according to gaap which method should be used to record the acquisition of a fixed asset
According to gaap, the method that can be utilized in recording the acquisition of a fixed asset is Cost method.
In GAAP , the one method that is notable and accurate in recording a fixed asset is the cost method. The cost method can be regarded as method utilized in recording the acquisition cost of the fixed asset as well as the costs of bringing the fixed asset to the condition that is needed for it to be used as well as the required location.Therefore, cost method helps in recording acquisition of a fixed asset .
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Thinking about your office or college, what types of
information are conveyed through the grapevine? How
often is the information accurate?
Answer: I would experience a lot of cluster chains speaking on if someone was in trouble. An employee would be called to the back office if they were either in trouble or getting a promotion.
Explanation:
optimistic people view challenges as opportunities to influence decisions.
Answer:true
Explanation:true
which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?
The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.
Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.
Price ceiling serves as a tool to prevent the producers from exploiting the consumers.
The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.
Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.
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Explain supply and demand. Provide an example or real life scenario
These are examples of how the law of supply and demand works in the real world. A company sets the price of its product at $10.00. No one wants the product, so the price is lowered to $9.00. Demand for the product increases at the new lower price point and the company begins to make money and a profit.
what characterizes developing economies? check all that apply.
Explanation:
Explanation: What characterizes a developing economy is the rapid pace of GDP and improved social indicators such as rising living standards and the rise of the middle class. GDP will be accelerated as production in the country increases.
How would a two percent rise in interest rates most likely affect new housing?
A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.
As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.
Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.
Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.
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a monopoly is a market structure that is characterized by
Answer:
Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. ... All these factors restrict the entry of other sellers in the market.
Explanation:
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Blushing Co. had Total Assets of $105,000, which included Cash of $30,000, Accounts Receivable of $15,000 Merchandise Inventory of $60,000. Blushing also had Total Liabilities of $95,000, which included Current Liabilities of $60,000. Blushing's acid-test ratio equals:
The Acid-test ratio of Blushing Co,. is 1.25.
Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.
Acid test ratio = (current asset - inventory) / current liabilities
Current assets - inventory = $105,000 - $60,000 = $45,000Current liabilities = $60,000 Acid-test ratio = $45,000 / $60,000 = 0.75A similar question was answered here: https://brainly.com/question/13972407
A trading company acts like a ______, taking on much of the responsibility of finding markets while facilitating all marketing aspects of a transaction.
nathalie, customer relations manager at digital media, inc., must inform her clients of a 15 percent price increase for all services. in doing so, she should be sure to
When informing her customers of a 15% price increase on all services, customer relations manager Nathalie must be sure to offer customers money-saving options such as bundled services or choosing less comprehensive plans.
Communicating a price increase can be perceived by customers as bad news, as it can affect their budget if they are not prepared to overspend on a digital media service.
Indirect communication is also positive when delivering bad news, as it can first focus on positive argumentation to soften a fact, such as demonstrating that the change will bring the following benefits:
Higher quality of service.Faster delivery.Customization.Therefore, when communicating not-so-positive news to customers, manager Nathalie should seek to soften the impact of the news by emphasizing options for cheaper service, packages and plans so that she can keep her customers.
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Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage
which one of the following is a primary market transaction?
Research on performance appraisal suggests a. performance appraisal ratings are usually used only for feedback purposes. b. employees are always well aware of the basis for their evaluations. c. as organizations become flatter, there is less need for multiple appraisal perspectives like those of peers, customers and subordinates. d. feedback is most effective if it immediately follows high or low performance.
Research on performance appraisal suggests "feedback is most effective if it immediately follows high or low performance."
Generally, the performance appraisal is conducted for some major reasons such as :
To give reasonable feedback to each of the employees on their performance; To form the yardstick to alter employers' attitude towards effective performance. To give equip managers with the necessary information to appraise subsequent job assignments.Hence, in this case, it is concluded that the research appraisal feedback is most effective if it immediately follows high or low performance.
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Acme, Inc.'s books show an ending cash balance of $10,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,000; deposits in transit of $2,000; NSF check of $100; and interest earned on the bank account of $10, the company's up-to-date ending cash balance equals ______.
The company's up-to-date ending cash balance equals $9,100.
Here, we are preparing company's up-to-date ending cash balance through reconciliation format.
Balance as per bank $0 Balance per books $10,000
Add: Deposit in transit $2,000 Add: Bank collection $0
Less: Outstanding checks $3,000 Add: Interest revenue $10
Adjusted bank balance $9,110 Less: Service charges $100
EFT and NSF checks
$10,110 Adjusted book balance $10,110
Therefore, the company's up-to-date ending cash balance equals $9,100.
