testing for possible impairment of a long-lived asset (asset group) that an entity expects to hold and use is required

Answers

Answer 1

Testing for possible impairment of long-lived assets is a mandatory requirement to ensure the accuracy of financial reporting and to reflect the true value of assets held and used by an entity. It helps in maintaining transparency and reliability in financial statements.

Under the accounting standards, such as International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP), entities are required to test for possible impairment of long-lived assets (or asset groups) that they expect to hold and use. This requirement ensures that the carrying value of the assets is not overstated in the financial statements.

Impairment testing involves comparing the carrying value of the asset (or asset group) with its recoverable amount. The recoverable amount is the higher of the asset's fair value less costs to sell and its value in use. If the carrying value exceeds the recoverable amount, it indicates that the asset is impaired, and an impairment loss needs to be recognized.

The purpose of impairment testing is to assess whether the carrying value of the asset is still recoverable and reflects its current value in the market. It helps in providing relevant and reliable information to the users of financial statements regarding the financial position and performance of the entity.

To know more about financial reporting, visit

https://brainly.com/question/26240841

#SPJ11


Related Questions

The term effectiveness of clinical care can be addressed with which of the following questions?
A. Are the right things done?
B. Are things done right?
C. What are the right things to do?
D. Was the clinical procedure done correctly?
E. None of the above

Answers

To address the term effectiveness of clinical care, you can consider the following question: B. Are things done right?

This question focuses on the proper execution of clinical procedures and practices, ensuring that they are performed correctly to achieve the desired outcomes.

Effectiveness of clinical care refers to the extent to which healthcare interventions and treatments achieve their intended outcomes and goals. This question addresses whether the appropriate actions are being taken to achieve the desired results in clinical care. It focuses on whether the correct treatments, interventions, and practices are being employed to provide the best possible care to patients.

Addressing the effectiveness of clinical care is a crucial aspect of healthcare delivery. It involves assessing the impact and outcomes of various interventions and treatments to ensure that patients receive the best possible care. While all the options listed in the question can be relevant in different contexts, the question "Are the right things done?" specifically emphasizes the importance of ensuring that appropriate actions are taken in clinical care.

Therefore, the correct answer is option B.  Are things done right?

Learn more about healthcare here: https://brainly.com/question/1941778

#SPJ11

1.Which of the following is true about Herzberg's two-factor theory?
1 point
To motivate people, Herzberg suggested emphasizing the hygiene factors of a job.
believed factors that led to job satisfaction were the same as those that led to job dissatisfaction.
removing dissatisfying characteristics from a job will invariably make that job more satisfying and motivating.
Herzberg's theory has influenced how we currently design jobs.
2.Customer departmentalization is best suited to organizations that have a few extremely large customers or that serve diverse groups.
1 point
True
False

Answers

The first statement is true about Herzberg's two-factor theory, which suggests emphasizing the hygiene factors of a job to motivate people. The second statement requires further clarification.

Herzberg's two-factor theory proposes that there are two sets of factors that influence job satisfaction and dissatisfaction. The hygiene factors, such as salary, working conditions, company policies, and interpersonal relationships, are essential to prevent job dissatisfaction but do not directly lead to job satisfaction.

On the other hand, the motivator factors, such as recognition, growth opportunities, challenging work, and responsibility, contribute to job satisfaction and motivation.

The statement that Herzberg suggested emphasizing the hygiene factors of a job to motivate people is true. By addressing hygiene factors and ensuring a positive work environment, organizations can minimize dissatisfaction but not necessarily increase motivation.

The second statement regarding customer departmentalization requires more context to provide an accurate response. Customer departmentalization is a form of organizing employees based on the specific customers they serve.

It is typically employed in organizations that have a few extremely large customers or serve diverse customer groups. Without further information, it is not possible to determine if the statement is true or false.

Learn more about Herzberg's two-factor theory here :

https://brainly.com/question/28895947

#SPJ11

What must be done if a transaction increases the left side of the accounting equation?

