Answer: A. The firm entering into a turnkey project with a foreign enterprise, inadvertently creating a competitor.
Explanation:
A TurnKey project is one where the constructor initiates and completes the entire project. That means they handle the design, the construction, the furnishing and etc so that they can give the project to the buyer in working condition.
By getting into such Projects with firms in Gulf states, Western firms created competitors because they essentially sold their competitive advantage away as well. Now those firms are just as proficient in producing as they are thus giving them competition.
Answer:
b. $210000.
Explanation:
Calculation for Net cash provided by operating activities in 2022
Using this formula
Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal
Let plug in the formula
Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000
Net cash = $210,000
Therefore the Net cash provided by operating activities in 2022 will be $210,000
Investing is when you invest or expend your money into a business, stock, etc to make money. You can always invest safely or be risky but have a chance of losing your money. Saving is when you save up you money and don’t do anything with it neither spend it or invest it.
Answer:
$101,820
Explanation:
the total cost basis of the machine:
- purchase price = $94,000 x 98% = $92,120
- transportation costs = $4,000
- installation costs = $5,700
- insurance costs = $0 (operating expense)
total asset basis = $101,820
A business can capitalize certain necessary costs when it acquires an asset and they include freight, installation and insurance costs. But the insurance costs that can be capitalized are those incurred to insure an asset while it is being transported or installed, after the installation is over any insurance costs are operating costs.
Answer: B. Half of all the rural land
Explanation:
