasts, this research enables you to see the possible return on investment in real time. You will find it simple to decide whether to move forward with the project in this way.To Learn more about Economic Feasibility, click the links.
https://brainly.com/question/27995102
https://brainly.com/question/14208774
#SPJ4
How many dollars an hour is the minimum a worker in the united states can be paid.
The bare minimum wage in the United States is $7.25 per hour.
What does minimum wage mean?
According to federal law, a minimum wage is the lowest salary an employee may be paid per hour. Nonexempt workers may not be offered a job or agree to work for less than the legally required minimum wage level for hourly compensation.
which state's minimum wage is the lowest?
The minimum wage in both Georgia and Wyoming is only $5.15. Employers in these states that are governed by the Fair Labor Standards Act, however, are required to pay their staff the $7.25 federal minimum wage. The same guidelines apply to Alabama, Louisiana, Mississippi, South Carolina, and Tennessee, the five states without a minimum wage.
Learn more about minimum wage with the help of the given link:
brainly.com/question/16499815
#SPJ4
The three services marketing are: internal, external and interactive.
a. true
b. false
It is a true statement that the three services marketing are: internal, external and interactive.
What is a services marketing?Basically, a marketing refers refers those activities a company undertakes to promote the buying or selling of a product or service. It includes the use of advertising, selling, and delivering products to consumers or other businesses; but some marketing are done by affiliates on behalf of a company.
However, the Services marketing refers to the form of marketing businesses that provide a service to their customers use to increase brand awareness and sales; it is categorized into an internal, external and interactive marketing.
Read more about marketing
brainly.com/question/25369230
#SPJ1
An individual’s right to do something may be restricted on the grounds that it runs counter to ""the good of society"" when the political system emphasizes.
A person's freedom to do something might be limited if collectivism is prioritised on the grounds that it is against "the good of society." The core idea of collectivism is that a society should be built on the principles of individual economic and political freedom.
What is Collectivism?
Any of a number of social structures known as collectivism view the individual as being subject to a larger social collectivity, such as a state, country, race, or social class. Individualism (q.v. ), which emphasises the rights and interests of the person, can be contrasted with collectivism.
Du contrat social, written by Jean-Jacques Rousseau in 1762 (see social contract), is the first contemporary, significant exposition of collectivist beliefs in the West. It makes the case that an individual may only achieve his true self and freedom by submitting to the "general will" of the society. Beginning in the early 1800s, German philosopher G.W.F. Hegel claimed that the nation-state, which to him was the purest manifestation of social morality, was the only place where an individual might achieve his full being and freedom. In the introduction to his Contribution to the Critique of Political Economy, Karl Marx later gave the clearest explanation of the collectivist perspective on the importance of social interaction: In his essay, he said that "men's social being dictates their awareness, not their consciousness itself."
To learn more about Collectivism
https://brainly.com/question/10403867
#SPJ4
A wave of mergers peaked between 1897 and 1904. the largest of these mergers created the first billion dollar american corporation. what was that corporation? group of answer choices
Based on the wave of mergers peaked between 1897 and 1904, the largest of these mergers created the first billion dollar American corporation is known to be option a. United States Steel.
What are mergers?Mergers are known to be a method that is used by companies to be able to expand their scope, widen into some new areas, or gain a lot of market share.
Note that a merger is seen as a kind of voluntary mix up of two companies on a good or equal terms into a single new legal entity.
Therefore, Based on the wave of mergers peaked between 1897 and 1904, the largest of these mergers created the first billion dollar American corporation is known to be option a. United States Steel.
Learn more about mergers from
https://brainly.com/question/14552064
#SPJ1
A wave of mergers peaked between 1897 and 1904. The largest of these mergers created the
first billion dollar American corporation. What was that corporation?
a. United States Steel
b. Standard Oil
c. General Electric
d. American Tobacco
During the period from 1865 to 1900, disputes between labor and business owners were sometimes marked by.
During the period from 1865 to 1900, disputes between labor and business owners were sometimes marked by use of violence by both sides.
What is disputes?Disputes refers to the conflict among the parties with regard to the disagreements or disapproval in certain things or the situations.
During 1865 to 1900 many major events took place such as Membership in unions dropped, Workers relocated to remote areas, The majority of industrial positions were converted to service industry occupations etc.
Therefore, it can be concluded that disputes between workers and property leaders were occasionally distinguished by the use of violence by both sides between 1865 and 1900.
Learn more about disputes here:
https://brainly.com/question/27705637
#SPJ4
The process of ________ increases the range of stimuli to which a cr will be made, while ________ decreases, or narrows, the range of stimuli to which a cr will be made.
The method of stimulus generalization increases the variety of stimuli to which a car might be made, whilst stimulus discrimination decreases, or narrows, the variety of stimuli to which a car may be made.
A stimulus is whatever may trigger a physical or behavioral alternate. The plural of stimulus is stimuli. Stimuli can be outside or inner. An instance of external stimuli is your frame responding to medicine.