Answers

Answer:

Explanation:

Neje

State the accounting equation? What must be done if a transaction increases the left side of the accounting equation? If the left side of the accounting equation increases, the right side must increase as well.

Max is using a search engine to do research on trends in his industry when he comes across a website that isn’t necessarily related to his research–but is interesting and engaging. Without realizing it, Max spends over an hour browsing through the webpage’s numerous articles and links. When his boss asks him if his research report will be ready by the end of the day, Max isn’t sure how to respond. He’s hardly done any work–but it’s not like he was purposely avoiding work. He was using the search engine for the purpose of research, after all. It’s not his fault that the search results weren’t very relevant. Max is considering asking his boss for an extension on his deadline so that he can spend more time researching. What do you think? What should Max do?

Answers

In this situation, Max has to first give his boss some advance notice that he wont be able to complete the report before deadline, explain himself briefly as to why that is, then ask for more time to be able to complete the task.

What is a deadline?

A deadline indicates that a task or project is anticipated to be finished by that date and time. There is a clear expectation of what must be provided and by when thanks to deadlines. Employees are able to take charge of their work in this way and include deadlines into their time management techniques.

It's critical to schedule deadlines in advance because your work may be delayed. Recognize that some resources might be delayed and that some people might not be available. You may prevent the disaster of missing a deadline by making plans in advance.

Deadlines are crucial in business for a variety of reasons. They establish standards and encourage productive behavior in the workplace.

Learn more about deadlines here https://brainly.com/question/14312055

#SPJ1

Which sentences in the passage show how diversity in the workplace is handled correctly?

Jack is a manager in a multinational firm. He is generally known to create teams with people from diverse backgrounds so that they all get to work together. Sometimes these members are from the different parts of the globe. His colleague, Karen, assigns challenging projects only to people who understand English. Jack also motivates all his team members to be tolerant and considerate with people from different cultural backgrounds. However, Karen prefers to work with the younger generation more than people over 40 as older people are generally resistant to changes in the organization.

Answers

Answer:

Jack motivates all his team members to be tolerant and considerate with people from different cultural backgrounds

4. For what purposes might a worker need to fill out a Form 4070A?​

Answers

Answer:

Employees use Form 4070A to keep track of the tips they receive from customers and report the total to their employer each month. Workers should also record the total amount of tips they paid to other employees and the names of employees to whom the tips were paid.

When jobs returned to apple in 1997, he reduced apple’s offering to how many products?.

Answers

Jobs cut all of the desktop models—there were fifteen—back to at least one. He cut all transportable and hand-held models back to at least one laptop computer.

He fully cut out all the printers and alternative peripherals. When Steve Jobs returned to Apple in 1997, his 1st action was reducing quite the ninetieth of Apple products. Moving forward, Jobs' strategy was to provide solely four products: one desktop and one transportable device aimed toward each customer and professional.

Jobs quickly cast employee alliances with Apple's erstwhile foe,  Amelio's Mac-clone agreements, and simplified the company's line.

To learn more about apple products, visit here

https://brainly.com/question/13949756

#SPJ4

Assignment Purposes/Learning Outcomes:

After completion of Assignment-1 students will able to understand the

LO 1.1: State the concept of management functions, roles, skills of a manager and the different theories of management.

LO 3.2: Demonstrate organization’s role in ethics, diversity, and social responsibility.

