Answer:
Money and Farm Equipment are examples of Capital.
Capital is a Factor of production which is basically the current assets, equipment and money in hand....This depends on the type of capital being referred to....It could be Working, Physical, or Fixed Capital.....
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Answer: He most likely would have benefited by diversifying.
Explanation:
Answer:
B) Integrity
Explanation:
There are various ethical standards which are described below:
A) Credibility: This ethical standard deals with the communication of the correct information of the statement of financial position to all stakeholders of the business organization.
B) Integrity: This ethical standard stated that the chartered accountant should be honest and not biased for his personal gain. If he/she is biased, then he/she violates his/her profession.
C) Competence: The person is capable to do the particular task or not will check by his competence
D) Confidentiality: The financial information should not be disclosed out to third parties. The person should maintain confidentiality.
So as per the given scenario, the most appropriate option is B. Integrity
Answer:
variable cost per bushel = $0.18848
total fixed costs = $6,652
Explanation:
we can use the high-low method of accounting to determine the variable and fixed costs:
- highest activity cost = $25,500
- highest activity level = 100,000 bushels
- lowest activity cost = $7,500 (*doesn't make sense to use $75,000)
- lowest activity level = 4,500
variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units)
variable cost per unit = ($25,500 - $7,500) / (100,000 - 4,500) = $18,000 / 95,500 bushels = $0.18848 per bushel, since the quantities are large, we cannot round up
fixed costs = highest activity cost - (variable cost x highest activity units)
fixed costs = $25,500 - ($0.18848 x 100,000) = $6,652
Answer and Explanation:
Clude had purchased the raw land three years ago for $150000 and treated it like a inventory. she constributed the property to south peak investments LLC in exchange for 10% profit interest. but south peak will hold it for investment purpose.
a) after 4 years from Cludes contribution south peak sells the land for $3000000 the gain would be $3000000 - 1500000 = 1500000. the character is of long term capital gains since ths LLC held ot as investment asset
b) if south peak sells the asset after 5 years six months then also the gain would be sa,e and character would be same since LLC has held the asset fore investments purpose and at the same time its holding period is above one year.
