An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. The normal balance of the asset is debit. Do you think your cellphone is an asset?

Q: what affects the way you spend money the most?

A: The way we spend money is influenced by a variety of factors. The most significant of these are…

Q: What are the two factors that determine what borrowing will cost?

A: Two factors that determine what borrowing will cost are -  Principal Amount : It is the original…

Q: what constitutes a depriciable asset?

A: A depreciable asset is an asset whose value is expected to  decline over its life.

Q: The figure given below shows revenue and cost curves of a monopolistically competitive firm. Figure:…

A: 18. As shown in diagram 12.1 the profit-maximizing condition of a monopolistic competitive firm is…

Q: What would be the value of APS if savings is half that of income.

A: The data presented is that the savings of the household is half that of income.  So if income is Y…

Q: role of the debtor in possession?

A: Debtor- It owes a debt to another entity.

Q: Do you think it’s a good idea for high school students to have a credit card? What about college…

A: An individual who possesses a credit card is able to borrow money from a bank or other financial…

Q: What can socilety do about fake new?

A: To find : How society deals with fake news

Q: Gilberto lives in Detroit and runs a business that sells pianos. In an average year, he receives…

A: Hi, thanks for the question, as per the guidelines we are allowed to attempt the first question. If…

Q: How should Fitbit overcome the threats and obstacles it faces?

A: Fitbit is a fitness watch that monitors a person's heart rate, weight, and other vital statistics.…