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2 years ago

I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.

Business

1 answer:

Anon25 [30]2 years ago

4 0

Answer:

Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.

In B u get $1010 because of the interest after the first year,

In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.

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When reviewing a Profit and Loss report in QuickBooks Online, which report option will quickly show a client income and expenses

Lemur [1.5K]

Answer: Compare another period > Previous year (PY)

Explanation:

QuickBooks Online is an accounting service provided to small and medium businesses to help them with their accounting needs even with the most rudimentary of knowledge.

Should you want to view a client's income and expenses over the past two years, use the compare another period and then the Previous year option. The income and expenses will be shown for the current year and the last one making it 2 years.

6 0

3 years ago

On January 1, 20X1, Prim Inc. acquired all of Scrap Inc.â€™s outstanding common shares for cash equal to the stockâ€™s book valu

aliya0001 [1]

Answer:

Prima Inc.

1. c. Decrease depreciation expense and recognize no goodwill amortization

Rudd Corporation:

2. The amounts of Amortization and Goodwill Expense to be reported in Rudd's 20X8 financial statements are:

= d. $ 0 $ 0

3. The amount of the intercompany loans and profits that should be eliminated are:

. $100,000 $300,000

4. The amount of goodwill that should be reported as a result of this business combination is:

= c. $400,000.

Explanation:

Data and Calculations:

2. Recorded goodwill = $100,000

Estimated useful life = 5 years

Amortization and Goodwill Expense = $0

3. Intercompany loans = $100,000

Intercompany profits = $300,000

4. Long Corp.'s

Cost Fair Value

Cash $ 160,000 $ 160,000

Inventory 480,000 460,000

Property, plant and equipment (net) 980,000 1,040,000

Liabilities (360,000) (360,000)

Net assets $1,260,000 $1,300,000

Payment = $1,700,000

Goodwill (acquired) = $400,000 ($1,700,000 - $1,300,000)

3 0

3 years ago

] A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost wo

valina [46]

Answer:

The question is not complete, below is an example of the completely stated question:

A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm?

a. Marginal cost is $5, and average variable cost is $8.

b. Marginal cost is $8, and average variable cost is $5.

c. Marginal cost is $5, and average total cost is $8.

d. Marginal cost is $8, and average total cost is $5.

Answer:

d. Marginal cost is $8, and average total cost is $5.

Explanation:

Marginal cost of production is the change in cost, arising from the production of an additional unit of output. it is the cost of manufacturing one more unit of product. Mathematically, marginal cost is represented as:

$Marginal\ cost = \frac{change\ in\ cost}{change\ in\ quantity\ produced} \\$