Depreciation

a. allocates the cost of an asset over its useful life

b. assures that assets are reported at fair market value

c. is discretionary for many firms

d. is the responsibility of the department using the asset

In your own words, describe a proprietorship.

A company purchased $1,800 of merchandise on july 5 with terms 2/10, n/30. on july 7, it returned $200 worth of merchandise. on july 28, it paid the full amount due.

The fact that some people will work hard to earn a lot of money while others will be content with much less income indicates that

Does the free-market system bring efficiency as well as freedom? give at least one concrete example to support your position.

Last year, gordon company sold 20,000 units of its only product. if sales increase by 20% in the current year, how will unit variable cost and total fixed cost be affected? unit variable cost total fixed cost a. remains constant remains constant b.

Johansen Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 14 percent, and the cost of debt is 8 percent. The relevant tax rate is 30 percent. What is the company's WACC?

On November 1, 2018, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1., 2. & 3.

A stock's price is simply the current market price, and it is easily observed for publicly traded companies.

Why is important to have a personal financial so important

Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost of goods sold using FIFO for comparison purposes.