The finance category generally refers to the management of money and financial transactions within individuals, organizations etc.
Answer: Can land be depreciated? No, land cannot be depreciated. Depreciation is a method used to allocate the cost of tangible assets, such as buildings, vehicles, machinery, or equipment, over their useful lives. On the other hand, land is considered to have an indefinite useful life and does not wear out or become obsolete in …
Depreciation of Assets: Depreciation of Assets refers to the gradual decrease in value of the things a company owns over time. Just like how a car loses value as it gets older, assets such as buildings, equipment, or vehicles also lose their worth as they are used or age. Depreciation allows businesses to account for …
Explanation: Equality and equity are two concepts often discussed in the context of fairness and social justice. While they sound similar, they have distinct meanings and implications. Here’s an explanation of each term:
Question: When investors doubt the creditworthiness of a borrower, how do they alter their calculation of the bond yield to take into account these doubts? A. Investors do not alter the calculation. B. Investors exclude future repayments they think will not occur. C. Investors add the percent likelihood of bankruptcy to the yield. D. Investors …
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Question: Currency is an example of a number format? True or False Answer: This statement is True. Explanation: More Articles:
Question: To file your federal and state taxes you ____________ Answer: Filing your federal and state taxes involves several steps, including: More Articles:
Question: Which of the following is true of management accounting information? A) It focuses on documenting past business actions of a firm. B) It is prepared based on SEC rules and FASB accounting principles. C) It is prepared for shareholders. D) It helps with the coordination of elements of the value chain. Answer: D) It …
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Question: Gross profit for a merchandiser is net sales minus: a. operating expenses. b. cost of goods sold. c. cost of goods available for sale. d. sales discounts Answer: Option b. cost of goods sold. Explanation: When a business sells products, its gross profit is the difference between the amount of money it earns from …
Gross Profit For a Merchandiser Is Net Sales Minus Read More »
Definition: The net operating profit margin formula is a profitability ratio that measures a company’s operating income as a percentage of its net sales revenue. Formula: The net operating profit margin = (Operating income / Net sales revenue) x 100% Operating income = Gross income – Operating expenses Net sales revenue = Gross sales revenue …
Question: The balance sheet is useful for analyzing all of the following except: a. liquidity b. financial flexibility c. profitability d. solvency Answer: The correct option is c. profitability. Explanation: The balance sheet is a useful tool for understanding how much money a company has, how much it owes to others, and how much is …
The balance sheet is useful for analyzing all (Solved) Read More »
