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Natasha2012 [34]
3 years ago
6

HOW MUCH IS 5OO ROUNDED TO THE NEAREST 10TH

Business
1 answer:
Anit [1.1K]3 years ago
6 0
500 rounded to the nearest tenth is 500 because there is nothing to round

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4 0
3 years ago
Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:
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Answer:

1. Which amount related to this purchase should be recorded in the accounting records?

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  • a. liabilities.

Liabilities represent all the debts that a company has.

4. Which element of the accounting equation represents the rights of owners?

  • b. owner's equity.

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6 0
3 years ago
A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 500 un
amid [387]

Answer:

The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.

Explanation:

The quantity of output produced is 500 units.

The marginal cost of producing 500 units is $1.50.

The minimum average variable cost is $1.

The price of the product is $1.25.  

The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.

3 0
3 years ago
The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82
egoroff_w [7]

Answer:

The inventory would be valued at $75 each

Explanation:

From  a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.

As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.

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4 0
3 years ago
Read 2 more answers
Watauga Company purchased equipment on July 1, 2017 for $70,000. Sales tax on the purchase was $700. Other costs incurred were f
andriy [413]

Answer:

$72,700

Explanation:

Data provided in the question:

Purchasing cost = $70,000

Sales tax = $700

Freight charges = $800

Shipping charges = $150

Repair charges = $1,300

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Now,

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= $70,000 + $700 + $800 + $150 + $1,050

= $72,700

Note: Repair cost is not included in the cost.

5 0
3 years ago
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