Assignment-1

Please read the case "Who’s to Blame for the College Admissions Scandal?" given on Page number 112, Chapter 3– "The Manager’s Changing Work Environment and Ethical Responsibilities" available in your textbook/e-textbook "Management: A Practical Introduction" 10th edition by Angelo Kinicki, & Denise B. Soignet and answer the following questions:

QUESTIONS

Q1. What is the underlying problem in this case from the perspective of federal government, the parents, and the prospective college students? (3 Marks)

Q2. Why do you think the parents were willing to play such a significant and risky role in their kid’s college admissions? (3 Marks)

Q3. How do you think the general environment, particularly economic, demographic, international and sociocultural forces, fed into the admissions scandal? (3 Marks)

Q4. Are the children who were aware of the cheating scheme purely victims in this situation, or should they also be considered unethical? Explain your answer using one of the four approaches to deciding ethical dilemmas. (3 Marks)

Q5. Based on what you have learned about Rick Singer, his involvement, and his decision to cooperate in the investigation, where would you place his level of moral development? Explain your answer. (3 Marks)

Answers

1, students will be able to understand the following learning outcomes:
LO 1.1: State the concept of management functions,

roles, skills of a manager, and the different theories of management.
In order to answer the questions related to the case "Who's to Blame for the College Admissions Scandal?" on page 112 of the textbook "Management:

A Practical Introduction" 10th edition by Angelo Kinicki and Denise B. Soignet, you need to read the case and provide answers to the following questions:

Q1. What is the underlying problem in this case from the perspective of the federal government, the parents, and the prospective college students?
Q2. Why do you think the parents were willing to play such a significant and risky role in their kid's college admissions?
Q3. How do you think the general environment, particularly economic, demographic, international, and sociocultural forces, fed into the admissions scandal?
Q4. Are the children who were aware of the cheating scheme purely victims in this situation, or should they also be considered unethical? Explain your answer using one of the four approaches to deciding ethical dilemmas. (3 Marks)
Q5. Based on what you have learned about Rick Singer, his involvement, and his decision to cooperate in the investigation, where would you place his level of moral development?

Please provide your answers to each of these questions based on your understanding of the case and the concepts discussed in the textbook.

To know more about management visit:

https://brainly.com/question/32012153

#SPJ11

Assume you are risk-averse and have the following three choices. Expected Value Standard Deviation A $ 2,730 $ 970 B 2,300 1,820 C 1,780 930 a. Compute the coefficient of variation for each. (Round your answers to 3 decimal places.) b. Which project will you select? Project B Project C Project A

Answers

a. The coefficient of variation for Project A is 0.355, for Project B it is 0.791, and for Project C it is 0.522. b. As a risk-averse person, we would select Project A because it has the lowest standard deviation and coefficient of variation, indicating that it is the least risky option.

To calculate the coefficient of variation for each project, we divide the standard deviation by the expected value and express it as a percentage.

The coefficient of variation for Project A is 970/2,730 = 0.355 or 35.5%. The coefficient of variation for Project B is 1,820/2,300 = 0.791 or 79.1%. The coefficient of variation for Project C is 930/1,780 = 0.522 or 52.2%.

As a risk-averse person, the best choice would be the project with the lowest risk, which in this case is Project A since it has the lowest standard deviation and coefficient of variation. This means that Project A has the most predictable returns, making it the least risky option.

To know more about coefficient of variation, refer here:
https://brainly.com/question/13293164#
#SPJ11

What is the advantage of renting the apartment over buying a home? Check all that apply. Repairs and maintenance costs are not Sasha's responsibility. Utilities, such as electricity and water, are included in Sasha's rent payment. Sasha's up-front costs will be lower, allowing her to keep her savings. Sasha's monthly costs will be lower. Sasha will make money if the value of the apartment increases.

Answers

Answer:

Repairs and maintenance costs are not Sasha's responsibility.

Sasha's up-front costs will be lower, allowing her to keep her savings.

Sasha's monthly costs will be lower

Explanation:

The advantage of renting the apartment over buying a home are that:

• Repairs and maintenance costs are not Sasha's responsibility - The repair and maintenance cost goes to the home owner and not Sasha since she just rented the house. The owner who bought the house bears the cost.

• Sasha's up-front costs will be lower, allowing her to keep her savings. - Her upfront cost will be lower and she can use the money which might have been used for house repair or maintenance to do other things.

Sasha's monthly costs will be lower - There'll be also be a reduction in the amount she spends every month.

