It is to be noted that the current rates of extinction as relates to certain animals and plants species show the rates to be higher than the mass extinctions at the end of the Cretaceous Period.
<h3>What is the rate of extinction?</h3>
Rates of extinction simply refer to how quickly species are becoming non-existent.
The rates are said to be on the average of 100 E/MSY. In 2020 for instance about 15 species (according to IUC) were declared extinct.
E/MSY is Extinctions per Million Species-Years. The correct answer, thus, is C.
See the link below for more about rates of extinction:
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Answer:
$5.00
Explanation:
Preparation of the 2021 EPS presentation for the Esposito Import Company
Earnings per share:
Income from continuing operations$7.00
Less Loss from discontinued operations(2.0)
Net income $5.00
Therefore the Net income after the Preparation of the 2021 EPS presentation for the Esposito Import Company is $5.00
Answer:
Consider the following calculations
Explanation:
Step 1. Given information
- Sales $7,270,000
- Gross profit 1,450,000
- Indirect labor 330,000
- Indirect materials 195,000
- Other factory overhead 90,000
- Materials purchased 5,100,000
- Total manufacturing costs for the period 6,170,000
- Materials inventory, end of period 480,000
Step 2. Calculation according to the following formulas.
a. Cost of goods sold = Sales-Gross profit = 7270000-1450000= $582000
b. Direct materials cost = 5100000-195000-480000= $4425000
c. Direct labor cost = 6170000-4425000-330000-195000-90000= $1130000
Answer:
The Journal entry is as follows:
Land A/c Dr. $400,850
To Cash A/c $100,850
To Notes payable $300,000
(To record purchase of land with cash and notes payable)
Workings:
Purchase price of land = $392,000
Total cost of land:
= Purchase price of land + Property taxes + Title insurance + Removal of building
= $392,000 + $2,100 + $950 + $5,800
= $400,850