In psychology, a stimulus is any item or occasion that elicits a sensory or behavioral response in an organism. in this context, a distinction is made between the distal stimulus and the proximal stimulus.Stimuli is a detectable exchange inside the internal or external surroundings. That which affects or causes a temporary boom of physiological activity or response inside the complete organism or in any of its parts. excited via three varieties of stimuli—mechanical, thermal, and chemical; a few endings respond by and large to 1 form of stimulation, whereas different endings can come across all kinds.
Learn more about stimulus here:
https://brainly.com/question/670137
#SPJ4
The change-of-base property for logarithms allows a logairthm with base b to be written in terms of a new base a. introducing base a, the property states that:__________
LogbM = LogM/logB. b^M=b^N is stated by property which shows The change-of-base property for logarithms allows a logarithm with base b to be written in terms of a new base a. introducing base a
What is the logarithm of change of base property ?
b=alogab
x=blogbx
Substituting,
x=(alogab)logb x=alogablogbx
Taking logarithms base a of both sides,
logax=logablogbx
That’s one form of the change of base. Alternatively,
logbx=logaxlogab
Sort it out by remembering that the smaller the base the larger the magnitude of the logarithm of the same quantity.
So for example if x>1, then
log2x>log8x
To know more about logarithms check the link below : https://brainly.com/question/12049968
#SPJ4
You want to buy a house and will need to borrow $265,000. the interest rate on your loan is 6.01 percent compounded monthly and the loan is for 20 years. what are your monthly mortgage payments?
$1,900.07 are your monthly mortgage payments. As the interest rate on the loan is 6.01 percent compounded monthly and the loan is for 20 years.
What is interest rate?An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan.
For instance, a person's repayment to the lender will be $105 if person borrow $100 at 5% interest. Lender will profit by $5. The interestd rate is calculated.
Thus, it is $1,900.07.
For more details about interest rate, click here:
https://brainly.com/question/13324776
#SPJ1
You bought 1,000 shares of tund corp. stock for $68.12 per share and sold it for $90.03 per share after a few years. how will your gain or loss be treated when you file your taxes?
The gains that I have from the stocks will be taxed as capital gains according to the long-term tax rate.
Brief explanation of capital gains.The term capital gain refers to the increase in the value of an asset when it is sold In simple terms, capital gains occur when you sell an asset for more than you paid initially.
Capital gain is realized when you sell an asset by subtracting the original purchase price from the selling price. The Internal Revenue Service (IRS) taxes individuals on capital gains under certain circumstances.
What are long-term capital gains and how much tax is levied on them?Long-term capital gains arising from assets held for more than one year prior to disposal.
A long-term capital gains tax is a tax levied on profits from the sale of an asset held for more than one year (also known as a long-term investment). The long-term capital gains tax rate is 0%, 15%, or 20% depending on your taxable income and filing status. In general, they are lower than short-term capital gains tax rates.
To know more about capital gains visit:
https://brainly.com/question/24228835
#SPJ4
The complete question is: "You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years. How will your gain or loss be treated when you file your taxes?
a. As a capital gain taxed at the long-term tax rate
b. As a capital gain taxed at the current ordinary-income tax rate
c. As a capital loss deducted from taxable income in the year that the loss is realized
d. As a capital loss taxed at the long-term tax rate."
True or false: a transaction can cause one asset to increase and different asset to decrease and still have the accounting equation balance.
A transaction can cause one asset to increase and a different asset to decrease and still have the accounting equation balance. True, the given statement is correct.
A=L+SE does not require transactions to cross the equal sign. It is possible to swap one asset for another while keeping the balance. Total assets, total liabilities, and stockholders' equity all stay the same.
What is an accounting equation?The accounting equation is a cornerstone of balance sheet construction and a fundamental accounting principle. The formula reads as follows:
Assets equal liabilities plus stockholder equity.
The structure of the balance sheet is highlighted by this equation, which also lays the groundwork for double-entry accounting, also known as double-entry bookkeeping. Every transaction has an impact on at least two accounts in a double-entry accounting system.
To keep the accounting equation balanced, a rise in an asset account, for instance, could be matched by an equivalent increase in a related liability or shareholder equity account. Alternatively, a decline in one asset account can be matched by a corresponding rise in another. When performing journal entries, it's crucial to remember the accounting equation.
Thus, the Accounting equation involves Assets and Liabilities.
For more information on Accounting equations, refer to the given link:
https://brainly.com/question/14689492
#SPJ4
Insurance companies may initially cover the costs for collisions but the costs are then?
Damage you create is covered by liability insurance, and damage to your car is covered by collision insurance.
What is an insurance?A risk management tool is insurance. When you buy insurance, you get protection against unanticipated financial losses. If something unfavorable occurs, the insurance provider compensates you or a different person of your choosing. If an accident occurs and you don't have insurance, you may be responsible for paying all costs.
Insurance coverage can be used to cover expenses like medical bills, car repairs, business losses, and unplanned trips. Life insurance and general insurance are the two primary subcategories of insurance protection. General Insurance can be further broken down into subcategories that compile various types of coverage.