The other options such as "Sasha will make money if the value of the apartment increases". and "Utilities, such as electricity and water, are included in Sasha's rent payment" aren't advantages of renting the apartment.

Answer:

Answers 1, 3, and 4.

Explanation:

Option 1: Repairs and maintenance costs are not Sasha’s responsibility.

Option 3: Sasha's up-front costs will be lower, allowing her to keep her savings.

Option 4: Sasha's monthly costs will be lower.

4. You are about to graduate from the MBA program of a leading university. You specialized in management information systems (MIS) and will start a job with a company that commercially develops Web pages. You own a personal computer that is a couple of years old. You have decided to sell it and buy new equipment later after you see what kind of projects your employer has you working on. So you post a flyer on campus bulletin boards about the computer for sale. You have decided not to tell prospective buyers that you hand drive acts as its about to fail and that the computer occasionally crashes without warning. Is this ethical? Would you be likely to do this if you were this particular student?

Answers

Answer:

No, this is not ethical.

Explanation:

Ethics is moral principle which governs a person. A person is ethical if he considers benefit for others and his acts or thoughts does not harm anyone. In the given scenario the person is trying to sell his old computer which has many issues. These are not listed in the flyer. If the person does not want to list the issues then he must tell to specific buyer when he comes to buy the computer. He must tell all the faults and problems to the potential buyer.

_____ relates to the learner's decision regarding what information to attend to, how to remember, and how to solve problems.

Answers

Cognition relates to the learner's decision regarding what information to attend to, how to remember, and how to solve problems.

Cognition refers to the mental processes and abilities involved in acquiring, processing, storing, and using information. It involves attention, perception, memory, problem-solving, and decision-making. Cognition is important for learning and development, as it allows individuals to understand, process, and apply new information and skills.Cognitive processes can be influenced by various factors, including motivation, interest, prior knowledge, learning style, and environmental factors. Effective instructional design and teaching strategies take into account the cognitive processes involved in learning and aim to support learners in acquiring and using new knowledge and skills.

Learn more about mental here:https://brainly.com/question/26522940

#SPJ11

HELPPP How would entrepreneur apply comfort with risk when developing a product or service ?

Answers

test the product before it launches

Answer:

Testing and responses help

Explanation:

ask for feedback from testers

All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of each maturity must be disclosedB spread must be disclosedC participation amount of each underwriter must be disclosedD customer must be sent a copy of the Official Statement, if available

Answers

Answer:

D

Explanation:

customer must be sent a copy of the official statement, if available

please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.

Answers

a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:

Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.

b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.

To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.

Learn more about business, here https://brainly.com/question/15826604

#SPJ4

How would you describe the role of professionalism in writing these types of messages? Which type of message do you think poses the greatest challenge to a writer? Why?

Answers

Answer:

In business, being requested to write a business communication of some type can feel like “one more work assignment.” It is tempting to quickly jot and send that email or letter. However, by doing so, employees may miss the opportunity to help their company do more–and miss the opportunity for advancement. Crafting messages correctly is perhaps the single best way to polish your company’s and your own image.

Focusing the communication effort on the message’s receiver results in business objectives quickly achieved, and growing writer credibility. The results are subtle but the impact is large.

This section begins with two keys to success in business communication: audience and purpose.

A role in professional writing would be a political writer who writes speeches for the president or someone else who is important.

Why is professionalism important in writing?

The biggest and most important reason for the value of professional writing is that it guarantees your papers' main points are correctly communicated to the target reader.

When asked to create a business communication of any kind, it might feel like "just another work assignment," and it is tempting to hurriedly scribble out and submit that email or letter.

However, by doing so, employees may miss out on opportunities to help their firm achieve more—and therefore miss out on development. Correctly crafting communications is likely the single most effective strategy to improve your company's and your own image.

Focusing communication efforts on the message's receiver leads to faster achievement of corporate goals and increased writer credibility. The effects are slight, but significant.