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Researchers recruited participants for a wine tasting study that included a variety of wines in terms of style and price. The participants tasted a series of wines in a random order. Participants could look at the bottle for each wine so they could take its price and label information into account as they tasted and rated each wine. The participants rated the more expensive wines significantly better tasting than the less expensive wines. The researchers carrying out the study conclude that more expensive wines taste better.
Required:
What is a confounding variable that makes their conclusion inappropriate?
Answer:
The lack of blinding
Explanation:
Seeing the price of each wine is a confounding variable. The participants might already think that expensive wines will taste better than cheaper wines.
Head Time is a local salon that requires all its stylists to graduate from a recognized hairstyling institute and pass the state licensing examination prior to joining work. Due to strict customer service requirements and potential lawsuits resulting from inadequate knowledge regarding the use and care of certain chemicals and solutions, this business can clearly justify its hiring criteria ________.
Answer:
educational
Explanation:
the efficient markets hypothesis says that beating the market consistently is
Answer:
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Explanation:
On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $55,400. During 2021, $93,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $45,500. Insurance expense for 2021 was:
Based on the amount paid for insurance and the prepaid balance, Coolwear Inc. probably had an insurance expense of $102,900.
The insurance expense of the year can be calculated as:
Closing prepaid insurance = Opening prepaid insurance + Amount paid for insurance - Insurance expense
Solving will give:
Insurance expense = Opening prepaid insurance + Amount paid for insurance - Closing prepaid insurance
= 55,400 + 93,000 - 45,500
= $102,900
In conclusion, insurance expense was $102,900.
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the erie canal connected industry and consumers in the east with what group?
The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.
The Erie Canal:
Was completed in 1825Connected New York City and the Great Lakes Allowed for goods to be shipped to and from the New York to the Great LakesThe Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.
In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.
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Options for this question include:
a. Southern planters
b. Canadian fur traders
c. Midwestern farmers
d. New England fishers
the country of doomsville is currently in a recession. the government of doomsville, in an effort to maintain its tax revenues in a time when incomes are falling, decides to increase the tax rate. would this policy help or hurt the recession?
Answer:
This policy would likely make Doomsville's recession worse.
Explanation:
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Which of the following statements demonstrates intrinsic motivation?
a.
I traveled to Mexico to learn about my family's history.
c.
I joined the science club to make my parents happy.
b.
I work extra hours at my boring job to make extra money.
d.
I help out at a bake sale, so that I may recieve a pie afterwards.
Answer:
A
Explanation:
What is something that quantitative research won't tell you?
A. A company's annual earnings
B. A company's stock performance over the past five years
C. How happy a company's employees are
D. When a company went public
The findings that quantitative research won't tell you is "When a company went public."
This is because quantitative research measures the situation in value using numbers analysis
Usually, quantitative research analyzes numerical data to conclude.
Options A, B, and C can be measured on numerical scales, in which the conclusion can be reached.
However, option D is just a date; it cannot be analyzed with quantitative research analysis.
Hence, in this case, it is concluded that the correct answer is option D. "When a company went public."
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Answer:
c
Explanation:
took the test
to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.
When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage.
In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.
Competitive advantage of a firm entails an attribute which enables a company to outperform its competitors such as Increasing customer-base over other firms.
Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.
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Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or having another staff person do so. What are key things to look for?
a) Is the quality up to your standards?
b) Damaged and unsellable items
c) is anything missing from the invoice?
d) Incorrect items
e) All of the above
Answer: e) All of the above
Explanation:
what is the cumulative effect of the inventory error on total gross profit for the 2 years?
Answer:
its lower gross profit under the LIFO then the methode FIFO
Explanation:
how much should a single person spend on groceries?
Answer:
175$-348.80$
Explanation:
sorry if you get the answer wrong .
Answer:
200-300 I guess beacuse we should fulfill our all needs. Not to starve ourself.
Explanation:
Eat everything you like
withdrawn rs 1000 on a permanent basis out of capital.
Answer:
withdraw a/c...........Dr 1000
To cash a/c 1000
Explanation:
X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)
Answer.
Explanation.
20 Characters long
One characteristic of the United States Foreign Corrupt Practices Act is that it: ____________
a. applies to only international transactions that occur within the territorial borders of the United States.
b. is an attempt to support U.S. businesses by exporting U.S. values that indirectly aid business.
c. clearly stipulates terminology and behavior that is illegal on the part of U.S.
d. businesses and foreign business operating in the United States.
e. includes uncertainties such as terminology, definitions, accounting standards, and behavior standards.
One characteristic of the United States Foreign Corrupt Practices Act is that it clearly stipulates terminology and behavior that is illegal on the part of U.S
United States Foreign Corrupt Practices Act was set up in 1977. It helps to
serve as a guide to know the legal and illegal behavior expected of
individuals by the USA.
Example of illegal behavior by the Act includes offering bribes for favor to gain business deals, keeping to agreements etc.
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