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2 years ago

8

The planning cycle is viewed as a linear process with a sequence of steps; however, it can also be considered cyclical so that a

t any point in the planning process you can go back and change decisions.

1 answer:

Lisa [10]2 years ago

5 0

A linear process with a sequence

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Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $429,000 for extrac

givi [52]

Answer:

cost depletion expense = $128700

so correct option is B. $128,700

Explanation:

given data

paid = $429,000

recover = 6,500 pounds

extracted = 1,950 pounds

sold = $277,000

to find out

cost depletion expense

solution

we get here cost depletion expense that is express as

cost depletion expense = $\frac{paid}{recover}$ × extracted ...........1

put here value we get

cost depletion expense = $\frac{429000}{6500}$ × 1950

cost depletion expense = $66 × 1950

cost depletion expense = $128700

so correct option is B. $128,700

5 0

3 years ago

An institution is a significant practice, relationship, or organization in a society. Institutions shape the environment in whic

Artemon [7]

Answer:

a. Private Property Rights

b. Political Stability and Rule of Law

c. Open and Competitive Market

d. Private Property Rights

Explanation:

a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.

b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.

c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.

d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.

5 0

4 years ago

Jeff Heun, president of Bridgeport Always, agrees to construct a concrete cart path at Dakota Golf Club. Bridgeport Always enter

Setler79 [48]

Answer:

Transaction price $241,400

Transaction price $245,720

Explanation:

Outcome Probability Contract Revenue Transaction Price

Complete on time 50% $215,000 + $32,000 = $247,000 $123,500

Complete one week late 30% $215,000 + $24,000 = $239,000 $71,700

Complete two weeks late 20% $215,000 + $16,000 = $231,000 $46,200

Transaction price $241,400

2

Outcome Probability Contract Revenue Transaction Price

Complete on time 84% $215,000 + $32,000 = $247,000 $207,480

Complete one week late 16% $215,000 + $24,000 = $239,000 $38,240

Transaction price $245,720

6 0

4 years ago

Grove Co. acquired a production machine on January 1, 2019, at a cost of $575,000. The machine is expected to have a four-year u

DIA [1.3K]

Answer:

a. Production Units method

b. Straight Line depreciation

c. Double declining method

Explanation:

Straight Line Depreciation: [575,000 - 118,000] / 4 = 114,250 per year

Declining Balance Method :

Year 2019 : 19,360 / 88,000 * [ 575,000 - 118,000 ] = 100,540

Year 2020 : 28,160 / 88,000 * [ 575,000 - 118,000 ] = 146,240

Year 2021 : 24,640 / 88,000 * [ 575,000 - 118,000 ] = 127,960

Year 2022 : 15,840 / 88,000 * [ 575,000 - 118,000 ] = 82,260

7 0

3 years ago

The _____________ reduce inflationary pressure when expansions are too large and reduce recessionary pressures when contraction

jonny [76]

The answer to the question is "Automatic Stabilizer". This a new policy and programs developed and used by the government in budgeting. The "Automatic Stabilizers" reduce the inflationary pressure when expansions are too large and reduce recessionary pressures when contraction in excessive.

6 0

3 years ago