Therefore, it can be concluded that this section begins with two essential elements of corporate communication success: audience and purpose.

Learn more about professionalism here:

https://brainly.com/question/14353881

#SPJ2

When should a firm consider expanding from strictly domestic trade to international trade? When should it consider becoming further involved in international trade? What factors might affect the firms desicions in each case?

Answers

Answer: When they begin to get trades beyond how their previous annual turn over and international requests

Explanation:

Many businesses start from homes due to they can't afford to pay or rent a property yet while run their business. Businesses have different methods of operation, while some operate strickly domestically, others might want to either sell domestically too or do same alongside internationally.

A company can begin expanding or considering international trade on it's sales when they begin to receive large recommendation and request internationally.

The factors that might affect most cases always be fear and cost related. Fear of being kicked out of the market by competitors and cost in the sense of competitors beating his prices to give them a challenge.

Any firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.

Normally, a company can begin expanding its scale on international trade when they begin to receive large recommendation and request internationally.

Also, some of the factors that might affect them includes operation cost, trade barrier, competitors etc, in the international market etc

However, a firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.

Read more about domestic trade

brainly.com/question/17711819

the duties of central banks fall into three broad categories. which is not one of these categories?

Answers

The three broad categories of central bank duties are: formulating monetary policy, supervising financial institutions, and managing a country's foreign exchange reserves. Providing consumer loans is not one of these categories.

Central banks play a crucial role in maintaining a country's financial stability. Their primary duties can be classified into three broad categories. First, they formulate monetary policy, which involves adjusting interest rates, controlling the money supply, and managing inflation. Second, they supervise financial institutions to ensure their stability and adherence to regulations. Third, they manage the country's foreign exchange reserves to maintain exchange rate stability and facilitate international trade.

Providing consumer loans, such as mortgages or personal loans, is not a core duty of central banks, as these services are typically provided by commercial banks and other financial institutions. Central banks focus on macroeconomic stability and financial system supervision, rather than providing direct financial services to individual consumers.

To know more about the monetary policy visit:

https://brainly.com/question/13926715

#SPJ11

What does random access memory (RAM) store?
A. the basic input output system (BIOS) system that contains the instructions the computer needs to start up
B. media such as images and videos that a user does not currently need access to
C. the hardware that makes the computer run such as the central processing unit (CPU), motherboard, and cords
D. commonly used instructions such as the operating system or in-use programs

Answers

The processes stored by the Random Access Memory ( RAM ) is D. commonly used instructions such as the operating system or in-use programs.

What is the use of the Random Access Memory?

The Random Access Memory ( RAM ) is a hardware component in the computer that is used to temporarily store the processes that the computer is currently running on. What this means is that the various things that you see on your computer screen such as the operating system, the movies and videos, the music, the antivirus, and even the calculator, are all stored on the Random Access Memory ( RAM ).

This means that the Random Access Memory ( RAM ) is very important in the functioning of a computer because without it, it would be difficult to run the programs being used. This is why when the Random Access Memory ( RAM ) is close to being filled up from too much usage, the computer slows down.

Find out more on Random Access Memory ( RAM ) at https://brainly.com/question/14403275

#SPJ1

what kind of bread is boiled before it is baked?

Answers

Explanation:

Breads such as bagels and pretzels are made by boiling them first because boiling sets the crust before it is placed in the oven. The starch on the exterior quickly gels and forms a barrier. This keeps the water from penetrating very far into the bread. Bagels are usually boiled for 30 to 60 seconds per side.

What can be said about the culture of services?
I. Processes are invisible
II. Processes are well defined
III. More scientific
IV. Not well defined or documented

A. I, II, and III only
B. I, II, and IV only
C. II, III, and IV only
D. All of the above

Answers

Answer is b hope this helps

In the service culture, processes are invisible and procedures are not well defined or documented. This culture is focused on customer service, to provide the best experience.

Therefore, processes are invisible, that is, the customer is not able to identify internal processes if they are not useful, but they must perceive the service as a mystery where all their needs are promptly met.

In the service culture, this is also not well defined or documented, so as not to create standardization of the service, but a personalized service that meets the needs of each customer individually.

Therefore, in the service culture, the focus is on offering the best experience for the customer, through the creation of value, excellent service and employees capable of satisfying their needs.

The service culture is capable of generating greater competitiveness, customer loyalty and positioning for a company.

Learn more here:

https://brainly.com/question/15401740

Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $298,300 and machine hours to be 15,700. Actual manufacturing overhead and machine hours were $343,300 and 16,700, respectively.
Required:
1. & 2. Prepare the journal entries for actual and applied manufacturing overhead and transfer of manufacturing overhead account balance to cost of goods sold.

Answers

Answer:

Explanation:Journal entry for actual manufacturing overhead:

Debit: Manufacturing Overhead Expense - Actual ($343,300)

Credit: Manufacturing Overhead Control ($343,300)

Journal entry for applied manufacturing overhead:

Debit: Work in Process Inventory ($298,300)

Credit: Manufacturing Overhead Control ($298,300)

Journal entry to transfer manufacturing overhead account balance to cost of goods sold:

Debit: Cost of Goods Sold ($298,300)

Credit: Manufacturing Overhead Control ($298,300)

Explanation:

The first journal entry records the actual manufacturing overhead cost of $343,300. It increases the Manufacturing Overhead Expense account and decreases the Manufacturing Overhead Control account.

The second journal entry represents the allocation of manufacturing overhead based on the predetermined rate. It debits the Work in Process Inventory account to reflect the applied overhead cost and credits the Manufacturing Overhead Control account.

The third journal entry transfers the remaining balance in the Manufacturing Overhead Control account (representing over- or under-applied overhead) to the Cost of Goods Sold account. It adjusts the cost of goods sold to reflect the actual amount of overhead applied during the period.

To know more about manufacturing visit

https://brainly.com/question/33188102

#SPJ11

In the graph, what information is determined by looking at the intersection of the supply and demand curves?
A.) The relative efficiency of production
B.) amount supplied at a specific price
C.) increase in demand
D.) equilibrium price

USA TEST PREP

In the graph, what information is determined by looking at the intersection of the supply and demand

Answers

Answer: D.) equilibrium price

Explanation:

The Supply curve shows the different combinations of prices and quantities of goods that Suppliers are willing to offer while the Demand curve shows the combination of goods and the prices the consumers can buy at.

When these two curves intersect as is the case in the graph, they give an equilibrium price which is the price that suppliers are willing to sell their goods at and consumers are willing to buy t.

The stock in Bowie Enterprises has a beta of 1.10. The expected return on the market is 12.40 percent and the risk-free rate is 3.21 percent. What is the required return on the company's stock

Answers

Based on the beta of Bowie Enterprises stock, the expected return on the market, and the risk free rate, the required return should be 13.32%.

What is the required return?

You can find this using the Capital Asset Pricing Model:

Required return = Risk free rate + Beta x (Market return - risk free rate)

Solving gives:

= 3.21  + 1.10 x (12.40 - 3.21)

= 13.32%

In conclusion, the return is 13.32%.

Find out more on the Capital Asset Pricing Model at https://brainly.com/question/13937576.

What statement best describes good interview preparation?
1) An applicant should arrive at least an hour before the interview starts.
2) An applicant should discuss personal hobbies as much as possible in an interview.
3) An applicant should be well-dressed for an interview.
4) An applicant should make personal job demands known in an interview.

Answers

Answer:

I think it is the 3rd one.

Explanation:

Sorry if this wrong. I'm only in 5th grade

Answer: the answer is c

Explanation:

Which of these is reported first on a balance sheet?

Which of these is reported first on a balance sheet?

