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Marta_Voda [28]
3 years ago
8

David bought 48 for cars at a yard sale of the cards three eighths were baseball cards how many car

Business
1 answer:
Tatiana [17]3 years ago
5 0
First find 1/8. 48/8 is 6. Then multiply by 3 since there are 3/8. 3x6 is 18. 18 cards. Hope this helps!
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What is meant by market in the lower-of-cost-or-market rule?
Pavel [41]

Answer:

Stock is valued at lower of : cost or market price [prudence principle]

Explanation :

Prudence or Conservatism is an accounting principle : anticipating for all possible losses & expenditures, not anticipating for possible profits & gains. This makes business better prepared to face all contingent expenditures/ losses.

This concept's implication is that : Stock or Inventory is valued at the value whichever is lesser between 'cost of inventory' & sale price. This makes inventory valuation as per the above explained Prudence/ Conservatism principle.

7 0
3 years ago
A $25,000 bank loan is to be repaid in equal yearly payment over 15 years at an effective annual interest rate of 7%. you did th
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8 0
3 years ago
Company A uses an accelerated depreciation method while Company B uses the straight-line method. All other things being equal, d
babymother [125]

Answer:

d. A larger fixed assets turnover ratio and a larger gain on asset disposal

Explanation:

Accelerated depreciation is a method of depreciation whereby the book value of an asset is rapidly depreciated or reduced i.e at an accelerated rate.

This method usually minimizes taxable income in the initial years as a higher amount of depreciation is claimed.

Fixed assets turnover ratio refers to what percentage of net sales is attributable to an entity's fixed assets. It is expressed as:

\frac{Net\ Sales}{Average\ Fixed\ Assets}

Gain on sale of asset disposal = Sale value - Book Value

Book Value =  Cost less accumulated depreciation till date

As can be seen, Average fixed assets balance would reduce thereby increasing fixed assets turnover ratio.

Similarly, due to higher depreciation charged, Book Value would be comparatively less, which would lead to larger gain on assets disposal in the initial years.

5 0
3 years ago
Depreciation of noncurrent operating assets is an accounting process for the purpose of?
klasskru [66]

Noncurrent Operating Asset Depreciation is a procedure used in accounting to reflect declining asset values on the balance sheet.

A tangible item's cost can be spread out over the period of its useful life using the accounting approach of depreciation. Depreciation indicates how much of an asset's worth has been expended. It makes it possible for companies to buy assets over a predetermined period of time and profit from those assets. The immediate cost of ownership is greatly lowered because businesses do not have to fully account for them in the year the assets are purchased. A company's profits can be significantly impacted by not accounting for depreciation. Long-term assets can also be depreciated by businesses for tax and accounting reasons.

Learn more about Depreciation here.

brainly.com/question/28202953

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3 0
2 years ago
Bruce Corporation makes four products in a single facility. These products have the following unit product costs:
VladimirAG [237]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, computation of the given data are as follows:

Variable cost = Direct material + Direct labor + Variable manufacturing overhead + Variable selling cost per unit

Variable cost of product A =    $17.30 + $19.30 + $6.10 + $3.05 = $45.75

Variable cost of product B =   $21.20 + $22.70 + $7.30 + $3.75 = $54.95

Variable cost of product C =   $14.20 + $17.10 + $9.80 + $4.50 = $45.60

Variable cost of product D =   $16.90 + $11.10 + $6.80 + $5.20 = $40

Contribution per unit (CPU) = selling price per unit – variable cost  

Product A CPU = $87.20 - $45.75 = $41.45

Product B CPU = $79.60 - $54.95 = $24.65

Product C CPU = $76.40 - $45.60 = $30.8

Product D CPU = $71.10 - $40 = $31.10

Contribution per grinding minutes (CPGM)  = CPU ÷ contribution per grinding minutes

CPGM of Product A = $41.45 ÷ 2.30 = $18.02

CPGM of Product B = $24.65 ÷ 1.35 = $18.26

CPGM of Product C = $30.8 ÷ 0.90 = $34.22

CPGM of Product D = $31.10 ÷ 1.20 = $25.92

According to the analysis, Product C makes the most profitable use of grinding machine. Because it’s give the highest contribution per grinding minutes.

7 0
3 years ago
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