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2 years ago

Would it be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration?

1 answer:

4 0

Yes, It would be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration.

Since managers are charged with maximizing the potential of their own units, it is crucial to frequently assess their performance in the workplace.
Target measurements can be used to assess managers of investment centers' performance.
Businesses typically have a target or targeted rate of return they would like to reach in order to assess a project's viability.
It is profitable for the firm as a whole to move forward with the project in this case because the project's projected return of 18% is higher than the company's desired rate of return of 16%.

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On January 1, 2019, Plenty of Oil, Inc. purchased an oil field that is estimated to have 20 comma 000 comma 000 barrels of oil

AysviL [449]

Answer:

$65,200,000.

Explanation:

We know,

Depreciation expense rate under unit-of-activity method = (Total cost of the asset - Residual value) ÷ Estimated usage

Therefore, Depreciation expense rate = ($80,000,000 - 0) ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $80,000,000 ÷ 20,000,000 barrels of oil.

Depreciation expense rate = $4 per barrel.

As the company used 1,800,000 barrels during 2019, the depreciation expense for 2019 = 1,800,000 × $4 = $72,000,000

For 2020, the depreciation expenses = 1,900,000 × $4 = $76,000,000

Therefore, accumulated depreciation after December 31, 2020 = $72,000,000 + $76,000,000 = $14,800,000.

Therefore, book value reported on the balance sheet as of December 31, 2020 = $80,000,000 - $14,800,000 = $65,200,000.

3 0

3 years ago

Desribe trend & supply. how do they affect eachother

Sophie [7]

First off you need to know what they mean. Trend means what people are in to and want to buy. Supply is how much the sellers have of items. If you have a huge supply of something that isn't in trend then you won't have any business. If you have a huge supply of something that is in trend, people will buy a lot of it. It is a factor of business like supply and demand. I hope this helped :)

6 0

3 years ago

Tyrell Company issued callable bonds with a par value of $36,000. The call option requires Tyrell to pay a call premium of $500

Natalka [10]

Answer and Explanation:

The Journal entry is shown below:-

1. Bond Payable Dr, $36,000

Loss on retirement of bond Dr, $8,000

To Cash $36,500

To Discount on bond payable $7,500

(Being early retirement of bond is recorded)

For recording the early retirement of bond we debited the Bond Payable as it decreasing the liability and Loss on retirement of bond as it is a loss and we credited the cash as it decreases and Discount on bond payable as it is a balancing figure.

2. Bond Payable Dr, $36,000

Premium on bond payable Dr, $1,000

To Cash $36,500

To Gain on retirement of bond $500

(Being early retirement of bond is recorded)

For recording the early retirement of bond we simply debited as it decreasing the liability and we credited the Gain on retirement of bond as it is a income.

5 0

3 years ago

Tate Corporation purchased a building for its grocery store for $30,000 in 1970.Based on inflation estimates,the amount of this

Alex777 [14]

Answer:

B) Stable monetary unit concept

Explanation:

Based on the information given the concepts or principles of accounting that was being violated is called STABLE MONETARY UNIT CONCEPT reason been that this type of accounting principle believe that the dollar purchasing power should often be stable or fixed regardless of the increase or rise in market price which is inflation which is why an accountant will often ignore the impact of inflation on goods and services based on the assumption of the principle of STABLE MONETARY UNIT CONCEPT.

Therefore Tate corporation has violated the accounting principle of STABLE MONETARY UNIT CONCEPT by adjusting the building amount that was purchase in 1970 in the Accounting record from the amount of $30,000 to the amount of $75,000 due to the effect of inflation.

7 0

2 years ago

suppose consumers' disposable income increased by $341 billion and their spending increased by $299 billion. what was the mpc?

Digiron [165]

According to the question, consumers' disposable income increased by $341 billion and their spending increased by $299 billion. The MPC was 0.877.

The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics.

Keynesian macroeconomic theory includes a concept known as marginal propensity to consume, which is determined as the change in consumption divided by the change in income.

Here,

Income increased = $ 341

Spending increased = $ 299

MPC = 299/341

MPC = 0.877

Therefore, consumers' disposable income increased by $341 billion and their spending increased by $299 billion. The MPC was 0.877.

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6 0

1 year ago