Answers

All assets are stated first, followed by liabilities (typically in order of liquidity1). Each future economic gain held or managed by the corporation (its assets) as well as its obligations (liabilities) are depicted. (Optin B)

What is a balance sheet?

A balance sheet is a summary of an individual's or organization's financial balances, whether it is a sole proprietorship, a commercial partnership, a corporation, a private limited company, or another organization such as a government or not-for-profit agency.

A balance sheet provides a picture of your company's financial situation at any given time. A balance sheet, together with an income statement and a cash flow statement, may assist business owners in evaluating their company's financial status.

Learn more about  balance sheet at:

https://brainly.com/question/30194752

#SPJ1

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE

A company is giving away a free stuffed bear to promote its new store. Even if the bear is free for you, the item still cost money to make, as someone spent time, labor, and resources on it. What does this example BEST demonstrate?





entrepreneurial ability





rational self-interest





opportunity cost

Answers

Answer:

Opportunity cost

Explanation:

A company is giving away a free stuffed bear to promote its new store. This is the example of the Opportunity cost. The correct option is (C).

What do you mean by the Opportunity cost?

Opportunity cost is the value of other commodities or services you must forgo in order to get your desired item. The term "cost" as used by economists typically refers to opportunity cost.

Opportunity costs have a value that can help people and businesses make more lucrative decisions.

Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally.

Therefore, a company is giving away a free stuffed bear to promote its new store. Even if the bear is free for you, the item still cost money to make, as someone spent time, labor, and resources on it. This is the example of the Opportunity cost.

To know more about the Opportunity cost, visit:

https://brainly.com/question/13036997

#SPJ2

the concept of the time value of money is based on the principle that a dollar today is worth ______ a dollar promised at some time in the future.

Answers

The concept of the time value of money is based on the principle that a dollar today is worth more than a dollar promised at some time in the future.

The time value of money recognizes that the value of money changes over time due to factors such as inflation, opportunity costs, and the potential to earn interest or returns on investments. The principle behind this concept is that a dollar received today is more valuable than the same dollar received in the future.

There are several reasons for this:

1. Inflation: Inflation erodes the purchasing power of money over time. As prices rise, the same amount of money can buy fewer goods and services in the future compared to what it can buy today.

2. Opportunity Costs: By having money today, you have the opportunity to invest or use it for other purposes, such as earning interest, starting a business, or paying off debt. By delaying the receipt of money in the future, you are forgoing these potential opportunities.

3. Risk: There is inherent uncertainty about the future. By receiving money today, you eliminate the risk associated with receiving it in the future. There is always a chance that the promised dollar in the future may not materialize due to unforeseen circumstances.

Considering these factors, the principle of the time value of money recognizes that a dollar received today is worth more than the same dollar received in the future. This principle forms the basis for various financial calculations, such as discounted cash flow analysis, net present value, and future value calculations.

learn more about time value of money here:
https://brainly.com/question/17063154

#SPJ11

3. problems and applications q3 true or false: social security is an example of a transfer payment and is not included in gdp.

Answers

No, Social Security benefits are not counted into the GDP as defined by the United States.  False.

Transfer payments, such as Social Security benefits, are excluded. 1When they are utilised to make a purchase, however, they are tallied as personal consumption expenditures (PCE). Governmental transfers to people include benefits like Social Security. Since transfers do not reflect output, they are not accounted for in GDP.

Whether for retirement or disability, Social Security payments are probably the most well-known type of transfer payment. Even though the majority of beneficiaries have contributed to the system over their working lifetimes, these are nevertheless considered transfer payments. In a similar vein, unemployment benefits also count as transfer payments.

Learn more about Social Security visit: brainly.com/question/27784476

#SPJ4

Correct Question:

True or false: social security is an example of a transfer payment and is not included in gdp.

Sell-side marketplaces are similar to the _________ model; _________ auctions are the key mechanism.

Answers

Answer:

B2C; forward

Explanation:

Sell-side marketplaces are similar to the B2C model; forward auctions are the key mechanism.

