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kirill [66]
3 years ago
14

Which of the following is not a factor of production?

Business
1 answer:
Nataliya [291]3 years ago
4 0
C. Goods and services
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​Gulfcoast, Inc. purchased a van on January​ 1, 2019, for $ 900 comma 000. Estimated life of the van was five​ years, and its es
Zarrin [17]

Answer:

$740,200

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

Depreciation = (900,000 - 101,000)/5

= $159,800

Book value is the cost net accumulated depreciation

= $900,000 - $159,800

= $740,200

4 0
3 years ago
Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following
Anton [14]

Answer:

Bob's predetermined overhead rate = 9.91

Explanation:

Calculation for predetermined overhead rate

Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours

Predetermined overhead rate = 110917 / 11198

Predetermined overhead rate = 110.917 / 11.198

Predetermined overhead rate = 9.91

8 0
2 years ago
Mr. West wishes to purchase a condominium for $240,000 in cash upon his retirement 10 years from now. How much should he deposit
Oduvanchick [21]

Answer:

He should deposit $1,744.37 at the end of each month.

Explanation:

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the of condominium = $240,000

M = Monthly payment = ?

r = monthly interest rate = 2.7% / 12 = 0.027 / 12 = 0.00225

n = number of months = 10 years * 12 months = 120

Substituting the values into equation (1) and solve for M, we have:

$240,000 = M * (((1 + 0.00225)^120 - 1) / 0.00225)

$240,000 = M * 137.585424499073

M = $240,000 / 137.585424499073

M = $1,744.37

Therefore, he should deposit $1,744.37 at the end of each month.

8 0
3 years ago
What types of information are found on a balance sheet ? (Select all that apply.)
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C) Interest expense.
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The board of governors of the federal reserve system can increase commercial bank reserves by
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<span>The board of governors of the federal reserve system can increase commercial bank reserves by increasing the size of its term auction facility.</span>
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