"you have 36 square units of material with which to make a box"

According to the Full Disclosure Principle, all thins that can materially affect the financial status of the firm must be disclo

Olenka [21]

Answer: True

Explanation: The full disclosure principal states that any material information, that can affect the judgement of a rational investor or other stakeholder, must be stated in the financial statement.

These disclosures can be made on press releases, supplementary reports and other such communications etc.

Hence, from the above we can conclude that the given statement is true.

8 0

3 years ago

Suppose that a store sells candy bars for $0.89 for one and $1.50 for two. The marginal cost of the second candy bar is:

hoa [83]

The marginal cost of the second candy bar is:$0.61.

<h3>Marginal cost</h3>

Using this formula

Marginal cost=Selling price for two-Selling price for one

Where:

Selling price for one=$0.89

Selling price for two=$1.50

Let plug in the formula

Marginal cost=$1.50-$0.89

Marginal cost=$0.61

Inconclusion the marginal cost of the second candy bar is:$0.61.

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4 0

2 years ago

The following data concerns a proposed equipment purchase: Cost $144,000 Salvage value $4,000 Estimated useful life 4 years Annu

zvonat [6]

Answer:

Option (B) is correct

Explanation:

Depreciation expense:

= (cost - salvage value) ÷ estimated useful life

= ($144,000 - $4,000) ÷ 4

= $35,000

Average investment:

= (cost + salvage value) ÷ 2

= ($144,000 + $4,000) ÷ 2

= $74,000

Net income:

= Annual net cash flows - Depreciation expense

= $46,100 - $35,000

= $11,100

Accounting rate of return:

= (Net Income ÷ Average investment) × 100

= ($11,100 ÷ $74,000) × 100

= 15%

8 0

3 years ago

How do you know how the government works on... there are reports but yet its top secret how do people know about things from the

Inessa05 [86]

Answer:

Hackers probably and even if only one person leaks something, it'll travel fast.

Explanation:

7 0

3 years ago

Determine the monthly payment for a 36 month lease on a $26,000 car with a residual of 71% and an interest rate of 7. 5%. A. $10

lubasha [3.4K]

The lease fee is equal to the monthly rent, which is formally dictated underneath an agreement between two parties, granting one party the lawful liberty to utilize the other person's real estate belongings and other fixed assets, for a limited period.

The approximate monthly lease payment is $348. 38.

<h3>How to calculate the monthly payment?</h3>

Given,

Residual percentage = 71 %
Interest rate = 7.5 %
Lease amount for the car = $26,000
Number of months = 36

First calculate the residual value as:

Residual value = 71 % of the lease amount ($26,000)

$\begin{aligned}&= 0.71 \times 26,000\\\\&= \$ 18,460\end{aligned}$

Calculate the money factor as:

$\begin{aligned}\rm Money\; factor &= \dfrac{7.5 }{2400}\\\\&= 0.003125\end{aligned}$

<u>Step 1</u>: Calculate the monthly depreciation as:

$\begin{aligned}\rm Monthly depreciation &= \dfrac{\text{Lease amount - residual amount }}{\text{Number of months}}\\\\&=\dfrac{ 26000 - 18460}{36}\\\\&= \$209.44\end{aligned}$

<u>Step 2</u>: Calculate the monthly financial charge as:

$\begin{aligned} \text{Monthly Financial Charge} &= (\text{Lease amount + Residual value}) \times \text{Money factor}\\\\&= (26000 + 18460) \times 0.003125\\\\&= \$138.94 \end{aligned}$

<u>Step 3</u>: Calculate the lease amount as:

$\begin{aligned}\text{Monthly Lease Amount} &= \text{Monthly Depreciation + Financial Charge}\\\\&= 209.44 + 138.94\\\\&= \$348.38\end{aligned}$

Therefore, <u>option d.</u> $348. 38 is correct.

Learn more about the lease amount here:

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3 0

2 years ago

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