To learn more about insurance from the given link:
brainly.com/question/27822778
#SPJ4
Which is a good example of differentiated instruction? giving every student a different subject area goal to work toward teaching students in several different grades at the same time requiring students to come up with many ways to solve the same problem assigning a project but letting students complete it any way that they want
Differentiating instruction may entail having the teacher offer lessons at various degrees of difficulty depending on the aptitude of each student, or it may entail presenting the same topic to all students using a range of instructional methodologies.
Differentiation refers to modifying instruction to accommodate student requirements. This approach to instruction is effective because it uses ongoing evaluation and flexible grouping, regardless of whether teachers differentiate material, process, products, or the learning environment. The concept of differentiated teaching has its origins in the one-room schoolhouse era, when all pupils, regardless of age, were taught in the same classroom by the same instructor. Children of the same age were thought to study equally as the educational system changed to graded schools.
To learn more about differentiated instruction here
https://brainly.com/question/22011442
#SPJ1
Why is it important to track your income and your expenses?
because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
because knowing whether you can afford your lifestyle or not is the only goal of financial literacy
because you need to by law
because your income will tell you how much money you can save
It is important to track your income and your expenses: A. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy.
What are financial planning skills?Financial planning skills can be defined as the ability of an individual to determine the most appropriate (best) financing and investing activities for himself or herself, or a business firm after evaluating all available options.
What is financial literacy?Financial literacy can be defined as the ability of an individual to understand and use various financial skills, as well as investing, budgeting, and personal financial management, in order to be able to make most appropriate (best) financing and investing decisions.
Also, the first goal of financial literacy is for an individual to know and understand whether or not he/she can afford his or her lifestyle.
In this context, we can reasonably infer and logically deduce that it is important to track your income and your expenses: A. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy.
Read more on financial literacy here: https://brainly.com/question/2537372
#SPJ1
Answer:
1. the Finance Bar
2. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
3. cryptocurrency
4. your needs
5. your family priorities
6. movie tickets
7. -paying off a credit card
-saving for college
8. a payment to repair a car bumper after a collision
9. 26
10. Borrowing more than you can pay back, or borrowing more than is necessary.
11. A person's FICO score is 800 or more.
12. Increase the APR to 24% or higher and charge a late fee.
13. wire transfer
14. A and C
15. Deposits made after the closing date of the statement should be added to the closing balance of the statement.
16. "profit and loss (P&L) statement"
17. -billing costs
-commissions
18. No, early withdrawal of 401(k) money will incur a penalty.
19. Take-home pay exceeds spending.
Explanation: I took the Personal Finance Unit Test
The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use
TRUE, the cost of a plant asset includes depreciation expense disposal cost purchase price cost to prepare it for use.
The monetary value of an asset decreases over the years because of use, wear and tear or obsolescence. This lower is measured as depreciation. Description: Depreciation, i.e. a lower in an asset's cost, can be as a result of some of other factors as nicely including detrimental market conditions, and so on.
Depreciation represents the predicted discount in cost of a hard and fast property within a fiscal yr. Tangible belongings, along with homes, systems, cars and so forth, are purchased in massive lump sums.
An example of Depreciation – If a shipping truck is purchased by using a business enterprise with a fee of Rs. 100,000 and the expected usage of the truck are five years, the commercial enterprise may depreciate the asset under depreciation cost as Rs. 20,000 every 12 months for a duration of 5 years.
Learn more about depreciation here:https://brainly.com/question/1203926
#SPJ4
Answer: Purchase price and the Cost to prepare it for use. That is the correct answer.
Explanation: The cost of a plant asset includes all necessary and reasonable expenditures to acquire it and prepare it for its intended use.
Identify examples of consumer protections implemented by the federal government.
The following are some examples of consumer protection laws:
Fair Credit Reporting Act,
Federal Securities Act,
Dodd-Frank Act
Which Laws Protect Consumers?
To shield people from unethical commercial practices, there are regulations that protect consumers.
Consumer protection laws are designed to shield customers against dishonest corporate tactics, subpar goods, and potentially harmful products and services. They contribute significantly to a stable market economy, which is governed by both state and federal legislation. Although the free market's guiding principle used to be "buyer beware," these laws help keep vendors honest because there is no risk of unpleasant shocks.
Our protection from these kinds of problems is provided by consumer protection legislation. We should therefore become familiar with the more prevalent consumer protection regulations.
to know more about Consumer protection laws
https://brainly.com/question/14952903
#SPJ4
Which of the four basic financial statements is best represented by the fundamental accounting equation?.
Balance Sheet is best represented by the fundamental accounting equation.
A date, an entry to the account that is debited first, and then an entry to the account that is credited should be included in every journal entry.
What Is the Accounting Equation?The entire assets of a corporation are equal to the sum of its liabilities and shareholders' equity, according to the accounting equation.
The basic idea behind the double-entry accounting system is that assets, liabilities, and equity have a clear relationship with one another. The balance sheet is kept in balance thanks to the accounting equation. In other words, every debit entry has a corresponding credit entry (or coverage) on the other side of the ledger.
The balance sheet equation or fundamental accounting equation are other names for the accounting equation.
To learn more about accounting equation from given link
https://brainly.com/question/24401217
#SPJ4