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2 years ago

Anything that is capable of being owned or controlled to produce value would be considered as what?

Business

1 answer:

Tatiana [17]2 years ago

7 0

Answer: The correct answer is anything that is capable of being owned or controlled to produce value is an asset.

Explanation: An asset is anything that is capable of being owned or controlled to produce value. Assets represent the value of ownership that can be converted to cash.

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Stryker Industries received an offer from an exporter for 27,000 units of product at $17 per unit. The acceptance of the offer w

Aloiza [94]

Answer:

$162,000

Explanation:

Income Statement - New Offer

Sales (27,000 x $17) $459,000

Less Variable Costs of the offer :

Variable manufacturing costs (27,000 x $11) ($297,000)

Net Income (Loss) $162,000

therefore,

the amount of income from the acceptance of the offer is $162,000

7 0

2 years ago

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $316,7

erastovalidia [21]

Answer:

Explanation:

The preparation of ta static budget report for the second quarter is shown below:

CROIX COMPANY

Sales Budget Report

For the Quarter Ended June 30, 2017

Second Quarter Year to date

Product Line Budget Actual Difference Budget Actual Difference

New Guitar $383,500 $387,400 $3,900 $700,200 $690,500 $9,700

Favorable Unfavorable

The year to date balances are computed below:

For Budget:

= $383,500 + $316,700

= $700,200

For Actual:

= $387,400 + $690,500

= 690,500

6 0

2 years ago

How do objectives make it more likely that you will reach your goals?

Bad White [126]

Answer:

C seems the most reasonable

3 0

2 years ago

Read 2 more answers

True or false: the heckscher-ohlin theory addresses two questions left unexplained by the ricardian theory: what determines comp

tekilochka [14]

is the answer to this True?

6 0

2 years ago

A company has $99,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.

quester [9]

Answer:

Dr Bad debt expense 3,070

Cr Allowance for doubtful accounts 3,070

Explanation:

$99,000 in accounts receivables

4% is considered bad debt

$99,000 x 4% = $3,960

the current balance for allowance for doubtful accounts = $890 (credit)

the adjusting entry for allowance for doubtful accounts = $3,960 - $890 = $3,070

the journal entry should be:

Dr Bad debt expense 3,070

Cr Allowance for doubtful accounts 3,070

the final balance of the allowance for doubtful accounts = $3,070 + $890 = $3,960

7 0

2 years ago