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3 years ago

_____________ is the act of obtaining a desired object from someone by offering something in return.

Business

1 answer:

Vaselesa [24]3 years ago

8 0

Exchange

Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange. For instance, if a farmer gives a fixed number of eggs to another farmer for a fixed quantity of cow’s milk, this is an exchange. Similarly, if a house guest offers to cook and clean in return for free accommodation, this is an exchange.

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Gordon Chemicals Company acquires a delivery truck at a cost of $39,700 on January 1, 2017. The truck is expected to have a salv

Kipish [7]

Answer:

First Year depreciation is $18,750

Second Year depreciation is $ 9,375

Explanation:

Note that the Method used to provide for Depreciation is Declining Balance Method.

The established rate is used to compute depreciation on the remaining balance after taking account of previous depreciation charges.

Which is the appropriate rate to use?

The question gave us an assumption, "Assuming the declining-balance depreciation rate is double the straight-line rate"

So Working with this Assumption the Calculations are as follows

Straight Line Rate = 1/4×100 = 25%

Therefore Declining Balance Rate = 2×25%=50%

First Year depreciation is = Depreciable Amount ×Diminishing Rate

=($39,700-$2,200) ×50%

= $18,750

Second Year depreciation is = Carrying Amount × Diminishing Rate

=(($39,700-$2,200) - $18,750)×50%

= $ 9,375

Terms:

(1) Depreciable Amount is Cost less Salvage Value

(2)Carrying Amount is Cost less Accumulated depreciation to date

3 0

3 years ago

Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures sophisticated spy camer

Phoenix [80]

Answer:

Product Costs :

2. Rent on equipment used in the factory.

3. Lubricants used for machine maintenance.

5. Soap and paper towels used by factory workers at the end of a shift.

6. Factory supervisors salaries

7. Heat, water, and power consumed in the factory.

10. Workers compensation insurance for factory employees.

11. Depreciation on chairs and tables in the factory lunchroom.

15. The cost of packaging the company`s product.

Period Costs :

1. Depreciation on salespersons cars.

4. Salaries of personnel who work in the finished goods warehouse.

8. Materials used for boxing products for shipment overseas.

9. Advertising costs.

12. The wages of the receptionist in the administrative offices.

13. Cost of leasing the corporate jet used by the company`s executives.

14. The cost of renting rooms at a Florida resort for the annual sales conference.

Explanation:

Product Costs are Costs attached to Product and Included in Valuation.

Period Costs are Not Attached to Products and are expended in Income Statement during the Period in which they are incurred.

4 0

3 years ago

EB2.

tino4ka555 [31]

Answer:

$12

Explanation:

Overhead per machine hour = Overhead ÷ 160,000 machine hours

= $80,000 ÷ 160,000

= $0.5

Cost of each unit:

= Direct material + Direct labor + Overhead

= $5 + $5 + (machine hours per unit × Overhead per machine hour)

= $5 + $5 + (4 × $0.5)

= $5 + $5 + $2

= $12

Therefore, the cost of each unit produced is $12.

7 0

3 years ago

"If a loan of P dollars, at an interest rate of r percent per year compounded monthly, is payable in n monthly installments of m

atroni [7]

Answer:

John's monthly installment was 25% of Sue's monthly installment.

Explanation:

The problem gives us the following data:

Sue's monthly installment was 4 times John's monthly installment.

if we wrote this as an equation we would get that:

$m_{S}=4m_{J}$

where:

$m_{S}$ = Sue's monthly installment

$m_{J}$ = John's monthly installment

in order to find what percent of Johns monthly installment represented regarding Sue's monthly installment, we would need to find the following ratio.

$percent=\frac{m_{J}}{m_{S}}*100\percent$

Therefore:

$percent=\frac{m_{J}}{4m_{J}}*100\percent$

or:

percent=25%

If you wanted to use the given formula, you could also do that. Notice that the formula tells us that the monthly installments are proportional to the loan in dollars, so we get the following:

$m=\frac{\frac{rP}{1,200}}{(1-(1+\frac{r}{1200})^{-n}}$

so we can use it to build our ration:

$\frac{m_{J}}{m_{S}}*100\percent=\frac{\frac{\frac{rP_{J}}{1,200}}{(1-(1+\frac{r}{1200})^{-n}}}{\frac{\frac{rP_{S}}{1,200}}{(1-(1+\frac{r}{1200})^{-n}}}*100\percent$

Since most of the data remains constant and the monthly installments are proportional to the original amount of the loan, that ratio can be simplified to:

$\frac{m_{J}}{m_{S}}*100\percent=\frac{P_{J}}{P_{S}}*100\percent$

So, the problem tells us that the amount of Sue's loan was 4 times the amount of John's loan, so:

$P_{S}=4P_{J}$

so:

$percent=\frac{P_{J}}{4P_{J}}*100\percent$

or:

percent=25%

7 0

3 years ago

A female client presents to the emergency department with acutely deteriorating asthma. Her husband tells the nurse that his wif

tatyana61 [14]

Answer:

The statement which could be correct in this condition or situation is that he gave his wife three extra puffs when she became ill.

Explanation:

The statement of giving three extra puffs to wife by him when she became ill because the he himself provide or given his wife. And the statement that his wife take Salmeterol could contradict grounded on his wife's condition.

So, according to me, the second could be correct in this situation.

7 0

3 years ago