What is B2C model?

The term "business-to-consumer" (B2C) refers to a model of commerce between a company and a single customer. Although B2C is a term that can refer to any form of direct-to-consumer selling, it is currently often used in relation to operating an online store, sometimes referred to as ecommerce.

Business to Consumer (B2C) enterprises are different from Business to Business (B2B) organizations in that they concentrate on selling their goods or services directly to consumers rather than other businesses. .

Shopify is one prominent B2C startup that has created a platform to let small sellers sell their goods online and reach a larger audience.

To learn more about B2C

https://brainly.com/question/20514029

#SPJ2

Other Questions
Does Diamonds recording of the August 2010 continuity payments and August/September 2011 momentum payments as the purchases of fiscal 2010 and fiscal 2011, respectively, comply with the U.S. GAAP (Generally Accepted Accounting Principles)? Why or why not? Provide support from the accounting literature, including the FASB Concept Statements, in support of your argument Jane has $500 a week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. The clothing and food pairs in Jane's choice set include ________ units of clothing and ________ units of food. what controversy with regard to muslim women occurred in france in 2010, the resolution of which is still playing itself out? What symbol shows autocorrect is in use in access? WILL MARK BRAINLIEST FOR WHOEVER ANSWERS FIRST!!! point) Let vec a . vec b , vec c and vec y be the three dimensional vectorsvec b = 2i + 6i + 4k vec a = 5j + 3k . vec c = 2i + 3i , vec y = - 6i - 5jPerform the following operations on these vectors:(a) vec c * vec a + vec a * vec y =( b). ( vec a * vec b ) vec a =( c). (( vec c * vec c ) vec a )* vec a = What does Wyatt do that leads to his safety? Consider the function f(x) x + 2 (a) Explain why the mean value theorem applies on the interval (-1,2]. (b) Find the value(s) of c guaranteed to exist by MVT. (c) Give an interval where we can't apply the MVT to this function. How do you know MVT can't be applied on this interval? Plant A is 16/3 feet tall plant C is 4/5 as tall as plant a how tall is plant during the last year, globo-chem co. generated $1,170 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$640 million). at the end of the first year, globo-chem co. had $200 million in cash on its balance sheet, and the firm had $330 million in cash at the end of the second year. what was the firms cash flow (cf) due to financing activities in the second year? An airplane can reach a speed of 650 miles per hour. What is the unit rate per minute? 12 1/2 - 4 7/10 a. 7 6/8 b. 7 8/10 c. 8 2/8 d. 8 3/10 a. Describe Process Costing and include: 1- Examples of two products from two different car manufacturing companies using process costing. (70 words - 2.25pts) 2- What are two to three disadvantages of using process costing? (70 words - 2.25pts) 3- How many Work-in-Process Inventory accounts are used for process costing? How many moles of Al are needed to react completely with 1.2 mol FeO in the reaction? 2Al+3FeO3Fe+Al2O3? what changes occurred in society because of 27th amendment? PLEASE HELP !Convert 0.429 mol AlCl3 to grams 11. What weather factor is consistently connected to crime in studies?O PrecipitationO Storm warningsO TemperatureO Cloud cover Europeans who came to South Africa became known as what? A. ChambotaB. BoersC. AlistarD. Duboise A speculative statement about the relationship between two or more variables is known as a? a-correlation b- hypothesis c- sample d- research design what mass in grams of sodium bicarbonate nahco3 is required to neutralize of 1000.0l of .350 m h2s04? Many of Scott, Bruce & Douglas's smaller competition can not afford to have inside sales Representatives given their smaller revenue and their lack of brands, categories and products. They ask their more remote clients to place orders on a web-portal where as you regularly interact with these same customers. How is Your role an extension of the Marketing concept?What is the advantage to Scott, Bruce & Douglas and to it's customers of having you in this personal selling role? In what ways can you leverage your position and resources to increase sales and satisfaction with your accounts?