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2 years ago

A person just bought a house for $150,000. however, he also has to pay another $2,000 for his house every year.

Business

2 answers:

Blababa [14]2 years ago

3 0

Answer:

I think that its property tax i'm not sure tho

Explanation:

Klio2033 [76]2 years ago

3 0

Answer:

Explanation:

Cause It deals With houses, and because the person bought the house its now their property but also Tax of this property is a given yearly

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Arrow Printers paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on

Furkat [3]

Answer: B

Explanation: Operating $0; Financing $18,000.00

This is because all the listed expenses are related to the financing arm of the business.

8 0

3 years ago

On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit balance of $18,500. On December

natulia [17]

Answer:

3) Unrealized Gain on Trading Investments of $1,500.

Explanation:

By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).

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3 years ago

Which of the following statements is correct? Select one: a. Supply curve A is perfectly elastic. b. Supply curve C is more inel

natali 33 [55]

The following statement supply curve A is perfectly elastic and supply curve B is perfectly inelastic are correct.

Explanation:

If there is no response from demand to prices and supply curve is vertical then the supply is perfectly inelastic.If there is more change in demand and very less change in price and supply curve is horizontal then the supply is perfectly elastic.

If the elasticity is greater than one that indicates high change in price known as Elastic supply. if the Elasticity is less than one that indicates low change in price then it is said to be Inelastic supply.

6 0

3 years ago

You are the manager of a medium-sized farm with 100 acres of workable land. You can farm the land yourself, rent the land to ano

Ainat [17]

Answer:

The opportunity cost for a year will be $240,000.

Explanation:

The opportunity cost of any decision is the second-best alternative that is given up or sacrificed.

Here, the manager has a farm of 100 acres of land.

If he sells it to a developer for $40,000 per acre, he will get $4,000,000 for the whole land.

He can invest this amount and get an interest of 6% per year.

The opportunity cost of keeping the farm to the manager himself will be

= 6% of $4,000,000

= $\frac{6}{100}\ \times\ \$ 4,000,000$

= $240,000

3 0

3 years ago

Schwering Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocat

Vesnalui [34]

Answer:

Instructions are below.

Explanation:

1)

Order Filling, $136,040

Orders (Order Filling)

Product D7 3,040

Product U1 760

To calculate the predetermined overhead rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order Filling= 136,040/3,800

Order Filling= $35.8 per order

2)

Overhead costs:

Machining, $81,600

Order Filling, $161,500

Activity data appear below:

MHs (Machining) Orders (Order Filling)

Product D7 13,200 4,000

Product U1 26,800 1,000

First, we need to calculate the activity rate for each activity:

Machining= 81,600/40,000= $2.04 per machine hour

Order Filling= 161,500/5,000= $32.3 per order

Now, we can allocate overhead to product U1:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product U1= 2.04*26,800 + 32.3*1,000= $86,972

3)

Wall Mirrors Specialty Windows

Total expected units produced 7,700 1,450

Expected direct labor-hours per unit 14 7

The total materials handling cost for the year is expected to be $17,153.10.

Total direct labor hours, and predetermined overhead rate:

Total direct labor hours= 14*7,700 + 7*1,450= 117,950

Material Handling activity rate= 17,153.1/117,950= $0.145 per direct labor hour

Now, we allocate overhead:

Wall Mirrors= 0.15*107,800= $16,170

6 0

3 years ago