Explain what costs are included in the acquisition cost of operating assets
Acquisition costs should include all of the costs that are normal and necessary to acquire the asset and prepare it for its intended use. This generally includes: purchase price, taxes paid at the time of purchase, transportation charges, and installation costs.
You might also like to view...
Monkee's Company has current assets of $45,000, current liabilities of $50,000, long-term assets of $90,000 and long-term liabilities of $40,000. Monkee's Company's working capital and its current ratio are:
a. $45,000 and .90:1. b. $5,000 and 1.50:1. c. $5,000 and .90:1. d. ($5,000) and .90:1.
Which activities belong in the accounting department?
A. Relies on information from operations to understand inventory, place orders, and forecast consumer demand. B. Tracks strategic financial issues, including money, banking, credit, investments, and assets. C. Records, measures, and reports monetary transactions. D. Supports the sales by planning, pricing, and promoting goods or services.
If arrivals follow a Poisson probability distribution, the time between successive arrivals must follow a(n) _____ probability distribution.
A. Poisson B. normal C. uniform D. exponential
Explain the types of activities that are considered to be horizontal restraints of trade
What will be an ideal response?